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FAQ

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WHAT IS FIRST SCRAP?

First Scrap is a business subsidiary of First Scrap Global Inc. that fundamentally deals in the collection, segregation, shredding, recycling, and selling of several classes of ferrous and non-ferrous metals.

WHAT IS FERROUS?

A ferrous metal is any metal that is primarily composed of iron and has magnetic properties. Ferrous metal is known for its hardness, durability, and tensile strength. Steel is the most important member of this family of ferrous metals that contain iron. Steel accounts for 80% of all metallic materials due to its widespread availability, low cost, great strength, ease of manufacturing into a variety of shapes, and wide range of attributes. It is widely used in the industrial, construction, and building sectors. With the expansion of industries, the demand for this metal rises steadily. Steel output is, in reality, a good indicator of the industrial world's overall progress.

WHAT IS NON-FERROUS?

Non-ferrous metals are alloys or metals that do not contain any considerable amounts of iron. Non-ferrous metals, on the other hand, all have one thing in common: they don't rust. That doesn't mean they don't corrode. Corrosion can be a problem for a variety of non-ferrous materials. When it is asserted that they don't rust, it means that they will never create the red, flaky metal that is common among unprotected bits of steel and iron in corrosive situations. This is due to the fact that rust is made up of iron oxide. Because non-ferrous alloys do not contain large amounts of iron, there is no iron available to make iron oxide, and so no rust may form. Another feature of non-ferrous metals is that they are not magnetic. Aluminium,copper and lead are few examples of non-ferrous metals.

WHAT IS THE ROLE OF AN INVESTOR?

First Scrap takes investment from investors globally and oversees the scrap metal recycling process to generate deliberate profits. It undertakes massive projects all over the world to convert metal scrap into reusable materials that will benefit both the people who invest in the company and the environment.

HOW DOES FIRST SCRAP GENERATES PROFITS?

The First Scrap organisation undertakes large metal recycling projects across the globe. Every investment made by you is used in the process of metal recycling to buy metal scrap material, which the company can process and make into usable raw material. Our investors get a reasonable amount of money back from every investment they make with us. Apart from the profits generated by First Scrap from investments, the company generates income from factory dismantling, transportation and logistics services of metal scrap, etc.

WHAT HAPPENS WITH THE RAW MATERIAL?

The raw material, which is prepared through scrap metal recycling, is sold to manufacturing companies at current market prices, which are very affordable and have high market values, and is then used to make various products. This allows waste to be reusable based on its material value, which is then consumed by people all over the world.

HOW MUCH PROFIT DOES FIRST SCRAP COMPANY BOOK?

Metal demand has been steadily increasing over the years as a result of industrialisation and urbanisation, but metal sources are limited, providing the metal recycling sector with a larger market for the raw materials it produces. First scrap growth has been excellent over the years, and we expect to increase our profit by 13% this financial year.

WHY SCRAP BUSINESS OVER ANY OTHER BUSINESS?

The global metal scrap industry is worth over $500 billion. The opportunities presented by the metal scrap industry have the potential to eclipse those of any other existing industry, the reason being mounting demand for steel and the urbanisation and industrialization of developing countries. Furthermore, growing concerns about the rapid depletion of natural resources have prompted governments in several countries to enact favourable regulations governing the metal recycling industry, propelling the metal recycling market even further

WHAT IS THE SCALABILITY OF THE SCRAP BUSINESS?

A waste management business cannot be compared to any other business in terms of scalability; if a product is manufactured, it must and will be recycled after a certain period of time, making this business ever-green in terms of the money-making concept.

WHY CHOOSE FIRST SCRAP?

We are the largest scrap processing company that initiated crowd investments to acquire mega projects and offer daily profits against the investment. We at First Scrap aim to increase our turnover by 11%-13% for the financial year 2021-2022, taking into consideration the projects that are in progress and the future projects that are lined up in the days to come.

WHAT DOES FIRST SCRAP PROMOTE?

First Scrap promotes scrap metal recycling, resource conservation, and pollution reduction. We intend to produce high-quality raw materials from scrap metal waste in order to meet global metal demands. Subsequently, we raise awareness around the world so that people are not ignorant about scrap metal management.

WHAT TYPE OF INVESTMENT STRATEGIES DOES FIRST SCRAP OFFERS?

We have excellent plans and packages for our investors, which they will find very interesting. This investment plan includes binary, ROI, and specific quotes that cover everything an investor needs to know to get started. An investor can invest as little as $100 and receive a return on investment that is double the amount invested. We provide a variety of investment plans, including variable and fixed plans. In this manner, an investor can select the desired option and profit accordingly.

WHAT IS THE FLUCTUATING INVESTMENT PLAN?

Fluctuating investment plan is based on the daily trade conducted for ferrous materials. The value of daily buys and sells does not remain fixed, which makes the company offer fluctuating returns on the investments made under this plan.

WHAT IS THE FIXED INVESTMENT PLAN?

Fixed investments have the same trade value throughout the trade, which makes them non-ferrous.The company offers fixed returns on the investment made under this plan.

WHAT IS THE VISION OF FIRST SCRAP?

“To make a difference by augmenting the contribution of recycled metal in the metal market and causing no unnecessary harm to the environment by ensuring net-zero carbon footprints and no end products are released, thereby promoting sustainable living.”

WHERE IS FIRST SCRAP INCORPORATED?

First Scrap is incorporated in the United Kingdom and Canada. It will also be incorporated in various countries based on the recycling needs of the countries.

WHERE IS THE HEADQUARTERS OF FIRST SCRAP?

The company's headquarter is located in Canada.

SINCE WHEN FIRST SCRAP BEEN IN THE BUSINESS?

First Scrap started its operation with only a handful of people in 2000 and later incorporated in 2005 for local business operations. In 2020 it got a certificate for international business.

WHEN WAS THE COMPANY INTRODUCED ONLINE?

On July 1, 2021, the company launched its online operations and went global and digital.

WHICH ARE THE PAYMENT GATEWAYS FOR THE DEPOSIT?

Website integrated payment methods are Bitcoin, Ethereum, Ripple, Litecoin, Tron, Dogecoin, Tether, Payeer, Perfect Money, Dashcoin, BNB, Matic, Dot and 1inch.

CAN THE INVESTMENT BE MADE OUTSIDE THE SYSTEM?

Yes, one can also request for guide fund request from the admin by using the manual address for crypto currency payments. This address will be provided by the admin only.

WHAT IS A GUIDE FUND REQUEST?

Guide fund request is a manual process to invest with the guidance of the admin. It shall process outside the system.

HOW MUCH TIME DOES IT TAKE FOR MONEY TO REFLECT IN THE ACCOUNT?

The funds are usually credited within 2 hours of making a confirmed payment.

WHAT HAPPENS IF IT TAKES MORE TIME FOR THE AMOUNT TO REFLECT IN THE ACCOUNT?

In the case of late confirmation, you may have made the transaction at low fees, which may extend to 24 hours. It is not an issue with the company; however, it is with the sender's payment gateway.

WHAT HAPPENS WHEN THE TRANSACTION DOESN'T CONFIRM AND FAILS?

It shall be refunded from the sender’s payment gateway like Block chain, coin payments, coin base etc. For further assistance, kindly reach the support team.

WHERE CAN I FIND TRACES OF THE DEPOSIT?

You can check payment gateway history and verify the transaction made to the account.

CAN I HAVE MULTIPLE ACCOUNTS?

Yes, one can have as many accounts as they want using the same number and email address.

IS THE CAPITAL RETURNED AFTER MATURITY?

No, only profits are paid to the investors, which depends on the investment plan they have opted for.

CAN SOMEONE ELSE MAKE AN INVESTMENT IN ANOTHER ACCOUNT?

No, one can transfer funds from a club wallet or ROI wallet to another account respective wallet. From there, investment can be made.

CAN I TRANSFER WITHOUT INVESTMENT?

No, to perform any operation it is mandatory to activate investment in an account.

HOW MUCH IS THE MINIMUM INVESTMENT?

The minimum investment is $100.

HOW MUCH PROFITS DO FIRST SCRAP OFFER?

For Ferrous (fluctuation), first investment plan- Package1- 1% to 1.5%, second investment plan- Package2- 1.5% to 2%, third investment planPackage3- 2% to 2.5%.
For Non-Ferrous (Fixed), first investment plan- Plan1- 1.6%, second investment plan- Plan2- 2%, third investment plan Plan3- 2.5%.

WHAT IS THE MATURITY PERIOD OF INVESTMENT?

For ferrous (fluctuation), the maturity period is 200 days. For non-ferrous (fixed), the maturity period is 140 days.

CAN I INVEST IN MULTIPLE PLANS AT A TIME?

Yes, one can invest in multiple plans at a time. It will not affect any of the investment plans with the accumulation. Each plan starts with a new contract period.

HOW TO INVEST USING A PAYMENT GATEWAY?

Login profile.
Click on Investment, and then Payment Gateway Investment.
Select Package.
Enter Amount.
Select Franchise.
Choose payment methods from Bitcoin, Perfect Money and coin payments.
It will redirect the page to the payment gateway which will have the company's wallet address for the investment.
Make payment and it will be credited to your account within 2 hours of making a successful transaction.

HOW TO INVEST USING COMPANY WALLETS?

Login profile. Click on Investment, and then Wallet Investment. Select Package, Enter Amount, Select Franchise, Select Wallet for the investment (ROI or Club), Enter captcha Code. And Invest.

HOW TO SEND MONEY FROM EARNING WALLETS?

Login profile. Click on Send/Receive Money, and then send money. Enter Security Code for the verification. Once it is verified, one can access the send money option. Select Wallet, Enter Receiver ID, Enter Receiver Name, Enter Amount and submit.
(Note: internal transaction fees is 2% which shall be deducted from the sender's account)

HOW TO WITHDRAW FUNDS FROM CLUB WALLET (REFERRAL/BINARY INCOME)?

Login profile. Click on Withdraw, and then Club Withdraw Request

WHEN CAN I WITHDRAW FUNDS FROM CLUB WALLET (REFERRAL/BINARY INCOME)?

Every Saturday, the withdrawal gateways are open for business, and one can place a withdrawal request for the same every Saturday.

HOW TO WITHDRAW ROI?

Login profile. Click on Withdraw and then ROI Withdraw Request

WHEN CAN I WITHDRAW MY ROI INCOME?

The ROI Withdrawal Gateways are open on the 15th and last day of each month.These days, one can place his/her ROI withdrawal requests.

HOW MUCH TIME DOES IT TAKE TO RECEIVE MY WITHDRAWAL IN THE EXTERNAL WALLET?

Withdrawal requests are usually processed within 2 hours and are credited within 24 hours.

WHAT IS BINARY INCOME?

Get people to join the network from your 2 referral links (Left & Right) that are available in the dashboard and earn. A matching number of the right and left leg in the binary bonus, i.e., you get commissions for every 1:1 pair. To earn binary at unlimited levels, it is mandatory to get direct business under you on both sides.

WHAT IS REFERRAL INCOME?

When a customer registers on firstscrap.com, he or she is provided with a referral link. If the individual uses the referral link to bring in a new member who successfully registers on the site and invests, the individual who referred the new member will earn a bonus, which is known as referral income. 

WHEN WILL I RECEIVE MY ROI?

12 AM GMT as per UK server time

WHEN WILL I RECEIVE BINARY INCOME?

12 AM GMT as per UK server time.

IF THERE IS NO ACTIVE USER IN MY BINARY TREE HOW CAN I DELETE THE USER?

You cannot delete the user from your dashboard. However, it will never affect your binary tree and the incomes you receive in a binary tree.

IS THERE ANY WHATSAPP SUPPORT NUMBER TO GET IN TOUCH WITH THE COMPANY OFFICIALS?

Yes there is. You can reach Mr.Daniel Mclean +447452263354

HOW TO GET A FRANCHISE?

Investors can choose between two franchise options. The Heroic franchise costs $35000 USD to acquire, while the Premium franchise costs $60000 USD.

WHAT ARE THE BENEFITS OF HAVING A FRANCHISE?

A heroic franchise holder will be entitled to 3% additional referral income on his overall direct referrals, while a premium franchise holder will be entitled to 5% additional referral income on his overall direct referrals.

HOW DOES A FRANCHISE WORK?

The user ID and username will be assigned to the respective country once a franchise investment is made. When someone chooses your franchise and makes an investment, the franchise owner receives his franchise commission.

IF THE USER IS NOT DIRECT DOWN LINE, WILL I RECEIVE FRANCHISE INCOME?

Yes, it makes no difference whether the user is direct or indirect. For the franchise owner to receive income, one must first choose their franchise manual.

WHEN WILL FRANCHISE INCOME WILL BE CREDITED?

The franchise income will be credited immediately as soon as the investor invests in a package.

WHERE THE FRANCHISE INCOME WILL BE CREDITED?

The franchise income will be credited in your club wallet.