Unauthorised Firm Details
Name: ChaseFirst.com
Website: chaseFirst.com
Platform Overview
ChaseFirst.com presents itself as a financial services platform. According to its website, it offers trading or investment-style services, positioning itself as a modern, accessible digital finance company. They also claim to optimize for device compatibility, allowing users to access their platform from desktops, tablets, and mobile devices.
Serious Regulatory Warnings
-
The CSSF (Commission de Surveillance du Secteur Financier) in Luxembourg officially warns that ChaseFirst is not authorized to provide investment or financial services in or from Luxembourg.
-
The company’s claimed Luxembourg address is misleading
-
TradersUnion also notes this lack of regulation, which is a major risk for anyone thinking of depositing money there.
Risk Factors & Red Flags
-
No Regulatory License: Without proper licensing, there’s little to no legal protection for users. The CSSF explicitly says they have no authorization.
-
Withdrawal Problems: Multiple user reports say they cannot withdraw their money, or that it takes an unreasonably long time and comes with hidden fees.
-
Opaque Ownership: The entity behind the site is not clearly vetted, and the claimed Luxembourg address is likely misleading.
-
Aggressive or Risky Payment Methods: Some sources suggest ChaseFirst encourages deposits via hard-to-trace methods (though exact patterns vary in reporting).
-
Misleading Testimonials: Some of the “success stories” or testimonials on the website may be fabricated or exaggerated.
-
Potential Legal Consequences: Because it’s unregulated, users may not have recourse through financial regulators if something goes wrong.
Conclusion
ChaseFirst.com is not just another finance startup. It’s raising serious alarm bells from both regulators and consumer protection groups. The lack of licensing, combined with numerous user complaints and negative reviews, strongly suggests that the platform carries a very high risk possibly a scam.
Submit your review | |
