FirstFX Club (Firstfxclub.com) is a brutal Forex broker scamming thousands of investors. One of their biggest lies is that they are one of the most accessible ways to become richer. This brokerage firm claims to offer innovative trading that has never been seen before. We conducted a thorough investigation to find out the truth about First FX Club. Read this detailed and honest review that reveals all the dirty tricks used.
Claiming to offer a variety of trading tools and profitable terms, we simply had to look into it. Profitable terms include tight spreads, bonuses and Islamic accounts. Members are also promised to have an account manager and auto chart programs. According to the website, FirstFX Club has one of the most dependable auto charts. Fact that it promises bonuses made us more interested since bonuses are not allowed.
If you are new at Forex trading, offering bonuses is strictly prohibited. They claim to offer a welcome bonus of around 30%. First FX Club also offers members 0% on all deposits. Newbies get 1:200 leverage that they claim is unmatched. You will also get spreads of 1.6 on all EUR/USD. With all these promises, we are sure that this is a scam in the making.
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Game Ads Capital is the company behind First FX Club. We were shocked as this company has been known to deal with scam brokers and platforms. Claiming to be based in the UK, this company is as shady as they come. Claims of the company being created in 2013 is a hoax meant to make it look legit. Note that this company is not registered anywhere on the face of the planet.
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We conducted thorough research and found out that Game Capital Ads is not registered. Our first stop in exposing this scam is with the registrar of companies. No records show that Game Ads Capital has been registered anywhere. It means that we are dealing with an unregistered entity which is quite dangerous. Members who deposit money with this company have no guarantee that their money is safe.
What’s funnier with FirstFX Club is that they don’t have live chat support. You would expect with this day and time; a Forex platform should have live chat support. First FX Club has no such thing. If you have a problem with the platform or need any assistance, you have to send an email. Problem with emails is that they can take over days to get a response.
Another alarming thing we noted was a disclaimer at the bottom of their homepage. Apparently, First Complete Ltd runs and operates FirstFX Club. We tried contacting them using their contact details and have had no response ever since. Afraid that we are dealing with a Forex scam, we decided to call them. Our calls were also unanswered and this means that developers want anonymity.
With all the many promises they claim to have; one alarming thing is that they there’s no known developer. How can they expect us to deposit our hard-earned cash to people we don’t know? Why do FirstFX Club want to remain anonymous? It’s clear that these people want to remain anonymous because they don’t want to be contacted. They simply don’t want victims or law enforcement to contact them.
If FirstFX Club was legit, they would at least have given us the name of one developer. A name of one owner of CEO of this company would have sufficed. Why would they not do this? It’s because they know that they are a fake Forex brokerage company. All FirstFX Club want is to get as many people to sign up and then shut down. This is what has been happening with scam Forex platforms. You should beware of such scam artists who promise heaven only to deliver hell.
FirstFX Club offers fake tight spreads. According to their website, they claim to offer highly competitive spreads. Another claim they sell to us is that they try to reduce the cost of trading. How they reduce the cost of trading is beyond us. They claim that these tight spreads bring both short- and long-term ROI. Problem with this statement is that there’s no way we can confirm this.
No member has come up and claimed to have won with FirstFX Club. In fact, only claims we have seen are complaints from people who deposited with this fake broker. Ladies and gentlemen, don’t be easily fooled by a Forex broker site because of empty promises.
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According to FirstFX Club website, members can use different platforms with FirstFX Club. You can use a web platform, desktop and mobile platform. Problem with their two last platforms was download. We simply could not download their desktop and mobile platform. No one knows why this is as download stopped at 32%. It only means that their platform is down and unstable.
One way of noting scam from a mile away is the platform used. If the platform only works on the web platform and not on other devices, it’s a scam. We are sure that First FX Club is a scam in the making. No one can claim otherwise. How can we trust such a Forex platform that doesn’t work? No way this is going to happen.
First FX Club offers members four different account types. Members can choose standard account, classic account, gold account or premium account. Minimum deposit starts at $250 for standard, $2500 for classic, $20,000 for gold and $50,000 for premium. With the last two accounts, you are promised to get VIP manager and a direct telephone line.
Folks, this FirstFX Club is just scammers trying to widen their net. They want to catch as many people as possible before shutting down. You should not fall victim to such a scheme. One fake claim is that you will get personal reports on the stock market. You can also get reports on the stock market for free. You don’t have to be a Premium account holder to get this service.
We have no doubt that we are dealing with a scam. FirstFX Club is a scam that you should be aware of. With all the evidence produced, we have no doubt that scammers are behind this trading platform. Stay away from it.
Due to the huge pile of evidence that we produced, we have no other option but to blacklist FirstFX Club. We also urge all Forex investors to shy away from this platform. Don’t be easily scammed as we have exposed the lies behind First Club FX.
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