After reviewing FirstCoast, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is FirstCoast?
On the surface, FirstCoast looks like an ordinary forex and crypto broker. Its public site is presented at https://www.firstcoast.finance/. But surface impressions are exactly what these operations rely on — the substance behind FirstCoast is where the problems begin.
Is FirstCoast regulated?
We could find no evidence that FirstCoast holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.
Red flags we identified
- Offshore or shell-company registration used to avoid oversight
- Aggressive “account managers” coaching clients to deposit
- No credible physical address or verifiable corporate record
- No verifiable licence from a recognised financial regulator
- Unrealistic profit claims and pressure to deposit more
Our analysis
FirstCoast claims to be a trustable broker while presenting neither details about its regulation nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking the above information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. Besides, FirstCoast claims to be based in Switzerland. However, we did not find any match results to FirstCoast in the Swiss Financial Market Supervisory Authority (FINMA). That means FirstCoast is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Can you recover money lost to FirstCoast?
If you have deposited with FirstCoast, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by FirstCoast?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.