Firstgaininvestments is a financial platform offering CFD trading for foreign exchange, stocks, indices, futures, precious metals, energy, and cryptocurrencies. The platform claims to be registered in the UK and offers various investment account options, but there are numerous doubts about its authenticity.
Company Background
Firstgaininvestments claims to be a UK-registered financial company with registration number 10263501 and 23 years of financial trading experience. However, upon inquiry, the company with registration number 10263501 is actually CRYPTOX LTD, which is facing dissolution. The "ABOUT US" page on the official website claims the platform was registered in Australia since 2013, but this historical introduction is completely copied from TMGM's website, lacking independent evidence.
Domain Registration Information
The official domain of the platform (firstgaininvestments.com) was registered on December 19, 2023, which is clearly inconsistent with the company's claimed history.
Trading Products and Services
Firstgaininvestments offers CFD trading for foreign exchange, stocks, indices, futures, precious metals, energy, and cryptocurrencies. The website indicates spreads starting from 0 points, maximum leverage of 1:500, and a minimum deposit of $1,000. The platform offers four account types: BRONZE PACKAGE, SILVER PACKAGE, GOLD PACKAGE, and PREMIUM PACKAGE. Each account type has different minimum deposit requirements ranging from $1,000 to $115,000.
Account Types
The platform offers the following account types:
- BRONZE PACKAGE: Minimum deposit of $1,000, maximum deposit of $9,999, supports short-term and long-term investments, base currency is USD, offers IT support, referral bonuses, and hedge trading.
- SILVER PACKAGE: Minimum deposit of $10,000, maximum deposit of $29,999, supports short-term and long-term investments, base currency is USD, offers IT support, referral bonuses, and hedge trading.
- GOLD PACKAGE: Minimum deposit of $30,000, maximum deposit of $114,999, supports short-term and long-term investments, base currency is USD, offers IT support, referral bonuses, and hedge trading.
- PREMIUM PACKAGE: Minimum deposit of $115,000, no maximum limit, supports long-term investments, base currency is USD, offers IT support, referral bonuses, and hedge trading.
Trading Software
The official website of Firstgaininvestments does not display information about the trading software it offers. Users can only register and trade through a self-developed web-based trading system. The platform does not disclose detailed features of the trading platform, making it difficult for investors to assess their user experience.
Deposit and Withdrawal Methods and Fees
The platform does not disclose the supported deposit and withdrawal methods, nor does it reveal processing times or whether fees are charged. Lack of transparency increases the risk to fund safety.
Agent Policy and Educational Resources
Firstgaininvestments does not provide cooperative agent policies or any trading educational resources, lacking fundamental professionalism and investor support.
Regulatory Information
The platform claims to be regulated by Australia (ASIC) and Vanuatu (FSC). However, the Australian regulatory number 436416 provided by the platform belongs to the registered entity of TMGM, and the Vanuatu regulatory entity also belongs to TMGM. This information suggests that the regulatory information provided by the platform is not truthful, and it may not have genuine regulatory qualifications.
Company Address
Firstgaininvestments claims its company address is located at 71-75 Shelton Street, Covent Garden, London. However, the UK Companies House database shows that among the many companies registered at this address, there is no record of Firstgainvestments, further questioning the platform's authenticity.
Corporate Staff
The website lists some staff information, such as Kimberly Gram (CEO) and Selena M Sancho (Finance Manager), but upon verification, these staff details are identical to those of the fraudulent platform Legal Fx Trades Mining, using publicly available photos, showcasing a lack of genuine corporate background.
Website Traffic and Design
According to Semrush data, the official website of Firstgaininvestments has a monthly average visits of less than 100, indicating almost no users. Additionally, the platform uses a design template similar to many fraudulent companies, such as Apex Brokerage, HorizonCapitalMarket, etc., suggesting that this platform is likely a mass-produced fraudulent platform.
User Reviews and Brand Exposure
There are no user reviews or news articles about Firstgaininvestments on public networks. This lack of brand exposure further increases the platform's suspicious nature.
