Chase Bank
First Trade
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Overview
Chase Bank was founded in 1975 and is headquartered in United States, while First Trade was established in 2008 and is based in USA. Chase Bank holds licences including Australian Securities and Investment Commission (ASIC), while First Trade is regulated by Securities and Exchange Commission (SEC) among others. Chase Bank serves 10,000+ clients worldwide; First Trade has 10,000+. The minimum deposit is $100 at Chase Bank and $5 at First Trade.
| Feature | Chase Bank | First Trade |
|---|---|---|
| Min. Deposit | $100 | $5 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 1975 | 2008 |
| Country | United States | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Chase Bank and First Trade, directly affecting your bottom line as a trader. Chase Bank has a lower barrier to entry with a minimum deposit of $100 (vs $5 at First Trade). First Trade charges withdrawal fees while Chase Bank does not, giving Chase Bank an edge for frequent withdrawers. First Trade charges deposit fees; Chase Bank does not. Overall, First Trade scores higher on fees in our assessment.
| Feature | Chase Bank | First Trade |
|---|---|---|
| Min. Deposit | $100 | $5 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Chase Bank 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 | Chase Bank | 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 | Desktop,Android,iPhone/iPad,Mac | MT4,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Chase Bank 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 | Chase Bank | 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. Chase Bank 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 | Chase Bank | 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 Chase Bank 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 | Chase Bank | First Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |