FPMaustralia (firstpm.group) has been flagged by ASIC (Australia) for "Unlicensed". Phones: +61863758600 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: firstpm.group.
The reporting at FPMaustralia (firstpm.group) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: High security standards|Transparent fees
Cons: Wish they had more educational resources|Could offer more webinars
The onboarding at FPMaustralia (firstpm.group) 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: Smooth onboarding|Real-time alerts|Demo account available
Cons: No dark mode on mobile
Do not be fooled by the professional-looking website. Behind the scenes, FPMaustralia (firstpm.group) is disorganized and incompetent. I found them after comparing multiple platforms and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Clear documentation|Multi-currency support
Cons: No fractional shares
The so-called education at FPMaustralia (firstpm.group) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for over three years thinking they would help me learn.
Pros: Clean UI|Market news feed|Educational resources
Cons: Spreads widen during volatile periods
KYC with FPMaustralia (firstpm.group) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Quick verification|No hidden fees|Fast support response
Cons: Cannot customize dashboard fully|No dark mode on mobile