ANSWER BrokersView strongly advises you to avoid First Invest Capital. It is not a reliable brokerage. On the contrary, it is an illegal firm that operates without any regulation or oversight.First Invest Capital lacks information regarding its regulatory status. It is a red flag. Typically, legitimate ones should prominently disclose their accreditation and licensing data to ensure transparency. As such, the absence of such information may suggest that it is a scam.What's more, the German Federal Financial Supervisory Authority (BaFin) has launched an investigation into First Invest Capital. According to this German authority, First Invest Capital and the services it is offering are not authorized and therefore carry significant risks. You can refer to here for the full BaFin warning.Therefore, First Invest Capital is an unlicensed broker that poses substantial risks of fraud and identity theft. Without regulatory oversight, individuals dealing with the platform are vulnerable. They may not be able to retrieve their funds or get compensation if any violation occours. To avoid such risks, it is advisable to choose a fully regulated broker instead.
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