City Of Investment
First Trade
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Overview
City Of Investment was founded in 2009 and is headquartered in United Kingdom, while First Trade was established in 2008 and is based in USA. City Of Investment holds licences including Financial Markets Authority (FMA), while First Trade is regulated by Securities and Exchange Commission (SEC) among others. City Of Investment serves 10,000+ clients worldwide; First Trade has 10,000+. The minimum deposit is $3000 at City Of Investment and $5 at First Trade.
| Feature | City Of Investment | First Trade |
|---|---|---|
| Min. Deposit | $3000 | $5 |
| Regulation | Financial Markets Authority (FMA) | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 2009 | 2008 |
| Country | United Kingdom | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between City Of Investment and First Trade, directly affecting your bottom line as a trader. City Of Investment has a lower barrier to entry with a minimum deposit of $3000 (vs $5 at First Trade). Both brokers charge withdrawal fees. City Of Investment applies inactivity fees on dormant accounts; First Trade does not. City Of Investment charges deposit fees; First Trade does not. Overall, First Trade scores higher on fees in our assessment.
| Feature | City Of Investment | First Trade |
|---|---|---|
| Min. Deposit | $3000 | $5 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
City Of Investment 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 | City Of Investment | 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 Apps,iPhone/iPad,Desktop | MT4,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how City Of Investment and First Trade compare. First Trade runs regular live webinars; City Of Investment does not. Both provide video tutorials. First Trade publishes daily market commentary; City Of Investment 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 | City Of Investment | 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. City Of Investment 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 | City Of Investment | 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 City Of Investment 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 | City Of Investment | First Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |