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

This First Trade review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this First Trade review does not apply to US users.

This First Trade review contains the latest information about First Trade.

If you are a new entrant in the realm of trading and brokerage, so many facts will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough knowledge. You will acquire adept at all of the concepts of brokerage since you keep trading. For starters, you need to choose the ideal agent who'll be transparent with you always.

In this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment program will generate hefty returns. First Trade is just one such stage that will take you along with your investment to great heights. It is crucial that you understand about First Trade before you trust them with your money.

First Trade review

Our full First Trade Review covers all you will need to learn about trading with First Trade. A fantastic broker can multiply your first investments and provide you favorable profits. If you want to earn profits, you should trade with a broker service that contrasts with your investing objectives.

There's absolutely no sure-fire method to guarantee profits; therefore, you must carefully assess your broker before you choose them. It's a frequent misconception that all agents will be the same, but that's not true. Wrong judgment, initially, can set your investments in danger.

First Trade is a broker which has found its way successfully to the broker world. Within this review, we've attempted to collate some of the important facets of First Trade. This review will help you to know whether First Trade is a good fit for your investments or not. We've tried to breakdown all the qualities and charges for your convenience.

First Trade Review, Table Of Contents

Who are First Trade?

First Trade is a forex broker headquartered in USA and provides a range of tools for online trading. Since its beginning in 2008, First Trade has emerged as a leading player in the industry of online broker. First Trade has an extremely aggressive and full-featured trading site that is focused on forex, indices, metals, sharesand commodities.

Over the past 13 years, First Trade has grown into one of the leading online brokers.

After establishing in 2008, their client base has become as large as 10,000+ clients.

First Trade is the favorite for many dealers.. Our First Trade review found that they are an superb alternative for automated trading options. They're best suited for investors that are looking for an assortment of assets. Social and automated trading solutions are the heart at First Trade.

Technology plays a substantial role at First Trade. First Trade features trading on MT4,WEB. First Trade is fair, transparent, and a well-regulated agent by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). Their outstanding array of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.

The trader resource department at First Trade is quite insightful for new traders since it permits them to get a closer look in the financial markets. First Trade caters to all types of traders and are a must-have broker for almost any well-diversified method of online trading.

Benefits of doing online trading with First Trade?

Trading with First Trade comes with many advantages. These benefits are what sets First Trade apart from the rest of the online brokers. You should check all of the benefits listed so you have a better understanding of First Trade.

The agent goes to great lengths to comprehend what traders need. Consequently, the service cost is low, quick, and convenient. The agent also provides a number of programs for all types of traders. First Trade helps to ensure that the individual needs of all online traders are completely met.

First Trade also features excellent trading conditions which are available to just an elite class of institutional customers. The tight spreads and fast executions are a fantastic benefit for the traders. The technology adopted by First Trade is of the highest caliber, making sure that it is fast, dependable, and efficient.

First Trade admits the importance of owning a quick order execution. A fast implementation will allow users to exchange without fretting about slippage safely. It will also aid the dealers to grab the maximum profitable opportunities.

Automated trading is another important facet of First Trade. A new dealer can learn from business experts utilizing the automatic trading alternative. The tight spread starts from as low as 0.0 pips, even though they are available for only razor accounts.

First Trade has over 101 trading tools to support all kinds of traders. These tools are lively and suitable for both the new and experienced traders. The dealers can set aside all their concerns when trading with First Trade.

First Trade overview

Year Founded: 2008

Regulated By: Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)

Hedquarters: USA

Minimum Deposit: $5

Number Of Clients: 10,000+

Your capital is at risk

If you feel that First Trade is not right for you then at the bottom of this First Trade review you wil find a lot of alternatives to First Trade.

What you ought to know about trading using First Trade

First Trade is a lively platform that offers various methods of trading online. These tools cover the financial markets considerably. The Majority of the broker platforms provide fewer methods than First Trade

If you want to exchange with First Trade, you will need a minimum deposit of $5. This deposit is mandatory if you want to begin trading using First Trade. This 2021 First Trade review will guide you safely about trading with them.

First Trade is as versatile as any other broker platform. First Trade is excellent for traders that want a manageable variety of low-cost services. The platforms supplied by First Trade are third-party, white-label offerings. All traders may select from MT4,WEB.

Together with everything, First Trade has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a transaction has to be kept open. The brokers provide premium client service that rewards customers with advantages.

Many less reputable brokers attempt to pressurise customers into larger funding for superior services. First Trade, on the other hand, is more focused on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the further advantages will become available.

First Trade accounts are available around the world and provides outstanding service everywhere they have customers. There are a few countries where First Trade accounts are not available. Traders in the following countries cannot open or use a First Trade account:

Is First Trade Safe To Trade With?

Established in 2006, First Trade has been in operation for 13 years, they are headquarted in USA.

First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). These figures have rules that make sure that trading platforms have steps in place to keep investor's assets secured. This means that First Trade users do not need to worry about their money since it's segregated and safely kept in established banks. SSL encryption secures every user's personal information also.

You can make use of a choice for Two Factor Authentications (2FA) with First Trade for increased security. An SMS with the verification code will be sent to a mobile phone. You'll be required to input this code to log into your accounts.

Another concern with fiscal brokers is in regards to security may be manipulation of trading. This is highly disadvantageous to users on those platforms. However, this is more widespread in the case of Market Maker agents who compete with customers on the platform.

Pro's & Con's Of Trading With First Trade

Every online trading platform has a few pros and cons First Trade review would be complete without having a balanced approach. This First Trade review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

First Trade Pro's

  • First Trade is trusted by 10,000+ clients
  • First Trade doesn't charge inactivity fees
  • First Trade doesn't charge deposit fees
  • First Trade doesn't charge CFD fees
  • First Trade offer trading on MT4,WEB
  • First Trade offer 101 trading instruments
  • First Trade trades major forex pairs
  • First Trade can communicate in

First Trade Con's

  • First Trade does not offer Negative Balance Protection
  • First Trade does not offer Guaranteed Stop Loss
  • First Trade charge withdrawal fees
  • First Trade doesn't trade minor forex pairs
  • First Trade doesn't trade exotic forex pairs
  • First Trade doesn't offer trading on cryptocurrencies

First Trade Review - Compare Brokers Similar To First Trade

First Trade NordFX Personal Capital ATFX
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $5 $1 $100000 $100
Year Founded 2008 2008 2008 2014
Headquarters USA Mauritius USA Cyprus
Regulated By Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 Unregulated Cyprus Securities and Exchange Commission (CySEC)
Clients 10,000+ 10,000+ 10,000+ 10,000+
Find Out More
Risk Warning Your capital is at risk Losses can exceed deposits Your capital is at risk Your capital is at risk

First Trade Review - Regulation And Licencing In More Detail

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

First Trade, as a business, has a strong collection of rules for ensuring fair trading on its platform. For data encryption purposes, it supplies an industry-standard secure socket layer (SSL).

In accordance with the organization's privacy regulations, customer data is to not be shared with some other institutions or individuals. This includes credit history and other financial information.

First Trade Review - Awards

    At the time of writing this First Trade review, they had not received any awards.

First Trade Review - Minimum Deposit Required

The minimum deposit you need to begin on First Trade is $5. This is a decent amount for people just beginning. It's possible to make more advanced deposits as you cooperate. However, ensure you understand how to make the most of your cash before investing in larger sums.

First Trade Review - Commission And Fees Explained

First Trade is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. In other words, an internet broker is not necessarily influenced by the number of clients they have.

However, this does not mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily three types of fees for this purpose.

The first sort of fees to keep an eye out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In these cases, you are paying a spread, funding rate, or even a commission. The kinds of trading fees and the rates differ from broker to broker.

Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight prices are those that are billed when you hold a leveraged position for more than daily.

Aside from trading fees, online agents also bill non-trading fees. These are dependent on the activities you undertake on your account. They're billed for operations like depositing cash, not trading for long periods, or withdrawals.

Generally, First Trade doesn't charge high fees compared to other online brokers. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for people who regularly exchange, for example weekly or daily trading.

But, non-trading fees charged by First Trade are relatively greater. Consequently, you're billed more for non-trading actions in your trading accounts, like withdrawal and deposits. These aren't related to the sale and purchase of resources.

This First Trade review breaks down each of the relevant non-trading fees for you in detail.

Compare broker fees against First Trade

First Trade NordFX Personal Capital ATFX
Minimum Deposit $5 $1 $100000 $100
Withdrawal Fees variable No variable 0
Inactivity Fees No No
Deposit Fees No 0
CFD Fees Yes No

First Trade Review - Withdrawal Fees Explained

First Trade charges a withdrawal fee when you create a bank transfer. Each time you transfer money back into your bank accounts, these withdrawal charges become important.

Withdrawal of money is possible at any moment from the First Trade account. You can withdraw up sums to the amount of your account balance, keeping aside the margin used. 1 thing to remember is that you don't always have to have any money on your accounts.

In addition, the withdrawn money will be transferred directly to the accounts you use to create deposits. Thus, if you used a credit card for deposits, then the withdrawn money is going to be sent into the card. First Trade will ask you to provide other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In the event you're withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you are opting to draw in.

First Trade Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is only one of those buzzing questions that run through your head when open an account with First Trade. An inactivity fee is an amount charged to registered traders who have not participated in purchasing or selling for a while. The period regarded as inactive is determined by the agent.

The inactivity fee also differs from 1 agent to another and is not standardized. If a dealers account does not have a buying or selling transaction, it is maintained by the broker as an inactivity charge. The traders have to pay this fee under conditions and terms that they had agreed while registering.

First Trade doesn't charge inactivity fees so you are free to use your account as needed

Even if no fees have been implied by First Trade, it's best that you close the account if you are inactive. Inactivity fees aren't just charged by brokerage companies but also many financial services.

For additional trading platforms, the inactivity fee depends on the sort of account you've selected. The inactivity fee is subjected to a lot of circumstances and should be disclosed clearly by the agent beforehand.

First Trade Review - Deposit Fees Explained

When you move money into your trading account by the bank account, a deposit fee can be billed by the broker. Most agents do not charge an excessive amount of money for this particular operation.

First Trade doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing cash on the First Trade trading platform is easy. You simply have to complete a single-user profile questionnaire to start depositing money into your trading account. You'll have to provide an identity evidence and proof of residency to deposit substantial amounts.

First Trade Review - Compare Broker Deposit Methods

First Trade NordFX Personal Capital ATFX
Minimum Deposit $5 $1 $100000 $100
Credit Card No
PayPal No
Neteller Yes
Skrill No

What Can You trade With First Trade?

Note: First Trade provides a lot of different trading instruments due to regulatory restrictions in many countries. Trading instruments offered will differ depending on the country of residence of the client.

First Trade has a wide variety of over 101 instruments available for you to trade with.

If trading forex pairs is of interest to you then First Trade offer over forex pairs.

Compare First Trade, NordFX, Personal Capital & ATFX below.

First Trade NordFX Personal Capital ATFX
Platforms MT4, WEB MT4, MT5, Tablet & Mobile apps Desktop, Android, Tablet, iPhone MT4, Mac, Web Trader, Tablet & Mobile apps
Instruments Available 101 277 57
Forex & Crypto
Forex Pairs Available 45
Offers Major Forex Pairs? Yes Yes No Yes
Offers Minor Forex Pairs? No No Yes
Offers Exotic Forex Pairs? No No Yes
Offers Cryptocurrencies? No No No No
Commodity CFD's
Commodities Offered 0 0 0 0
Trade Metals? No Yes No Yes
Trade Energies? No No No No
Trade Agricultural? No No No No
Indiced & Stock CFDs
Stocks Offered 0 0 0
Trade UK Shares? No No No No
Trade US Shares? Yes No No No
Trade German Shares? No No No No
Trade Japanese Shares? No No No No

Your capital is at risk

Losses can exceed deposits

Your capital is at risk

Your capital is at risk

Alternatives To First Trade

If, after reading this First Trade review, First Trade doesn't quite fulfill your requirements check out these First Trade alternatives.

We have scoured the internet to find the best alternatives to First Trade. Click the hyperlinks below to learn more.

Frequently Asked Questions about First Trade

Can I try First Trade before I buy?

Yes, you can most definitely try First Trade before you buy. First Trade provides demo accounts for the ease of inexperienced traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.

If you register to get a demonstration account on First Trade, you will set out with a decent amount of virtual currency. It is to establish a sense of safety and confidence in you before you decide to spend your own money.

With this virtual First Tradedemo account, you are able to experiment in any way, to whatever period you desire. You might also start positions, test different trading strategies, and more.

First Trade specifies on its official site that you can trade real time stocks with your demo account.

Is First Trade safe?

You can drop all your worries since we believe that First Trade is completely safe to use. It is in compliance with the principles of Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).

Nevertheless, First Trade doesn't provide assured stop-loss protection.

Why does First Trade ask for my passport?

The reason that First Trade asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, First Trade has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, First Trade must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

How can I start trading with First Trade?

The process to start trading withFirst Trade is perhaps simple enough to be a cakewalk. You need to begin by signing up on the First Trade website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with First Trade is $5. You should have a good hold over the nuances of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with First Trade.

The best way to kickstart your trading career with First Trade is to open a demo account facility before risking any real money

What funding methods do First Trade accept?

There are multiple methods to fund your account with First Trade. The process is effortless and quick, with various payment methods in your fingertips.

You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must keep in mind that PayPal isn't available in all place. The monies First Trade

Is my money safe with First Trade?

Yes, your cash is safe and protected with First Trade. As you know, First Trade operates with proper conformation to. It's established lots of steps to protect all its own investors.

First Trade safeguards its clients' private and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.

If you wish to further protect your accounts, it is possible to empower Two-Step Verification also. It requires an SMS affirmation for you to get your account.

Is First Trade trading good?

Yes, trading through First Trade is a nice and good experience indeed. It's an excellent and intuitive platform with helpful features for your simplicity. In addition, you could even obtain access to a huge selection of educational resources and assistive material to kickstart your trading experience.

If you are still skeptical, it is possible to open a eToro demo account and assess the trustworthiness of the platform for yourself.

Which Countries does First Trade support?

First Trade operates across the world. However, due to regulations there are some countries that First Trade cannot accept clients from

Is First Trade legit?

First Trade is a legit company headquarted in USA since 2008. They are regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). First Trade is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is First Trade a good broker?

First Trade is an excellent broker, and its users can vouch for this. The highlight of the platform is its quick order execution on trades.

You'll find the clean design of the platform along with the commendable features a pleasure to work with.

Is First Trade a trustworthy broker?

Yes, First Trade is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for First Trade?

The minimum deposit to open a live account with First Trade is $5

How long do First Trade withdrawals take?

Normally, withdrawal of money from First Trade is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from First Trade to show in your bank account.

Are First Trade regulated?

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

Is First Trade a market leading broker?

First Trade is currently among the industry leaders. It supports over 10,000+ registered users and over 13 years of experience on its own record. They are one of the world's top trading platforms and also a dominant figure in the Fintech revolution.

It majorly owes this standing to its unbelievable platform and wide selection of resources plus tools so you may invest in capital markets.

Is First Trade a con?

No, First Trade is not a con. They are regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and must adhere to their rules. Thus, it is safe to say that First Trade is not a scam.

Can you make money with First Trade?

Through First Trade, many traders earn a lot of money. But typically, through continual trading, you can create between 2% - 10% profit a month.

This can look like a little number, but within the year, this adds to a substantial amount of gains. Even though First Trade provide you all of the tools to earn money, they can't guarantee that you will profit.

Does First Trade have fees?

Yes. To start trading using First Trade, you have to deposit $5. Particular commissions while trading also applies. Any processing fees from your bank will need to be incurred by you.

When was First Trade founded?

First Trade was founded in 2008 in USA. First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).

How many people use First Trade?

First Trade is a worldwide recognised broker with 10,000+ customers.

Where is the First Trade head office?

First Trade has its head office in USA

Does First Trade offer negative balance protection?

No. First Trade does not provide negative balance protection. If your balance is unfavorable, First Trade suggests that you contact client services. For this, you are able to fix any imbalances within your own account.

Does First Trade offer guaranteed stop loss?

First Trade unfortunately, doesn't provide guaranteed stop loss. First Trade gives a chance for its dealers to close their trade at their specified price. Aside from this, First Trade does not offer guaranteed stop loss.

Does First Trade allow scalping?

Yes, First Trade do permit scalping. Many traders throughout the world choose First Trade for their services that are trading. They offer trading on MT4,WEB which allow this.

Does First Trade allow hedging?

Yes, First Trade does allow hedging.

Can you trade energies with First Trade?

No, unfortunately you cannot trade energy stock with First Trade

Can you trade agricultural shares with First Trade?

No, unfortunately you cannot trade agricultural stock with First Trade

Can you trade cryptocurrency with First Trade?

No, unfortunately you cannot trade cryptocurrency with First Trade

Can you trade metals with First Trade?

No, unfortunately you cannot trade metals with First Trade

Can you trade UK Shares with First Trade?

No, unfortunately you cannot trade UK shares with First Trade

Can you trade US Shares with First Trade?

Yes, you can trade US shares with First Trade

Can you trade Japanese Shares with First Trade?

No, unfortunately you cannot trade Japanese shares with First Trade

Can you trade German Shares with First Trade?

No, unfortunately you cannot trade German shares with First Trade

Does First Trade accept bank transfers?

No, First Trade does not accept bank transfers.

Does First Trade accept credit cards?

No, First Trade does not accept credit cards.

Does First Trade accept PayPal?

No, First Trade does not accept PayPal.

Does First Trade accept Skrill?

No, First Trade does not accept Skrill.

Does First Trade accept Payoneer?

No, First Trade does not accept Payoneer.

Does First Trade accept Neteller?

No, First Trade does not accept Neteller.

Does First Trade offer Live Chat customer support?

No, First Trade does not offer customer support through live chat.

Does First Trade offer phone customer support?

No, First Trade does not offer customer support over the telephone.

Does First Trade offer email customer support?

No, First Trade does not offer customer support through email.

What languages can First Trade communicate in?

First Trade has the ability to communicate and support customers who speak:

Does First Trade have a wikipedia page?

No, First Trade does not have an official wikipedia page.

Does First Trade offer demo accounts?

Yes, First Trade offers demo accounts so you can learn their systems before risking any real money.