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First Option FX Review – Scam or Reputable?
First Option FX is one of the international stock forex brokers. Although it is still quite young, the exchange has been attracting the attention of a large trading community. From trading accounts, diverse investment portfolios, accompanied by the most modern trading platform. Bringing users the most advantages when making transactions at the exchange.With its advantages, First Option FX is an international stock forex broker. Is it worth Vietnamese investors investing here? Follow the First Option FX review below to understand more about this forex floor.
What is First Option FX?
First Option FX is a forex and CFDs broker. Currently, the floor has been licensed by the UK Securities and Investment Commission with license number No.14035989First Option FX offers its clients the opportunity to trade hundreds of popular products. Including: forex, indices, stocks, metals, cryptocurrencies and energies. Aim to serve all customer needs to the maximum. First Option FX always strives to develop its trading conditions and platform. To help investors effectively analyze investment strategies.
In addition, customers' money will be absolutely confidential in a separate bank account. Thanks to the floor's customer protection policies. Investors can completely rest assured about deposits at the exchange. Not only that, the floor is also a member of the Financial Committee fund. Based on these factors, we consider this to be a trustworthy exchange.
During operation. First Option FX has won a number of prestigious awards in the market. Include:
Best mobile trading app provider award 2019 awarded by European CEO Magazine.
Best ECN forex broker award 2020 in the UK forex market.
Best trading conditions provider award 2021 awarded by Forex Magazine.
And some other awards.
Is First Option FX reputable?
It can be said that First Option FX is a trading floor that is still quite new in the Vietnamese market. So information about this trading floor is not very popular among investors. This has made it difficult for investors to find out more information about the floor. Understand the needs of investors. So we decided to share and review First Option FX in the most detailed way. From there, consider whether this trading platform is suitable and trustworthy for investors to choose or not.As mentioned above, First Option FX is licensed by the UK Securities and Investments Commission with license number No.14035989. To obtain this license, First Option FX had to comply with a series of strict rules set forth by that agency or organization. If any violation is discovered, the license will be revoked immediately.
Trading account at First Option FX
First Option FX offers 3 main types of trading accounts. All three types of accounts differ mainly in deposit amounts and fees. The following is detailed information about each type of First Option FX account:Lite account
This is an account type for traders who are just starting to participate in the market. This account requires a minimum deposit of 2,000 USD with leverage up to 1:100 and is commission free.
Extra account
This account also offers zero commissions with very low spreads and instant order execution.
Premium account (Vip)
This premium account is great for investors looking for a Raw Spreads account. However, this account requires a minimum deposit of 10,000 USD and a leverage ratio of up to 1:300.
Modern advanced trading platform
First Option FX offers investors a trading experience with the MetaTrader 5 platform. This platform is designed specifically for investors. It provides a friendly interface, along with high flexibility and improvisation capabilities.
It can be said that the MT5 platform is the most loved and used. Because MT5 software has integrated sophisticated order management tools to help traders control transactions quickly and effectively.
Customer care
Currently, First Option FX's customer service team is supporting many different languages. Including Vietnamese. Investors will have all their questions answered promptly and quickly.The customer service team's working hours are from Monday to Friday and work from 9am to 5pm. If you need support, investors can contact the floor via email or call the floor's hotline directly.
Above is all the detailed information about the First Option FX trading floor. When participating in trading on the floor, investors will have access to experience new transactions. Furthermore, the floor also applies negative balance protection policies. So investors can completely rest assured to trade here.
The biggest minus point of the floor is that there are no attractive promotions to attract more attention from traders. Hopefully, through this article, investors will have a better overview of First Option FX and make their own final decisions.
