Argonaut Securities
First Trade
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Argonaut Securities was founded in 2009 and is headquartered in Australia, while First Trade was established in 2008 and is based in USA. Argonaut Securities holds licences including Australian Securities Exchange (ASX), while First Trade is regulated by Securities and Exchange Commission (SEC) among others. Argonaut Securities serves 10,000+ clients worldwide; First Trade has 10,000+. The minimum deposit is $1 at Argonaut Securities and $5 at First Trade.
| Feature | Argonaut Securities | First Trade |
|---|---|---|
| Min. Deposit | $1 | $5 |
| Regulation | Australian Securities Exchange (ASX), Australian Securities and Investment Commission (ASIC), Securities and Futures Ordinance (SFO), Securities and Futures Commission (SFC) | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 2009 | 2008 |
| Country | Australia | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Argonaut Securities and First Trade, directly affecting your bottom line as a trader. Argonaut Securities has a lower barrier to entry with a minimum deposit of $1 (vs $5 at First Trade). First Trade charges withdrawal fees while Argonaut Securities does not, giving Argonaut Securities an edge for frequent withdrawers. Argonaut Securities charges deposit fees; First Trade does not. The two brokers are broadly comparable on fee structure.
| Feature | Argonaut Securities | First Trade |
|---|---|---|
| Min. Deposit | $1 | $5 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | No |
Platforms
Argonaut Securities offers MT4, MT5, cTrader, while First Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Argonaut Securities supports social and copy trading features, which First Trade does not offer. The two brokers are closely matched on platform offering.
| Feature | Argonaut Securities | 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 | Android,WEB,Desktop,iPhone,Mac | MT4,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Argonaut Securities and First Trade compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | Argonaut Securities | First Trade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Argonaut Securities 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 | Argonaut Securities | 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 Argonaut Securities 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 | Argonaut Securities | First Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |