First-trade is a trading robot on autopilot, and it trades nonstop 24/7. First-trade offers trading in forex, equities, and cryptocurrencies via First-trade app. The minimum deposit requirement to open a live account is as low as $50.
Pros and Cons
Is First-Trade Legit?
No, First-Trade is not regulated by any financial authorities so far, which you should take into consideration before tapping into real trades with them, since lack of regulation usually means less financial security and customer protection.
What Can I Trade on First-Trade?
First-Trade differentiates itself with traditional financial company or exchanges with an artificial intenligence based trading bot. The bot is programmed into the First-Trade App and handles transactions and trades on behalf of traders. Traders mainly make money with this company via two methods: trade cryptocurrency or earn passive income through the company's referral program.
Except for cryptos, First-Trade claims their trading bot also trades a vast range of other products, including 400+ assets, FX majors & minors, and equities, and more.
When you are trying fresh things like First-Trade, always comply to the rule of investment safety.
Investment Plan
First-Trade offers four trading plans with the automatic trading bot, each plan with different starting capital, reinvestment time and trading duration. You can choose the one most suitable for you based on your financial capacity and prospective returns.
If you are a beginner, you can start with the “Starter Plan” with the initial investment amount from $50, the bot trades on your behalf for 12 hours and you will have 4 reinvestment opportunities with this plan.
Since the Starter Plan has an investment limit of $499, you can go further to “Vital Plan” if you have enough money. In this plan, you need to deposit at least $500 and the upper limit is $3,999. Automate trade duration will extend to 24 hours but you are only allowed to reinvestment 3 times.
The highest “Infinite Plan” with investment range $10,000 to infinite is designed for high-net-worth investors who expect higher profits while accepts same level of risks. They can reinvestment 10 times with trade duration in 72 hours by the trading bot.
Such tiered structured plans covers a wide range of traders with different capitals and experience levels. The good part is that there's no high barriers for withdrawal, you can withdraw from $5 only.
However, always bear in mind that no investment is totally risk-free. Though the company claims 100% ROI and promises tiered profit percentage for each plan, you should still be vigilant and manage your investment strategy carefully to avoid huge losses.
Trading Platform
