First Securities
Basic Information
Pros and Cons
Pros
- Over 28 years of operational experience
- Diverse range of financial instruments
- Maximum leverage of up to 1:500
- Competitive spreads starting from 1.2 pips
- Regulated by the Financial Supervisory Commission of Taiwan
Cons
- Does not support popular trading platforms like MetaTrader
- No coverage under international compensation schemes
- Complaints about high service fees
- Concerns regarding withdrawal processes
- Average ratings in customer service and execution speed
Is First Securities Safe and Legit?
First Securities, registered in Taiwan since 1995, has over 28 years of operational experience. The broker offers a diverse range of financial instruments including forex, CFDs, commodities, and indices, with leverage up to 1:500 and competitive spreads starting from 1.2 pips, although it does not support popular platforms like MetaTrader. Regulatory oversight is provided by the Financial Supervisory Commission (FSC) of Taiwan, ensuring a degree of safety and legality, but it lacks coverage under international compensation schemes, which may raise concerns for some investors. Market reputation for First Securities indicates a generally positive user experience, with commendations for its diverse offerings and robust trading platform, although average ratings in customer service and execution speed suggest areas for improvement. User feedback highlights issues with high service fees and withdrawal processes, with some complaints regarding transparency and execution speeds, but overall reflects a balanced view of reliability and performance.
Is First Securities a Regulated Broker?
What Are the Regulatory Licenses Held by First Securities?
First Securities is registered in Taiwan and regulated by the Financial Supervisory Commission (FSC) of Taiwan. While this regulatory oversight provides a degree of safety and legality, it is important to note that First Securities does not hold any mainstream international licenses, nor does it have coverage under international compensation schemes. This may raise concerns for some investors regarding the extent of regulatory protection. The regulatory framework in which First Securities operates demonstrates its commitment to compliance within the local jurisdiction while also highlighting the limitations of its regulatory reach.
| Regulator Abbreviation | Full Name of Regulator | Regulated Company Entity | Regulatory Status | License Number |
|---|---|---|---|---|
| FSC | Financial Supervisory Commission, Taiwan | First Securities | Active | No Regulated Licenses |
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
Client funds at First Securities are held in independently regulated bank accounts, ensuring they are separate from the broker’s own assets. However, First Securities does not participate in any investor compensation funds or insurance schemes, which may raise concerns regarding the protection of client investments.
First Securities Leverage
First Securities offers a maximum leverage of up to 1:500 for its trading products, compliant with local regulatory requirements. This leverage is available for both retail and professional account configurations, aligning with the legal limits set by the Financial Supervisory Commission (FSC) of Taiwan.
First Securities Withdrawal Review
How to Contact First Securities?
Complaints regarding First Securities primarily focus on withdrawal processes, with users expressing concerns about high service fees and delays in execution. Credible sources of complaints include online trading forums and review platforms, where feedback indicates a balanced view of reliability and performance. The broker has been reported to experience some issues with transparency and execution speeds, and while there are instances of similar complaints, they do not appear to be large-scale or repetitive. There are no significant public complaints or regulatory penalties against First Securities, which suggests an overall positive user experience despite some areas for improvement.
Frequently Asked Questions
A1: Yes, First Securities is a legitimate broker registered in Taiwan since 1995 and regulated by the Financial Supervisory Commission (FSC) of Taiwan. However, it does not hold mainstream international licenses or compensation scheme coverage, which some investors may find concerning.
A2: Client funds at First Securities are held in independently regulated bank accounts, ensuring they are separate from the broker’s own assets. However, the broker does not participate in investor compensation funds or insurance schemes, which may raise concerns about the protection of client investments.
A3: Users have reported complaints regarding high service fees and delays in withdrawal processes at First Securities. Feedback from trading forums indicates issues with transparency and execution speeds, although these complaints do not appear to be large-scale or repetitive.
A4: First Securities is regulated by the Financial Supervisory Commission (FSC) of Taiwan, which provides a degree of safety and legality. However, it lacks coverage under international compensation schemes, which may limit regulatory protection for some investors.
A5: First Securities has received average ratings in customer service, suggesting there may be areas for improvement. While user feedback highlights a generally positive trading experience, there are recurring comments about execution speed and responsiveness in customer support.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.