AvaTrade
First Trade
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while First Trade was established in 2008 and is based in USA. AvaTrade holds licences including Central Bank of Ireland, while First Trade is regulated by Securities and Exchange Commission (SEC) among others. AvaTrade serves 200,000+ clients worldwide; First Trade has 10,000+. The minimum deposit is $250 at AvaTrade and $5 at First Trade.
| Feature | AvaTrade | First Trade |
|---|---|---|
| Min. Deposit | $250 | $5 |
| Regulation | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 2006 | 2008 |
| Country | The British Virgin Islands | USA |
| Clients | 200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and First Trade, directly affecting your bottom line as a trader. AvaTrade has a lower barrier to entry with a minimum deposit of $250 (vs $5 at First Trade). First Trade charges withdrawal fees while AvaTrade does not, giving AvaTrade an edge for frequent withdrawers. First Trade charges deposit fees; AvaTrade does not. Overall, First Trade scores higher on fees in our assessment.
| Feature | AvaTrade | First Trade |
|---|---|---|
| Min. Deposit | $250 | $5 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
AvaTrade offers MT4, MT5, cTrader, while First Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. AvaTrade supports social and copy trading features, which First Trade does not offer. The two brokers are closely matched on platform offering.
| Feature | AvaTrade | 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, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and First Trade compare. First Trade runs regular live webinars; AvaTrade does not. Both provide video tutorials. First Trade publishes daily market commentary; AvaTrade 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 | AvaTrade | 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. AvaTrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while First Trade supports 2 (bank transfer, credit/debit card). AvaTrade uniquely supports PayPal and Neteller among the two brokers. AvaTrade scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | First Trade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | 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 AvaTrade and First Trade offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and First Trade supports 2, giving AvaTrade broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | First Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, and Chinese |