First Trade vs Colmex, for 2024
First Trade Rating
|
Colmex Rating
|
Your capital is at risk |
Your capital is at risk |
First Trade vs Colmex Guide |
Read our In-Depth First Trade vs Colmex Review - for 2024
Our review comparing First Trade and Colmex has been revised to reflect any changes for 2024 by industry experts with years of financial experience across Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of First Trade vs Colmex 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.
Colmex Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare First Trade vs Colmex
Every trading platforms feature a few ups and downs, and any comprehensive analysis of First Trade vs Colmex would not be complete without adopting a fair assessment.
Assess Colmex and First Trade in order to understand how these platforms compare with one another prior to you choose to create an account. Conducting a side-by-side comparison will place factors into perspective to ensure that you're aware of the expectations.
So you are looking for a professional broker and are choosing between First Trade or Colmex. Which one is best in 2024?
Our First Trade vs Colmex comparison contains the latest information so you can easily compare Colmex against First Trade.
If you are a new entrant in the world of trading and brokers, so many facts will be perplexing for you. Getting into the world of trading requires expert analyzing skills and thorough understanding. You will acquire proficient at all of the concepts of brokerage since you continue trading. For starters, you need to choose the right agent who will be transparent with you constantly.
In this fast-paced universe 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 Colmex are two such platforms which will take you and your investment into great heights. It is important to compare First Trade vs Colmex before you trust them with your cash.
Our First Trade vs Colmex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust First Trade and Colmex side by side.
Our entire First Trade vs Colmex Review covers everything you need to learn about trading using either First Trade or Colmex. A fantastic agent can multiply your initial investments and give you favorable profits. If you want to earn profits, you should trade with a brokerage service that contrasts with your investment objectives.
There's absolutely no sure-fire method to guarantee profits; thus, you should carefully analyze your agent before you choose them. It's a frequent misconception that all brokers are the same, but that's not correct. Wrong judgment, in the beginning, can set your investments at risk.
First Trade and Colmex are both brokers that have forged their way successfully to the broker world. Within this review, we've tried to collate some of the important aspects of both First Trade and Colmex. This review can allow you to understand whether either Colmex or First Trade is a fantastic match for your investments or not. We've tried to breakdown all the features and fees for your convenience.
Benefits of First Trade and Colmex Compared
First Trade has a minimum deposit of $5 while Colmex has a $100 minimum deposit.
Why smaller minimum deposits are good and how First Trade and Colmex 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 whilst Colmex has around 101 financial instruments on their platform.
The more financial instruments you can trade on the First Trade and Colmex trading 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 never want to miss out on a trading opportunity due to the limitations of First Trade or Colmex.
First Trade and Colmex Contact Details
Being able to contact your broker simply is a sign of a professional broker. First Trade and Colmex have the following contact details and social medias that you can use.
Broker | First Trade | Colmex |
---|---|---|
Telephone Number | ||
Address | ||
First Trade Twitter Account | Colmex Twitter Account | |
First Trade Facebook Page | Colmex Facebook Page | |
First Trade Instagram Account | Colmex Instagram Account | |
First Trade LinkedIn Page | Colmex LinkedIn Page | |
YouTube | First Trade YouTube Channel | Colmex YouTube Channel |
Find Out More |
|
|
Colmex and First Trade Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing First Trade and Colmex will examine whether their mobile app meets all our requirements.
We rate overall 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
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. 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 have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
First Trade vs Colmex - Awards
First Trade vs Colmex - Frequently Asked Questions
First Trade vs Colmex - Headquarters And Year Of Founding
First Trade was founded in 2008 and has its headquaters in USA.
Colmex was founded in 1990 and has its headquaters in Cyprus.
What is the minimum deposit for Colmex or First Trade
The minimum deposit for First Trade is $5.
The minimum deposit for Colmex is $100.
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 First Trade and Colmex are a good choice.
First Trade vs Colmex - Regulation And Licencing In More Detail
First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Colmex is regulated by Securities and Exchange Commission (SEC).
Both First Trade and Colmex have a powerful collection of rules for ensuring fair trading on their own platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
As per their individual privacy policies, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare First Trade vs Colmex Commission And Fees
First Trade and Colmex are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. That is, an online broker isn't necessarily influenced by the number of clients they have.
However, this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily three different types of penalties for this purpose.
The first sort of charges to look out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you are charged trading charges. In such instances, you're paying a spread, funding speed, or a commission. The sorts of trading fees and the prices 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 charged when you maintain a leveraged position for longer than a day.
Aside from trading fees, online agents also charge non-trading fees. These are dependent on the actions you undertake in your account. They are charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, neither First Trade or Colmex charge high fees compared to other online brokers. For operations other brokers fee for, they either do not charge a broker fee, or they charge a smaller sum. This is beneficial for those who regularly trade, for example daily or weekly trading.
However, non-trading fees charged by First Trade and Colmex are comparatively competitive. As a result, you're charged more for non-trading activities in your trading account, like deposits and withdrawal. These are not about the sale and purchase of assets.
This First Trade vs Colmex review for 2024 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For First Trade And Colmex
Broker | First Trade | Colmex |
---|---|---|
Minimum Deposit | $5 | $100 |
Withdrawal Fees | Yes | No |
Inactivity Fees | No | No |
Deposit Fees | Yes | No |
CFD Fees | No | No |
Find Out More |
|
|
What Languages Do First Trade And Colmex Support?
Being able to chat completely with your online platform is a key element when comparing online brokers to find your perfect broker. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key part of success when trading online.
Below you can find all the languages that both First Trade and Colmex offer communication in.
Broker | First Trade | Colmex |
---|---|---|
Languages Supported | English, and Chinese | English, and Chinese |
Find Out More |
|
|
How Many Clients Do First Trade and Colmex Have?
Both First Trade and Colmex are well known and trusted. It is important to work with an online broker you can trust and one of the most simple ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many users First Trade and Colmex are active on their platform
Broker | First Trade | Colmex |
---|---|---|
Clients / Users | 10,000+ | 10,000+ |
Find Out More |
|
|
What Payment Methods Do First Trade and Colmex Accept?
First Trade and Colmex 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 Colmex
Broker | First Trade | Colmex |
---|---|---|
Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | No | No |
Skrill | No | No |
Payoneer | Yes | Yes |
Neteller | No | No |
Find Out More |
|
|
What Can You Trade With First Trade and Colmex?
First Trade offers 101 trading instruments whilst Colmex offers 78.
Below you will find a full breakdown of what both First Trade and Colmex offer.
First Trade Review
First Trade vs Colmex:
Table Of Contents
- Compare First Trade vs Colmex
- Benefits of First Trade and Colmex Compared
- Colmex and First Trade Mobile App Comparison
- First Trade vs Colmex - Awards
- First Trade vs Colmex - Frequently Asked Questions
- What is the minimum deposit for Colmex or First Trade
- First Trade vs Colmex - Regulation And Licencing In More Detail
- Compare Broker Fees For First Trade And Colmex
- What Languages Do First Trade And Colmex Support?
- How Many Clients Do First Trade and Colmex Have?
- What Payment Methods Do First Trade and Colmex Accept?
- What Can You Trade With First Trade and Colmex?