Firstinvest.uk has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to MyFastBoot.net. We’ve received over 4 complaints against Firstinvest.uk.
The Financial Conduct Authority (FCA) has recognized Firstinvest.uk as an unregulated online investing company that targets UK clients without necessary license. This absence of regulation exposes investors to significant dangers, including fraud, with no legal remedy. Low transparency, unreliable ratings, and payment concerns are all red flags. Investors should avoid Firstinvest.uk to protect their money.
If you’ve lost money or have had a bad experience with Firstinvest.uk, you can work with an investigative agency. They can provide you with the help you need:
Key Takeaways
Is Firstinvest.uk Regulated? Do They Have a License?
Firstinvest.uk is an online investing company that has recently come under fire for a number of worrisome issues, most notably its lack of regulatory status and the risks it poses to potential investors.
The Financial Conduct Authority (FCA), the UK’s financial regulator, has issued a formal warning to Firstinvest.uk. The company is neither authorized or registered with the FCA to provide financial services in the UK. Despite this, there are signs that Firstinvest.uk is actively pursuing UK individuals without the required regulatory approvals. This raises serious issues for anyone considering investing on the platform, given it does not adhere to UK financial standards.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Firstinvest.uk might be a scam or most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Firstinvest.uk, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Firstinvest.uk
As an unregulated organization, Firstinvest.uk does not provide investors with the critical protections that licensed financial institutions do. For example, clients will be unable to resolve complaints or disputes through the Financial Ombudsman Service. Furthermore, if the company fails, investors will not be protected by the Financial Services Compensation Scheme (FSCS), leaving no safety net to recover lost funds in the case of collapse.
Several more red flags have been identified. The company has an anonymous website that provides very little information about its legal status or ownership, adding to the secrecy surrounding its operations. Furthermore, although claiming to be situated in the United Kingdom, the company lacks the required FCA licensing, hurting its legitimacy. Online user reviews also point to the risk of fraudulent conduct, with many describing the platform as a scam.
While Firstinvest.uk portrays itself as a legitimate financial organization that empowers individuals and businesses, the lack of regulatory license, combined with several red flags, casts serious doubt on its authenticity. Investors should exercise great caution and avoid dealing with Firstinvest.uk, as doing so may result in the loss of their entire money with no legal recourse or protection.
However, it’s worth noting that many forex scams disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, shady forex brokers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
Victims can get help from a specialized investigation agency that can look into the scam for them. Contact our recommended agency here.
Firstinvest.uk Customer Service: Do They Handle Complaints Well?
When it comes to forex brokers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, shady brokers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Shady brokers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Firstinvest.uk Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Even if Firstinvest.uk might not be a scam, brokers like them rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust the online Firstinvest.uk reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Firstinvest.uk, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like Firstinvest.uk enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Firstinvest.uk reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Firstinvest.uk.
You should always look out for consumer complaints. In the case of Firstinvest.uk, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Firstinvest.uk? You can share your complaint in the comment section or submit an anonymous tip.
Is Firstinvest.uk Legit Or a Scam?
Firstinvest.uk is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Firstinvest.uk can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Firstinvest.uk?
All the evidence suggests that Firstinvest.uk might be a scam. You shouldn’t risk your funds with a broker you don’t fully trust.
If you’ve experience in dealing with this company or a similar one, we recommend working with a trusted investigative agency. That way, you can get professional help and resources.
Frequently Asked Questions
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How Forex Scams Work
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
