First Trade
Forex EE
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Overview
First Trade was founded in 2008 and is headquartered in USA, while Forex EE was established in 2008 and is based in Grenadines. First Trade holds licences including Securities and Exchange Commission (SEC), while Forex EE is regulated by Ministry of Economic Affairs in Estonia among others. First Trade serves 10,000+ clients worldwide; Forex EE has 10,000+. The minimum deposit is $5 at First Trade and $100 at Forex EE.
| Feature | First Trade | Forex EE |
|---|---|---|
| Min. Deposit | $5 | $100 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Ministry of Economic Affairs in Estonia |
| Founded | 2008 | 2008 |
| Country | USA | Grenadines |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between First Trade and Forex EE, directly affecting your bottom line as a trader. Forex EE has a lower barrier to entry with a minimum deposit of $100 (vs $5 at First Trade). Both brokers charge withdrawal fees. First Trade charges deposit fees; Forex EE does not. Overall, First Trade scores higher on fees in our assessment.
| Feature | First Trade | Forex EE |
|---|---|---|
| Min. Deposit | $5 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
First Trade offers MT4, MT5, cTrader, while Forex EE supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. First Trade edges ahead on platform breadth and functionality in our scoring.
| Feature | First Trade | Forex EE |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,WEB | MetaTrader 4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how First Trade and Forex EE compare. First Trade runs regular live webinars; Forex EE does not. Both provide video tutorials. First Trade publishes daily market commentary; Forex EE 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 | First Trade | Forex EE |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. First Trade accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Forex EE supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | First Trade | Forex EE |
|---|---|---|
| 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 First Trade and Forex EE 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 | First Trade | Forex EE |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |