Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

FIRMA

United Kingdom|5-10 years|
Suspicious Scope of Business|United Kingdom Payment License Revoked|Suspicious Overrun|High potential risk|

https://firmafx.co.uk/

Website

Rating Index

Contact

+1 780-426-4946
customerfeedback@firmafx.com
https://firmafx.co.uk/
10205 101 Street NW, Suite 400 Edmonton, AB, Canada T5J 4H5

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+1 780-426-4946

Broker Information

More

Company Name

FIRMA Foreign Exchange Corporation (UK) Ltd.

Company Abbreviation

FIRMA

Platform registered country and region

United Kingdom

Company website
Twitter
Facebook
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 5
Previous Detection : 2024-06-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • United KingdomFCA (license number: 541034) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
  • This broker exceeds the business scope regulated by United Kingdom FCA(license number: 541034)Payment services Non-Forex License. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

FIRMA · WikiFX Survey
Danger A Visit to FIRMA in UK -- Finding No Office
United Kingdom

Users who viewed FIRMA also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

FP Markets

8.88
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

STARTRADER

8.54
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

HFM

8.25
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4 Full License
Official website
Pyramid scheme complaint
Expose

FIRMA · Company Summary

Note: Firma and OFX have come together, integrating FIRMAs offerings with those of OFX.

FIRMA Review Summary
Registered Country/Region United Kingdom
Regulation FCA (Exceeded)
Market Instruments N/A
Trading Platforms N/A
Minimum Deposit N/A
Customer Support 24/7 Telephone: +44 207 614 4194 (Personal clients) and +44 207 614 4195 (Business clients), email: customer.service@ofx.com / dealers@ofx.com, Twitter, Facebook, Instagram, YouTube and Linkedin

What is FIRMA?

FIRMA, now integrated with OFX, continues to offer services to its clients. FIRMA provides guidance on transitioning FIRMA accounts to OFX accounts. If encountering issues such as inability to withdraw funds, you can refer to the relevant information provided on the website.

FIRMA's homepage

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
  • Security measures
  • FCA (Exceeded)
  • Integration with OFX
  • A report of unable to withdraw

Pros:

- Security measures: FIRMA prioritizes the protection of customers funds and personal data, ensuring transactions are conducted securely and mitigating the risk of fraudulent activities.

- Integration with OFX: With the integration with OFX, FIRMA customers gain access to a wider range of services and potentially better infrastructure for international money transfers.

Cons:

- FCA (Exceeded): The license FCA has been exceeded, suggesting that there has been a violation or breach related to a license agreement or limitation. It implies that the authorized usage or allocation permitted by a license has been surpassed or exceeded, possibly leading to legal or contractual repercussions.

- A report of unable to withdraw: There are reports from users about encountering scam-related issues and difficulties with withdrawals, indicating potential reliability and trustworthiness issues.

Is FIRMA Safe or Scam?

FIRMA asserts to provide protective measures, including maintaining a segregated sum of money in a separate bank account to correspond with the transfer to the recipient. Also, it also take security measures include passwords, multi-factor authentication (MFA), security questions, and automatic time-outs to fortify traders account's security.

protection measures

However, FIRMA operates beyond the business scope regulated by the Financial Conduct Authority (FCA) under Payment License Type: Non-Forex License (License Number: 541034). Therefore, if you're contemplating investing with FIRMA, thorough research is imperative to assess potential risks versus rewards before making any decisions.

exceeded FCA license

Account Transition

FIRMA offers steps to transit FIRMA account to OFX account:

- Transition Notification: Customers will receive an email notification informing them of their designated transition period. During this time, they will be provided with their new OFX Terms & Conditions.

- Account Set-Up: For those conducting transfers online, they are required to complete their OFX account set-up. This process involves setting a new password, updating bank payee details, and logging into their account.

- Readiness Confirmation: Upon successful completion of the account set-up, customers will be notified that their OFX account is now ready for use. They can log in to their account or contact their designated representative for further assistance.

Account Transition

User Exposure on WikiFX

On our website, you can see a report of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +44 207 614 4194 (Personal clients)

+44 207 614 4195 (Business clients)

Email: customer.service@ofx.com / dealers@ofx.com

Address: 4th Floor, The White Chapel Building,, 10 Whitechapel High St, London, E1 8QS

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, Instagram, YouTube and Linkedin.

Whats more, FIRMA provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information. The FAQ section aims to address common queries and concerns that investors may have regarding the company's services, processes, and investment opportunities.

FAQs

Conclusion

FIRMA, now integrated with OFX, offers a range of products and services tailored to meet the needs of individuals and businesses engaging in international transactions. FIRMA's commitment to security and regulatory compliance for traders. However, it license FCA has been exceeded.

Frequently Asked Questions (FAQs)

Q 1: Is FIRMA regulated by any financial authority?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at FIRMA?
A 2: You can contact via telephone: +44 207 614 4194 (Personal clients) and +44 207 614 4195 (Business clients), email: customer.service@ofx.com / dealers@ofx.com, Twitter, Facebook, Instagram, YouTube and Linkedin.

Risk Warning

Online trading involves significant 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 provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

2

Comments

Write a review

FX1494149797
more than one year
Sure thing, I've been using FIRMA for my international payments and currency needs and overall, it's been a pretty good experience. Transitioning to OFX was made easy by the team, and I dig how they kept all the perks of FIRMA intact. The tools they offer are useful, and I particularly like having 24/7 access to my operation history. Their customer service has also been on point. So yeah, if you're looking for a global payments solution that's easy to use and reliable, give FIRMA (and its OFX transition) a shot!
2024-02-23 15:15
Reply
0
0
lz
more than one year
They got one of the best customer services, unlike other brokers. FIRMA customer service answers any questions promptly and professionally. The platform looks very easy to navigate even for novice traders, you can easily find your way around.
2023-02-27 17:37
Reply
0
0
1
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong China

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com