EagleFX
First Trade
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Overview
EagleFX was founded in 2019 and is headquartered in Dominica, while First Trade was established in 2008 and is based in USA. EagleFX holds licences including Unregulated, while First Trade is regulated by Securities and Exchange Commission (SEC) among others. EagleFX serves 5,000+ clients worldwide; First Trade has 10,000+. The minimum deposit is $10 at EagleFX and $5 at First Trade.
| Feature | EagleFX | First Trade |
|---|---|---|
| Min. Deposit | $10 | $5 |
| Regulation | Unregulated | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 2019 | 2008 |
| Country | Dominica | USA |
| Clients | 5,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between EagleFX and First Trade, directly affecting your bottom line as a trader. EagleFX has a lower barrier to entry with a minimum deposit of $10 (vs $5 at First Trade). Both brokers charge withdrawal fees. EagleFX applies inactivity fees on dormant accounts; First Trade does not. First Trade charges deposit fees; EagleFX does not. The two brokers are broadly comparable on fee structure.
| Feature | EagleFX | First Trade |
|---|---|---|
| Min. Deposit | $10 | $5 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
EagleFX offers MT4, MT5, cTrader, a proprietary platform, while First Trade supports MT4, MT5, cTrader. EagleFX 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 | EagleFX | First Trade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, 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 EagleFX and First Trade compare. First Trade runs regular live webinars; EagleFX does not. First Trade has a video library; EagleFX does not. First Trade publishes daily market commentary; EagleFX does not. First Trade integrates third-party research tools (Trading Central, Autochartist); EagleFX does not. First Trade maintains an archive of past webinars for on-demand viewing. First Trade scores higher overall in education and research.
| Feature | EagleFX | First Trade |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. EagleFX 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 | EagleFX | 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 EagleFX 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 | EagleFX | First Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |