Firstecn

Firstecn Review – Is This Broker a Scam?

When choosing a broker, trust is everything. A reliable trading platform should have a solid reputation, real regulation, and a long track record of success. But does Firstecn meet these standards? Or is this just another offshore scam operation hiding behind fake credibility?

At first glance, Firstecn presents itself as a professional broker. They claim to be regulated, offer multiple account types, and even have a decent Trustpilot rating. But when we dug deeper, we found serious red flags that every trader needs to know.

A suspicious domain registration, an unreliable license, and questionable reviews—these are just the beginning. Before you even think about depositing money with Firstecn, read this review to see why this broker might be far more dangerous than they want you to believe.

Firstecn – Broker Information

To give you a full picture of what Firstecn offers, here’s a breakdown of their key details:

Key Takeaways:

• Unreliable Regulation: Firstecn operates under an offshore M.I.S.A license, which provides no real trader protection.
• Suspicious Reputation: A manipulated Trustpilot rating with too few reviews and no negative feedback suggests review tampering.
• Fake Experience Claim: Their domain was registered in 2024, contradicting their claim of being established in 2022.

This broker is full of inconsistencies, and the lack of transparency makes it extremely risky for traders.

Firstecn Review – Suspicious Domain Registration Date

One of the first things we checked about Firstecn was the domain registration date. And guess what? We found a major red flag.

Firstecn claims to be an established broker since 2022. That would be fine… if not for one little problem—their domain was registered on July 2, 2024!

How is it possible that a broker supposedly operating since 2022 only got their domain in mid-2024? What were they doing all this time? Trading in the shadows? Running on a different website? Or, more likely, did they just make up their “establishment date” to look more trustworthy?

Why is this a problem?

Legit brokers usually have a solid history. Their domains match their claimed operational years, and their online presence is verifiable. Firstecn, on the other hand, doesn’t pass this basic credibility check. This strongly suggests that the broker is newly created but is trying to appear more experienced—a classic trick among scam operations.

When a broker’s foundation story doesn’t match its domain records, it’s a serious warning sign. If they are lying about their age, what else could they be hiding?

Firstecn Review – Fake or Unreliable License?

One of the most important factors when assessing a broker is regulation. A legitimate broker must be licensed by a well-respected financial authority. So, what about Firstecn?

Well, Firstecn claims to be regulated by M.I.S.A (Mwali International Services Authority). At first glance, that might sound official, but let’s take a closer look.

Why is the M.I.S.A license worthless?

1. No Real Oversight – M.I.S.A is based in Comoros, a small island nation that doesn’t impose strict financial regulations. They issue licenses to almost anyone who pays a fee, without conducting real background checks.
2. No Investor Protection – Unlike licenses from the FCA (UK) or ASIC (Australia), M.I.S.A doesn’t require brokers to have compensation funds or segregated accounts for client deposits. If Firstecn disappears tomorrow, you won’t get your money back.
3. Used by Many Scammers – Over the years, multiple scam brokers have used the M.I.S.A license to appear legitimate while defrauding traders. It’s essentially a “pay-to-play” certification that carries no real weight.

Why does Firstecn avoid real regulations?

Regulators like the FCA, CySEC, or ASIC demand transparency, financial audits, and strict operational standards. Scam brokers don’t want that—they prefer shady offshore jurisdictions where they can operate without consequences.

If Firstecn was truly a reliable and trustworthy broker, they would have proper licensing from a reputable regulator. But instead, they rely on a weak, offshore registration that offers no security for traders.

Final Thought

A broker that avoids serious financial oversight is not a broker you can trust. If they have nothing to hide, why not get a real license? The answer is obvious—they don’t want to follow the rules.

Firstecn Review – Suspicious Trustpilot Reviews

Whenever we check a broker, we always look at what traders are saying. And when we analyzed Firstecn’s Trustpilot reviews, we immediately saw something fishy.

At first glance, they have a 4.4-star rating—which might seem decent. But let’s break it down and see what’s really happening.

Fake Positive Reviews?

1. Too Few Reviews for a “Trusted” Broker
   Firstecn has only 10 reviews in total. Think about it—if they’ve been around since 2022 (as they claim), why do they have so few reviews? A real broker operating for two years should have hundreds or even thousands of reviews. This screams artificially inflated ratings.

2. No Negative Reviews? That’s Unbelievable
   Somehow, out of those 10 reviews, there are zero bad reviews. No complaints? No frustrated traders? That’s almost impossible in the real world. Even the best brokers have some negative feedback. This strongly suggests that Firstecn is filtering or deleting bad reviews.

3. Suspiciously Generic Praise
   If you look at most scam brokers, their fake reviews all follow the same pattern—short, vague, and overly positive. Something like:
   ✅ “Great broker, fast withdrawals!”
   ✅ “Love this platform, very good service!”
   No specifics, no real trading experience, just generic praise.
   Real traders leave detailed reviews about execution speed, spreads, or support issues—not just empty compliments.

What Does This Mean?

When you see a small number of overly positive, generic reviews, it usually means one thing—review manipulation. Firstecn likely bought fake reviews or deleted real complaints to keep their rating high.

A real, trustworthy broker doesn’t need to fake their reputation. If they were truly good, traders would naturally leave genuine feedback. But Firstecn seems to be desperately trying to appear legitimate. That’s a huge red flag.

Final Verdict – Is Firstecn a Scam?

After thoroughly analyzing Firstecn, the conclusion is clear—this broker is not trustworthy. There are just too many red flags that scream scam operation rather than a legitimate trading platform. Let’s recap:

• Fake Establishment Date – They claim to have been operating since 2022, yet their domain was only registered in July 2024. That’s a clear lie to make them seem more credible.
• Worthless License – Firstecn operates under a M.I.S.A. license, which is known for giving zero protection to traders. Real brokers get regulated by top-tier authorities like FCA, ASIC, or CySEC—not some offshore registration that anyone can buy.
• Suspicious Reviews – Their Trustpilot profile is full of fake-looking reviews with almost no real negative feedback. A broker that needs to manipulate its reputation is definitely hiding something.

Should You Trade with Firstecn?

Absolutely not. This broker looks like a classic offshore scam—manipulating facts, faking legitimacy, and avoiding real regulations. Traders who deposit money here are at serious risk of losing everything with no way to get it back.

If you’re looking for a real trading platform, choose one that is fully regulated, transparent, and has a proven track record. Firstecn is none of these things. Avoid this broker at all costs.