First Trade
Trade Zero
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Overview
First Trade was founded in 2008 and is headquartered in USA, while Trade Zero was established in 2014 and is based in Bahamas. First Trade holds licences including Securities and Exchange Commission (SEC), while Trade Zero is regulated by Securities Commission of the Bahamas (SCB) among others. First Trade serves 10,000+ clients worldwide; Trade Zero has 2,000+. The minimum deposit is $5 at First Trade and $500 at Trade Zero.
| Feature | First Trade | Trade Zero |
|---|---|---|
| Min. Deposit | $5 | $500 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Securities Commission of the Bahamas (SCB) |
| Founded | 2008 | 2014 |
| Country | USA | Bahamas |
| Clients | 10,000+ | 2,000+ |
Fees
Fees are a critical factor when choosing between First Trade and Trade Zero, directly affecting your bottom line as a trader. First Trade has a lower barrier to entry with a minimum deposit of $5 (vs $500 at Trade Zero). First Trade charges withdrawal fees while Trade Zero does not, a notable advantage for frequent withdrawers. First Trade charges deposit fees; Trade Zero does not. Overall, First Trade scores higher on fees in our assessment.
| Feature | First Trade | Trade Zero |
|---|---|---|
| Min. Deposit | $5 | $500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
First Trade offers MT4, MT5, cTrader, while Trade Zero supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Trade Zero 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 | Trade Zero |
|---|---|---|
| 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 | MT4, 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 Trade Zero 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 | Trade Zero |
|---|---|---|
| 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 Trade Zero supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | First Trade | Trade Zero |
|---|---|---|
| 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 Trade Zero 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 | Trade Zero |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |