Score
Taiwan
|
5-10 years
| https://www.firstsec.com.tw/EN/
Website
Rating Index
Influence
B
Influence index NO.1
Taiwan 7.40
LicensesLicensed Entity：第一金證券
License No. Unreleased
Single Core
1G
40G
1M*ADSL
Taiwan
firstsec.com.tw ftsi.com.tw
VIP is not activated.
| First Securities Review Summary | |
| Founded | 2016-07-25 |
| Registered Country/Region | Taiwan |
| Regulation | Unregulated |
| Market Instruments | Equities, Derivatives, and Fixed-Income Securities |
| Customer Support | (02)2563-6262 |
| 0800-538-080, (02)2511-0801 | |
| service@firstsec.com.tw | |
First Securities, also known as First Securities Inc., is a significant player in the financial services industry. Headquartered on the 4th floor of No. 22, Section 1, Chang'an East Road, Taipei, offers a wide range of financial services. The company can be reached via telephone at (02)2563 - 6262, and its customer service numbers are 0800 - 538 - 080 and (02)2511 - 0801. It has a diverse business portfolio, including brokerage, underwriting, financing services, financial consulting, stock affairs agency, and trading of financial products like derivatives and fixed-income securities.
| Pros | Cons |
| Regulated | Limited information on fees and leverage |
| Diversified financial services | Lack of transparency in certain aspects |
| Outstanding underwriting performance | |
| Convenient contact services |
First Securities appears to be a legitimate financial institution, which is regulated by the Taipei Exchange and the license number is Unreleased. It engages in regulated financial activities such as underwriting and brokerage, and these activities are supervised by regulatory authorities in Taiwan.
First Securities offers stocks, and you can trade domestic listed securities, including the stocks of various companies listed on the Taiwan Stock Exchange (TWSE) and the Taipei Exchange (TPEX). It also provides derivatives and fixed-income securities, including proprietary bond trading, proprietary convertible bond trading, bond repo trading, as well as the underwriting and marketing of other fixed-income products.
The pros of trading with First Securities include its wide range of financial products, such as equities, derivatives, and fixed-income securities, making it suitable for diverse investment strategies. The platform is regulated by TPEX, which provides some level of security for local traders. However, the cons include the lack of global regulation and transparency, especially with the "Unreleased" regulatory license number. The platform’s fee structure is also not entirely clear, which could make it difficult for traders to assess costs upfront. Furthermore, its limited international presence may not appeal to global traders.
The available information does not specify any hidden fees for bond trading with First Securities, but it is important to note that the platform does charge commission fees for bond transactions. For domestic bonds, the fee structure is based on the transaction value, with a commission of 1.045% for amounts under 1 million yen. For foreign bonds, additional fees such as currency conversion or local transaction taxes may apply. Traders should ensure they understand all costs before making bond trades and confirm any potential hidden fees with customer support.
First Securities applies a tiered commission structure for stock trading. For domestic stocks, if the agreed consideration is less than 1 million yen, the commission fee is 1.210% of the agreed consideration, with a minimum charge of 2,750 yen. For trades exceeding 1 million yen but less than 3 million yen, the fee is reduced to 0.880% of the agreed consideration, plus an additional 3,300 yen. Foreign stock trading incurs a higher commission of 2.20% (including tax), with a minimum of 5,500 yen. These rates can add up, especially for larger transactions, so traders should consider them before making trades.
First Securities is a legitimate broker operating under the regulation of the Taipei Exchange (TPEX), ensuring it follows the legal requirements for financial services in Taiwan. However, its "Unreleased" regulatory license number may raise concerns regarding the level of detail and transparency around its official registration. While it is a registered entity in Taiwan, traders should understand that the broker’s international regulatory standing is limited. Despite this, for those focused on the Taiwan market, First Securities provides a regulated and secure environment for trading.
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