First Global

First Global presents a high-risk profile for traders. Operating as First Global Securities Pvt. Ltd., the entity has a low overall WikiFX score of 1.57 out of 10, which is primarily driven by the complete absence of formal financial regulation. This significant lack of oversight is a critical consideration for any investor evaluating the platform's reliability. While the broker has been active for 5-10 years and has some software capabilities reflected in its score, the core security and licensing indices are nonexistent.

First Global is an unregulated entity. According to WikiFX data, it does not hold any verified, authoritative licenses from recognized financial regulatory bodies for forex trading. The broker is registered in India but operates without the oversight of regulators such as the Securities and Exchange Board of India (SEBI) for its forex activities. Investing with an unregulated broker carries inherent risks, as there is no formal authority to enforce compliance standards or protect client funds.

First Global has been operational for approximately 5 to 10 years. The broker is registered in India under the full name First Global Securities Pvt. Ltd. This operational history provides some background, but it is important to note that duration does not equate to safety, especially when considered alongside its unregulated status.