First Trade vs Vantage FX, Updated for 2024
Read our In-Depth First Trade vs Vantage FX Review - 2024 Update
This First Trade vs Vantage FX review has been revised to reflect any changes for 2024 from seasoned professionals with extensive expertise across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of First Trade vs Vantage FX 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.
Vantage FX Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare First Trade vs Vantage FX
All platforms for online trading feature some pros and cons, so a complete First Trade and Vantage FX review would not be complete without adopting a fair assessment.
Assess First Trade and Vantage FX to get a better understanding of how these platforms compare to each other prior to you choose to create an account. Performing a side-by-side comparison will put things into perspective so that you're cognizant of the expectations.
So you are looking for a professional broker and are choosing between First Trade or Vantage FX. Who should you choose?
This First Trade vs Vantage FX comparison contains the most recent information so you can easily compare Vantage FX against First Trade.
If you're a new entrant in the realm of trading and brokerages, so many facts will be perplexing for you. Getting into the area of trading requires expert analyzing skills and thorough knowledge. You'll acquire proficient at all the concepts of brokerage as you keep trading. For starters, you have to choose the right agent who will be clear with you constantly.
In this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. First Trade and Vantage FX are two such stages which will take you and your investment into great heights. It's crucial that you compare First Trade vs Vantage FX until you trust them with your money.
Our First Trade vs Vantage FX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust First Trade and Vantage FX side by side.
Our full First Trade vs Vantage FX Review covers everything you need to learn about trading using either First Trade or Vantage FX. A good broker can multiply your first investments and give you positive profits. If you want to earn profits, you must trade with a broker service that contrasts with your investing objectives.
There's absolutely no sure-fire way to guarantee profits; thus, you should carefully analyze your agent before you select them. It's a common misconception that all agents will be exactly the same, but that's not correct. Wrong judgment, initially, can put your investments in danger.
First Trade and Vantage FX are both brokers that have found their way successfully to the brokerage world. Within this review, we've attempted to collate some of the important aspects of both First Trade and Vantage FX. This review can allow you to know whether either Vantage FX or First Trade is a good match for your own investments or not. We've attempted to breakdown all of the qualities and charges for your advantage.
Benefits of First Trade and Vantage FX Compared
First Trade has a minimum deposit of $5 while Vantage FX has a $200 minimum deposit.
Why smaller minimum deposits are good and how First Trade and Vantage FX 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 Vantage FX allows you to trade around 101 financial instruments on their platform.
The more financial instruments you can trade on the First Trade and Vantage FX 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 should never want to miss out on a trading opportunity due to the limitations of First Trade or Vantage FX.
First Trade and Vantage FX Contact Details
Being able to contact an online trading platform easily is important. First Trade and Vantage FX have the following contact details and social medias that you can use.
Broker | First Trade | Vantage FX |
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Telephone Number | +61 1300 945 517 | |
support@vantagemarkets.com | ||
Address | Level 29, 31 Market Street Sydney, NSW, Australia 2000 | |
First Trade Twitter Account | Vantage FX Twitter Account | |
First Trade Facebook Page | Vantage FX Facebook Page | |
First Trade Instagram Account | Vantage FX Instagram Account | |
First Trade LinkedIn Page | Vantage FX LinkedIn Page | |
YouTube | First Trade YouTube Channel | Vantage FX YouTube Channel |
Find Out More |
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Vantage FX 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.
This part of comparing First Trade and Vantage FX will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
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 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 Vantage FX - Awards
Broker | First Trade | Vantage FX |
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Awards | At the time of writing this First Trade review, and despite First Trade’s impressive offering, the company has surprisingly not garnered any awards to date. |
Vantage FX have won many industry awards over the years they have been operating as a financial broker. We detail the most notable awards for Vantage FX here.
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Find Out More |
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First Trade vs Vantage FX - Frequently Asked Questions
First Trade vs Vantage FX - Headquarters And Year Of Founding
First Trade was founded in 2008 and has its head office in USA.
Vantage FX was founded in 2008 and has its head office in Australia.
What is the minimum deposit for Vantage FX or First Trade
The minimum deposit for First Trade is $5.
The minimum deposit for Vantage FX is $200.
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 Vantage FX are a good option.
First Trade vs Vantage FX - Regulation And Licencing In More Detail
First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Vantage FX is regulated by Cayman Islands Monetary Authority (CIMA), Securities Investment Business Law (SIBL) number 1383491, VFSC under Section 4 of the Financial Dealers Licensing Act [CAP 70] (Reg. No. 700271), Australian Securities and Investments Commission (ASIC), AFSL no. 428901.
Both First Trade and Vantage FX have a strong set of rules for ensuring fair trading onto their individual platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their privacy regulations, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare First Trade vs Vantage FX Commission And Fees
First Trade and Vantage FX are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled much better. That is, an online broker isn't necessarily influenced by the number of customers they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly 3 different types of penalties for this purpose.
The first kind of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In these cases, you are paying a spread, financing rate, or a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight rates are people who are billed when you hold a leveraged position for longer than a day.
Aside from trading charges, online agents also bill non-trading fees. These are dependent on the activities you undertake on your account. They are charged for surgeries like depositing cash, not investing for long periods, or withdrawals.
Generally, neither First Trade or Vantage FX charge high fees in comparison to other online brokers. 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 daily or weekly trading.
However, non-trading fees charged by First Trade and Vantage FX are relatively lower. Consequently, you're billed more for non-trading activities on your trading account, such as deposits and withdrawal. These aren't about the purchase and sale of assets.
This First Trade vs Vantage FX review for 2024 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For First Trade And Vantage FX
What Languages Do First Trade And Vantage FX Support?
Being able to chat easily with your online platform is a key way of comparing online brokers to find your perfect broker. Not only for support but to be sure you completely understand everything on their site and inside their app as it is a key part of success when trading online.
Below you can find the languages that both First Trade and Vantage FX offer communication in.
How Many Clients Do First Trade and Vantage FX Have?
Both First Trade and Vantage FX are well known and trusted. It is really important to work with a broker that is professional and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many users First Trade and Vantage FX are active on their platform
What Payment Methods Do First Trade and Vantage FX Accept?
First Trade and Vantage FX 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 Vantage FX
What Can You Trade With First Trade and Vantage FX?
First Trade offers 101 trading instruments and Vantage FX offers 247.
Below you will find a full breakdown of what both First Trade and Vantage FX offer.
First Trade Review
First Trade vs Vantage FX:
Table Of Contents
- Compare First Trade vs Vantage FX
- Benefits of First Trade and Vantage FX Compared
- Vantage FX and First Trade Mobile App Comparison
- First Trade vs Vantage FX - Awards
- First Trade vs Vantage FX - Frequently Asked Questions
- What is the minimum deposit for Vantage FX or First Trade
- First Trade vs Vantage FX - Regulation And Licencing In More Detail
- Compare Broker Fees For First Trade And Vantage FX
- What Languages Do First Trade And Vantage FX Support?
- How Many Clients Do First Trade and Vantage FX Have?
- What Payment Methods Do First Trade and Vantage FX Accept?
- What Can You Trade With First Trade and Vantage FX?