First Trade
Uniglobe Markets
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Overview
First Trade was founded in 2008 and is headquartered in USA, while Uniglobe Markets was established in 2008 and is based in Marshall Islands. First Trade holds licences including Securities and Exchange Commission (SEC), while Uniglobe Markets is regulated by Unregulated among others. First Trade serves 10,000+ clients worldwide; Uniglobe Markets has 10,000+. The minimum deposit is $5 at First Trade and $10 at Uniglobe Markets.
| Feature | First Trade | Uniglobe Markets |
|---|---|---|
| Min. Deposit | $5 | $10 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Unregulated |
| Founded | 2008 | 2008 |
| Country | USA | Marshall Islands |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between First Trade and Uniglobe Markets, directly affecting your bottom line as a trader. Uniglobe Markets has a lower barrier to entry with a minimum deposit of $10 (vs $5 at First Trade). First Trade charges withdrawal fees while Uniglobe Markets does not, a notable advantage for frequent withdrawers. First Trade charges deposit fees; Uniglobe Markets does not. The two brokers are broadly comparable on fee structure.
| Feature | First Trade | Uniglobe Markets |
|---|---|---|
| Min. Deposit | $5 | $10 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
First Trade offers MT4, MT5, cTrader, while Uniglobe Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | First Trade | Uniglobe Markets |
|---|---|---|
| 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 | Windows ├é┬¼├ó╦åÔÇÿ MacOS X. Multiple Terminal. Android. IOS. |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how First Trade and Uniglobe Markets compare. First Trade runs regular live webinars; Uniglobe Markets does not. First Trade has a video library; Uniglobe Markets does not. First Trade publishes daily market commentary; Uniglobe Markets does not. First Trade integrates third-party research tools (Trading Central, Autochartist); Uniglobe Markets 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 | Uniglobe Markets |
|---|---|---|
| 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 Uniglobe Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | First Trade | Uniglobe Markets |
|---|---|---|
| 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 Uniglobe Markets 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 | Uniglobe Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |