Abshire Smith
First Trade
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Overview
Abshire Smith was founded in 1997 and is headquartered in United kingdom, while First Trade was established in 2008 and is based in USA. Abshire Smith holds licences including Financial Conduct Authority (FCA), while First Trade is regulated by Securities and Exchange Commission (SEC) among others. Abshire Smith serves 10,000+ clients worldwide; First Trade has 10,000+. The minimum deposit is $500 at Abshire Smith and $5 at First Trade.
| Feature | Abshire Smith | First Trade |
|---|---|---|
| Min. Deposit | $500 | $5 |
| Regulation | Financial Conduct Authority (FCA) | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 1997 | 2008 |
| Country | United kingdom | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Abshire Smith and First Trade, directly affecting your bottom line as a trader. First Trade has a lower barrier to entry with a minimum deposit of $5 (vs $500 at Abshire Smith). First Trade charges withdrawal fees while Abshire Smith does not, giving Abshire Smith an edge for frequent withdrawers. Abshire Smith charges deposit fees; First Trade does not. Overall, First Trade scores higher on fees in our assessment.
| Feature | Abshire Smith | First Trade |
|---|---|---|
| Min. Deposit | $500 | $5 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | No |
Platforms
Abshire Smith offers MT4, MT5, cTrader, while First Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Abshire Smith supports social and copy trading features, which First Trade does not offer. The two brokers are closely matched on platform offering.
| Feature | Abshire Smith | First Trade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4, cTrader Platform | MT4,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Abshire Smith and First Trade compare. First Trade runs regular live webinars; Abshire Smith does not. First Trade has a video library; Abshire Smith does not. First Trade publishes daily market commentary; Abshire Smith does not. First Trade integrates third-party research tools (Trading Central, Autochartist); Abshire Smith does not. First Trade maintains an archive of past webinars for on-demand viewing. First Trade scores higher overall in education and research.
| Feature | Abshire Smith | 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. Abshire Smith accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while First Trade supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Abshire Smith | First Trade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | 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. Both Abshire Smith and First Trade offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Abshire Smith | First Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |