Brokers  /  First Option FX

First Option FX

Severe risk
🇬🇧 United Kingdom · 2-5 years · since 2022-05-04 · First Option FX LTD
Unregulated
Visit site ↗
3.7/5
★★★★★ ★★★★★
15 reviews ›
0
Licenses ›
17
Withdrawal issues ›
$500
Min. deposit ›
1:500
Max leverage ›
3
Account types ›
75/100
Scam risk ›
0
Clone sites ›
Accounts: Extra Account · $500Premium (VIP) · $10000LITE account · $2000
▲ 13% positive▼ 80% negative
Independent ratingshow third parties score this broker
WikiFX1.48/10
Trustpilot3.7/5
Forex Peace Army—/5
75
Severe risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • No verified regulatory license on file
  • 13 user exposure/complaint reports filed
  • Withdrawal complaints in ~113% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration108%
Transparency (site/info/social)2810%
Real-user sentiment208%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameFirst Option FX LTD
Headquarters🇬🇧 United Kingdom
Founded2022-05-04
Years operating2-5 years
Employees0
Official websitefirstoptionfx.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
20-22 Wenlock Road , London , N1 7GU , England

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
Extra Account1:500$500from 2--✓
Premium (VIP)1:500 $10000from 1.3$1/lot✓
LITE account1:500$2000from 1.8--✓

Review analysis AI

Rating mismatch — Industry-tracker scores run far lower than real users do (gap -2.96)

Across 15 recent Trustpilot reviews, 80% are 1–2 star. The single most common complaint is being unable to withdraw funds (17 reports) — the classic warning sign in forex.

0
Period:
What users complain about
What users praise
Where reviewers are from
Vietnam12
🇦🇪 AE1
United Kingdom1
New Zealand1

Real user reviews

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About First Option FX

First Option FX is a forex and CFD broker based in United Kingdom, with records dating to 2022-05-04. Critically, we could not verify any active forex-trading license for this broker.

FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.

On Trustpilot, First Option FX holds a real-user score of 3.7/5 across 1 reviews. Withdrawal problems appear 17 times — always test a small withdrawal first.

Overview compiled by FXCanary from regulatory records and public data. full First Option FX review