FirstClass Forex Funds prop firm offers funded challenges ranging from 25k to 200k USD with pricing from 205 dollars, which is expensive. There is only one 2-step challenge type offered, and the firm promises up to 100% profit split, which is a big red flag. During our evaluations, we detected several serious issues with this firm.
In our FirstClass Forex Funds review, we will assess the firm’s most important features, such as safety, rules, funding options, fees, assets, support, and more.
Pros & cons of FirstClass Forex Funds prop firm
Pros
- Provides access to advanced MetaTrader 5 trading platform
- Promises up to 95% profit split after consistent trading
- Expensive fees from 205 USD on 25k USD challenge
- Allows access to only Forex pairs
- All funded accounts are demo accounts
- Lacks educational resources
- Does not offer multilingual support and a hotline
Cons
- 77% of Trustpilot reviews (1,150 reviews in total) are 1-star assessments, indicating the firm is a scam!
- Promises up to 100% profit split, which is a red flag!
Safety of FirstClass Forex Funds – 0
FirstClass Forex Funds reviews are lacking on the FPA platform, which is never a good thing. On Trustpilot, the firm has around 1150 reviews, of which 77% are 1-star evaluations, confirming that the firm is a scam that cannot be trusted. Experience-wise, the firm was launched in 2022, which makes it fairly experienced in the field, but an overwhelming number of traders evaluate its services as a horrible experience. All funded accounts are simulated or demo accounts, which is also a downside.
The firm gets a 0 score in this section for being a confirmed scam. Stay away!
FirstClass Forex Funds Funding and maximum capital allocation – 1.5
FirstClass Forex Funds funded programs are not diverse, as the firm only provides 2-step challenges.
FirstClass Forex Funds funding options are very limited and include 25k, 50k, 100k, and 200k USD amounts. There are now smaller challenge amounts from 1K, which is a downside for beginners. FirstClass Forex Funds challenges require traders to hit high-profit targets in two phases, which makes it difficult to get funded in a reasonable amount of time.
FirstClass Forex Funds scaling plan is not available, which is a downside as well.
Overall, the firm gets a 1.5 score in this section.
FirstClass Forex Funds Assets – 1
FirstClass Forex Funds prop trading offers only access to Forex pairs, and spreads are high above 1 pip. There are no other asset types offered, such as indices, commodities, or cryptos, which is a big downside.
The firm gets a 1 score in this section for offering a limited range of assets.
FirstClass Forex Funds Trading rules and limitations – 0
FirstClass Forex Funds rules are strict, requiring traders to hit 10% and 7% profit targets on phases 1, and 2. The daily loss limit is 3%, and the maximum drawdown is 12%. As reviews indicate, the firm manipulates rules and has hidden rules that are changed constantly, making it almost impossible to get funded.
Therefore, the firm gets a 0 score in this section.
FirstClass Forex Funds Fees – 1
The pricing is expensive at FirstClass Forex Funds, as the firm offers funded accounts from 25k USD. This challenge will cost 205 USD, which is very expensive and unattractive, especially for beginners. However, since many traders evaluate the firm as a scam, it is not recommended to sign up for any of their challenges.
FirstClass Forex Funds free trial is not offered, and the FirstClass Forex Funds free repeat is not available either, which only added to the downsides of the firm.
As a result, the firm gets a 1 score in this section.
FirstClass Forex Funds Platforms – 4
The firm offers access to MT5 demo accounts. The platform is advanced, and a mobile trading app is also available for mobile trading. For offering an advanced trading platform, the firm gets a 4 score in this section.
FirstClass Forex Funds Profit-Sharing – 2
FirstClass Forex Funds profit split starts at 75%, and the firm promises up to 95% payouts after traders become consistently profitable. However, since 88% of traders evaluate the firm with 1 star, the firm seems not to allow withdrawals at all, which is a huge red flag. Therefore, the firm gets a 2 score in this section.
Education and trading tools at FirstClass Forex Funds – 0
FirstClass Forex Funds lacks educational resources. There are no webinars, trading courses, video guides, or trading blogs available. The firm also does not provide any tools to assist its traders. Overall, the firm gets a 0 score in this section.
Customer Support at FirstClass Forex Funds – 2.4
FirstClass Forex Funds only provides live chat and email support options, and there is no hotline support channel offered, which is a red flag. The website as well as the support is only available in English, which is also a downside. Therefore, the firm only gets a 2.4 score in this section.
Frequently Asked Questions on FirstClass Forex Funds
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