First Class Forex Funds
We checked First Class Forex Funds against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
First Class Forex Funds claims to be an evaluation platform which is powered by Eightcap LTD. As per this claim, we contact the customer service of Eightcap to verify this info. Eightcap claims that First Class Forex Funds do use them as a broker, but this company is just a third party to Eightcap, which means Eightcap can not assure whether the company is regulated or not. Besides, First Class Forex Funds shows its company address is in the United States. As per United States law, US residents and citizens are only permitted to operate with CTFC- and NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulations issued by the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), will be allowed to solicit or approach US citizens. However, we did not find any match results to First Class Forex Funds in the above two regulatory bodies. The truth is, First Class Forex Funds is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report First Class Forex Funds.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.