First Trade Alternatives: 2024 Update

Item: First Trade
Rating: 5.86
Author: Charles Seymour

Charles Seymour

Last Updated: 10-Dec-2023

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First Trade Alternatives:

This alternatives to First Trade guide has been updated for 2024 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, benefits to their customers. 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 ensuring that they are a better fit for you before moving any money around.

The most detailed guide to First Trade alternatives on the internet

There's a lot of reasons First Trade may not be a good fit for your trading needs. Whatever reason you are looking for the top First Trade alternative or First Trade competitor with similar services, we will always try to give you as much useful information so you can make an informed decision. Below you can find the most popular First Trade alternatives.

For each of our 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 online broker shown we also have detailed trading platform reviews and guides that you can easily click to view elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unimpressed with First Trade, we can show you some great alternative brokersbrokers|online trading platforms|brokerages.

Having a professional and dependable trading platform is vital to having a successful trading career. All of the First Trade alternative platforms shown in this First Trade alternatives guide have good reputations and can fit what you are looking for.

First Trade alternatives screenshot

Alternatives With Lower Minimum Deposit

First Trade has a minimum desposit of $5, you can check how the minimum deposit requirements of First Trade compare with the minimum deposit requirements of First Trade competitors. Brokers have lower minimum deposits to get traders to join with them, but having higher a minimum deposit isn’t always a bad thing, it all depends on your individual trading needs.

Broker	Minimum Deposit	Find Out More
First Trade	$5	Your capital is at risk
freetrade	$0	The value of investments can go up as well as down and you may receive back less than your original investment.
easyMarkets	$100	73% of retail CFD accounts lose money with this provider.
Uphold	$1	Assets available on Uphold are different per region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection
instaforex	$250	CFDs, which are leveraged products, incur a high level of risk and can result in the loss of all of your invested capital.

Alternatives Offering Virtual Portfolio Accounts

First Trade offers demo accounts so you can test your trading strategies before risking any real capital. Newbie traders can open a virtual portfolio account in order to better understand the aspects of Forex trading and test out some of the company’s features before signing up for a live account.

Below we show some of the best alternatives to First Trade that have virtual portfolio accounts.

Broker	Offers Demo Account?	Find Out More
First Trade	Yes	Your capital is at risk
Startrader	Yes	Trade Responsibly. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
freetrade	Yes	The value of investments can go up as well as down and you may receive back less than your original investment.
easyMarkets	Yes	73% of retail CFD accounts lose money with this provider.
PUPRIME	Yes	Contracts for Difference (CFDs) trading carries a high level of risk to your capital and can result in losses, you should only trade with money you can afford to lose. CFDs trading may not be suitable for all investors, please ensure that you fully understand the risks involved and take appropriate measures to manage them.

Alternatives Offering Negative Balance Protection

First Trade does not provide negative balance protection. If your balance is unfavorable, First Trade suggests that you promptly contact client services. So you are able to fix any imbalances within 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	Your capital is at risk
Startrader	Yes	Trade Responsibly. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
freetrade	Yes	The value of investments can go up as well as down and you may receive back less than your original investment.
easyMarkets	Yes	73% of retail CFD accounts lose money with this provider.
Uphold	Yes	Assets available on Uphold are different per region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection

Alternatives Offering Guaranteed Stop Loss

First Trade unfortunately, does not offer guaranteed stop loss. First Trade provides a chance for its dealers to close their trades at their given price. Aside from that, First Trade does not provide guaranteed stop loss.

Below we list some of the best First Trade alternatives that has guaranteed stop loss available for their customers.

Broker	Offers Guaranteed Stop Loss?	Find Out More
First Trade	No	Your capital is at risk
easyMarkets	Yes	73% of retail CFD accounts lose money with this provider.
Uphold	Yes	Assets available on Uphold are different per region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection
instaforex	Yes	CFDs, which are leveraged products, incur a high level of risk and can result in the loss of all of your invested capital.
FreshForex	Yes	Margin trading involves high risk and can lead to significant financial losses. Before deciding to trade, ensure you fully understand all possible risks, a level of your experience and knowledge in the financial field.

Alternatives Offering Scalping

First Trade do allow scalping. Several traders across the world choose First Trade for their scalping services. They offer trading on MT4,WEB which allow this.

Below we detail some of the best alternatives to First Trade that allow scalping functionality to their users.

Broker	Offers Scalping?	Find Out More
First Trade	Yes	Your capital is at risk
Startrader	Yes	Trade Responsibly. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
freetrade	Yes	The value of investments can go up as well as down and you may receive back less than your original investment.
easyMarkets	Yes	73% of retail CFD accounts lose money with this provider.
PUPRIME	No	Contracts for Difference (CFDs) trading carries a high level of risk to your capital and can result in losses, you should only trade with money you can afford to lose. CFDs trading may not be suitable for all investors, please ensure that you fully understand the risks involved and take appropriate measures to manage them.

Alternatives That Allow Hedging

First Trade do allow hedging. Several traders across the world select First Trade due to their hedging services. They offer trading on MT4,WEB.

Below we show some of the best alternatives to First Trade that offer hedging services to their user base.

Broker	Offers Hedging?	Find Out More
First Trade	Yes	Your capital is at risk
Startrader	Yes	Trade Responsibly. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
freetrade	Yes	The value of investments can go up as well as down and you may receive back less than your original investment.
easyMarkets	Yes	73% of retail CFD accounts lose money with this provider.
PUPRIME	No	Contracts for Difference (CFDs) trading carries a high level of risk to your capital and can result in losses, you should only trade with money you can afford to lose. CFDs trading may not be suitable for all investors, please ensure that you fully understand the risks involved and take appropriate measures to manage them.

Unfortunately, First Trade does not offer social trading.

Below we detail some of the top alternatives to First Trade that offer social trading capabilities.

Broker	Offers Social Trading?	Find Out More
First Trade	No	Your capital is at risk
Startrader	Yes	Trade Responsibly. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
freetrade	Yes	The value of investments can go up as well as down and you may receive back less than your original investment.
easyMarkets	Yes	73% of retail CFD accounts lose money with this provider.
PUPRIME	No	Contracts for Difference (CFDs) trading carries a high level of risk to your capital and can result in losses, you should only trade with money you can afford to lose. CFDs trading may not be suitable for all investors, please ensure that you fully understand the risks involved and take appropriate measures to manage them.

Alternatives That Allow Copy Trading

Unfortunately, First Trade does not offer copy trading.

Below we list some of the top First Trade alternatives that have copy trading to their users

Broker	Offers Copy Trading?	Find Out More
First Trade	No	Your capital is at risk
Startrader	Yes	Trade Responsibly. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
freetrade	Yes	The value of investments can go up as well as down and you may receive back less than your original investment.
easyMarkets	Yes	73% of retail CFD accounts lose money with this provider.
PUPRIME	No	Contracts for Difference (CFDs) trading carries a high level of risk to your capital and can result in losses, you should only trade with money you can afford to lose. CFDs trading may not be suitable for all investors, please ensure that you fully understand the risks involved and take appropriate measures to manage them.

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First Trade Alternatives: 2024 Update

Charles Seymour

Share these
First Trade Alternatives:

The most detailed guide to First Trade alternatives on the internet

Alternatives With Lower Minimum Deposit

Alternatives Offering Virtual Portfolio Accounts

Alternatives Offering Negative Balance Protection

Alternatives Offering Guaranteed Stop Loss

Alternatives Offering Scalping

Alternatives That Allow Hedging

Alternatives That Allow Copy Trading

Compare First Trade To All Other Brokers

Latest First Trade News & Insights

First Trade Review

First Trade Alternatives:
Table Of Contents

First Trade Alternatives: 2024 Update

Charles Seymour

Share theseFirst Trade Alternatives:

The most detailed guide to First Trade alternatives on the internet

Alternatives With Lower Minimum Deposit

Alternatives Offering Virtual Portfolio Accounts

Alternatives Offering Negative Balance Protection

Alternatives Offering Guaranteed Stop Loss

Alternatives Offering Scalping

Alternatives That Allow Hedging

Alternatives That Allow Social Trading

Alternatives That Allow Copy Trading

Compare First Trade To All Other Brokers

Latest First Trade News & Insights

First Trade Review

First Trade Alternatives: Table Of Contents

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First Trade Alternatives:

First Trade Alternatives:
Table Of Contents