First Trade
Trading212
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Overview
First Trade was founded in 2008 and is headquartered in USA, while Trading212 was established in 2006 and is based in UK. First Trade holds licences including Securities and Exchange Commission (SEC), while Trading212 is regulated by Financial Conduct Authority (FCA) among others. First Trade serves 10,000+ clients worldwide; Trading212 has 1,500,000+. The minimum deposit is $5 at First Trade and $1 at Trading212.
| Feature | First Trade | Trading212 |
|---|---|---|
| Min. Deposit | $5 | $1 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Founded | 2008 | 2006 |
| Country | USA | UK |
| Clients | 10,000+ | 1,500,000+ |
Fees
Fees are a critical factor when choosing between First Trade and Trading212, directly affecting your bottom line as a trader. Trading212 has a lower barrier to entry with a minimum deposit of $1 (vs $5 at First Trade). First Trade charges withdrawal fees while Trading212 does not, a notable advantage for frequent withdrawers. First Trade charges deposit fees; Trading212 does not. The two brokers are broadly comparable on fee structure.
| Feature | First Trade | Trading212 |
|---|---|---|
| Min. Deposit | $5 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
First Trade offers MT4, MT5, cTrader, while Trading212 supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Trading212 supports social and copy trading features, which First Trade does not offer. The two brokers are closely matched on platform offering.
| Feature | First Trade | Trading212 |
|---|---|---|
| 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, 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 Trading212 compare. First Trade runs regular live webinars; Trading212 does not. Both provide video tutorials. First Trade publishes daily market commentary; Trading212 does not. Both integrate third-party research tools. First Trade maintains an archive of past webinars for on-demand viewing. First Trade scores higher overall in education and research.
| Feature | First Trade | Trading212 |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| 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 Trading212 supports 4 (bank transfer, credit/debit card, PayPal, Skrill). Trading212 uniquely supports PayPal and Skrill among the two brokers. Trading212 scores higher on deposit and withdrawal flexibility.
| Feature | First Trade | Trading212 |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| 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 Trading212 offer live chat support. First Trade offers phone support; Trading212 does not. Email support is available at both brokers. First Trade supports 2 languages and Trading212 supports 13, giving Trading212 broader global reach. First Trade scores higher overall on customer support in our assessment.
| Feature | First Trade | Trading212 |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, German, Netherlands, Spanish, French, Italian, Polish, Serbian, Norwegian, Swedish, Czech, Romanian, Turkish |