B
First Trade logo

First Trade

7.5/10
rfxt lebanon logo

rfxt lebanon

7/10
3/10RegulationWinner10/10
10/10WinnerFees0/10
9/10PlatformsTied9/10
10/10WinnerEducation & Research0/10
4/10Deposits & WithdrawalsWinner10/10
10/10SupportTied10/10

BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.

Overview

First Trade was founded in 2008 and is headquartered in USA, while rfxt lebanon was established in 2010 and is based in Australia. First Trade holds licences including Securities and Exchange Commission (SEC), while rfxt lebanon is regulated by Financial Conduct Authority (FCA) among others. First Trade serves 10,000+ clients worldwide; rfxt lebanon has 60,000+. The minimum deposit is $5 at First Trade and $250 at rfxt lebanon.

First Trade wins this category
FeatureFirst Traderfxt lebanon
Min. Deposit$5$250
RegulationSecurities 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-F301
Founded20082010
CountryUSAAustralia
Clients10,000+60,000+

Fees

Fees are a critical factor when choosing between First Trade and rfxt lebanon, directly affecting your bottom line as a trader. rfxt lebanon has a lower barrier to entry with a minimum deposit of $250 (vs $5 at First Trade). Both brokers charge withdrawal fees. First Trade charges deposit fees; rfxt lebanon does not. Overall, First Trade scores higher on fees in our assessment.

First Trade wins this category
FeatureFirst Traderfxt lebanon
Min. Deposit$5$250
Withdrawal FeesYesYes
Inactivity FeesNoNo
Deposit FeesYesYes
CFD FeesNoNo

Platforms

First Trade offers MT4, MT5, cTrader, while rfxt lebanon supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.

Tied
FeatureFirst Traderfxt lebanon
MT4YesYes
MT5YesYes
cTraderYesYes
Windows AppYesYes
iOS AppYesYes
Android AppYesYes
Trading PlatformsMT4,WEBMT4, 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 rfxt lebanon compare. First Trade runs regular live webinars; rfxt lebanon does not. First Trade has a video library; rfxt lebanon does not. First Trade publishes daily market commentary; rfxt lebanon does not. First Trade integrates third-party research tools (Trading Central, Autochartist); rfxt lebanon does not. First Trade maintains an archive of past webinars for on-demand viewing. First Trade scores higher overall in education and research.

First Trade wins this category
FeatureFirst Traderfxt lebanon
Forex EducationYesNo
CFD EducationYesNo
Weekly WebinarsYesNo
Daily CommentaryYesNo
Trading CentralYesNo
AutochartistYesNo

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 rfxt lebanon supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). rfxt lebanon uniquely supports PayPal and Skrill and Neteller among the two brokers. rfxt lebanon scores higher on deposit and withdrawal flexibility.

rfxt lebanon wins this category
FeatureFirst Traderfxt lebanon
Bank TransferYesYes
Credit CardYesYes
PayPalNoYes
SkrillNoYes
NetellerNoYes

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 rfxt lebanon offer live chat support. Both provide phone support. Email support is available at both brokers. First Trade supports 2 languages and rfxt lebanon supports 8, giving rfxt lebanon broader global reach. Both brokers are comparable on support quality.

Tied
FeatureFirst Traderfxt lebanon
Live ChatYesYes
Phone SupportYesYes
Email SupportYesYes
LanguagesEnglish, and ChineseEnglish, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic