Company Information

Get to know First Clearing

First Clearing is the trade name used by Wells Fargo Clearing Services, LLC, a non-bank affiliate of Wells Fargo & Company. It is one of the largest clearing firms in the United States, providing comprehensive brokerage, custody, and operational services to introducing broker-dealers and other financial institutions. Rather than serving retail clients directly, First Clearing acts as the "back-office" for its correspondent firms, handling trade execution, settlement, account maintenance, technology solutions, and regulatory compliance support. This allows its clients to focus on managing their client relationships while leveraging the infrastructure and stability of a major financial institution.

Industry

Stock Prime BrokerPRIMARY
Financial Other Service

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First Clearing

United States

Founded in

1983 (43 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.