CM Trading
First Trade
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Overview
CM Trading was founded in 2011 and is headquartered in Seychelles, while First Trade was established in 2008 and is based in USA. CM Trading holds licences including Financial Sector Conduct Authority (FSCA), while First Trade is regulated by Securities and Exchange Commission (SEC) among others. CM Trading serves 10,000+ clients worldwide; First Trade has 10,000+. The minimum deposit is $250 at CM Trading and $5 at First Trade.
| Feature | CM Trading | First Trade |
|---|---|---|
| Min. Deposit | $250 | $5 |
| Regulation | Financial Sector Conduct Authority (FSCA) | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 2011 | 2008 |
| Country | Seychelles | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between CM Trading and First Trade, directly affecting your bottom line as a trader. CM Trading has a lower barrier to entry with a minimum deposit of $250 (vs $5 at First Trade). First Trade charges withdrawal fees while CM Trading does not, giving CM Trading an edge for frequent withdrawers. CM Trading applies inactivity fees on dormant accounts; First Trade does not. First Trade charges deposit fees; CM Trading does not. Overall, First Trade scores higher on fees in our assessment.
| Feature | CM Trading | First Trade |
|---|---|---|
| Min. Deposit | $250 | $5 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | No |
Platforms
CM Trading offers MT4, MT5, cTrader, while First Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. CM Trading supports social and copy trading features, which First Trade does not offer. The two brokers are closely matched on platform offering.
| Feature | CM Trading | 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, Mirror Trader, Sirix, 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 CM Trading and First Trade compare. First Trade runs regular live webinars; CM Trading does not. Both provide video tutorials. First Trade publishes daily market commentary; CM Trading 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 | CM Trading | 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. CM Trading 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 | CM Trading | 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 CM Trading 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 | CM Trading | First Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |