Evolution Brokers
First Trade
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Overview
Evolution Brokers was founded in 2008 and is headquartered in Belize, while First Trade was established in 2008 and is based in USA. Evolution Brokers holds licences including Cyprus Securities and Exchange Commission (CySEC), while First Trade is regulated by Securities and Exchange Commission (SEC) among others. Evolution Brokers serves 10,000+ clients worldwide; First Trade has 10,000+. The minimum deposit is $300 at Evolution Brokers and $5 at First Trade.
| Feature | Evolution Brokers | First Trade |
|---|---|---|
| Min. Deposit | $300 | $5 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 2008 | 2008 |
| Country | Belize | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Evolution Brokers and First Trade, directly affecting your bottom line as a trader. Evolution Brokers has a lower barrier to entry with a minimum deposit of $300 (vs $5 at First Trade). Both brokers charge withdrawal fees. Evolution Brokers applies inactivity fees on dormant accounts; First Trade does not. First Trade charges deposit fees; Evolution Brokers does not. Overall, First Trade scores higher on fees in our assessment.
| Feature | Evolution Brokers | First Trade |
|---|---|---|
| Min. Deposit | $300 | $5 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Evolution Brokers 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 | Evolution Brokers | 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,Desktop,iPhone,Mac | MT4,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Evolution Brokers 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 | Evolution Brokers | 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. Evolution Brokers 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 | Evolution Brokers | 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 Evolution Brokers 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 | Evolution Brokers | First Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |