Review summary
FirstBit is a retail forex broker operating for 5-10 years and registered in Dominica. According to WikiFX data, the entity's official business scope has been flagged as a Suspicious Scope of Business, and it holds no valid forex trading licenses from recognized regulatory authorities such as the FCA, ASIC, or CySEC. The broker's overall WikiFX Score is 1.52, reflecting an extremely low rating. Trading accounts are structured in tiers from Basic to Black Diamond, with minimum deposit requirements ranging from $250 to over $1 million and maximum leverage varying from 1:10 to 1:40. All account types permit scalping, hedging, and Expert Advisors. The platform maintains a functional software index score of 4.0, but operates without any formal regulatory oversight, which represents a significant absence of investor protection mechanisms typically required for mainstream forex trading. Investors should be aware that dealing with an unregulated offshore entity involves a fundamentally different risk profile compared to regulated brokers. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-09)
