orbex Rating: 4.55 / 10
First Trade Rating: 5.86 / 10
Your capital is at risk
Your capital is at risk
orbex vs First Trade Guide
Read our In-Depth orbex vs First Trade Review - Updated for 2022
This orbex vs First Trade review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this orbex vs First Trade review does not apply to US users.
So you are looking for a professional broker and are choosing between orbex or First Trade. Who should you choose?
This orbex vs First Trade review contains the most recent information so you can easily compare orbex and First Trade
If you are a new entrant in the world of trading and broker, so many details will be confusing for you. Getting into the area of trading requires expert assessing skills and comprehensive knowledge. You will acquire proficient at all of the concepts of brokerage as you keep trading. For starters, you have to select the ideal agent who will be transparent with you constantly.
In this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment plan will create hefty returns. orbex and First Trade are two such companies that will take you along with your investment into great heights. It is crucial to compare orbex vs First Trade until you trust them with your money.
Our orbex vs First Trade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust orbex and First Trade side by side.
Our full orbex vs First Trade Review covers everything you will need to learn about trading using either orbex or First Trade. A fantastic agent can multiply your first investments and provide you favorable profits. If you want to earn profits, you must trade with a broker service that contrasts with your investment objectives.
There is no sure-fire way to ensure profits; therefore, you should carefully analyze your agent before you select them. It's a common misconception that all brokers will be the same, but that\'s not correct. Wrong judgment, initially, can set your investments in danger.
orbex and First Trade are both brokers which have forged their way successfully to the brokerage world. In this review, we have tried to collate some of the vital aspects of both orbex and First Trade. This review can allow you to know whether either orbex or First Trade is a good fit for your investments or not. We have tried to breakdown all of the features and fees for your advantage.
Compare orbex vs First Trade
Every online trading platform will have some ups and downs, and no orbex and First Trade review would be complete without showing both sides. Compare orbex and First Trade to understand how they line up against each other before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of orbex and First Trade Compared
orbex offers a minimum deposit of $250 while First Trade offers a $5 minimum deposit.
Why smaller minimum deposits are good and how orbex and First Trade compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
orbex has around 174 financial instruments whilst First Trade allows you to trade around 101 on their platform.
The more instruments you can trade on the orbex and First Trade platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of orbex or First Trade.
orbex and First Trade Contact Details
Being able to contact an online trading platform easily is a sign of a professional broker. orbex and First Trade have the following contact details and social medias that you can use.
Your capital is at risk
Your capital is at risk
First Trade and orbex Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of orbex and First Trade we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of the apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
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orbex vs First Trade - Frequently Asked Questions
orbex vs First Trade - Headquarters and year of founding
orbex was founded in 2012 and has its headquaters in Cyprus.
First Trade was founded in 2008 and has its headquaters in USA.
What is the minimum deposit for orbex or First Trade
The minimum deposit for orbex is $250.
The minimum deposit for First Trade is $5.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both orbex and First Trade are a good option.
orbex vs First Trade - Regulation And Licencing In More Detail
orbex is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F291.
First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Both orbex and First Trade have a strong collection of rules for ensuring honest trading onto their individual platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare orbex vs First Trade Commission And Fees
orbex and First Trade are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled much better. In other words, an internet broker isn't necessarily affected by the amount of customers they have.
But this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly 3 types of fees for this purpose.
The first sort of fees to keep an eye out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you are charged trading fees. In such instances, you're paying a spread, funding rate, or even a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread refers to the difference between the buying and selling price. Funding or overnight prices are those who are billed when you maintain a leveraged position for longer than a day.
Aside from trading charges, online brokers also bill non-trading fees. These are dependent on the actions you undertake on your account. They're charged for surgeries like depositing money, not investing for long periods, or withdrawals.
Generally, neither orbex or First Trade charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who often trade, for example weekly or daily trading.
However, non-trading fees billed by orbex and First Trade are relatively greater. As a result, you are billed more for non-trading actions on your trading account, such as withdrawal and deposits. These are not about the sale and purchase of assets.
This orbex vs First Trade review for 2022 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For orbex And First Trade
What Languages Do orbex and First Trade Support?
Being able to talk easily with your trading platform is a key way of comparing online brokers to find the best trading partner. Not only for support but to ensure you understand everything on their site and inside their app as it is a key part of success when trading online.
Below you will find all the languages that both orbex and First Trade offer communication in.
|Languages||English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic||English, and Chinese|
How Many Clients Do orbex and First Trade Have?
Both orbex and First Trade are well established with their customer base. It is important to work with an online broker you can trust and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many users orbex and First Trade have
What Payment Methods Do orbex and First Trade Accept?
orbex and First Trade both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at orbex and First Trade
What Can You Trade With orbex and First Trade?
orbex offers 174 trading instruments and First Trade offers Array.
Below you will find a full breakdown of what both orbex and First Trade offer