amarkets
First Trade
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Overview
amarkets was founded in 2016 and is headquartered in United Kingdom, while First Trade was established in 2008 and is based in USA. amarkets holds licences including Financial Conduct Authority (FCA), while First Trade is regulated by Securities and Exchange Commission (SEC) among others. amarkets serves 1,000,000+ clients worldwide; First Trade has 10,000+. The minimum deposit is $250 at amarkets and $5 at First Trade.
| Feature | amarkets | 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-F223 | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 2016 | 2008 |
| Country | United Kingdom | USA |
| Clients | 1,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between amarkets and First Trade, directly affecting your bottom line as a trader. amarkets has a lower barrier to entry with a minimum deposit of $250 (vs $5 at First Trade). Both brokers charge withdrawal fees. amarkets charges deposit fees; First Trade does not. Overall, First Trade scores higher on fees in our assessment.
| Feature | amarkets | First Trade |
|---|---|---|
| Min. Deposit | $250 | $5 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | No |
Platforms
amarkets 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 | amarkets | 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 amarkets and First Trade compare. First Trade runs regular live webinars; amarkets does not. Both provide video tutorials. First Trade publishes daily market commentary; amarkets 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 | amarkets | 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. amarkets 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). amarkets uniquely supports PayPal and Skrill and Neteller among the two brokers. amarkets scores higher on deposit and withdrawal flexibility.
| Feature | amarkets | 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 amarkets and First Trade offer live chat support. Both provide phone support. Email support is available at both brokers. amarkets supports 8 languages and First Trade supports 2, giving amarkets broader global reach. Both brokers are comparable on support quality.
| Feature | amarkets | 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 |