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FirstECN Review: Is It Legit and Regulated?

Nakito SA

KM Operating period unverified

FindMyFX score

critical risk

3.0/10

0 Score out of 10 10

Independent assessment Updated 2026-08-06

Contact & regulation

Official website: firstecn.com
Address: Bonovo Road, Fomboni, Comoros
Contact: [https://www.firstecn.com/en/support/
Primary license: MISA · Unverified

Missing values mean the information has not been verified or published yet—not that the broker does not provide it.

Quick verdict

Is FirstECN legit and regulated?

FindMyFX has license records for FirstECN, but none is currently presented as fully verified. Check each entity, jurisdiction, source, and verification date before depositing.

This is a source-limited research summary, not a safety guarantee or investment recommendation.

Broker-provided profile information is reviewed before publication. Paid profile features never affect FindMyFX scores, license verification, risk flags, reviews, complaints, or editorial decisions.

Broker-provided company information

FirstECN is a CFD trading brand operated by Nakito SA from Fomboni, Comoros. Its official site lists three account tiers, web and mobile trading, and leverage up to 1:200.

Professional broker overview

FindMyFX editorial summary

FirstECN identifies Nakito SA in Comoros as its operating company and advertises CFD access through web and mobile platforms with leverage up to 1:200. The reviewed official pages list a USD 250 minimum deposit and more than 300 CFD instruments. Japan’s Financial Services Agency published a warning concerning Nakito SA for online solicitation of over-the-counter derivatives without Japanese registration, so the regulatory position requires jurisdiction-specific review.

Prepared from reviewed sources for informational purposes. This is not investment advice.

Editorial note: The MISA licence information is taken from the broker website and was not independently matched to a direct regulator-register entry during this review. The Japan FSA warning applies to activity directed at Japan and does not by itself establish the broker’s status in every jurisdiction.

Operational status: warning
Broker type: unknown
Execution model: Not verified
Support hours: 24/5

Support languages: English

Documented advantages

The official site publishes account-tier leverage, stop-out levels, platform information, and a stated minimum deposit.
The official instrument page lists more than 300 CFDs across several asset classes.

Documented limitations

The reviewed MISA licence claim was not independently confirmed through a direct regulator-register record.
Japan’s Financial Services Agency published a warning concerning solicitation without Japanese registration.

100%coverage

Published profile coverage

8 of 8 core information groups currently contain published data. This measures data availability, not broker quality or safety.

Company structure

Legal entities

Registered companies associated with this broker profile.

1 entity

Nakito SA

Primary

KM HT00324015

Trading access

Account types

Available account structures and their current verification state.

3 accounts

Gold

unverified

Deposit: Not shown
Leverage: 1:200

The broker states a spread discount of up to 50% versus Silver.

Spread: Not shown
Base currencies: Not shown
Margin call / stop-out: —% / 5.00%
Demo / Islamic: Unknown / Unknown
Balance protection: Unknown
Last verified: Not verified

Platinum

unverified

Deposit: Not shown
Leverage: 1:200

The broker states a spread discount of up to 75% versus Silver.

Spread: Not shown
Base currencies: Not shown
Margin call / stop-out: —% / 5.00%
Demo / Islamic: Unknown / Unknown
Balance protection: Unknown
Last verified: Not verified

Silver

unverified

Deposit: USD 250.00
Leverage: 1:200

Commission information not shown.

Spread: Not shown
Base currencies: Not shown
Margin call / stop-out: —% / 5.00%
Demo / Islamic: Unknown / Unknown
Balance protection: Unknown
Last verified: Not verified

Markets and instruments

Commodity CFDs

unverified

Cryptocurrency CFDs

unverified

Forex CFDs

unverified

Index CFDs

unverified

metal CFDs

unverified

Stock CFDs

unverified

Deposit and withdrawal methods

Bank transfer

unverified

Deposit: Yes · Withdrawal: Yes

Withdrawals usually take up to 3 business days. · No broker withdrawal fee; external provider fees may apply.

credit card

unverified

Deposit: Yes · Withdrawal: Yes

Processing time not shown · Fee not shown

Credit or debit card

unverified

Deposit: Yes · Withdrawal: Yes

Withdrawals usually take up to 3 business days. · No broker withdrawal fee; external provider fees may apply.

debit card

unverified

Deposit: Yes · Withdrawal: Yes

Processing time not shown · Fee not shown

Research sources

About Us FirstECN unverified

Trading Accounts FirstECN unverified

Support FirstECN unverified

Warnings on Unregistered Overseas Operators Financial Services Agency Japan unverified

Licenses and regulators

MISA

BFX2024050

unverified

Last verified: Not shown

Type: International Brokerage and Clearing House

Client class: Not shown

Compensation: Not shown

Segregated funds: Unknown

Negative balance protection: Unknown

Risk flags

Japan FSA warning concerning unregistered solicitation

high · draft

Japan’s Financial Services Agency listed Nakito SA and FirstECN in a warning concerning online solicitation of over-the-counter derivatives without Japanese registration.

Non-trading fee schedule

Withdrawal Fee

unverified

USD 0.0000

The support page states that FirstECN does not charge withdrawal fees, while external payment providers may impose charges.

Jurisdiction-specific offerings

KM · other

unverified

Entity not linked · Leverage 1:200

Compensation scheme not shown

Score components

Regulation and licenses

2.5/10 · 35%

A licence number is published by the broker, but no direct MISA register record was captured.

Security and track record

0.0/10 · 20%

An authoritative Japan FSA warning is documented and no broader official track-record dataset was identified.

Trading conditions

7.5/10 · 15%

Official pages publish account tiers, leverage, minimum deposit, platforms, instruments and withdrawal terms.

Company transparency

5.0/10 · 10%

The operator, registration number and address are disclosed, but direct licence-register verification is incomplete.

Service quality

5.0/10 · 10%

The official site states 24/5 support and provides payment timing, but no independently verified service metrics were found.

Verified user reviews

0.0/10 · 10%

No verified user-review dataset was identified in the inspectable official sources.

Trading snapshot

Minimum deposit: USD 250.00
Max leverage: 1:200
Platforms: WebTrader, Mobile app

Broker reviews

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Verified

—/5 · 0

Unverified

—/5 · 0

Public notice

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Profile update history

Broker profile was published.

2026-08-06

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