FirstCapital1 is a brokerage firm that operates without regulation and in anonymity. Its website is full of unnecessary details and red flags. Read this complete FirstCapital1 review to find out why we have listed this broker in our Scam Brokers list.
It is evident from their flagrant lack of openness as well as the obvious lack of ownership, regulation, and registration information that depending on them is not a smart idea. Just this aspect alone should raise doubts about their legitimacy.
FirstCapital1 turns out to be a deceitful fraudulent scheme, despite its claims to provide a wide range of financial products, an advanced trading platform, and advantageous trading circumstances. We can’t consider this dishonest broker to be a safe keeper of your money, so we strongly advise against giving them your money.
Website – https://firstcapital1.com/
Address – Bärengasse 16, 8001 Zürich, Switzerland
Warning – Alberta Securities Commission (Alberta), British Columbia Securities Commission (Canada), Swiss Financial Market Supervisory Authority (Switzerland
Regulation – Unregulated, Blacklisted
Domain Age –
|Date Registered||November 08, 2022|
|Domain Age||11 months, 3 days, 15 hours, 31 minutes|
About FirstCapital1 Regulation
FirstCapital1 website is overflowing with meaningless content and phony assurances that are purposefully placed to hide the company’s omission of crucial regulatory oversight information. This is a well-known strategy used by dishonest brokers to cover up their violations of the law, and it is clearly visible in this instance.
Moreover, it is crucial to emphasize that FirstCapital1 operates with an almost shadowy presence, providing extremely limited identification information on its website. The only particulars offered consist of a single address in Switzerland and contact phone numbers, yet our exhaustive investigation has failed to uncover any evidence linking this address to the broker.
Upon conducting an extensive search within the official FINMA register, the unsurprising revelation has come to light that FirstCapital1 is not subject to regulatory oversight in Switzerland.
FirstCapital1 Review: Trading Platform
The FirstCapital1 trading platform functions as a web-based terminal. We had the chance to explore it, but regrettably, we couldn’t perform trades as it lacks a demo account feature.
It’s important to highlight that the platform is quite simplistic, providing only fundamental functionalities like basic charts and graphs. Significantly, it does not include advanced trading tools or features, such as automated trading capabilities or real-time market updates.
FirstCapital1 Review: Deposit and Withdrawal Methods
FirstCapital1’s account deposit requirements are excessively high. The Self-Managed account, for instance, necessitates a minimum deposit of $250, while the VIP account sets an astounding threshold at a quarter of a million dollars. It’s essential to note that the industry standard for a minimum deposit typically falls below $200.
The fact that an unlicensed and untrustworthy company demands such a substantial deposit is both disconcerting and illogical. FirstCapital1 claims to accept payments through credit cards, bank transfers, and e-wallet payment systems.
Furthermore, the absence of information regarding withdrawal fees on the FirstCapital1 website raises yet another warning signal for potential traders.
Is it safe to invest with FirstCapital1?
Based on the information provided in an initial statement, it is strongly advisable not to invest with FirstCapital1. FirstCapital1 has been the subject of an official cautionary notice from the Swiss regulatory authorities, FINMA. It is made clear in the warning that this organization is not “listed in the commercial register.”
Additionally, regulators from the British Columbia Securities Commission (Canada) and the Alberta Securities Commission (Alberta) issued a public warning against FirstCapital1.
FirstCapital1 Review: Conclusion
If you’ve experienced financial losses with FirstCapital1, there’s no need to be alarmed. The comforting news is that help is readily available. Our team, a dedicated group committed to assisting individuals in recovering lost funds online, is prepared to support you throughout the fund recovery procedure. Simply complete a complaint form on our website to receive a free consultation from our team of experts.
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