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Is it possible to deposit funds into my First Shanghai account with cryptocurrencies such as Bitcoin or USDT?

Broker Issues
First Shanghai
Withdrawal
Deposit
03-18
Estados Unidos
WikiFX
Sagot

Based on my review of First Shanghai, I did not find any indication that they support deposits via cryptocurrencies like Bitcoin or USDT. As an experienced trader, I have always taken regulation and transparency very seriously, especially when it comes to funding options. First Shanghai is a well-established broker, regulated by the Hong Kong Securities and Futures Commission (SFC), and their core offerings seem very much aligned with traditional financial services, including margin financing and access to a large suite of stock, futures, and commodity products. Critically, there’s a notable lack of detail on their website and official materials regarding the range or method of account funding, which gives me pause. Reliable brokers usually provide clear, comprehensive information about deposit methods, timelines, and security protocols—especially if they support something as specialized as cryptocurrencies. Given this information gap and considering industry norms in Hong Kong, where brokers must comply with strict anti-money laundering requirements, I would be very cautious and assume that only conventional methods (bank transfers, etc.) are supported unless explicitly stated otherwise. For me, this conservative approach helps reduce unnecessary risk, especially when dealing with brokers operating under the regulatory framework of the SFC. If cryptocurrency deposits were truly available, I would expect them to be clearly promoted given current market interest.

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