First Trade vs Uphold, Who's Better?
Read our In-Depth First Trade vs Uphold Review - Updated for 2024
Our review comparing First Trade and Uphold has been refreshed for 2024 by knowledgeable insiders with years of financial experience in CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of First Trade vs Uphold 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.
Uphold Excluded Countries
Anguilla, Antarctica, Armenia, Azerbaijan, Barbados, Belarus, Cambodia, Central African Republic, Chad, Cuba, Eritrea, Fiji, French Southern Territories, Guinea, Heard Island and McDonald Islands, Iran, Lebanon, Liberia, Mali, Mauritius, Democratic Peoples Republic of Korea, Palau, Samoa, Sudan, Syrian Arab Republic, United States Minor Outlying Islands, Vanuatu, Albania, American Samoa, Azerbaijan, Bangladesh, Belarus, Bosnia and Herzegovina, Bulgaria, Burundi, China, Democratic Republic of the Congo, Congo, Croatia, Equatorial Guinea, Georgia, Germany, Guinea Bissau, Haiti, Indonesia, Iraq, Kenya, Libya, Republic of Moldova, Montenegro, Myanmar, Netherlands, North Macedonia, Romania, Russian Federation, Serbia, Slovenia, Somalia, Turkmenistan, Ukraine, Venezuela, Vietnam, and Yemen.
Compare First Trade vs Uphold
All online trading platforms will have certain ups and downs, and any comprehensive First Trade and Uphold review would not be complete without adopting a fair assessment.
Compare First Trade and Uphold in order to understand just how these platforms stack up with each other before you choose to open an account. Performing a comprehensive comparison helps to place factors in perspective to ensure that you're aware of what you should anticipate.
So you are looking for a reputable broker and are choosing between First Trade or Uphold. Who is better in 2024?
Our First Trade vs Uphold comparison contains the latest information so you can easily compare Uphold against First Trade.
If you're a new entrant in the realm of trading and brokerages, so many details will be perplexing for you. Getting into the world of trading requires expert analyzing skills and thorough knowledge. You will acquire adept at all the concepts of broker since you keep trading. For starters, you need to select the right agent who will be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment plan has the potential to generate hefty returns. First Trade and Uphold are just two such stages that will take you and your investment into great heights. It's crucial that you compare First Trade vs Uphold before you trust them with your cash.
Our First Trade vs Uphold comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust First Trade and Uphold side by side.
Our full First Trade vs Uphold Review covers all you will need to learn about trading with either First Trade or Uphold. A good broker can multiply your initial investments and provide you positive profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investment goals.
There's absolutely no sure-fire method to ensure profits; therefore, you must carefully analyze your broker before you select them. It's a frequent misconception that all brokers will be the same, but that's not true. Wrong judgment, initially, can set your investments in danger.
First Trade and Uphold are both brokers that have paved their way successfully to the broker world. Within this review, we've tried to collate some of the vital aspects of both First Trade and Uphold. This review will help you to know whether either Uphold or First Trade is a fantastic match for your own investments or not. We've attempted to breakdown all the qualities and charges for your convenience.
Benefits of First Trade and Uphold Compared
First Trade has a minimum deposit of $5 while Uphold offers a $1 minimum deposit.
Why smaller minimum deposits are good and how First Trade and Uphold 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 Uphold allows you to trade around 101 financial instruments on their platform.
The more financial instruments you can trade on the First Trade and Uphold 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 Uphold.
First Trade and Uphold Contact Details
Being able to contact an online trading platform through many ways is important. First Trade and Uphold have the following contact details and social medias that you can use.
Broker | First Trade | Uphold |
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Telephone Number | +1 (415) 925-2711 | |
support@uphold.com | ||
Address | 700 Larkspur Landing Cir, Ste 263, Larkspur, California 94939, US | |
First Trade Twitter Account | Uphold Twitter Account | |
First Trade Facebook Page | Uphold Facebook Page | |
First Trade Instagram Account | Uphold Instagram Account | |
First Trade LinkedIn Page | Uphold LinkedIn Page | |
YouTube | First Trade YouTube Channel | Uphold YouTube Channel |
Find Out More |
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Uphold 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 Uphold 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. 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 Uphold - Awards
First Trade vs Uphold - Frequently Asked Questions
First Trade vs Uphold - Headquarters And Year Of Founding
First Trade was founded in 2008 and has its headquaters in USA.
Uphold was founded in 2013 and has its headquaters in United States.
What is the minimum deposit for Uphold or First Trade
The minimum deposit for First Trade is $5.
The minimum deposit for Uphold is $1.
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 Uphold are a good choice.
First Trade vs Uphold - Regulation And Licencing In More Detail
First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Uphold is regulated by FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 .
Both First Trade and Uphold have a strong collection of rules for ensuring honest trading onto their platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy policies, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare First Trade vs Uphold Commission And Fees
First Trade and Uphold are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online trading platforms are scaled better. That is, an online broker is not necessarily influenced by the amount of customers they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily three types of penalties for this objective.
The first sort of charges 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 charges. In these cases, you're spending a spread, funding speed, or even a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread denotes the gap between the buying and selling cost. Funding or overnight rates are those that are billed when you hold a leveraged position for more than a day.
Aside from trading fees, online agents also bill non-trading fees. These are dependent on the actions you undertake in your accounts. They're charged for surgeries like depositing money, not trading for long periods, or withdrawals.
In general, neither First Trade or Uphold charge high fees in comparison to other online agents. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for those who regularly exchange, for example weekly or daily trading.
But, non-trading fees charged by First Trade and Uphold are relatively competitive. Consequently, you're charged more for non-trading actions on your trading account, like withdrawal and deposits. These aren't related to the sale and purchase of assets.
This First Trade vs Uphold review for 2024 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For First Trade And Uphold
What Languages Do First Trade And Uphold Support?
Being able to chat easily with your online broker is a key part of comparing 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 the languages that both First Trade and Uphold support.
How Many Clients Do First Trade and Uphold Have?
Both First Trade and Uphold are well established with their client base. It is important to work with an online broker that is reputable and one of the easiest 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 Uphold are working with
What Payment Methods Do First Trade and Uphold Accept?
First Trade and Uphold 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 Uphold
What Can You Trade With First Trade and Uphold?
First Trade offers 101 trading instruments and Uphold offers 211.
Below you will find a full breakdown of what both First Trade and Uphold offer.
First Trade Review
First Trade vs Uphold:
Table Of Contents
- Compare First Trade vs Uphold
- Benefits of First Trade and Uphold Compared
- Uphold and First Trade Mobile App Comparison
- First Trade vs Uphold - Awards
- First Trade vs Uphold - Frequently Asked Questions
- What is the minimum deposit for Uphold or First Trade
- First Trade vs Uphold - Regulation And Licencing In More Detail
- Compare Broker Fees For First Trade And Uphold
- What Languages Do First Trade And Uphold Support?
- How Many Clients Do First Trade and Uphold Have?
- What Payment Methods Do First Trade and Uphold Accept?
- What Can You Trade With First Trade and Uphold?