First Shanghai
Basic Information
Pros and Cons
Pros
- Regulated by Hong Kong’s SFC
- Wide range of market instruments
- Reliable customer service
- Positive feedback on withdrawal processes
- Operational experience of over 20 years
Cons
- Limited information on fee structures
- Lack of demo accounts
- Occasional complaints regarding service availability
Is First Shanghai Safe and Legit?
First Shanghai, officially known as First Shanghai Futures Limited, is registered in Hong Kong since 1964 and has over 20 years of operational experience. The broker offers a wide range of tradable instruments including Hong Kong stocks, B-shares from Shenzhen and Shanghai, futures, and commodities, with services such as margin financing and IPO subscriptions.
First Shanghai operates under the regulatory oversight of the Hong Kong Securities and Futures Commission (SFC), holding a valid license (No. AGK583), which assures clients of its legal and safety standards in financial operations.
In the market, First Shanghai is generally viewed positively, noted for its reliable customer service and transparent operations. User feedback indicates satisfaction with withdrawal processes and overall service quality, although there are occasional complaints regarding the availability of comprehensive fee structures and demo accounts.
Is First Shanghai a Regulated Broker?
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
Client funds at First Shanghai are held in independently regulated bank accounts, separate from the broker’s own assets, in compliance with the Hong Kong Securities and Futures Commission (SFC) regulations. This segregation of client funds enhances the security of investments and assures clients of their safety.
First Shanghai Leverage
First Shanghai offers leverage that complies with local regulatory requirements set by the SFC. The maximum leverage multiples are structured to differentiate between retail and professional account configurations, ensuring that all client classifications are considered within the legal limits established by the relevant authorities.
First Shanghai Withdrawal Review
How to Contact First Shanghai?
First Shanghai, generally viewed positively in the market, has received occasional complaints primarily regarding the availability of comprehensive fee structures and demo accounts. Client feedback highlights satisfaction with withdrawal processes, indicating that issues are not prevalent. Credible sources of complaints include user reviews and feedback forums. The broker addresses complaints promptly, maintaining a responsive customer service approach. There are no significant public complaints or large-scale issues reported, and First Shanghai has not faced any regulatory penalties or warnings, reinforcing its status as a legitimate and safe trading option.
Frequently Asked Questions
A1: Yes, First Shanghai Futures Limited is a legitimate broker, regulated by the Securities and Futures Commission (SFC) of Hong Kong. It holds a valid license (No. AGK583), ensuring compliance with legal and safety standards in financial operations.
A2: Client funds at First Shanghai are held in independently regulated bank accounts, separate from the broker’s own assets, in compliance with SFC regulations. This segregation enhances the security of investments and assures clients of their safety.
A3: First Shanghai generally receives positive feedback regarding its withdrawal processes, with clients indicating satisfaction. While there are occasional complaints about the availability of fee structures, withdrawal issues are not prevalent.
A4: You can contact First Shanghai by phone at +852 2522 2101. Their office is located at 19/F, Wing On House, 71 Des Voeux Road Central, Central, Hong Kong.
A5: First Shanghai operates under the oversight of the Hong Kong Securities and Futures Commission (SFC) and holds a valid license that provides assurance regarding the security of client investments and compliance with regulations.
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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.