Alpha Capital Markets
First Trade
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Overview
Alpha Capital Markets was founded in 1999 and is headquartered in UK, while First Trade was established in 2008 and is based in USA. Alpha Capital Markets holds licences including Unregulated, while First Trade is regulated by Securities and Exchange Commission (SEC) among others. Alpha Capital Markets serves 10,000+ clients worldwide; First Trade has 10,000+. The minimum deposit is $0 at Alpha Capital Markets and $5 at First Trade.
| Feature | Alpha Capital Markets | First Trade |
|---|---|---|
| Min. Deposit | $0 | $5 |
| Regulation | Unregulated | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 1999 | 2008 |
| Country | UK | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Alpha Capital Markets and First Trade, directly affecting your bottom line as a trader. Alpha Capital Markets has a lower barrier to entry with a minimum deposit of $0 (vs $5 at First Trade). First Trade charges withdrawal fees while Alpha Capital Markets does not, giving Alpha Capital Markets an edge for frequent withdrawers. Alpha Capital Markets applies inactivity fees on dormant accounts; First Trade does not. First Trade charges deposit fees; Alpha Capital Markets does not. The two brokers are broadly comparable on fee structure.
| Feature | Alpha Capital Markets | First Trade |
|---|---|---|
| Min. Deposit | $0 | $5 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Alpha Capital Markets offers MT4, MT5, cTrader, while First Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Alpha Capital Markets supports social and copy trading features, which First Trade does not offer. The two brokers are closely matched on platform offering.
| Feature | Alpha Capital Markets | 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 - desktop, iOS and Android versions available. | MT4,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alpha Capital Markets and First Trade compare. First Trade runs regular live webinars; Alpha Capital Markets does not. Both provide video tutorials. First Trade publishes daily market commentary; Alpha Capital Markets 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 | Alpha Capital Markets | 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. Alpha Capital Markets 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 | Alpha Capital Markets | 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 Alpha Capital Markets 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 | Alpha Capital Markets | First Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |