Introduction
FirstECN forex broker is a new trading platform known for extensive trading services globally. The platform caters to traders worldwide. This FirstECN review discusses the key elements of the platform, like regulations, account types, platforms, and customer support.
Lastly, we will be able to determine whether the platform is credible or comes with additional risks during investment.
Security and Regulation
FirstECN is a regulated trading platform that operates transparently and ensures industry standards of security. Features like encryptions and safe payments enhance security. The overall transparency has enhanced legitimacy.
The FirstECN forex trading platform is known for its security and regulatory features. It provides a seamless trading process based on legal standards to boost confidence. The platform is regulated by MISA (MWALI International Services Authority) under License BFX2024050.
It is registered in Comoros, KM under Comoros Union with registration number HT00324014.
Lastly, it provides features like KYC and AML to protect user data and funds.
Market Instruments
FirstECN trading platform provides multiple assets to invest. This helps traders build a diverse portfolio for easier trading that meets different needs. The major assets are:
Forex
The platform allows traders to invest in multiple FX currency pairs.
Commodities
Traders can invest in agricultural and natural resources. It includes gold, silver, crude oil, and natural gas. This allows you to invest without physically holding the assets.
Indices
Indices offer market exposure to the trader. It helps identify the market movement.
Stocks
Traders can analyze the stock movements by investing in major shares from global industries.
Cryptocurrencies
FirstECN offers access to global digital currencies. Traders can invest in digital currencies without holding the currency.
Trading Conditions
Minimum Deposits
FirstECN trading accounts require a low minimum deposit for a smooth trading process. This allows beginners and low-budget traders to invest accordingly.
Minimum Spreads
The platform provides lower spreads, which start from as low as 0.1 pips on basic accounts.
Leverage
The platform provides leverage up to 1:200. This allows investors to enhance their positions based on experience and risk tolerance.
Spreads and Commissions
FirstECN forex broker provides variable spreads depending on the account type and trading asset. The platform charges low commissions on its silver accounts. The commission-based accounts provide lower-spread trading. This allows traders to choose based on their cost preferences and trading styles.
Account Types
FirstECN accounts come in a range of three different types. The variety of accounts allows traders to choose the one that suits their trading preferences, budget, and needs.
Silver Accounts
The platform provides access to silver trading accounts for low-budget and minimum-experienced investors. The account charges swap fees and commissions while trading.
Gold Account
Gold accounts are designed for traders with better experience. Traders can invest in multiple trading assets with leverage up to 1:200.
Platinum Account
The account offers swap discounts and low-commission trading. With platinum accounts, traders can invest without worrying about additional charges.
Demo Account
FirstECN demo accounts are not available yet. However, these demo accounts provide beginners with opportunities to practice trading styles without risking real funds.
How to Open an Account?
FirstECN login and account creation is a straightforward process.
Step 1: Visit the official FirstECN website. Find the option to open an account on the website and click on it.
Step 2: Fill in the required information in the form, and select a preferred account type.
Step 3: Complete the verification by the OTPs received by mail or sms for trading.
Step 4: Add money to your trading account after the verification.
Step 5: You can start investing in preferred trading assets available on the platform.
Trading Platform
FirstECN trading broker is easily accessible on any internet-connected device and mobile application. The broker’s mobile application enhances the trading process.
Traders also get access to TradingView charting technology. This tool allows analyses of the market using technical indicators and charts.
Withdrawal and Deposits
FirstECN broker offers multiple payment methods, through cards, bank transfers, and e-wallets. It charges low fees, for an affordable trading process.
Deposits at FirstECN are done instantly whereas, the withdrawals may take over 1-3 business days.
Customer Support
FirstECN Customer Support includes knowledgeable and responsive members. This reflects its commitment to excellent service.
Emails
The platform offers email support via support@FirstECN.com. Here you can mail to address technical and trading issues.
Calls
The platform provides support through phone calls. Traders from around the globe can easily connect with FirstECN customer service at +815050506222.
Contact Forms
The platform provides feedback forms at the platform. These forms can be easily filled to raise tickets.
Conclusion
FirstECN is a trustworthy trading platform. It offers low spreads, multiple account options, and dedicated customer support. The platform provides traders with the resources to operate smoothly in the markets. It is regulated by financial authorities and offers transparency.
Overall, FirstECN forex broker is a credible trading platform that provides a strong and secure trading environment.
FAQs
Is FirstECN regulated?
Yes, FirstECN comes under industry regulatory guidelines to provide a safe trading environment.
What are FirstECN’s minimum deposit requirements?
The minimum deposit varies for account types, with basic options for beginners.
Does FirstECN charge a commission on trades?
Commissions depend on the type of account. Silver accounts might charge swap fees whereas platinum accounts provide lower swap fees with a small commission.
Can I invest with FirstECN using a mobile device?
Yes, FirstECN is compatible with iOS and Android devices.
FirstECN withdraw process?
Withdrawals can be completed within 1-3 business days. This depends on the different payment methods.
Does FirstECN offer a demo account?
No, there is no demo account available on the platform for beginners.
Is FirstECN customer service is good?
Customer support at FirstECN is available 24/5, so support at weekends is limited.
Is FirstECN safe?
FirstECN offers encryption and two-factor authentication to protect user accounts.
How to open an account in FirstECN?
To create a FirstECN account, you can easily do that directly from the official FirstECN web platform.
