The Official Website Of First State Futures Is Currently Inaccessible. The Company Appears To Have Gone Out Of Business. Therefore We Can Only Collect Some Relevant Information For Reference Only .
2022-07-04 We Have Confirmed After Review That First State Futures Is An Unregulated Forex Broker
First State Futures Is Not A Reliable Broker For Traders, Despite The Fact That It Claims To Offer Clients Prices That Look Good. First State Futures Claims To Be Regulated By Multiple Regulators, Including:
1) The Indonesian Commodity And Derivatives Exchange (ICDX);
2) The Indonesian Commodity Futures Trading Regulatory Authority (Bappebti);
3) The Indonesian Clearing House (ICH);
4) The Jakarta Futures Exchange (JFX);
However, According To The Information We Have, None Of The Above Agencies Issue Foreign Exchange Operating Licenses Or Regulate Physical Companies That Provide Foreign Exchange Services And Products.
The Fact Is That First State Futures Is Not Subject To Effective Foreign Exchange Regulation By Any Regulatory Body. The Funds Invested By Investors In This Broker Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Broker.
Due To The Inability To Access The Broker's Website Now, We Cannot Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That First State Futures Does Not Currently Have Any Valid Licenses.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
NOTE: First State Futures As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
