Myfirstara 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: Myfirstara.
Opened my account with Myfirstara after attending a webinar they hosted and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Great customer service|Detailed reporting
Cons: Onboarding videos are outdated|No phone support on weekends
After since the beginning of the year with Myfirstara, 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: Dividend tracking|Segregated accounts|Dedicated account manager
Cons: Spreads widen during volatile periods|Could offer more webinars
Myfirstara offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Fast execution|Educational resources|Low minimum deposit
Cons: Nothing significant|Charting tools need more indicators