FIRST CITY MORTGAGE FINANCE has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.firstcitymf.com.
I requested my data from FIRST CITY MORTGAGE FINANCE under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: High security standards|Detailed reporting
Cons: Website design could be more modern|No crypto staking
I looked into FIRST CITY MORTGAGE FINANCE and found they appear in the regulatory warnings database. Financial Conduct Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Flagged by international regulators|Due diligence required
After for over a year with FIRST CITY MORTGAGE FINANCE, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Fast support response|Good mobile app
Cons: Mobile app could be improved
The onboarding at FIRST CITY MORTGAGE FINANCE was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Regular updates|Good analytical tools|Transparent fees|Clean UI
Cons: Minimum deposit could be lower
After doing some research AFTER the fact (I know, I should have done this first), I discovered that FIRST CITY MORTGAGE FINANCE is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: Lost entire investment|Reported to authorities|Unresponsive
Several red flags with FIRST CITY MORTGAGE FINANCE: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Not registered with regulators|Unrealistic promises
Where do I even begin with FIRST CITY MORTGAGE FINANCE? for about ten months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Excellent charting|Social trading features|Regular platform improvements|Automated trading options
Cons: No crypto staking
I lost a significant amount because FIRST CITY MORTGAGE FINANCE did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Responsive team|Market news feed|Social trading features|Clear documentation
Cons: No fractional shares|Search feature is basic
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. FIRST CITY MORTGAGE FINANCE said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Market news feed|No hidden fees
Cons: Limited ETF selection|None so far
The platform itself is okay, but the customer service at FIRST CITY MORTGAGE FINANCE is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Professional team|Regular updates|No hidden fees
Cons: Limited cryptocurrency options