First Trade
fx central clearing
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Overview
First Trade was founded in 2008 and is headquartered in USA, while fx central clearing was established in 2015 and is based in Portugal. First Trade holds licences including Securities and Exchange Commission (SEC), while fx central clearing is regulated by Financial Conduct Authority (FCA) among others. First Trade serves 10,000+ clients worldwide; fx central clearing has 30,000+. The minimum deposit is $5 at First Trade and $250 at fx central clearing.
| Feature | First Trade | fx central clearing |
|---|---|---|
| Min. Deposit | $5 | $250 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F234 |
| Founded | 2008 | 2015 |
| Country | USA | Portugal |
| Clients | 10,000+ | 30,000+ |
Fees
Fees are a critical factor when choosing between First Trade and fx central clearing, directly affecting your bottom line as a trader. fx central clearing has a lower barrier to entry with a minimum deposit of $250 (vs $5 at First Trade). First Trade charges withdrawal fees while fx central clearing does not, a notable advantage for frequent withdrawers. fx central clearing applies inactivity fees on dormant accounts; First Trade does not. First Trade charges deposit fees; fx central clearing does not. Overall, First Trade scores higher on fees in our assessment.
| Feature | First Trade | fx central clearing |
|---|---|---|
| Min. Deposit | $5 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
First Trade offers MT4, MT5, cTrader, while fx central clearing supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | First Trade | fx central clearing |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,WEB | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how First Trade and fx central clearing 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. First Trade scores higher overall in education and research.
| Feature | First Trade | fx central clearing |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
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 fx central clearing supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fx central clearing uniquely supports PayPal and Skrill and Neteller among the two brokers. fx central clearing scores higher on deposit and withdrawal flexibility.
| Feature | First Trade | fx central clearing |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
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 fx central clearing offer live chat support. Both provide phone support. Email support is available at both brokers. First Trade supports 2 languages and fx central clearing supports 8, giving fx central clearing broader global reach. Both brokers are comparable on support quality.
| Feature | First Trade | fx central clearing |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |