Is it Legit or Scam?
FirstECN is regulated under the MWALI International Services Authority (MISA), which offers operational credibility. MISA regulatory status assures the legitimacy of the platform. Furthermore, it uses the latest encryption methods to secure customer data and transactions, emphasizing privacy and security.
Trading Conditions
Minimum Deposit
The minimum deposit at the platform starts from USD 250 to open a trading account. The platform lets beginners invest without requiring much capital outlay.
Minimum Spread
FirstECN offers competitive spreads starting from as low as 0.1 pips on major currency pairs. These variable spreads vary with market conditions. Low spreads highly attract those who aim to maximize their profit margins.
Leverage
FirstECN also amplifies the trades with a maximum leverage of 1:200. It helps users control larger positions with relatively small capital. However, leverage may enhance the potential profits but it may also multiply the losses.
Commissions
The commission structure of the platform is flexible and depends on the type of account. The basic accounts (Silver&Gold) offer minimal or even zero commissions however, the platinum accounts might charge commissions. This makes the platform cost-effective for traders who are mindful of transaction costs.
Account Types
FirstECN provides three account types to cater to diverse trading needs:
Silver Account:
- Leverage: Up to 1:200
- Minimum lot size: 0.01
- No spread discounts
Gold Account:
- Leverage: Up to 1:200
- 50% spread discount compared to the Silver Account
Platinum Account:
- Leverage: Up to 1:200
- 75% spread discount compared to the Silver Account
These options allow traders to choose an account type that aligns with their experience, trading volume, and cost preferences.
How to Open an Account in FirstECN?
Opening an account with FirstECN is a straightforward process:
- Visit the FirstECN site and click on "Open Account."
- Enter your name, e-mail address, and phone number.
- Create and confirm a password.
- Select your preferred way of communication and agree to their terms and conditions, as well as the risk disclosure policies.
- Identity verification will be required
- Fund an account using one of their preferred deposit methods to initiate trading.
Login in FirstECN
Logging into your FirstECN account is simple:
- Navigate to the login page on the FirstECN website.
- Enter your registered email and password.
- Click "Sign In."
- If you forget your password, use the "Forgot Password" option to reset it.
Trading Platforms
FirstECN offers trading platforms designed to meet the needs of every trader:
Web Trading Platform:
- Comprehensive desktop trading experience
- Sophisticated analytical tools
- User-friendly interface
Mobile Application:
- Full functionality of the desktop platform
- Live updates and push notifications
- On-the-go trading capabilities
TradingView Integration:
- Advanced charting and technical analysis tools
- Suitable for detailed market analysis
Deposits and Withdrawal
The different deposit and withdrawal options are bank transfers, credit and debit cards, and e-wallets. The platform offers quick deposits however, the withdrawal process can take upto three business days.
Customer Support
FirstECN boasts responsive, multi-language customer support. Any query from a trader can be received via live chat, email, or phone. Their support team is well-versed and trained to process queries efficiently and promptly. Contact details include:
Email: [email protected]
Phone: +815050506222
Conclusion
FirstECN trading platform has come forward as a reliable and credible broker. The platform offers a regulated trading system that provides versatility with unique features and advanced tools. However, traders should always exercise caution and consider the inherent risks associated with leveraged trading. FirstECN trading platform offers a simple trading process for traders with different experience levels.
If you are looking to grow in the international trading markets of CFD and forex, FirstECN can be your ideal choice.
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Comments (1)
High value trading platform for me. Worth attention and using it