eToro
First Trade
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Overview
eToro was founded in 2007 and is headquartered in Cyprus, UK, while First Trade was established in 2008 and is based in USA. eToro holds licences including Financial Conduct Authority (FCA), while First Trade is regulated by Securities and Exchange Commission (SEC) among others. eToro serves 20,000,000+ clients worldwide; First Trade has 10,000+. The minimum deposit is $50 at eToro and $5 at First Trade.
eToro
First Trade
| Feature | eToro | First Trade |
|---|---|---|
| Min. Deposit | $50 | $5 |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 2007 | 2008 |
| Country | Cyprus, UK | USA |
| Clients | 20,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between eToro and First Trade, directly affecting your bottom line as a trader. First Trade has a lower barrier to entry with a minimum deposit of $5 (vs $50 at eToro). Both brokers charge withdrawal fees. eToro applies inactivity fees on dormant accounts; First Trade does not. First Trade charges deposit fees; eToro does not. The two brokers are broadly comparable on fee structure.
| Feature | eToro | First Trade |
|---|---|---|
| Min. Deposit | $50 | $5 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
eToro offers MT4, MT5, cTrader, a proprietary platform, while First Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. eToro supports social and copy trading features, which First Trade does not offer. eToro edges ahead on platform breadth and functionality in our scoring.
| Feature | eToro | 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 | 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 eToro 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 | eToro | 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. eToro accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while First Trade supports 2 (bank transfer, credit/debit card). eToro uniquely supports PayPal and Skrill and Neteller among the two brokers. eToro scores higher on deposit and withdrawal flexibility.
| Feature | eToro | First Trade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both eToro and First Trade offer live chat support. Both provide phone support. Email support is available at both brokers. eToro supports 5 languages and First Trade supports 2, giving eToro broader global reach. Both brokers are comparable on support quality.
| Feature | eToro | First Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, Spanish, French, and Italian | English, and Chinese |