First Trade Alternatives: Pros, Cons, And How It Compares for 2025
This alternatives to First Trade guide has been updated for 2025 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to First Trade to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to First Trade like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, features to their clients. If you feel that First Trade is not quite right for you then it would be worth getting a virtual account with a lot of the best First Trade alternatives and check if they are a better fit for you before moving any money around.
The most in depth guide to First Trade alternatives on the web
There's many reasons First Trade may not be a good fit for your trading needs. For whatever reason you are hunting for a better First Trade alternative or First Trade competitor with better services, we will always try to give you as much helpful information so you can find what it is you need. Below you can discover the most popular First Trade alternatives.
For each of the alternative to First Trade, we break down the key differences to First Trade and for each section show you the best competitors. For each First Trade alternative trading platform listed we also have detailed broker reviews and guides that you can easily click to read elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unimpressed with First Trade, find some great alternative brokeragesbrokers|online trading platforms|brokerages.
Trading with a professional and dependable broker is vital to your trading success. All of the First Trade alternative platforms listed in this First Trade alternatives guide have good reputations and match what you are looking for.
Alternatives With Lower Minimum Deposit
First Trade has a minimum desposit of $5, you can see how the minimum deposit requirements of First Trade compare with the minimum deposits of First Trade competitors. Trading platforms have lower minimum deposits to get users to test them out, but having higher a minimum deposit requirement isn’t always a bad thing, it all comes down to your individual trading needs.
Alternatives Offering Virtual Portfolio Accounts
First Trade offers demo accounts so you can test your trading strategies before risking any real capital. Inexperienced traders can open a virtual portfolio account in order to better understand the areas of Forex trading and test out some of the company’s features before getting a live account.
Below we detail some of the best alternatives to First Trade that have virtual portfolio accounts.
Alternatives Offering Negative Balance Protection
First Trade does not provide negative balance protection. If your balance is unfavorable, First Trade suggests that you contact customer services. Then you can fix any imbalances in your own account.
Below we detail some of the best alternatives to First Trade that offer negative balance protection.
Broker | Offers Negative Balance Protection? | Find Out More |
---|---|---|
First Trade |
No | |
Startrader |
Yes | |
freetrade |
Yes | |
easyMarkets |
Yes | |
Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
First Trade regrettably, doesn't offer guaranteed stop loss. First Trade provides an opportunity for its traders to close their trade at their specified price. Apart from that, First Trade doesn't provide guaranteed stop loss.
Below we detail some of the best First Trade alternatives that have guaranteed stop loss available for their users.
Broker | Offers Guaranteed Stop Loss? | Find Out More |
---|---|---|
First Trade |
No | |
easyMarkets |
Yes | |
Uphold |
Yes | |
instaforex |
Yes | |
FreshForex |
Yes |
Alternatives Offering Scalping
First Trade do allow scalping. Several traders throughout the world choose First Trade for their services that are trading. They offer trading on MT4,WEB which let this.
Below we show some of the top alternatives to First Trade that allow scalping functionality to their users.
Alternatives That Allow Hedging
First Trade do permit hedging. Many traders throughout the world select First Trade for their hedging services. They offer trading on MT4,WEB.
Below we list some of the best alternatives to First Trade that offer hedging services to their customer base.
Alternatives That Allow Social Trading
Unfortunately, First Trade does not offer social trading.
Below we list some of the top First Trade alternatives that has social trading capabilities.
Alternatives That Allow Copy Trading
Regretably, First Trade does not offer copy trading.
Below we list some of the top alternatives to First Trade that has copy trading to their clients
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Table Of Contents
- First Trade alternatives with lower minimum deposit requirements
- First Trade alternatives with demo accounts
- First Trade alternatives with negative balance protection
- First Trade alternatives with guaranteed stop loss
- First Trade alternatives that allow scalping
- First Trade alternatives that allow hedging
- First Trade alternatives that allow social trading
- First Trade alternatives that allow copy trading