First Trade
Xtrade
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Overview
First Trade was founded in 2008 and is headquartered in USA, while Xtrade was established in 2003 and is based in Australia. First Trade holds licences including Securities and Exchange Commission (SEC), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. First Trade serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $5 at First Trade and $1 at Xtrade.
| Feature | First Trade | Xtrade |
|---|---|---|
| Min. Deposit | $5 | $1 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2003 |
| Country | USA | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between First Trade and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $5 at First Trade). First Trade charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. First Trade charges deposit fees; Xtrade does not. The two brokers are broadly comparable on fee structure.
| Feature | First Trade | Xtrade |
|---|---|---|
| Min. Deposit | $5 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
First Trade offers MT4, MT5, cTrader, while Xtrade 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 | Xtrade |
|---|---|---|
| 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 | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how First Trade and Xtrade compare. First Trade runs regular live webinars; Xtrade does not. First Trade has a video library; Xtrade does not. First Trade publishes daily market commentary; Xtrade does not. First Trade integrates third-party research tools (Trading Central, Autochartist); Xtrade 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 | Xtrade |
|---|---|---|
| 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 uniquely supports bank transfer and credit/debit card among the two brokers. First Trade scores higher on deposit and withdrawal flexibility.
| Feature | First Trade | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | No | Not available |
| Skrill | No | Not available |
| Neteller | No | Not available |
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 Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. First Trade offers multilingual support. Both brokers are comparable on support quality.
| Feature | First Trade | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |