First Trade
Robinhood
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Overview
First Trade was founded in 2008 and is headquartered in USA, while Robinhood was established in 2013 and is based in USA. First Trade holds licences including Securities and Exchange Commission (SEC), while Robinhood is regulated by Financial Conduct Authority (FCA) among others. First Trade serves 10,000+ clients worldwide; Robinhood has 10,000,000+. The minimum deposit is $5 at First Trade and $0 at Robinhood.
| Feature | First Trade | Robinhood |
|---|---|---|
| Min. Deposit | $5 | $0 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Founded | 2008 | 2013 |
| Country | USA | USA |
| Clients | 10,000+ | 10,000,000+ |
Fees
Fees are a critical factor when choosing between First Trade and Robinhood, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $5 at First Trade). First Trade charges withdrawal fees while Robinhood does not, a notable advantage for frequent withdrawers. First Trade charges deposit fees; Robinhood does not. The two brokers are broadly comparable on fee structure.
| Feature | First Trade | Robinhood |
|---|---|---|
| Min. Deposit | $5 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
First Trade offers MT4, MT5, cTrader, while Robinhood supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Robinhood 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 | Robinhood |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,WEB | Web Trader, 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 Robinhood 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 | First Trade | Robinhood |
|---|---|---|
| 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. First Trade accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Robinhood supports 1 (bank transfer). First Trade uniquely supports credit/debit card among the two brokers. First Trade scores higher on deposit and withdrawal flexibility.
| Feature | First Trade | Robinhood |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| 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 Robinhood offer live chat support. First Trade offers phone support; Robinhood does not. Email support is available at both brokers. First Trade supports 2 languages and Robinhood supports 13, giving Robinhood broader global reach. First Trade scores higher overall on customer support in our assessment.
| Feature | First Trade | Robinhood |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |