Is First Ratio Limited a scam? Can investors invest with confidence?

Company Name: First Ratio Limited
Company Website: https://www.first-ratio.com/#/

Company Introduction: First Ratio Limited was registered on March 15, 2021, in Hong Kong. The company registration address published on its official website is 11th Floor, Room 32, Lee Ka Industrial Building, 8 Wu Fong Street, San Po Kong, Kowloon, Hong Kong. According to its official website, First Ratio Limited's office address is located in Thailand at 228/74, The Ricco Town Watcharapol, Ruam Mit Phattama Road, Tha Raeng Sub-district, Bang Khen District, Bangkok, 10220, Thailand.

Domain Registration Date: According to information found via a WHOIS search, this broker's domain name was registered on July 23, 2021. As of the date of this article, the broker's domain registration is less than 3 years old.

Business Scope: The official website shows that First Ratio Limited provides CFD trading services for forex, crude oil, precious metals, indices, etc.

Trading Software: First Ratio Limited uses the MT5 trading platform to provide services to its investors.

Regulatory Body: According to information published on First Ratio Limited's official website, this broker claims to be regulated by the United States' NFA (National Futures Association). However, a check on the NFA's official website reveals that this broker is not an NFA member and has not been subject to any supervision from NFA. Furthermore, the claimed NFA registration date is March 21, 2023, less than 6 months ago. This broker is suspected of false advertising and fabricating regulatory oversight. Investors are advised to exercise caution when choosing this broker's services.

Website Language Support: First Ratio Limited's official website supports English, Chinese, Japanese, Korean, Thai, Vietnamese, and 12 other languages.

Trading Conditions/Costs: The broker has set a minimum deposit threshold of $1000, with leverage up to 400:1, the smallest trading lot size of 0.01, and customer service available 24/7.

Account Types: First Ratio Limited offers two types of accounts: a Raw Spread Account and a Commission-Free Standard Account.

Contact Information: The broker has published WhatsApp, email, and phone contact information.

Company Staff and Social Media Exposure: Trade Encyclopedia was unable to find any information about First Ratio Limited's employees or news reports on publicly accessible networks.

Summary: First Ratio Limited is a brokerage accused of fabricating regulatory information. Despite having access to MetaTrader software, the company's website is of poor quality, and its domain registration is less than 2 years old. Furthermore, no information about the company can be found on public social media. In conclusion, First Ratio Limited is not a trustworthy broker, and investors should exercise caution before using its services. There is a high possibility that this company is fraudulent. Please be cautious with your personal financial security.