Aspect | Information |
---|---|
Registered Country/Area | Comoros |
Founded Year | Not Specified |
Company Name | FirstECN |
Regulation | MISA (MWALI International Services Authority) |
Demo Account | Yes |
Minimum Deposit | 250$ |
Maximum Leverage | 1:200 |
Spreads | Variable |
Trading Platforms | Web Trading Platform, Mobile Application and TradingView |
Customer Support | Live Chats, Email and Calls support@FirstECN.com, +815050506222 |
Introduction
FirstECN is an all-rounded forex and CFD broker that provides the best opportunities for trading, including Forex, cryptocurrencies, and precious metals. This is a platform designed to meet the needs of novice and seasoned traders, bringing together an easy-to-use interface and powerful trading tools to offer the best possible trading environment. This review delves deep into the functionalities and services offered by FirstECN, helping traders assess whether this platform aligns with their trading goals.
Is it Legit or Scam?
FirstECN falls under regulation by the MISA and MWALI International Services Authority while operating with utmost financial strictness. Here, they provide a well-safe environment for trading, in addition to advanced encryption alongside strict protocols of privacy meant to guarantee protection of customers’ information and transactions. This effectively puts FirstECN firmly in the role of an authentic and believable forex dealer, not fraud.
Trading Conditions of FirstECN
FirstECN offers trading conditions that have been geared towards catering the different types of diverse strategies in trading with dynamic approaches. Access to variable spreads is granted to traders with leverage options that enhance their return potential, though alongside increased risk.
Minimum Amount
Amount: The minimum first deposit at FirstECN is $250, available for new account holders, and is pretty competitive among the industry standards.
Minimum Spread
Forex Trading: Spreads as low as 0.1 pips on major currency pairs, which means trading is relatively cheap.
Leverage
Maximum Leverage FirstECN boasts of a leverage capacity of up to 1:200, meaning traders can use much more money with much less to establish a position. The trader is as well exposed to higher potential risks and is given proper risks are held paramount while the higher leverage can bring higher potential gains.
Spreads and Commissions
- Spreads: Competitive spreads of 0.1 pips on major forex pairs.
- Commissions: The trading site gives a trader commissions between low to zero depending on the account a trader uses.
Account Types Offered by FirstECN
FirstECN provides a variety of account options tailored to different trader needs:
- Silver Account: as high as 1:200 leverage, minimum lot 0.01, not offered spread discount.
- Gold Account: Leverage up to 1:200, spread discounts at 50% of the Silver account rates.
- Platinum Account: Leverage begins with a 1:200 position, which means their spreads will be at 75% of what is listed as Silver account rates.
How to Open an Account in FirstECN?
Opening an account with FirstECN is straightforward:
- Go to the FirstECN website and click on ‘Open Account’. Enter personal details such as name, last name, email, and phone number.
- Create and confirm a password. Set your communication preferences and opt-in for promotional content, if desired.
- Agree to the terms and conditions, privacy policy, and risk disclosure.
- You will receive an email confirming your account and completing the identity verification steps.
- Make a deposit using your chosen method to begin trading.
Login in FirstECN
Accessing your account is easy:
- Go to the FirstECN login page, enter your registered email and password, and click on ‘Sign in’. Use the ‘Forgot password’ option if necessary to reset your credentials.
Trading Platform available on FirstECN
FirstECN offers several robust platforms:
- Web Trading Platform: A full, flagship desktop trading experience.
- Mobile Application: Trading through it, possible anywhere anytime along with complete functions and real-time availability.
- TradingView Integration: With advanced charting technology, it offers sophisticated analytical capabilities to the trader.