ANSWER Firstradecfd is not a licensed or regulated broker even though it states offers that look good to be true. Firstradecfd claims to be operated by PX Fintech Limited, a licensed broker under multiple regulations including:1) The Australian Securities & Investment Commission (ASIC);2) The Financial Services Conduct Authority (FSCA) of South Africa;3) The United Kingdom Financial Conduct Authority (FCA).However, we did not find any match results to this broker in the above watchdogs' registries. Moreover, the Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Firstradecfd was not authorized to provide financial services. You can check the full warning from here.The truth is, Firstradecfd is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Firstradecfd and trade with licensed brokers
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