First-Trade Information
First-Trade is a creative financial company based in Denmark. It features a fully automated trading bot named “first-trade bot” which came into live live since January 4th, 2023 and trades non-stop 24/7. The robot starts trading with a minimum of $50 and does free trading last for two months per trade.
Except for cryptos, first-trade bot also trades a vast range of other products, including 400+ assets, FX majors & minors, and equities, and more.
Nontheless, it's noteworthy that the company currently operates under no valid regulation from any authorities.
Pros and Cons
Is First-Trade Legit?
First-Trade is not regulated by any financial authorities so far, which you should take into consideration before tapping into real trades with them, since lack of regulation usually means less financial security and customer protection.
What Can I Trade on First-Trade?
First-Trade differentiates itself with traditional financial company or exchanges with an artificial intenligence based trading bot. The bot is programmed into the First-Trade App and handles transactions and trades on behalf of traders. Traders mainly make money with this company via two methods: trade cryptocurrency or earn passive income through the company's referral program.
Except for cryptos, First-Trade claims their trading bot also trades a vast range of other products, including400+ assets, FX majors & minors, and equities, and more.
When you are trying fresh things like First-Trade, always comply to the rule of investment safety.
Investment Plan
First-Trade offers four trading plans with the automatic trading bot, each plan with different starting capital, reinvestment time and trading duration. You can choose the one most suitable for you basing on your financial capacity and prospective returns.
If you are a beginner, you can start with the “Starter Plan” with the initial investment amount from $50, the bot trades on your behalf for 12 hours and you will have 4 reinvestment opportunities with this plan.
Since the Starter Plan has an investment limit of $499, you can go further to “Vital Plan” if you have enough money. In this plan, you need to deposit at least $500 and the upper limit is $3,999. Automate trade duration will extend to 24 hours but you are only allowed to reinvestment 3 times.
The highest “Infinite Plan” with investment range $10,000 to infinite is designed for high-net-worth investors who expect higher profits while accepts same level of risks. They can reinvestment 10 times with trade duration in 72 hours by the trading bot.
Such tiered structured plans covers a wide range of traders with different capitals and experience levels. The good part is that there's no high barriers for withdrawal, you can withdraw from $5 only.
However, always bear in mind that no investment is totally risk-free. Though the company claims 100% ROI and promises tiered profit percentage for each plan, you should still be vigilant and manage your investment strategy carefully to avoid huge losses.
Customer Support
First-Trade's website is available in more than 50 languages, which is an advantage to broaden its client scope.
But the company can only be reached via phone, office address and social media. More immediate choices like phone or live chat are not readily available yet. People who care about quick response and comprehensiveness should pay attention to this.
The Bottom Line
First-Trade is an innovative financial company who allows 100% automate trade 24/7 by its “first-trade bot”. You can start small at $50 with their investment plans to try something new and adventrous but need to pay attention to the downsides of the company. The company is not regulated by any authorities and does not disclose engouth information on its trading conditions. If you are a serious trader and plan to investment large funds, learn about the company comprehensively and weight the pros and cons before commiting real money.
FAQs
Is First-Trade safe?
Hardly to say, First-Trade is not regulated by any recognized authorities so far, which makes it a less safe choice.
Is First-Trade good for beginners?
Yes, beginners can test water with only $50 with this company.
Is First-Trade good for day trading?
Yes, First-Trade allows 24/7 trading automaticly by its own trading bot.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
