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https://www.firstoptionfx.com/
Website
MT4/5 Identification
Full License
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
+971 582507418
More
First Option FX
First Option FX
United Kingdom
Pyramid scheme complaint
Expose
This exchange does not allow me to withdraw my profits
Firstoption floor tricked me into buying a bonus code to burn my account. When I asked, I said I didn't know. Called the hotline, they also said to look and lost.
It didn't verify my account so I couldn't withdraw, when I asked a lot of it, it said to buy a bonus code, after buying it, it burned up. When I called it, it said it never happened. told me to buy a weak account so it burned. It sounded spicy to me. I have all the information from the time I created the account and recharged it. Now it's blocked and changed Zalo so I think I lost 60 million. Hope admin consider the complaint Please help me. I sincerely thank a.
I got it to create a account according to cccd, which is Trinh Thi Hoan, but when it's done, it changes my account name to Trinh Thi Hoan so it can't be authenticated. Then it burned my account. When I self-GD and after it was burned. profit transaction 511& but it won't let me withdraw because it couldn't verify my account. Then it played cards to buy bonus code to burn my account. It held the handle so I had to bear it. My mistake was not verifying the deposit and withdrawal. I have already entered the money.So I was cheated.I hope that Admin will claim justice for me
The firstoption floor scams take money from investors. All information. I will continue to apply. Many people have been scammed by this floor.
The trick of the firstoption is to not authenticate the account so that the customer can't withdraw money. Then they burn the customer's account to eat the commission. As I know they burned 60 million, they got about 40 million. Now how to catch them everyone? I'll report it to the police
When you first start to invest in trial capital, withdraw $ 50, you can withdraw (as shown in Figure 1). Then enter real capital, play a profitable transaction, if you want to withdraw capital (as shown in Figure 1), wait forever to accepted. Then The Floor called to offer support to buy 2 bonus codes, withdraw money after MTFR (40 shares) and XPTUSD (2 shares). After following the instructions, my account immediately burned ( as shown in picture 2). Add a picture of my account before burned. (as shown in picture 3)
Firstoption floor deliberately did not verify my account so that I could not withdraw money. When I saw it took too long to ask them, they played cards and told me to buy a reward code. I refused because I did not have money to recharge. No reward. They told me to accept it and recharge later. Because my account is not authenticated, I can't argue with them. At around 2:30, he called and told me to come in and buy these 2 bonus codes. bought 40cp MTFR and 2.5 xptusd.f) when I pressed buy, I checked my account right away. I just fell back and my account was burned. I called Quan and he told me to buy those 2 codes. , then it said nothing can burn the account so it can check it and then disappear. Hope admin help me get my account back.
General Information & Regulation
First Option FX is allegedly a forex broker registered in China that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and variable spreads from 1.3 pips on the industry-standard MetaTrader5 trading platform, as well as a choice of three different live account types. Here is the home page of this brokers official site:
As for regulation, First Option FX says it is regulated with ASIC license No. 000123/456. However, it has been verified that the broker does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.08/10. Please be aware of the risk.
Market Instruments
First Option FX advertises that it offers access to a wide range of trading instruments in financial markets, including forex, indices, stocks, metals, cryptocurrencies and energies.
Account Types
Apart from demo accounts, First Option FX claims to offer three types of live trading accounts, namely LITE, Extra and Premium (VIP). The minimum initial deposit amount is $500 for the Extra account, while the other two account types (LITE, Premium (VIP)) have much higher minimum initial capital requirements of $2,000 and $10,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
A leverage ratio of up to 1:500 is offered by First Option FX, which is much higher than that provided by most brokers. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
First Option FX claims that different account types can enjoy quite different spreads. Specifically, the spread on the LITE account starts from 1.8 pips, the Extra account has spread from 2 pips, while only the Premium (VIP) account holders can enjoy the tightest spread from 1.3 pips. As for commissions, there is no commission on the LITE and Extra accounts, while the Premium (VIP) account will be charged a commission of $1 per lot.
Trading Platform Available
The platform available for trading at First Option FX is the worlds leading MetaTrader5. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
The minimum initial deposit requirement at First Option FX is said to be as high as $500. However, the broker says nothing about the acceptable deposit and withdrawal methods.
Customer Support
First Option FX‘s customer support can be reached MON - FRI, 9 AM - 5 PM by telephone: +1234567890, email: support@firstoptionfx.com or send messages online to get in touch. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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