Score

4.2/5

Min Deposit

$250

Min Spread

Variable

Regulation

MISA

Max Leverage

1:200

Positive Ratings
80%
Neutral Ratings
15%
Negative Ratings
5%

 

AspectInformation
Registered Country/AreaComoros
Founded YearNot Specified
Company NameFirstECN
RegulationMISA (MWALI International Services Authority)
Demo AccountYes
Minimum Deposit250$
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 Broker Overview

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

Account types on 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?

Open an Account in FirstECN

Opening an account with FirstECN is straightforward:

  1. Go to the FirstECN website and click on ‘Open Account’. Enter personal details such as name, last name, email, and phone number.
  2. Create and confirm a password. Set your communication preferences and opt-in for promotional content, if desired.
  3. Agree to the terms and conditions, privacy policy, and risk disclosure.
  4. You will receive an email confirming your account and completing the identity verification steps.
  5. Make a deposit using your chosen method to begin trading.

Login in FirstECN

Login at 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.
  • FirstECN is regulated by MISA, providing a secure trading environment.
  • Offers low spreads and up to 1:200 leverage, enhancing trading potential.

 

  • Lacks comprehensive educational content for beginners.

Deposits and Withdrawal

FirstECN accepts different deposit and withdrawal options such as bank transfers, credit/debit cards, and e-wallets. There are no general deposit fees, and withdrawals are processed within three business days. The system ensures that transactions are processed promptly to ensure that funds are managed quickly and securely.

If you can check out similar brokers like this one, you can check out SmartSTP, Capitalix and FXRoad.

Customer Support

Customer Support of FirstECN

FirstECN is very proud of the high quality customer support. Support is available by email at support@FirstECN.com and via phone at +815050506222. The support is very responsive, can handle the issues promptly, and supports a number of languages for international users.

Conclusion

FirstECN can be rated as a reliable and efficient trading platform appropriate both for a novice and professional trader. It offers a secure, regulated environment integrated with extremely competitive conditions of trading on different markets like forex and CFD markets. Different types of accounts are designed according to different needs and trading styles and hence cater to diverse clients. The platform is advanced trading tools and customer support response, which will make for a seamless trading experience. If you are looking at a forex broker that delivers accessibility with excellence, then FirstECN is a promising choice that promises to not only support but also strengthen your trading journey effectively.

FAQS

What financial markets does FirstECN offer for trading?

FirstECN offers trading in Forex, cryptocurrencies, metals, and CFDs.

How do I open an account with FirstECN?

Register by visiting the FirstECN website, clicking on ‘Open Account’, filling out your details, and following the verification process.

What is the minimum deposit at FirstECN?

The minimum deposit at FirstECN is $250.

What types of customer support does FirstECN provide?

FirstECN is available to support their clients via email and phone with multilingual support on all client queries.

What kind of leverage can be had at FirstECN?

The available leverage at FirstECN is up to 1:200, though the leverage varies depending on the type of account and the market.

How can I fund my FirstECN account?

You can use bank transfers, credit/debit cards, and e-wallets for account funding.

Does FirstECN have a mobile trading app?

Yes, FirstECN has the ability to trade through a mobile trading app. The client can access all features while on the move just as he would with the main desktop platform.

Does FirstECN have education or other resources available to newly opening traders?

Yes, FirstECN will offer education tools for learning fundamentals and more sophisticated trading methodologies.