alpari
First Trade
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Overview
alpari was founded in 2015 and is headquartered in New Zealand, while First Trade was established in 2008 and is based in USA. alpari holds licences including Financial Conduct Authority (FCA), while First Trade is regulated by Securities and Exchange Commission (SEC) among others. alpari serves 10,000+ clients worldwide; First Trade has 10,000+. The minimum deposit is $250 at alpari and $5 at First Trade.
| Feature | alpari | First Trade |
|---|---|---|
| Min. Deposit | $250 | $5 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F222 | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 2015 | 2008 |
| Country | New Zealand | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between alpari and First Trade, directly affecting your bottom line as a trader. alpari has a lower barrier to entry with a minimum deposit of $250 (vs $5 at First Trade). Both brokers charge withdrawal fees. alpari charges deposit fees; First Trade does not. Overall, First Trade scores higher on fees in our assessment.
| Feature | alpari | First Trade |
|---|---|---|
| Min. Deposit | $250 | $5 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
alpari offers MT4, MT5, cTrader, while First Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | alpari | 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 | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how alpari and First Trade compare. First Trade runs regular live webinars; alpari does not. Both provide video tutorials. First Trade publishes daily market commentary; alpari does not. Both integrate third-party research tools. First Trade maintains an archive of past webinars for on-demand viewing. First Trade scores higher overall in education and research.
| Feature | alpari | First Trade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. alpari accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while First Trade supports 2 (bank transfer, credit/debit card). alpari uniquely supports PayPal and Skrill and Neteller among the two brokers. alpari scores higher on deposit and withdrawal flexibility.
| Feature | alpari | First Trade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both alpari and First Trade offer live chat support. Both provide phone support. Email support is available at both brokers. alpari supports 8 languages and First Trade supports 2, giving alpari broader global reach. Both brokers are comparable on support quality.
| Feature | alpari | First Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |