First Global Capitals is a trustworthy world brand best known for offering an large selection of trading platforms for forex and CFD traders. First Global Capitals is outstanding for copy trading, competitive for mobile, and generally in line with the industry average for pricing and research.
Overall
* Minimum Initial Deposit: $1000
* Trust Score: 93
* Tradeable Symbols (Total): 800+
Overall Summary
Features
Overall Rating: 4.5
Trust Score: 93
Offering of Investments: 4
Commissions & Fees: 4.5
Platform & Tools: 4.5
Safety of Funds: 4
Mobile Trading: 4.5
Is First Global Capitals safe?
Trust Score
93
First Global Capitals is considered low-risk, with an overall Trust Score of 93 out of 100. First Global Capitals is not publicly traded, does not operate a bank, and is authorized by two tier-1 regulators (high trust), one tier-2 regulators (average trust), and one tier-3 regulator (low trust).
Features
Year Founded
2020
Publicly Traded (Listed)
No
Bank
No
Tier-1 Licenses
2
Tier-2 Licenses
1
Tier-3 Licenses
1
Offering of investments
The following statement shows the various investment products available to First Global Capitals clients.
Features
Forex Trading
Yes
Tradable Symbols (Total)
800+
Forex Pairs (Total)
50
U.S. Stock Trading
No
Stock Trading
Yes
Social Trading / Copy Trading
Yes
Cryptocurrency (Physical)
No
Cryptocurrency (CFD)
Yes
Commissions and fees
First Global Capitals spreads are close to the industry average at just under one pip (0.9 pips), still are slightly higher than the spreads available on the entry-level accounts.
Feature
Minimum Initial Deposit
$1000
Average Spread EUR/USD – Standard
0.91 (Aug 2020)
All-in Cost EUR/USD – Active
0.61 (Aug 2020)
Active Trader or VIP Discounts
Yes
Execution: Agency Broker
No
Execution: Market Maker
Yes
About the broker
First Global Capitals is an global brokerage firm that has been giving services for trading and investment in currency and derivatives markets since 2019. They work in financial market, retail industry and provide services for private clients all around the globe. Their award-winning relationship program allows us to furnish high-quality services to customer all around the world in their native languages even in countries with no First Global Capitals offices.
Trading at First Global Capitals
Traders will appreciate the variety offered by the ECN Account (currency, CFDs on stocks, indices, commodities, metals), as well as the excellent trading conditions of Pro Account were designed to meet the requirements of the most demanding traders: tight spreads, high liquidity, immediate execution. Algorithmic trading is available on all accounts, including the possibility to create your own robots in XoH.
How long do withdrawals take?
Withdrawals at First Global Capitals take one to two business days, which is parallel to closely all forex broker. The withdrawal time can also vary depending on your chosen withdrawal method. It’s crucial that your account is up to date; even though you may have been approved and verified upon opening your account, your broker may ask you to provide an updated proof of ID and proof of address to process your request if considerable time has passed.
What is the minimum deposit to start trading here?
The minimum deposit at First Global Capitals is generally 100 units of currency, depending on the denomination of your account balance. For example, a USD account will have a $1000 minimum deposit whether you fund via wire or credit card. That said, First Global Capitals recommends you start with one to two thousand of your preferred base currency, with the EUR, GBP, AUD all supported as available options, for traders looking for the full experience across its products.
Is my money safe with this broker?
Yes, your money is as safe with First Global Capitals as it would be with any online broker that is globally regulated in top-tier jurisdictions and authorized to hold its client’s funds. First Global Capitals is trusted by over 300,000 customers with millions of dollars in deposits. There is always counter party risk, which is why you should only choose brokers that are well-capitalized, in addition to being highly regulated.
First Global Capitals segregates all client money from its own business funds. They are also Web Trust compliant and follows best practices to secure client information in terms of cyber security.
