Reported as a scam / unregulated
Why First Class Forex Funds is on the register
First Class Forex Funds claims to be an evaluation platform which is powered by Eightcap LTD. As per this claim, we contact the customer service of Eightcap to verify this info. Eightcap claims that First Class Forex Funds do use them as a broker, but this company is just a third party to Eightcap, which means Eightcap can not assure whether the company is regulated or not. Besides, First Class Forex Funds shows its company address is in the United States. As per United States law, US residents and citizens are only permitted to operate with CTFC- and NFA-regulated forex brokers. Firms and individuals, who need to possess the relevant regulations issued by the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), will be allowed to solicit or approach US citizens. However, we did not find any match results to First Class Forex Funds in the above two regulatory bodies. The truth is, First Class Forex Funds is not under valid regulation by any regulators to provide investment services. Investors’ funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.