Blitzbrokers
First Trade
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Overview
Blitzbrokers was founded in 1982 and is headquartered in Hong Kong, while First Trade was established in 2008 and is based in USA. Blitzbrokers holds licences including Securities and Futures Commission (SFC), while First Trade is regulated by Securities and Exchange Commission (SEC) among others. Blitzbrokers serves 10,000+ clients worldwide; First Trade has 10,000+. The minimum deposit is $1 at Blitzbrokers and $5 at First Trade.
| Feature | Blitzbrokers | First Trade |
|---|---|---|
| Min. Deposit | $1 | $5 |
| Regulation | Securities and Futures Commission (SFC) | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 1982 | 2008 |
| Country | Hong Kong | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Blitzbrokers and First Trade, directly affecting your bottom line as a trader. Blitzbrokers has a lower barrier to entry with a minimum deposit of $1 (vs $5 at First Trade). First Trade charges withdrawal fees while Blitzbrokers does not, giving Blitzbrokers an edge for frequent withdrawers. First Trade charges deposit fees; Blitzbrokers does not. The two brokers are broadly comparable on fee structure.
| Feature | Blitzbrokers | First Trade |
|---|---|---|
| Min. Deposit | $1 | $5 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Blitzbrokers offers MT5, cTrader, while First Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Blitzbrokers supports social and copy trading features, which First Trade does not offer. First Trade edges ahead on platform breadth and functionality in our scoring.
| Feature | Blitzbrokers | First Trade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop,WEB,Android | MT4,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Blitzbrokers and First Trade compare. First Trade runs regular live webinars; Blitzbrokers does not. Both provide video tutorials. First Trade publishes daily market commentary; Blitzbrokers 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 | Blitzbrokers | 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. Blitzbrokers 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 | Blitzbrokers | 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 Blitzbrokers 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 | Blitzbrokers | First Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |