First Trade Rated 3/5

First Trade Guide - Read our In Depth 2023 First Trade Review

This detailed First Trade review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex trading, Spread Betting, Social trading, .

Learn more about First Trade.

Benefits of Trading with First Trade

First Trade Review 2023 Quick Summary
๐Ÿ’ฐ Min Deposit 5
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 10,000 First Trade users and traders
๐Ÿ“† Founded 2008
๐ŸŒ HQ USA
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)
๐Ÿšซ Excluded Countries First Trade is not available in the following countries :

Open First Trade's Website

Your capital is at risk

Learn more about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is First Trade?

First Trade are a worldwide financial trading platform and broker. founded in 2008

Over 15 years later First Trade now serves over 10,000 retail investors Forex trading, Spread Betting trading, Social trading, and trading.

First Trade are a global broker. First Trade have a head office in USA.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this First Trade review and assess how well the First Trade platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like First Trade. Choosing or shortlisting a trading platform like First Trade can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like First Trade.

As a result, selecting the right trading platform like First Trade requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like First Trade available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like First Trade requires thorough due diligence and careful consideration. Some First Trade trading features can be complex when trading on mobile or using the First Trade online trading platform. Beginners and inexperienced traders must take the time to learn how to use the First Trade trading tools properly. In our review of First Trade we explain the pros and cons. What First Trade offer, countries First Trade are available in. Who First Trade are regulated by and more.

First Trade Review Screenshot

When it comes to online trading with brokers like First Trade, carefully review First Trade as your broker can make or break your success. Choosing the right broker is essential to ensure your First Trade investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your First Trade review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of First Trade. You must also ensure the First Trade broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, First Trade needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with First Trade into easily digestible information in this First Trade review. We want to ensure you have all the knowledge necessary to use the First Trade trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with First Trade are the key to successful trading, so we've provided this detailed First Trade review. So, take a seat, grab a cup of coffee, and dive in to learn about First Trade and how it can benefit you or if First Trade is not for you.

Online investing with First Trade can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with First Trade, evaluating the First Trade platform is important. Evaluation includes researching the First Trade management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with First Trade. That's why it's essential to understand the First Trade company policies and practices before making any investment decisions. By doing your due diligence and understanding First Trade platform, you can make informed investment choices that align with your financial goals. So take the time to research First Trade thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this First Trade review you need to determine if First Trade is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to First Trade, so you can make a more informed decision and compare other brokers against First Trade.

If you want to look at some First Trade alternatives that might better fit your needs, we list and compare some of the best First Trade alternatives further down this First Trade review.

Don't be fooled by the misconception that online trading is easy with First Trade. It can be challenging and requires significant research and understanding of the First Trade trading tools and features. You must know what you are doing when trading with First Trade. That's why we've compiled this detailed First Trade review with some important information that will hopefully make you more informed when online trading with First Trade.

First Trade Review Table of Contents

First Trade review
First Trade is a Multi-Assets Trading Platform with over 101+ Assets

Learn more about First Trade. First Trade is a multi asset platform with 101+ tradable Assets. Assets available on First Trade include Forex trading, Spread Betting, Social trading, .

First Trade trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, Spread Betting, Social trading, are considered financial assets.

Features of First Trade

First Trade review
What you should know

First Trade offer four ways to trade: Forex trading, Spread Betting, Social trading, . The assets and products available to you on the First Trade trading platform depends on the region of the world, you are in and the First Trade entity you have an account.

With First Trade you will need a minimum deposit of $5. You can sign up for a demo account to acquaint yourself with First Trade platform.

First Trade are able to accommodate various levels of traders whether you are experienced or a beginner.

Are First Trade safe?

When considering First Trade for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as First Trade, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2008, and in operation for 15 years First Trade have a head office in USA.

First Trade is regulated. This means First Trade are supervised by and is checked for conduct by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) regulatory bodies.

First Trade withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like First Trade are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. First Trade are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of First Trade and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. First Trade has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, First Trade will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like First Trade, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If First Trade violate any regulatory rules their regulated status could be stripped.

Your capital is at risk

Is my money safe with First Trade?

All payments made to First Trade by traders are securely held in a segregated bank account.

First Trade uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should First Trade use them?

First Trade partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their First Trade clients' funds.

First Trade clients can have greater confidence in their financial security when working with a Tier 1 bank because First Trade are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in First Trade deposited in a Tier 1 bank?

Depositing funds with First Trade ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if First Trade were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that First Trade is a secure and safe platform.

Please be aware that trading in financial assets with First Trade carries a risk of loss. First Trade trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, Spread Betting, Social trading, due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

First Trade emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about First Trade, let's closely examine its features.

To better understand the First Trade trading platform, you can create two separate accounts - one with real money and the other a First Trade demo account. A First Trade demo account provides a risk-free environment for experimenting with the First Trade platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in First Trade trading decisions.

Open a demo account Visit First Trade

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How First Trade as a Company Compare Against Other Brokers

Broker firsttrade IC Markets Roboforex eToro
Year Established 2008 2007 2009 2007
Head Office USA Australia Belize Cyprus, UK
Regulation Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ First Trade users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit First Trade Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

First Trade review
First Trade Pros and Cons

What we like about First Trade

  • Used by over 10,000 First Trade users and traders
  • Established in 2008
  • Regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)
  • Min. deposit from $5

What we don't like about First Trade

First Trade review
First Trade Regulation and Licensing in more detail

First Trade is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of First Trade going into insolvency. First Trade compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like First Trade to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for First Trade traders.

First Trade is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like First Trade you should be sure they're legitimate online agent.

Is First Trade Global?

Yes, First Trade is global as First Trade is available in over 192 countries.

First Trade is a global trading platform in the sense that it operates in 192 countries including nations in Africa, Asia, Oceania, . Major countries First Trade covers include Germany, South Africa, Thailand, China and Australia. First Trade has a total of more than 10,000 users.

First Trade review
First Trade Fees Explained

  • First Trade withdrawal fees varies on payment method
  • First Trade does charge a fee for inactive accounts.
  • First Trade does charge deposit fees.

First Trade Costs To Check

Modern brokers like First Trade provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, First Trade may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall First Trade trading profitability.

How First Trade Fees Compare Against Other Brokers

Broker firsttrade IC Markets Roboforex eToro
Min Deposit 5 200 10 50
Withdrawal Fees varies No Yes Yes
Inactivity Fees No No Yes
Deposit Fees Varies No No
CFD Commission Fees Yes No Yes

First Trade Minimum Deposit

First Trade requires a minimum deposit of 5 GBP/USD/EUR when opening an First Trade trading account.

A minimum deposit is the minimum amount of money required by First Trade to open a new online brokerage account with them.

Don't be scared off by brokers like First Trade charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like First Trade, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

First Trade Withdrawal Fees

The fees for withdrawing funds from your First Trade account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your First Trade withdrawal request is important.

First Trade Withdrawal rules may vary across different brokers when it comes to transferring funds from your First Trade or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with First Trade may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the First Trade withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from First Trade. Researching and comparing First Trade withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing First Trade funds frequently or dealing with large sums of money. Awareness of these First Trade fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your First Trade funds.

For example, First Trade allows you to withdraw your funds to Skrill, Neteller.

First Trade Inactivity Fees

First Trade does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by First Trade terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all First Trade fees and services. It's recommended that you check the First Trade website before signing up. If you decide to close your First Trade account, it's important to do so with the First Trade broker customer support and obtain confirmation that no remaining First Trade fees are due.

Brokers like First Trade must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

First Trade Deposit Fees

First Trade do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

First Trade Commission Fees

First Trade does charge commission on CFD instruments.

Brokerage firms like First Trade may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the First Trade trading account level held by the trader.

First Trade may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing First Trade terms and conditions to understand the commission fees and any other charges that may apply is essential.

First Trade review
What can you trade with First Trade?

It's essential to note that the trading instruments offered under the First Trade brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the First Trade trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with First Trade over 101 instruments in fact.

If you want to trade currency pairs on global Forex markets, First Trade offer over currency pairs.

First Trade Compared To Other Brokers

Compare First Trade with IC Markets and Roboforex below.

Your capital is at risk

How First Trade Trading Options Compare Against Other Brokers

Broker firsttrade IC Markets Roboforex eToro
Instruments Available 101 2250 100 5000
Platforms MT4,WEB MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 61 35 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies (availability subject to regulation) No Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals No Yes Yes Yes
Energies No Yes No Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 2100 0 2042
UK Shares No Yes Yes Yes
US Shares Yes Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit First Trade
Your capital is at risk
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
74% of retail investor accounts lose money when trading CFDs with this provider.

First Trade review
Trading on First Trade web platforms and other applications

First Trade offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

First Trade also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See First Trade's platforms

Is the First Trade Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the First Trade trading platform to protect you on PC and mobile First Trade platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using First Trade web trading platforms.

First Trade Trading Platform Options

After logging into your First Trade account, you'll find a range of trading platform options available below.

  • MetaTrader 4 (MT4)

Please be aware that First Trade does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

First Trade does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options First Trade gives you.

First Trade review
First Trade MetaTrader 4 (MT4)

First Trade MetaTrader 4

First Trade MetaTrader 4 (MT4) In Detail

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on First Trade offers traders comprehensive features and tools to enhance their trading performance. The First Trade MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the First Trade platform to their needs. One of the standout features of MT4 is its charting functionality, which allows First Trade traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give First Trade traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 First Trade trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the First Trade MetaTrader 4 (MT4) trading platform. MT4 is a platform available with First Trade, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The First Trade MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. First Trade allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with First Trade in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. First Trade MetaTrader 4 is compatible with the latest macOS. First Trade allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on First Trade

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade First Trade MetaTrader 4 on iOS Devices

You can download the First Trade app or trade with First Trade through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. First Trade customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade First Trade MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and First Trade offers its clients access to the MetaTrader 4 platform on these devices. With the First Trade MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing First Trade traders to stay on top of their trades and react quickly to changes in the market. With the First Trade MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade First Trade MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on First Trade are a powerful bundle of three major indicators designed to help traders make informed decisions. First Trade MT4 Trading Central indicators include:

  • Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
  • Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help First Trade traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing First Trade traders to potentially stay one step ahead.

First Trade MetaTrader 4 Advanced Trading Tools

The First Trade MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give First Trade traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, First Trade provides traders with everything they need to succeed. The First Trade MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing First Trade traders to analyze the market at any level of complexity.

Trade First Trade MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

First Trade MetaTrader 4 AutoChartist

Autochartist on the First Trade platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for First Trade MetaTrader 4 Autochartist can scan the market using an expert advisor script.

With Autochartist, First Trade traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save First Trade users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. First Trade traders can navigate the platform and find the information they need to make informed trading decisions.

First Trade Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for First Trade traders of all experience levels.

First Trade Trading benefits

  • First Trade Low min deposit

First Trade Trading Accounts Offered

Below we give an overview of the account types that First Trade offer. Whatever you are looking to trade, the varying First Trade account types will be able to provide you with what you need.

  • First Trade Demo account
  • First Trade Standard account

Can I try First Trade?

First Trade provides a demo account that enables individuals to explore trading before investing their funds. By creating a First Trade practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the First Trade demo account can help individuals to make informed decisions before investing their money.

Open a demo First Trade account to practice and trade.

Your capital is at risk

First Trade withdrawal and funding methods

It's essential to remember that the payment methods provided by First Trade vary based on the First Trade entity and the First Trade client's country of residence. To view the First Trade payment options available, you can log into your First Trade member's area.

First Trade offers various funding payment methods listed in your First Trade dashboard if available in your region. To learn more about the First Trade funding and withdrawal options available in your area, you can explore the First Trade website.

First Trade provides several payment methods for funding your First Trade account. You may utilize any of these deposit options if they are available in your region. First Trade ensures that users have multiple payment methods to choose from, making it more convenient for verified First Trade account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the First Trade user's location. learn more about First Trade funding and withdrawal methods.

First Trade Payment Methods

Some First Trade payment methods are local and are available only to specific regions. First Trade account holders should check which payment methods are provided in your region.
  • First Trade accepts Skrill
  • First Trade accepts Neteller
Broker firsttrade IC Markets Roboforex eToro
Bank transfer No Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes No Yes
Skrill Yes Yes Yes Yes
Payoneer No No Yes No
Neteller Yes Yes Yes Yes

*please note available First Trade and other broker payment methods depend on the clients country of residence.

How can I start trading with First Trade?

To open a trading account with First Trade, individuals can sign up on the First Trade website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for First Trade account validation and making a deposit. Once completed, First Trade users can download the trading platform of their choice.

It's important to note that First Trade requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps First Trade maintain a trustworthy financial environment for its 10,000 users. Detailed information on the First Trade trading platforms is available on their website.

Your capital is at risk

Performing trades with First Trade

When using First Trade, the minimum trade size is typically $0 units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. First Trade have a max trade of varies.

First Trade, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like First Trade can be useful for traders starting or with limited capital.

Like other brokers, First Trade margin requirements can differ depending on the traded instrument.

CFD Trading on First Trade

We will show you an example of the basics of using First Trade leverage.

CFD trading on First Trade allows traders to speculate on the price movements of various financial instruments against the broker First Trade, without actually owning real assets. With CFDs, First Trade traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

First Trade provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, First Trade leverage profits and losses are magnified when trading. For instance, using CFDs, you use the First Trade trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, First Trade leverage magnifies both profits and losses in trading.

Trading CFD trades on the First Trade platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced First Trade traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Education Resources at First Trade

To trade effectively with First Trade, it's important to have a good understanding of the First Trade trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with First Trade and externally.

First Trade . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with First Trade. Familiarizing yourself with the First Trade trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using First Trade. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with First Trade involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like First Trade, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with First Trade. Explore the First Trade platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with First Trade, before live trading.

Customer Support at First Trade

As part of our First Trade review, we review customer service options, response times and problem resolution effectiveness on the First Trade trading platform. The First Trade trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

First Trade Available Support Types

Based on our experience, we have given First Trade a D grade for customer support. We encountered some slow response times or First Trade queries that were left unanswered.

Compared to other brokers, First Trade offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

email support and supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at First Trade

First Trade does not offer LiveChat Support.

Email Support at First Trade

We tested the email support of First Trade by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any First Trade response.

The First Trade team did resolve and answer our queries, but the email support from First Trade was overall average compared to other brokers we have tested.

Phone Support at First Trade

We contacted First Trade via phone and received quick assistance within 10 minutes of our call.

The First Trade phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by First Trade and found that they could assist us in various languages.

While we found the First Trade phone support satisfactory, there is room for improvement in response time.

See how First Trade Support Compares Against Other Brokers

Broker firsttrade IC Markets Roboforex eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit First Trade Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with First Trade

As First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).

As a new client of First Trade, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with First Trade in your region. During the First Trade account opening process, you will be asked to provide First Trade with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with First Trade have the following documents available.

  • First Trade require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for First Trade compliance. This must be dated within the last six months.
  • If you plan to fund your First Trade account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the First Trade platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under First Trade Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring First Trade's platform.

However, remember that you won't be able to make trades on First Trade until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the First Trade KYC compliance process as soon as possible to avoid any delays in accessing the First Trade platform's features.

It is important to note that First Trade may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the First Trade platform and features immediately. However, you must pass the verification process to start live trading with First Trade, which can take up to a few business days.

To start the process of opening an account with First Trade you can visit the First Trade trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.firstrade.com on September 19, 2023.

Is First Trade A Good Broker?

We have spent over 5 years examining First Trade in depth. Although we found some very useful aspects of the First Trade platform that would be useful to some traders. We feel that a alternative to First Trade may better suit you.

  • First Trade have a good track record of offering Forex trading, Spread Betting, Social trading, .
  • First Trade has a history of over 15 years.
  • First Trade has a reasonable sized customer support of at least 10.
  • First Trade are regulated by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). First Trade is subject to strict regulatory oversight from its respective jurisdiction, which holds First Trade (the broker) accountable for misconduct. This regulatory framework helps ensure that First Trade operates fairly and transparently and provides First Trade customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and First Trade.
  • First Trade have regulation from reputable regulators.
  • One of the advantages of using First Trade is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from First Trade are particularly important as First Trade traders want to receive their money quickly. With the efficient First Trade payment processing system, traders can enjoy faster access to their First Trade funds.
  • First Trade have an international presence in multiple countries. Including local First Trade seminars and training.
  • First Trade can hire people from various locations in the world who can better communicate in your local language.

First Trade Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

First Trade not quite right?

If after reading this First Trade review, First Trade does not fulfill your needs check out these First Trade Alternatives.

Click here to view the best First Trade Alternatives

We have spent years researching the best alternatives to First Trade. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective First Trade alternatives available today. If you are unsatisfied with First Trade or want to explore other options, we recommend checking out our carefully curated list of highly-rated First Trade alternatives. Follow the links below to learn more about these First Trade broker alternatives and choose the one that best suits your trading needs.

Related First Trade Vs Comparisons

Throughout our comprehensive First Trade review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing First Trade against other popular brokers in the industry, check out our First Trade Vs pages. Our team has compiled a series of detailed First Trade comparison articles, pitting the First Trade platform against some of the best-rated First Trade competitors in the market. Dive into our informative First Trade Vs pages below to find out how First Trade stacks up against other leading brokers.

First Trade review
FIRST TRADE Frequently Asked Questions

Read our detailed First Trade FAQ Section updated for 2023.

Can I try First Trade?

First Trade offer a demo account so you can try the First Trade platform with virtual trading before you put down a payment. Virtual trading with First Trade is zero risk. Learn more here

What funding methods do First Trade accept?

Please note that the list of payment methods below depends on the First Trade Entity and the client's Country of Residence.

First Trade offer the following funding payment methods Skrill, Neteller, among other payment methods.
Learn more here

Your capital is at risk

Is First Trade safe?

First Trade have over 10,000 users. First Trade are considered reliable as they are regulated by and checked for conduct by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). Any payments funded to First Trade accounts by traders are held in a segregated bank account. For added security,First Trade use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with First Trade is risky, and because the market is so volatile, losses could happen at any time.

Your capital is at risk

Is First Trade trading good?

First Trade is considered good and reputable to trade with First Trade. First Trade is used by over 10,000 traders and First Trade users. First Trade offers Forex trading, Spread Betting trading, Social trading, and trading. Minimum deposit with First Trade is 5.

Is First Trade trading Legit?

First Trade was founded in USA in 2008. First Trade has been facilitating trade on the financial markets for over 15 years. First Trade offers clients Forex trading, Spread Betting trading, Social trading, and trading. All funds deposited to First Trade are held in segregated bank accounts for security. First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) so can be considered legit.

Is First Trade a good broker?

First Trade allows Forex trading, Spread Betting trading, Social trading, and trading. First Trade is overseen by the top tier financial regulators Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) so can be considered a good broker.

Is First Trade trustworthy broker?

First Trade is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to First Trade, money is in a segregated bank account that is separate from First Trade company's funds. As a regulated broker, First Trade cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by First Trade. Instead, your First Trade funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with First Trade. Also First Trade is regulated in its local jurisdictions including major financial regulators like Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).

What is the minimum deposit for First Trade?

The minimum deposit to trade with First Trade is 5.

How long do First Trade withdrawals take?

Withdrawing money from First Trade processing time varies depending on the method but averages 1-5 days.

Is First Trade regulated?

First Trade is regulated by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). Regulatory bodies conduct regular reviews and audits as part of First Trade maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is First Trade a market maker?

First Trade is not a market maker. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller is not lined up.

How can I start trading with First Trade?

When opening a trading account with First Trade, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on First Trade trading platforms, you can follow the link provided below: Learn more about signing up with the First Trade trading platform here. This will provide useful information and insights into the various trading platforms offered by First Trade, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with First Trade?

Yes your money is safe with First Trade.

Overall, strict financial regulation is essential for ensuring that trading platforms like First Trade operate fairly, transparently, and responsibly, which ultimately benefits all First Trade stakeholders involved.

Trading platforms like First Trade must have strict financial regulation for several reasons:

  • Protecting First Trade Investors: Strict financial regulation ensures that investors who use the First Trade trading platform are protected against fraudulent or unethical behavior by the First Trade platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the First Trade platform.
  • Maintaining First Trade Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the First Trade trading platform. Regulatory procedures reduce the likelihood of the First Trade platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing First Trade Transparency: Regulations require trading platforms like First Trade to maintain detailed records and disclose First Trade client information. Financial regulatory requirements enhances transparency and helps to build trust between the First Trade platform and its investors.

First Trade is regulated by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). When selecting a broker such as First Trade, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, First Trade ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like First Trade.

Is First Trade a con?

First Trade is regulated and well established, having been in business for over 15 years. First Trade is not a con.

Can you make money with First Trade?

Although traders have had great success with First Trade, trading on the financial markets with First Trade is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does First Trade have fees?

First Trade withdrawal fees vary on payment method.First Trade does charge a fee for inactive accounts. First Trade do charge deposit fees.

When was First Trade founded?

First Trade was founded in 2008.

How many people use First Trade?

First Trade is used by over 10,000 registered First Trade users.

What is First Trade Headquarters country?

First Trade has its head quarters office in USA .

Does First Trade offer negative balance protection?

First Trade does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does First Trade offer guaranteed stop loss?

First Trade does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does First Trade allow scalping?

First Trade does not offer scalping.

Does First Trade allow hedging?

First Trade does not offer hedging.

Does First Trade offer CFD trading?

First Trade offers CFD trading.

Does First Trade offer STP?

First Trade does not offer STP trading.

How many people use First Trade?

First Trade is used by over 10000 First Trade users and traders.

Is First Trade an ECN broker?

First Trade does not offer ECN trading.

Does First Trade offer a demo account?

First Trade offers a demo account.

Does First Trade offer an Islamic account?

First Trade does not offer Islamic accounts.

What are the funding methods for First Trade?

Please note that funding methods and options available with First Trade can be found in the First Trade Members area and depend on the First Trade clientโ€™s country of residence. Please check your specific available payment methods on the First Trade website. First Trade accept the following funding methods : Skrill, Neteller.

First Trade review written by Andrew Blumer and Mark Hansen

We hope you found our review of the First Trade brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

First Trade review written by Mark Hansen of Comparebrokers.co