DIGITAL FIRST MARKETS Review

About DIGITAL FIRST MARKETS

Digital First Markets is not authorised by the UK Financial Conduct Authority (FCA); the FCA issued a public warning on 7 November 2023 stating that the firm was providing or promoting financial services or products in the UK without permission. The firm’s listed addresses are 573 Crown Street, London, SB6 4XB, and Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St Vincent and the Grenadines, and the website domain is digitalfirstmarkets.com. This means clients would not benefit from the UK Financial Ombudsman Service or the Financial Services Compensation Scheme.

There is no evidence of regulation by any recognised financial authority in Saint Vincent and the Grenadines or elsewhere. Investigations found no matching licence records in the SVG Financial Services Authority. Digital First Markets offers high leverage (reported up to 1:400), a minimum deposit of US$100, and claims to cover asset classes including currencies, stocks, indices, commodities, and cryptocurrencies. However, these claims remain unverified as no regulated oversight or client fund protections are in place.

Pros and cons

Pros

• No confirmed facts support any advantages; all reported features (e.g. asset coverage, leverage) lack regulatory validation.

Cons

• Unauthorised by the UK FCA, warned against for providing financial services without authorisation
• No regulation by SVG FSA or other recognised financial authorities
• No client fund protection, segregation, or negative balance protection reported
• Offers high leverage (up to 1:400), which exceeds regulatory limits and increases risk