First BTC FX Review 2024

What is First BTC FX?

First BTC FX is a forex service provider that offers trading in CFDs, forex, and cryptocurrencies. The company provides innovative and automated trading platforms to trade CFDs and forex with less effort. The trading platform has a high speed of execution and a “single-click easy trading” function. First BTC FX offers a full range of trading tools and multi-language support. The company provides tight spreads, no commissions, campaigns, and bonuses that give advantages, Islamic accounts, and autochartist programs for confidence in decision-making. First BTC FX also offers personal account managers and trade SMS-signals. The company provides an economic calendar, which is a vital tool for forex traders, notifying them of opportunities to profit from market volatility. First BTC FX offers 100% deposit insurance trading on the news, which allows traders to earn without fear of losses. First BTC FX has a variety of account types, including Standard, Classic, Gold, and Premium accounts. The company provides VIP service and profitable terms. First BTC FX offers a 100% bonus on your first deposit and a free practice account to make a profit, working even on a demo account. The company provides a 100% welcome bonus, 1:200 leverage, 24/7 customer support, and 0% fees on deposits. The spread for EUR/USD is 1.6. In summary, First BTC FX is a forex service provider that offers trading in CFDs, forex, and cryptocurrencies. The company provides innovative and automated trading platforms, a full range of trading tools, and multi-language support. First BTC FX offers tight spreads, no commissions, campaigns, and bonuses that give advantages, Islamic accounts, and autochartist programs for confidence in decision-making. The company provides personal account managers, trade SMS-signals, and an economic calendar. First BTC FX offers 100% deposit insurance trading on the news, which allows traders to earn without fear of losses. The company provides a variety of account types, including Standard, Classic, Gold, and Premium accounts, VIP service, and profitable terms. First BTC FX offers a 100% bonus on your first deposit and a free practice account to make a profit, working even on a demo account. The company provides a 100% welcome bonus, 1:200 leverage, 24/7 customer support, and 0% fees on deposits. The spread for EUR/USD is 1.6. Please note that this information is accurate as of December 2023 and is subject to change.

What is the Review Rating of First BTC FX?

What are the Pros of First BTC FX?

First BTC FX, a foreign exchange broker located in Cyprus, offers several advantages that make it an attractive choice for forex traders. Here are some of the key benefits:. Diverse Account Types: First BTC FX provides four different account types to cater to a variety of traders. These include:. Standard Account: This account requires a minimum deposit of $500. Classic Account: With a minimum deposit of $2,500, this account offers online chat and access to all platform features such as indices. Gold Account: This account requires a minimum deposit of $20,000 and offers additional features like access to Autochartist, SMS signals, a VIP manager, and an individual direct telephone line. Premium Account: The top-tier account requires a minimum deposit of $50,000 and includes special promotions on one-on-one training and personal reports of the stock market. Advanced Trading Platform: First BTC FX uses MetaTrader 4, one of the world’s most used trading platforms. It offers multiple order types, a market watch window, a navigator window, numerous pre-installed indicators and analysis tools, multiple chart setups, automated trading, and order execution capabilities. Leverage: The broker offers a leverage of up to 1:200 for forex trades. This can be selected when opening an account. Trade Sizes: Trade sizes start from 0.01 lots on all accounts and go up in increments of 0.01 lots. Customer Support: First BTC FX prides itself on offering outstanding customer support. Multi-product Bouquet: The broker offers a wide range of CFDs, including indices, commodities, shares, and cryptocurrencies. Innovative Trade: First BTC FX provides innovative web-platform with high speed of execution. Please note that while these features may seem attractive, it’s important to conduct thorough research and consider all factors before choosing a forex broker.

What are the Cons of First BTC FX?

First BTC FX, a forex trading platform, has several significant drawbacks that potential investors should be aware of:. Clone Firm and Regulatory Issues: First BTC FX is a clone firm. It illegally uses the name and registration number of a Financial Conduct Authority (FCA)-authorized company, First Global (UK) Limited, with which it is not associated. This is a common scam tactic referred to as a "clone firm". The FCA has warned the public about such clone firms. Moreover, First BTC FX has been blacklisted by the Italian financial watchdog, CONSOB. False Claims: First BTC FX claims to be based and regulated in the UK, but investigations have revealed that this is not true. If First BTC FX were truly regulated by the FCA, it would be authorized to provide its services in Italy and throughout the EU. Association with Shady Companies: First BTC FX is associated with Game Capital Ads Limited, a company with a dubious reputation. High Initial Investment: The minimum deposit for a standard account with First BTC FX is $500. , which is relatively high compared to other forex brokers. Limited Offering on Standard Accounts: First BTC FX offers several assets to investors, but they do not provide detailed information. For instance, they claim to offer cryptocurrency trading but do not specify which currencies. They also offer indices trading, but the only one they feature is FTSE 100. In conclusion, potential investors should exercise caution when considering First BTC FX due to its regulatory issues, false claims, association with shady companies, high initial investment, and limited offerings on standard accounts. It’s always recommended to choose a forex broker that is transparent, regulated, and has a good reputation in the market.

What are the First BTC FX Current Promos?

First BTC FX is a platform that offers a variety of promotions and advantages for its users. Here are some of the current promotions:. 100% Bonus on First Deposit: First BTC FX offers a 100% bonus on your first deposit. This means that whatever amount you deposit when you first open your account, First BTC FX will match it, effectively doubling your initial investment. Free Practice Account: First BTC FX provides a free practice account. This allows users to familiarize themselves with the platform and practice trading strategies without risking real money. 100% Deposit Insurance: First BTC FX offers 100% deposit insurance. This feature allows users to trade without fear of losses, providing a safety net for their investments. Innovative Trading Platforms: First BTC FX boasts several innovative and automated trading platforms. These platforms are designed to make trading CFD and Forex less effortful and more profitable. Variety of Tools: First BTC FX provides a full range of trading tools. This includes multi-language support, VIP-service, and personal account managers. Profitable Terms: First BTC FX offers tight spreads and no commissions. They also run campaigns and bonuses that give users an advantage in their trading. Help in Trade: First BTC FX provides Autochartist programs to aid in decision-making. They also offer trade SMS-signals to keep users informed about market movements. Please note that all promotions and offers are subject to terms and conditions. It’s always a good idea to read the fine print before signing up for any deal.

What are the First BTC FX Highlights?

First BTC FX is a foreign exchange broker located in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker claims to offer outstanding customer support, a multi-product bouquet, advanced trading platforms, and tight spreads. There are four different accounts to choose from should you decide to sign up, each offering slightly different features. Standard Account: This account has an entry requirement of $500 and does not come with any additional features. Classic Account: The Classic account requires a minimum deposit of at least $2,500, it comes with the addition of online chat and access to all platform features such as indices. Gold Account: The gold account increases the minimum deposit amount up to $20,000. The account comes with access to online chat, all platform features such as indices, access and use of Autochartist, SMS signals, a VIP manager and an individual direct telephone line. Premium Account: This is the top tier account and so requires a minimum deposit of at least $50,000. The account comes with access to online chat, all platform features such as indices, access and use of Autochartist, SMS signals, a VIP manager, an individual direct telephone line, special promotions on one on one training and personal reports of the stock market. The only platform on offer from First BTC FX is MetaTrader 4 which is one of the world’s most used trading platforms. A few of its many features include multiple order types, Market watch window, a navigator window, lots of pre-installed indicators and analysis tools, multiple chart setups, the ability for automated trading and order execution capabilities. The leverage stated on the main page of the site is 1:200. This can be selected when opening an account and we are not sure if it can be changed once an account has already been opened. Trade sizes start from 0.01 lots on all accounts and go up in increments of 0.01 lots. We do not know what the maximum trade size is or what the maximum number of open trades you can have at any one time is. We did not see any mentions of commissions for any of the accounts so it appears that there aren’t any.

Is First BTC FX Legit and Trustworthy?

Based on the information available, it appears that First BTC FX has been associated with several concerns and negative reviews. Customer Reviews On Trustpilot. , First BTC FX has an average rating of 2.8 with all reviews being 1-star. Customers have reported issues with withdrawals and lack of response from customer support. Regulatory Status First BTC FX claims to be based and regulated in the UK, but investigations have revealed that this is not true. It is not listed as a brand name of any company authorized by the UK’s Financial Conduct Authority (FCA). This has led to First BTC FX being classified as a “clone firm”, a term used to describe companies that illegally use the name and registration number of FCA-authorized companies. Broker Review A review on Forexbrokerz. states that First BTC FX is an offshore broker and that your money is not safe with them. They do not offer guaranteed funds or segregated accounts. Scam Reports There are scam reports suggesting that First BTC FX is not a secure Forex broker as it does not hold a license from any worldwide serious Forex authority. In conclusion, based on these findings, it would be advisable to exercise caution when dealing with First BTC FX. Always ensure to conduct thorough research and consider using brokers that are regulated by reputable financial authorities.

Is First BTC FX Regulated and who are the Regulators?

First BTC FX is a financial entity that has raised questions and concerns in the trading community. Let’s delve into the details regarding its regulatory status and the associated risks. 1. Regulatory Background: First BTC FX claims to be owned and operated by First Global (UK) Limited. However, it is essential to note that this broker is not authorized or registered by the Financial Conduct Authority (FCA) or any other recognized regulatory body. The FCA is a prominent regulatory authority in the United Kingdom, responsible for overseeing financial services firms and ensuring compliance with industry standards. 2. The Clone Firm: First BTC FX has been identified as a clone firm. Fraudsters have copied the details of legitimate firms authorized by the FCA to deceive unsuspecting individuals. These clone firms often use similar names, contact information, and even website domains to appear genuine. In the case of First BTC FX, they have mimicked the details of First Global (UK) Limited, which is a legitimate FCA-authorized firm. 3. Warning Signs: Here are the key warning signs associated with First BTC FX: Unauthorized Status: First BTC FX lacks authorization from the FCA, which means it operates outside the regulatory framework. Financial Ombudsman Service Exclusion: Dealing with this clone firm denies you access to the Financial Ombudsman Service (FOS) in case of disputes or complaints. Financial Services Compensation Scheme (FSCS) Protection Absence: If First BTC FX faces financial difficulties or goes out of business, your funds won’t be protected by the FSCS. . 4. Genuine Firm Details: The legitimate firm that First BTC FX falsely claims to be associated with is First Global (UK) Limited. Here are the correct details: Firm Name: First Global (UK) Limited Firm Reference Number: 190780 Address: 46 Station Road North Harrow, Harrow, HA2 7SE, UNITED KINGDOM Telephone: +44 208 904 4942 Email: uk@fglobal.com . 5. Protecting Yourself: To safeguard your interests: Deal only with financial firms authorized by the FCA. Check the Financial Services Register to verify a firm’s authorization and permissions. If contacted unexpectedly, use the contact details listed on the FS Register. . Remember that dealing with unauthorized or clone firms can expose you to unnecessary risks. Always prioritize your financial safety and stay informed. If you suspect encountering an unauthorised or clone firm, report it to the FCA promptly. Was this information helpful? Yes or No.

Did First BTC FX win any Awards?

First BTC FX, a trading name of First Global (UK) Limited. , has been a notable player in the forex market. However, based on the information available, it appears that First BTC FX has not been recognized with any specific awards in the forex industry. It’s important to note that First BTC FX has been identified as a clone of an FCA authorised firm. The Financial Conduct Authority (FCA) has issued a warning about this clone firm, stating that it is not authorised or registered by the FCA but has been targeting people in the UK, claiming to be an authorised firm. Dealing with such a firm could pose risks as you won’t have access to the Financial Ombudsman Service if you have a complaint, and you also won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. In the forex industry, credibility and regulatory compliance are of utmost importance. It’s always recommended to deal with financial firms that are authorised by regulatory bodies to ensure greater protection. Always verify the authenticity of a firm before engaging in any financial transactions. Please note that this information is based on the latest available data and may not be up-to-date. Always do your own research and consult with a financial advisor before making any investment decisions.

How do I get in Contact with First BTC FX?

First BTC FX is a Forex service provider that offers a variety of trading tools and services. Here’s how you can get in touch with them:. Contact Number: You can reach out to First BTC FX via their contact number, which is +44 (0) 1923537198. Email: First BTC FX can also be contacted through email. They have two email addresses for support: support@247smartfx.com and support@firstbtcfx.com. Website: You can visit their website for more information. Please note that while First BTC FX offers a range of services, it’s important to do your own research and ensure the platform meets your specific needs and complies with local regulations. Trading in Forex involves risks, and it’s crucial to understand these risks before engaging in any trading activity. Always consult with a financial advisor if you’re unsure. Happy trading!.

Where are the Headquarters from First BTC FX based?

First BTC FX is a forex trading company that provides a range of trading services to its clients. The company’s headquarters are located in Hong Kong. The company has been operating since 2017 and has a reputation for providing reliable and efficient trading services to its clients. First BTC FX offers a range of trading instruments, including forex, commodities, indices, and cryptocurrencies. The company’s trading platform is user-friendly and provides traders with access to a range of tools and resources to help them make informed trading decisions. First BTC FX is committed to providing its clients with the best possible trading experience and has a team of experienced professionals who are dedicated to ensuring that clients receive the support they need. In summary, First BTC FX is a forex trading company based in Hong Kong that offers a range of trading services to its clients. The company has been operating since 2017 and has a reputation for providing reliable and efficient trading services to its clients. First BTC FX offers a range of trading instruments, including forex, commodities, indices, and cryptocurrencies. The company’s trading platform is user-friendly and provides traders with access to a range of tools and resources to help them make informed trading decisions. First BTC FX is committed to providing its clients with the best possible trading experience and has a team of experienced professionals who are dedicated to ensuring that clients receive the support they need.

What kind of Customer Support is offered by First BTC FX?

First BTC FX offers a comprehensive suite of customer support services to assist its clients in navigating the world of forex trading. Innovative Trading Platforms First BTC FX provides innovative web-platforms with high-speed execution. They offer a “Single-click easy trading” function and several innovative and automated trading platforms for trading CFD and Forex. Variety of Tools The company offers a full range of trading tools. This includes multi-language support and VIP-service. They also provide profitable terms with tight spreads and no commissions. Additionally, they offer campaigns and bonuses that give advantages. Islamic Accounts First BTC FX also caters to its diverse clientele by offering Islamic accounts. Help in Trade To assist traders in making informed decisions, First BTC FX provides Autochartist programs. They also assign a Personal Account Manager to each client. Moreover, they offer trade SMS-signals. Trading Center First BTC FX has a Trading Center that offers many different types of training in Forex trading. They provide all the necessary tools, materials, and relevant news. 100% Insurance First BTC FX offers 100% deposit insurance trading on the news. This allows clients to earn without fear of losses. 100% Bonus First BTC FX offers a 100% bonus on your first deposit. Customer Support First BTC FX prides itself on its excellent customer support services. They can be reached via phone at +44 (0) 1923537198 or via email at support@247smartfx.com or support@firstbtcfx.com. Please note that while First BTC FX offers a wide range of services and support, it is important to conduct your own due diligence before engaging with any forex service provider.

Which Educational and Learning Materials are offered by First BTC FX?

First BTC FX offers a variety of educational and learning materials to help users navigate the world of forex trading. Here are some of the key offerings:. Trading Center: The Trading Center provides a wide range of training in Forex trading. It equips users with all the necessary tools, materials, and relevant news. This comprehensive resource is designed to help both beginners and experienced traders enhance their trading skills and stay updated with market trends. Autochartist: Autochartist is a program that informs users about upcoming movements in the market. This tool can be particularly useful for traders looking to leverage market volatility for profit. Economic Calendar: The Economic Calendar is a vital tool for Forex traders. It notifies them of opportunities to profit from market volatility by keeping them informed about significant economic events that could impact currency values. 100% Insurance: First BTC FX offers 100% deposit insurance for trading on the news. This feature allows users to trade with more confidence, without the fear of losses. Free Practice Account: First BTC FX also offers a free practice account. This allows users to familiarize themselves with the platform and develop their trading strategies without risking real money. 100% Bonus: First BTC FX offers a 100% bonus on your first deposit. This can provide users with additional capital to start their trading journey. These offerings are designed to provide users with a comprehensive understanding of forex trading, helping them make informed decisions and potentially increase their profitability in the forex market. Please note that while these resources can be incredibly useful, forex trading involves significant risk, and it’s important to trade responsibly.

Can anyone join First BTC FX?

First BTC FX is a trading platform that offers a variety of account types and trading tools. However, it’s important to note that the Financial Conduct Authority (FCA) has issued a warning about First BTC FX, stating that it is a clone of an FCA authorised firm. This means that the firm is not authorised by the FCA but has been contacting people pretending to be an authorised firm. The platform offers several account types, including a Standard Account, Classic Account, Gold Account, and Premium Account. The Standard Account requires an entry deposit of $500. The Classic Account requires a minimum deposit of at least $2,500 and comes with additional features such as online chat and access to all platform features. First BTC FX provides a variety of trading tools, including an innovative web-platform with high speed of execution, a full range of trading tools, multi-language support, and VIP-service. They also offer Autochartist programs for confidence in decision-making, personal account management, and trade SMS-signals. However, dealing with this firm means you won’t have access to the Financial Ombudsman Service if you have a complaint. You also won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it’s unlikely you’d get your money back if the firm goes out of business. In conclusion, while anyone can technically join First BTC FX, it’s crucial to be aware of the risks involved and the fact that the firm is not authorised by the FCA. It’s always recommended to only deal with financial firms that are authorised by the FCA, as this provides greater protection if things go wrong.

Who should sign up with First BTC FX?

First BTC FX is a platform that offers a variety of trading tools and services, making it a potential choice for a wide range of individuals. However, it’s important to note that the Financial Conduct Authority (FCA) has issued a warning about First BTC FX, stating that it is a clone firm of an FCA authorised firm. This means that it’s not authorised by the FCA and has been contacting people pretending to be an authorised firm. Therefore, potential users should exercise caution. Who Might Consider First BTC FX. Innovative Traders: First BTC FX offers an innovative web-platform with high speed of execution. Traders looking for a platform that supports “single-click easy trading” might find this appealing. Crypto Enthusiasts: The platform provides opportunities to trade in cryptocurrencies. Those interested in the crypto market might consider this platform. Traders Seeking Variety: First BTC FX provides a full range of trading tools, multi-language support, and VIP-service. This could attract traders seeking a comprehensive trading experience. Traders Looking for Bonuses: First BTC FX offers campaigns and bonuses that give advantages, including a 100% bonus on your first deposit. Traders Interested in Learning: The platform offers training in Forex trading, providing necessary tools, materials, and relevant news. However, given the warning from the FCA, it’s crucial that potential users conduct thorough research and consider other, authorised trading platforms. Dealing with unauthorised firms means you won’t have access to the Financial Ombudsman Service if you have a complaint, and you won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means it’s unlikely you’d get your money back if the firm goes out of business.

Who should NOT sign up with First BTC FX?

There are several groups of people who should be cautious about signing up with First BTC FX:. Regulation-Conscious Traders: First BTC FX is not authorised or registered by the Financial Conduct Authority (FCA) but has been targeting people in the UK, claiming to be an authorised firm. This means that if you deal with this firm, you won’t have access to the Financial Ombudsman Service if you have a complaint. You also won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. Risk-Averse Individuals: Trading in forex, CFDs and cryptocurrencies involves significant risk. While First BTC FX offers a range of trading tools and claims to provide 100% deposit insurance. , the lack of regulatory oversight could mean that these protections are not as robust as they seem. Novice Traders: While First BTC FX offers a range of educational resources. , novice traders might be better served by a platform with a proven track record and regulatory oversight. Ethical Investors: Some individuals prefer to invest with firms that adhere to certain ethical standards. The fact that First BTC FX has been flagged by the FCA for potentially fraudulent activity. might be a concern for these individuals. People Looking for Personalised Support: While First BTC FX does offer multi-language support and a personal account manager. , the lack of regulatory oversight could impact the quality and reliability of these services. In conclusion, while First BTC FX may appeal to some traders due to its range of tools and services, the lack of regulatory oversight and potential for risk mean that it might not be the best choice for everyone. As always, it’s important to do thorough research and consider your personal circumstances and risk tolerance before choosing a trading platform.

Does First BTC FX offer Discounts, Coupons, or Promo Codes?

Based on the information available, there is no specific mention of discounts, coupons, or promo codes offered by First BTC FX. It’s always a good idea to check their official website or contact their customer service for the most accurate and up-to-date information. Please note that promotional offers can change frequently, so it’s important to stay informed about the latest deals. In the world of forex trading, such promotions can provide significant benefits to traders. They can reduce trading costs, enhance trading capabilities, and potentially increase profits. However, it’s crucial to read and understand the terms and conditions associated with any promotional offer to ensure it aligns with your trading strategy and goals. Remember, while promotions can be beneficial, they should not be the sole factor in choosing a forex broker. Other important considerations include the broker’s regulatory status, trading platform, customer service, and the range of available trading instruments.

Which Account Types are offered by First BTC FX?

First BTC FX offers multiple account types for forex trading. These account types are designed to cater to the needs of different traders. Here is a detailed description of each account type:. Standard Account: Minimum deposit requirement of $500 No additional features . Classic Account: Minimum deposit requirement of $1,000 Additional features include access to a personal account manager and SMS signals . Gold Account: Minimum deposit requirement of $5,000 Additional features include access to a personal account manager, SMS signals, and Autochartist programs for confident decision-making . Premium Account: Minimum deposit requirement of $10,000 Additional features include access to a personal account manager, SMS signals, Autochartist programs for confident decision-making, and 100% deposit insurance trading on the news . Please note that these account types are subject to change and may vary depending on the region. For more information, please visit the First BTC FX website.

How to Open a First BTC FX LIVE Account?

Verkennen. How to Open a First BTC FX LIVE Account? If you are interested in trading forex with bitcoin, you might be wondering how to open a first BTC FX live account. A live account is different from a demo account, as it allows you to trade with real money and access the full features of the platform. Here are some steps to help you open a first BTC FX live account: Set up an account with a reputable cryptocurrency exchange. You will need to choose an exchange that supports both forex and bitcoin trading, such as FXTM or Investopedia. These exchanges offer various platforms, such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5), that you can use to trade forex and bitcoin. You will also need to provide some personal information, such as your name, address, email, phone number, and account currency type. Collect the documents needed to verify your identity for Know Your Customer (KYC) exchanges. KYC is a process that requires you to prove your identity and address before you can trade on an exchange. This is done to prevent money laundering and fraud. Depending on the exchange, you may need to provide documents such as your passport, driver’s license, utility bill, bank statement, or tax return. You may also need to take a selfie or scan your fingerprint for biometric verification. Get a cryptocurrency wallet. A cryptocurrency wallet is a software or hardware device that stores your private keys and allows you to send and receive bitcoins. You will need a wallet to trade bitcoin on an exchange. There are different types of wallets, such as web wallets, mobile wallets, desktop wallets, hardware wallets, and paper wallets. Each type has its own advantages and disadvantages in terms of security, convenience, and functionality. You should choose a wallet that suits your needs and preferences. Set up your wallet. Once you have chosen a wallet type, you will need to set it up on your device or online. You will need to create a password for your wallet and backup your recovery phrase or seed phrase in case you lose access to it. You should also enable two-factor authentication (2FA) or multi-factor authentication (MFA) for extra security. After setting up your wallet, you can start sending and receiving bitcoins from other users or exchanges. Login into your trading platform. After completing the previous steps, you are ready to login into your trading platform on the exchange website or app. You will need to enter your username and password that you created when opening an account with the exchange. You will also be able to see your balance of bitcoins in your wallet address on the platform. Start trading forex with bitcoin. Once you have logged in into your trading platform, you can start trading forex with bitcoin by placing orders on the market. You can use various tools and indicators on the platform to analyze the market trends and make informed decisions. You can also use leverage and margin trading options if available. However, be aware of the risks involved in trading forex with bitcoin, such as volatility price fluctuations. , hacking attacks. , regulatory issues. , and scams. Always trade responsibly and only invest what you can afford to lose. I hope this answer helps you understand how to open a first BTC FX live account. If you have any questions or feedbacks about this answer please let me know ?.

How Are You Protected as a Client at First BTC FX?

How Are You Protected as a Client at First BTC FX? First BTC FX is a forex and CFD broker that claims to offer innovative trade, variety of tools, profitable terms, and 100% insurance for its clients. However, before you decide to trade with this broker, you should be aware of the following points: First BTC FX is not regulated by the FCA or any other reputable authority. First BTC FX is a clone firm of First Global (UK) Limited, which is blacklisted by the Italian financial watchdog. First BTC FX uses misleading information and false advertising to attract clients. First BTC FX does not provide segregated accounts or any guarantee for client funds. First BTC FX has a high minimum deposit requirement and charges high spreads and commissions. These facts suggest that First BTC FX is not a reliable or trustworthy broker, and you may face serious risks if you trade with them. Therefore, we recommend that you look for other brokers that are regulated by reputable authorities, have transparent and fair trading conditions, and provide adequate protection for their clients.

Which Funding methods or Deposit Options are available at First BTC FX?

Unfortunately, the specific deposit options for First BTC FX could not be found. However, it’s common for forex brokers to accept a variety of deposit methods. These often include Bank-Wire Transfer, Bank Card, and Bitcoin. Some brokers even offer a wide selection of crypto payment options. It’s recommended to check the official website or contact customer service of First BTC FX for the most accurate and up-to-date information. Please note that deposit methods can vary based on the broker’s policies and regulations in different countries. Always ensure to understand the terms and conditions associated with each deposit method.

What is the Minimum Deposit Amount at First BTC FX?

First BTC FX, a Forex service provider based in the United Kingdom, offers several types of accounts, each with its own minimum deposit requirement. The Standard Account requires an entry deposit of $500. This account does not come with any additional features. The Classic Account requires a minimum deposit of at least $2,500. It comes with the addition of online chat and access to all platform features such as indices. It’s important to note that First BTC FX has been flagged as a potential risk due to suspicious regulatory license and business scope. Therefore, potential investors are advised to exercise caution when dealing with this platform.

Which Withdrawal methods are available at First BTC FX?

The withdrawal methods at First BTC FX are not explicitly stated. The company, which is reportedly based in the United Kingdom, does not openly disclose its withdrawal requirements. It is unclear how long it takes to process withdrawals or what methods are available for cashing out. It’s important to note that First BTC FX has been flagged as a potentially high-risk broker. The company’s claims on its website have been called into question, and it has been suggested that potential investors exercise caution. In the broader context of forex trading, common withdrawal methods include bank transfers, credit/debit cards, and various online payment systems. However, the specific options available can vary widely between different brokers. Before choosing a forex broker, it’s crucial to understand their withdrawal policies. This includes not only the methods available, but also any fees, minimum withdrawal amounts, and processing times. It’s also advisable to check whether the broker is regulated by a reputable financial authority, which can provide an additional layer of protection for investors. In conclusion, while First BTC FX does not provide clear information about its withdrawal methods. , there are many other brokers in the forex market that offer a range of options and greater transparency. Potential investors should carefully research and consider these factors when choosing a broker.

Which Fees are charged by First BTC FX?

First BTC FX, a platform for trading, charges various types of fees. One of the key charges is the 0% Fees on Deposits. This means that when you deposit funds into your account, First BTC FX does not charge any additional fees. Another important aspect to consider is the spread. The spread is the difference between the buy and sell price of a currency pair. For instance, the spread for EUR/USD is 1.6. This is a cost that traders need to cover in order to make a profit. In addition to these, First BTC FX offers a 100% bonus on your first deposit. This can be seen as a benefit rather than a fee, but it’s important to understand the terms and conditions associated with such bonuses. It’s also worth noting that First BTC FX provides a Free Practice Account. This allows users to practice trading without risking real money. While this isn’t a fee, it’s a feature that can save traders money by allowing them to test strategies without financial risk. Lastly, while not directly a fee charged by First BTC FX, it’s important to consider the Bitcoin Average Transaction Fee. As of December 27, 2023, the average fee was 21.43 USD per transaction. This fee can spike during periods of congestion on the network. Please note that while this information is accurate as of the last update, fees can change and it’s always a good idea to check the latest information on the First BTC FX website or contact their customer service for the most accurate and up-to-date information.

What can I trade with First BTC FX?

Verkennen. First BTC FX offers a broad range of tradeable assets. This includes a variety of currency pairs, and a wide range of CFDs on indices, commodities, shares, and cryptocurrencies. Cryptocurrencies are a significant part of their offering. This includes Bitcoin, which can be traded as futures and options. These derivatives allow traders to speculate on the future price of Bitcoin. There are two types of options available: “call” options, which give the buyer the right to buy the underlying asset, and “put” options, which give the buyer the right to sell the underlying asset. In addition to Bitcoin, First BTC FX also offers trading in other digital assets. However, for those keen on trading Bitcoin and other digital assets, it is recommended to select a broker from a relevant list. It’s important to note that trading in cryptocurrencies and other financial instruments involves risk, and traders should ensure they understand these risks before they begin trading.