First Trade
Nadex
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Overview
First Trade was founded in 2008 and is headquartered in USA, while Nadex was established in 2008 and is based in USA. First Trade holds licences including Securities and Exchange Commission (SEC), while Nadex is regulated by Unregulated among others. First Trade serves 10,000+ clients worldwide; Nadex has 10,000+. The minimum deposit is $5 at First Trade and $250 at Nadex.
| Feature | First Trade | Nadex |
|---|---|---|
| Min. Deposit | $5 | $250 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Unregulated |
| Founded | 2008 | 2008 |
| Country | USA | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between First Trade and Nadex, directly affecting your bottom line as a trader. Nadex has a lower barrier to entry with a minimum deposit of $250 (vs $5 at First Trade). First Trade charges withdrawal fees while Nadex does not, a notable advantage for frequent withdrawers. Nadex applies inactivity fees on dormant accounts; First Trade does not. First Trade charges deposit fees; Nadex does not. Overall, First Trade scores higher on fees in our assessment.
| Feature | First Trade | Nadex |
|---|---|---|
| Min. Deposit | $5 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | No | Yes |
Platforms
First Trade offers MT4, MT5, cTrader, while Nadex supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Nadex 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 | First Trade | Nadex |
|---|---|---|
| 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 | Web,iPad,mac,Desktop,iPhoneiOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how First Trade and Nadex compare. First Trade runs regular live webinars; Nadex does not. First Trade has a video library; Nadex does not. First Trade publishes daily market commentary; Nadex does not. First Trade integrates third-party research tools (Trading Central, Autochartist); Nadex does not. First Trade maintains an archive of past webinars for on-demand viewing. First Trade scores higher overall in education and research.
| Feature | First Trade | Nadex |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| 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 Nadex supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | First Trade | Nadex |
|---|---|---|
| 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 Nadex 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 | Nadex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |