FirstECN Review Overview
FirstECN (Nakito SA) was established in 2024 and is registered at Bonovo Road, Fomboni, Comoros (registration HT00324015). Its cited license is from the Mwali International Services Authority (BFX2024050). Japanese-language support by email and phone began in 2024.
| Specification | Detail |
|---|---|
| Operating Company | Nakito SA |
| Established | 2024 |
| License Cited | Mwali International Services Authority (BFX2024050) |
| Platform | TradingView-based web trader |
Accounts and Conditions
FirstECN offers Silver, Gold, and Platinum accounts, all at 1:200 leverage with a 0.01-lot minimum. The tiers differ by discounts: Gold gets 50% off spreads and 40% off swaps, and Platinum 75% off spreads and 60% off swaps. Stop-out is 5%. The minimum withdrawal is about $50.
| Specification | Detail |
|---|---|
| Silver | Standard spreads and swaps |
| Gold | 50% off spreads, 40% off swaps |
| Platinum | 75% off spreads, 60% off swaps |
| Stop-Out Level | 5% |
Instruments and Platform
FirstECN lists over 300 instruments across forex, metals, energy, commodities, indices, shares, bonds, ETFs, and crypto. It runs only on a TradingView-based web trader; MT4 and MT5 are not supported.
Pros and Cons
| Pros | Cons |
|---|---|
| 300+ instruments including bonds and ETFs | Offshore Comoros/Mwali license only |
| Tiered spread and swap discounts | Established only in 2024 |
| TradingView-based web trader | No MT4 or MT5; unusually low 5% stop-out |
Is FirstECN a Broker Worth Considering?
FirstECN’s instrument range and tier discounts are attractive on paper, but its offshore-only license, short history, and single-platform model are notable limitations. Readers should verify details independently and confirm current terms on its site.
FAQ
- Is FirstECN regulated?
- It cites a Mwali International Services Authority license (Comoros), which is offshore.
- Does FirstECN support MT4 or MT5?
- No, only a TradingView-based web trader.
- What is the maximum leverage?
- 1:200.
- When was FirstECN established?
- 2024.
