First Trade vs Bithumb, 2024 Update
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Bithumb Rating
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First Trade vs Bithumb Guide |
Read our In-Depth First Trade vs Bithumb Review - for 2024
Our review comparing First Trade and Bithumb has been refreshed to reflect any changes for 2024 from knowledgeable insiders boasting considerable expertise across Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of First Trade vs Bithumb does not apply to all countries as follows:
First Trade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Bithumb Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare First Trade vs Bithumb
Every trading platforms feature some advantages and disadvantages, so any comprehensive First Trade and Bithumb review would not be complete without embracing a balanced approach.
Examine Bithumb and First Trade to understand the way they line up to one another before you choose to make an account. A comparative analysis helps to bring aspects in perspective in order that you are informed about the expectations.
So you are looking for a broker and are choosing between First Trade or Bithumb. Who should you choose?
This First Trade vs Bithumb comparison contains the most recent information so you can easily compare Bithumb against First Trade.
If you are a new entrant in the realm of trading and brokerages, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You will acquire proficient at all of the concepts of broker since you continue trading. For starters, you need to choose the ideal agent who will be clear with you constantly.
Within this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment program has the potential to generate hefty returns. First Trade and Bithumb are just two such trading platforms that will take you along with your investment into great heights. It is crucial to compare First Trade vs Bithumb until you trust them with your cash.
Our First Trade vs Bithumb comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust First Trade and Bithumb side by side.
Our full First Trade vs Bithumb Review covers everything you need to learn about trading using either First Trade or Bithumb. A fantastic broker can multiply your first investments and give you positive profits. If you would like to earn profits, you should trade with a broker service that contrasts with your investing goals.
There is no sure-fire way to guarantee profits; therefore, you should carefully analyze your agent before you choose them. It's a common misconception that all brokers are the same, but that is not correct. Wrong judgment, initially, can set your investments at risk.
First Trade and Bithumb are both brokers that have forged their way successfully into the brokerage world. In this review, we've attempted to collate a number of the important aspects of both First Trade and Bithumb. This review will help you to understand whether either Bithumb or First Trade is a good fit for your own investments or not. We have attempted to breakdown all the features and fees for your advantage.
Benefits of First Trade and Bithumb Compared
First Trade offers a minimum deposit of $5 while Bithumb has a $500 minimum deposit.
Why smaller minimum deposits are good and how First Trade and Bithumb 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.
First Trade has around 101 financial instruments while Bithumb allows you to trade around 101 on their platform.
The more instruments you can trade on the First Trade and Bithumb 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 First Trade or Bithumb.
First Trade and Bithumb Contact Details
Being able to contact an online trading platform simply is important. First Trade and Bithumb have the following contact details and social medias that you can use.
Broker | First Trade | Bithumb |
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Telephone Number | ||
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First Trade Twitter Account | Bithumb Twitter Account | |
First Trade Facebook Page | Bithumb Facebook Page | |
First Trade Instagram Account | Bithumb Instagram Account | |
First Trade LinkedIn Page | Bithumb LinkedIn Page | |
YouTube | First Trade YouTube Channel | Bithumb YouTube Channel |
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Bithumb and First Trade Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of First Trade and Bithumb we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin 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?
First Trade vs Bithumb - Awards
First Trade vs Bithumb - Frequently Asked Questions
First Trade vs Bithumb - Headquarters And Year Of Founding
First Trade was founded in 2008 and has its head office in USA.
Bithumb was founded in 2009 and has its headquaters in Hong Kong.
What is the minimum deposit for Bithumb or First Trade
The minimum deposit for First Trade is $5.
The minimum deposit for Bithumb is $500.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both First Trade and Bithumb are a good choice.
First Trade vs Bithumb - Regulation And Licencing In More Detail
First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Bithumb is regulated by Unregulated.
Bithumb is unregulated but First Trade has a powerful set of rules for ensuring honest trading on its platforms. For information encryption purposes, they provide industry-standard secure socket layer (SSL).
As per their own privacy policy, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare First Trade vs Bithumb Commission And Fees
First Trade and Bithumb are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online trading platforms are scaled better. That is, an internet broker is not necessarily affected by the amount of clients they have.
But this does not mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are primarily three types of penalties for this purpose.
The first kind of charges to keep an eye out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you are billed trading charges. In these instances, you are paying a spread, financing rate, or even a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread denotes the gap between the buying and selling price. Financing or overnight rates are people who are billed when you maintain a leveraged position for more than daily.
Apart from trading fees, online brokers also bill non-trading fees. These are determined by the activities you undertake on your accounts. They're billed for operations like depositing cash, not investing for long periods, or withdrawals.
In general, neither First Trade or Bithumb charge high fees compared to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for those who often exchange, such as daily or weekly trading.
However, non-trading fees billed by First Trade and Bithumb are relatively lower. Consequently, you're charged more for non-trading activities on your trading account, like deposits and withdrawal. These aren't related to the sale and purchase of resources.
This First Trade vs Bithumb review for 2024 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For First Trade And Bithumb
Broker | First Trade | Bithumb |
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Minimum Deposit | $5 | $500 |
Withdrawal Fees | Yes | No |
Inactivity Fees | No | No |
Deposit Fees | Yes | No |
CFD Fees | No | No |
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What Languages Do First Trade And Bithumb Support?
Being able to chat easily with your online platform is a key part of comparing online brokers to find the best broker. Not only for support but to ensure you completely understand everything on their site and inside their application as it is a key factor to success when trading online.
Here you can find all the languages that both First Trade and Bithumb offer communication in.
Broker | First Trade | Bithumb |
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Languages Supported | English, and Chinese | English, and Chinese |
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How Many Clients Do First Trade and Bithumb Have?
Both First Trade and Bithumb are well established with their customer base. It is really important to work with an online broker that is reputable and one of the most simple ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many users First Trade and Bithumb are active on their platform
Broker | First Trade | Bithumb |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do First Trade and Bithumb Accept?
First Trade and Bithumb 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 First Trade and Bithumb
Broker | First Trade | Bithumb |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | No | No |
Skrill | No | No |
Payoneer | Yes | Yes |
Neteller | No | No |
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What Can You Trade With First Trade and Bithumb?
First Trade offers 101 trading instruments while Bithumb offers 56.
Below you will find a full breakdown of what both First Trade and Bithumb offer.
First Trade Review
First Trade vs Bithumb:
Table Of Contents
- Compare First Trade vs Bithumb
- Benefits of First Trade and Bithumb Compared
- Bithumb and First Trade Mobile App Comparison
- First Trade vs Bithumb - Awards
- First Trade vs Bithumb - Frequently Asked Questions
- What is the minimum deposit for Bithumb or First Trade
- First Trade vs Bithumb - Regulation And Licencing In More Detail
- Compare Broker Fees For First Trade And Bithumb
- What Languages Do First Trade And Bithumb Support?
- How Many Clients Do First Trade and Bithumb Have?
- What Payment Methods Do First Trade and Bithumb Accept?
- What Can You Trade With First Trade and Bithumb?