First Trade Alternative Brokers Compared
We found when trading having a broker you can rely on is essential. If First Trade does not match your requirements we explain the top First Trade alternatives and First Trade competitors in this guide.
The best alternative for First Trade is IC Markets or Roboforex.
When searching for a First Trade alternative, there are a few things you need to check. The First Trade trading platform alternative you decide upon needs features and trading fees that match your investment strategies and trading requirements.
We offer a detailed list and examination of the top First Trade alternatives and competitors feature by feature further below this First Trade alternatives guide.
If you are looking for a trading platform that offers similar features to First Trade or First Trade. Or if you are looking for features that First Trade does not offer that you require when trading, we will show you the best First Trade alternative options below.
We highlight the pros and cons of each First Trade alternative. Maybe you are looking for better customer service from a First Trade alternative or more competitive First Trade fees and more financial instruments to trade.
We have listed some reasons why First Trade may not be the best broker for you. But don't worry. We have compiled a list of the best alternatives below.
- First Trade does not allow hedging (See brokers for Hedging here)
- First Trade does not offer negative balance protection (See First Trade alternatives who offer negative balance protection here)
- First Trade does not offer Guaranteed Stop Loss (See First Trade alternatives who offer Guaranteed Stop Loss here)
- First Trade does not allow Scalping (See brokers for scalping here)
- ECN accounts are not offered by First Trade (Look here for First Trade alternatives offering ECN accounts)
- STP accounts are not offered by First Trade (Look here for First Trade alternatives offering STP accounts)
- First Trade does not offer MT4 (See First Trade alternatives offering the MT4 trading platform here)
- MT5 is not offered by First Trade (find First Trade alternatives that offer the MT5 trading platform here)
- cTrader is not offered by First Trade (find First Trade alternatives offering the cTrader trading platform here)
- First Trade does not offer Micro accounts (Check here for First Trade alternatives offering micro accounts)
- First Trade does not offer VIP accounts (Check here for First Trade alternatives offering VIP accounts)
- First Trade does not offer Islamic accounts (Check here for First Trade alternatives offering Islamic accounts)
- First Trade have inactivity fees (See First Trade alternatives who don’t have inactivity fees here)
- First Trade have withdrawal fees (See First Trade alternatives who don’t have withdrawal fees here)
Top First Trade Alternative is IC Markets
| Broker |  |
 |
 |
|---|---|---|---|
| Rating | ★★★☆☆ 3/5 | ★★★★☆ 4/5 | ★★★★☆ 4/5 |
| 💻 Trading Platforms | Mobile Apps, Desktop, iPad, Android (Google Play), iOS (App Store) | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows |
| 📋 Instruments Available | 1000000 | 2250 | 12000 |
| 📈 Stocks Offered | 2100 | 0 | |
| 💎 Crypto | No | Yes | No |
| 💹 Forex Pairs | 61 | 35 | |
| 📈 Commodities | 0 | 20 | 21 |
| 💰 Min Deposit | 0 | 200 | 10 |
| 👱♂️ Used By | 11,000+ users | 200,000+ users | 730,000+ users |
| 📆 Founded | 2008 | 2007 | 2009 |
| 👮♂️ Regulation | US Securities and Exchange Commission (SEC) (8-34642), Financial Industry Regulatory Authority (FINRA) (CRD# 16843), Securities Investor Protection Corporation (SIPC) | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund |
| 🌍 HQ | USA | Australia | Belize |
| 🚫 Excluded Countries | UK, US,KR | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH |
| Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits |
If you want to see a more indepth feature by feature First Trade alternative comparison, you can scroll further down here.
