First Financial Banc Review – 5 things you should know about

First Financial Banc Review – 5 things you should know about

Beware! First Financial Banc is an offshore broker! Your investment may be at risk.



Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


First Financial Banc is a Forex brokerage registered in Saint Vincent and the Grenadines. It provides the MetaTrader 5 trading platform and a generous leverage of up to 1:500. Furthermore, the website flaunts with a wide range of trading products, the required minimum deposit is the standard $250 and the spread is at 1.5 pips on EUR/USD

First Financial Banc regulation & safety of funds

On the brokers website we read that the broker brand is owned and operated by a SVG-based company registered wit the name Warp Enterprise LTD. Saint Vincent and the Grenadines is a well-known offshore zone and a preferred location for shady brokerage. Readers are reminded that the government of SVG has had to publicly state quite a few times in the past that it does not regulate Forex trading and thus we may safely conclude that not only is the brokerage not regulated. Furthermore, trading with an offshore, unregulated brokerage hides a lot of risk. There may be commingling which means that the brokerage may commingle together the finances of the firm and the finances of the clients. On top of this, while researching the brokerage on the web we came upon an official warning issued by the Spanish financial watchdog CNMV which reads that First Financial Banc has been targeting Spanish traders without proper authorization. All in all, it’s safe to say that trading with the brokerage carries with it much unwanted risk.

Traders needn’t have to worry themselves with such risk if they choose to trade with a brokerage regulated and authorized by a prestigious regulatory agency. Such agencies are the FCA in the UK or CySec in Cyprus which have been leading names in Forex trading for some time now. Their regulatory framework is composed of a number of strict rules which prevent clients from falling victims to fraud. Such rules include the segregation of accounts which assures that commingling with the client’s money is not possible. Furthermore, a license by such a regulatory body entails participation in a financial mechanism by which clients may be compensated if they suffer losses due to fraud or bankruptcy. With the FCA the compensation is up to 85 000 pounds, where as with CySEC it is up to 20 000 euro per person.

First Financial Banc trading software

 The brokerage does provide the MetaTrader 4 trading platform which is something we always consider an advantage since the MT4 is among the foremost trading terminals in Forex trading at the moment, close to 80 percent of users prefer it. The platform provides an advanced charting package, lots of technical indicators, extensive back-testing environment and a variety of Expert Advisors (EAs). However, we were unable to register for a demo account but we do read on the website that the spread is right about the industry average of a pip and half, albeit such information is not verifiable.

First Financial Banc deposit/withdrawal methods and fees

Potential clients of the brokerage may deposit or withdraw via the standard Visa and MasterCard, as well as bank wire, however, popular e-wallets such as Skrill and Neteller are not supported.

We also could not find any troubling provisions in the terms and conditions of the brokerage, but we did read that there is a dire trading requirement in order for the bonus promotion to be eligible for withdrawal.  This is why we remind readers of all the ways a trader may test the brokerage’s intentions. Firstly, traders are advised to always put up only the required minimum deposit, instead of risking a bigger amount with no certainty. Afterwards, they may also try to withdraw a small amount in order to check for any unexpected fees or delays. Such fees and delays are usually the signs of a scammer.

How does the scam work?

Even though the forex trading world is extremely large and encompasses millions of people around the globe, the most common scamming is pretty simple and straightforward and as such – it’s not particularly daring to avoid. Here is a quick overview of how it is done:

Through clicking an ad with promises for fast money, you will be redirected to a website such as Bitcoin Evolution or The bitcoin miner where registration will require you to give your address, email and phone number. After sharing your personal information, you will being receiving calls from brokers, compelling you to invest with them and win big. After a few minutes hearing their pitches, you decide to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit.

After they are done with you, senior scammers begin working you into putting even more money. They say it’s the only way to profit from trading even more. After making the mistake of investing even further, you’ll begin wanting to get out of this and withdraw what you have left.

Unfortunately, the con-artists have no such thing in mind. They will now begin persuading you to wait it out and not withdraw right now. The angle here is pretty blunt – traders have a limited time period for filing achargeback with their bank and get their money back. The “recovery department” will simply want to mislead you into missing thе crucial period and, along the way, losing any chance you might have of getting the money back.

It is important here to take notice that both Visa and MasterCard are taking measures to combat unregulated forex brokerages by classifying all forex transactions as high risk. And they are correct in doing so. Furthermore, supporting their intention with clear actions – MasterCard has increased the previous time period of six months for filing a chargeback to a year and a half.

What to do when scammed?

As was mentioned above, scamming is quite the common in the trading world and, sadly, even you might suffer from it. In such an unfortunate case there still may be some available options for you.

You may contact your bank or credit card provider and file a chargeback. 

If, however, you have provided the broker with your credit card details, immediately cancel your credit card.

If you have given information regarding your online banking pass – you should switch it asap!

Beware of potential calls from self-described “recovery agencies”! They prey on scammed and vulnerable traders who are desperate to recover their losses. They will require an “up-front” payment to help you, but after paying them, no such help will be coming your way!uthi

Rich Snippet Data
Review Date
Reviewed Broker
First Financial Banc
Broker Rating

Top Forex Brokers

Broker Country Rating Min. Deposit Website
US 5/5 $50 Click for a special offerWebsite
USA 5/5 $250 Click for a special offerWebsite
UK, Cyprus, Belize 4.94/5 $5 Click for a special offerWebsite
Australia 4.93/5 $100 Click for a special offerWebsite
UK, Australia 4.85/5 $50 Click for a special offerWebsite
Cyprus, SVG 4.8/5 $100 Click for a special offerWebsite


  1. Hola la empresa first financial banc son unos estafadores.
    Hello, the company first financial banc are scammers.



  2. Stop,stop, stop,stop.

    Empresa con gentuza y digna que destrozan familias y hogares

    First Financial Banc…… antes de tener un error porque no te dan otra oportunidad, se cauteloso y no te dejes convencer por la basura de comerciales que te quieren estafar con crictomonedas, bitcoin o fores o su puta madre,,,,, llamame 669770911 y te abras ahorrado 250e o arruinarte para toda la vida.
    La vida es muy hermosa pero, vendran este atajo de basura y te chuparan las entrañas.
    Vete a tu gestor del banco, que te diga la mejor solucion para invertir, todos cometemos errores y no tienen solucion.

    Si tienes dinero para invertir, te compras una viviendas y tendras un beneficio del 6 por ciento o inviertelo, o a modo de ahorro multiplica 300e a los meses tendras 3600e pero en 10 años tendras 36.000e.
    Con first financial banc solo tendras perdidas y muchos problemas de salud,,,,, ten cuidado cuando ya no les des mas dinero se marcharan y te dejaran colgado,,,,,, recuerdalo stop.

    Ven a la corriente.


    Stop, stop, stop, stop.

    Company with grace and dignity that destroy families and homes

    First Financial Banc …… before having an error because they do not give you another chance, be cautious and do not be convinced by the garbage of commercials that want to scam you with cryptocurrencies, bitcoin or fores or their fucking mother ,,,,, call me 669770911 and open yourself saved 250e or ruin yourself for life.
    Life is very beautiful, but this garbage can come and suck your guts out.
    Go to your bank manager, who will tell you the best solution to invest, we all make mistakes and have no solution.

    If you have money to invest, you buy a house and you will have a profit of 6 percent or invest it, or by way of saving multiply 300e to the months you will have 3600e but in 10 years you will have 36,000e.
    With first financial bank you will only have losses and many health problems ,,,,, be careful when you no longer give them more money they will leave and leave you hanging ,,,,,, remember stop.

    Come to the stream.

  3. Se me olvidaba un dato importante con First Financial Banc.

    Pregunta donde va tu dinero, si va fuera de europa desconfia porque estas muerto, paises como estonia, rusia, etc,no lo podras recuperar

    Ojo con el control remoto, te hacen descargar un programa y te acaban de vaciar la cuenta bancaria, antes de operar diles que lo consultas y despues corta la comunicacion.
    Ven a la corriente.


    I forgot an important fact with First Financial Banc.

    Ask where your money goes, if it goes outside of Europe, distrust because you are dead, countries like Estonia, Russia, etc., you will not be able to recover it

    Be careful with the remote control, they make you download a program and they just emptied the bank account, before operating tell them that you consult it and then cut the communication.
    Come to the stream.

  4. Ludwig Wiechers

    I have a small account there, made comfortable gains and placed a withdrawal request mid june. On requesting status info for that request, I only got some support emails telling that a broker would call me back. That happened once and this broker tried to get me to invest more. I said that I need a proof of their trustworthiness before doing anything more. And therefore I insisted on a (partial) withdrawal. Since then nothing happened. Status of my withdrawal request is Pending.
    There seems to be no other way to get into contact with FFBanc but [email protected],com. No phone numbers; and the online mail forms on their website do not work (always “server error”).

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