ANSWER Since Investor First Trade is an unauthorized firm on the blacklist of a financial regulatory body, we strongly suggest you avoid it.Investor First Trade pretends to be registered with the Financial Conduct Authority (FCA) under FRN 01875832. But this is not a license number in the FCA database. It is actually a company number from the Companies House (CH) that belongs to Investor First Limited. This is a real firm that was authorized by the FCA before, but the Investor First Trade at investorfirst.trade is an impostor of it. In other words, Investor First Trade is a fraudulent platform that uses the information of a genuine firm to look legit. To warn the public about the scam, the FCA has issued a warning against Investor First Trade.The bottom line is that Investor First Trade has no regulatory oversight. Investing with this broker is very dangerous, as there are no legal safeguards for the investors' funds. To protect their interests, investors are advised to choose a fully regulated broker instead.
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