AB Forex
First Trade
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Overview
AB Forex was founded in 2003 and is headquartered in STOCKHOLM, while First Trade was established in 2008 and is based in USA. AB Forex holds licences including Unregulated, while First Trade is regulated by Securities and Exchange Commission (SEC) among others. AB Forex serves 10,000+ clients worldwide; First Trade has 10,000+. The minimum deposit is $100 at AB Forex and $5 at First Trade.
| Feature | AB Forex | First Trade |
|---|---|---|
| Min. Deposit | $100 | $5 |
| Regulation | Unregulated | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 2003 | 2008 |
| Country | STOCKHOLM | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AB Forex and First Trade, directly affecting your bottom line as a trader. AB Forex has a lower barrier to entry with a minimum deposit of $100 (vs $5 at First Trade). Both brokers charge withdrawal fees. AB Forex applies inactivity fees on dormant accounts; First Trade does not. AB Forex charges deposit fees; First Trade does not. Overall, First Trade scores higher on fees in our assessment.
| Feature | AB Forex | First Trade |
|---|---|---|
| Min. Deposit | $100 | $5 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
First Trade edges ahead on platform breadth and functionality in our scoring.
| Feature | AB Forex | First Trade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | No | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | DealBook├é┬¼├âÔÇá 360 (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | MT4,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AB Forex and First Trade compare. First Trade runs regular live webinars; AB Forex does not. First Trade has a video library; AB Forex does not. First Trade publishes daily market commentary; AB Forex does not. First Trade integrates third-party research tools (Trading Central, Autochartist); AB Forex does not. First Trade maintains an archive of past webinars for on-demand viewing. First Trade scores higher overall in education and research.
| Feature | AB Forex | First Trade |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. First Trade uniquely supports bank transfer and credit/debit card among the two brokers. First Trade scores higher on deposit and withdrawal flexibility.
| Feature | AB Forex | First Trade |
|---|---|---|
| Bank Transfer | No | Yes |
| Credit Card | No | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. First Trade offers live chat; AB Forex does not, making First Trade easier to reach in real time. First Trade offers phone support; AB Forex does not. First Trade offers email support; no email support was found for AB Forex. Both brokers offer support in 2 languages. First Trade scores higher overall on customer support in our assessment.
| Feature | AB Forex | First Trade |
|---|---|---|
| Live Chat | No | Yes |
| Phone Support | No | Yes |
| Email Support | No | Yes |
| Languages | English, and Chinese | English, and Chinese |