First Trade vs Zerodha, Who's Better?
First Trade Rating
|
Zerodha Rating
|
Your capital is at risk |
Your capital is at risk |
First Trade vs Zerodha Guide |
Read our In-Depth First Trade vs Zerodha Review - 2024 Update
This comprehensive analysis of First Trade and Zerodha has been refreshed to reflect any changes for 2024 by industry experts with years of financial experience in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of First Trade vs Zerodha 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.
Zerodha Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare First Trade vs Zerodha
Every trading platforms feature a few ups and downs, so a complete review of First Trade and Zerodha cannnot be complete without adopting a balanced approach.
Examine First Trade and Zerodha to get a better understanding of just how they compare against each other prior to you choose to create an account. A comparative analysis will bring aspects in perspective in order that you're aware of the expectations.
So you are looking for a broker and are choosing between First Trade or Zerodha. Who is better in 2024?
Our First Trade vs Zerodha comparison contains the most recent information so you can easily compare Zerodha against First Trade.
If you're a new entrant in the world of trading and brokerages, so many nuances will be confusing for you. Getting into the world of trading requires expert analyzing skills and thorough understanding. You'll acquire proficient at all the concepts of brokerage as you continue trading. For starters, you need to choose the ideal agent who'll be clear with you constantly.
In this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. First Trade and Zerodha are just two such companies that will take you along with your investment to great heights. It's crucial that you compare First Trade vs Zerodha before you trust them with your cash.
Our First Trade vs Zerodha comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust First Trade and Zerodha side by side.
Our entire First Trade vs Zerodha Review covers all you will need to know about trading with either First Trade or Zerodha. A good agent can multiply your first investments and provide you positive profits. If you would like to earn profits, you should trade with a brokerage service that contrasts with your investing objectives.
There is no sure-fire way to guarantee profits; therefore, you should carefully analyze your agent before you choose them. It is a common misconception that all brokers will be the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.
First Trade and Zerodha are both brokers that have forged their way successfully to the broker world. In this review, we have tried to collate a number of the important facets of both First Trade and Zerodha. This review can help you to understand whether either Zerodha or First Trade is a good fit for your investments or not. We have attempted to breakdown all the features and fees for your convenience.
Benefits of First Trade and Zerodha Compared
First Trade has a minimum deposit of $5 while Zerodha has a $0 minimum deposit.
Why smaller minimum deposits are good and how First Trade and Zerodha 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 allows you to trade around 101 financial instruments while Zerodha allows you to trade around 101 financial instruments on their platform.
The more financial instruments you can trade on the First Trade and Zerodha 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 Zerodha.
First Trade and Zerodha Contact Details
Being able to contact a broker through many ways is a sign of a professional broker. First Trade and Zerodha have the following contact details and social medias that you can use.
Broker | First Trade | Zerodha |
---|---|---|
Telephone Number | ||
Address | ||
First Trade Twitter Account | Zerodha Twitter Account | |
First Trade Facebook Page | Zerodha Facebook Page | |
First Trade Instagram Account | Zerodha Instagram Account | |
First Trade LinkedIn Page | Zerodha LinkedIn Page | |
YouTube | First Trade YouTube Channel | Zerodha YouTube Channel |
Find Out More |
|
|
Zerodha 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 Zerodha we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. 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 Zerodha - Awards
First Trade vs Zerodha - Frequently Asked Questions
First Trade vs Zerodha - Headquarters And Year Of Founding
First Trade was founded in 2008 and has its headquaters in USA.
Zerodha was founded in 2010 and has its head office in India.
What is the minimum deposit for Zerodha or First Trade
The minimum deposit for First Trade is $5.
The minimum deposit for Zerodha is $0.
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 Zerodha are a good choice.
First Trade vs Zerodha - Regulation And Licencing In More Detail
First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Zerodha is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
Both First Trade and Zerodha have a powerful collection of rules for ensuring honest trading onto their individual platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
As per 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 Zerodha Commission And Fees
First Trade and Zerodha are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online trading platforms are scaled better. That is, an online broker is not necessarily affected by the number of customers they have.
But this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are primarily 3 types of fees for this objective.
The first sort of charges to look out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you are billed trading fees. In such 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 dependent on the traded quantity. On the flip side, a spread denotes the difference between the buying and selling price. Financing or overnight rates are people who are charged when you hold a leveraged position for more than daily.
Apart from trading charges, online agents also bill non-trading fees. These are determined by the activities you undertake in your account. They're charged for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, neither First Trade or Zerodha charge high fees compared to other online brokers. For operations other brokers charge for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who regularly exchange, such as daily or weekly trading.
But, non-trading fees charged by First Trade and Zerodha are comparatively higher. Consequently, you are billed more for non-trading actions on your trading accounts, like deposits and withdrawal. These are not about the purchase and sale of assets.
This First Trade vs Zerodha review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For First Trade And Zerodha
Broker | First Trade | Zerodha |
---|---|---|
Minimum Deposit | $5 | $0 |
Withdrawal Fees | Yes | No |
Inactivity Fees | No | No |
Deposit Fees | Yes | Yes |
CFD Fees | No | Yes |
Find Out More |
|
|
What Languages Do First Trade And Zerodha Support?
Being able to talk completely with your online broker is a key way of comparing brokers to find the best trading partner. Not only for support but to ensure you completely understand everything on their site and inside their app as it is a key part of success when trading forex.
Below you can find the languages that both First Trade and Zerodha offer communication in.
How Many Clients Do First Trade and Zerodha Have?
Both First Trade and Zerodha are well established with their customer base. It is really important to work with a broker that is reputable and one of the easiest ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many customers First Trade and Zerodha are active on their platform
Broker | First Trade | Zerodha |
---|---|---|
Clients / Users | 10,000+ | 1,500,000+ |
Find Out More |
|
|
What Payment Methods Do First Trade and Zerodha Accept?
First Trade and Zerodha 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 Zerodha
Broker | First Trade | Zerodha |
---|---|---|
Bank Transfers | Yes | Yes |
Credit Cards | Yes | No |
PayPal | No | No |
Skrill | No | No |
Payoneer | Yes | No |
Neteller | No | No |
Find Out More |
|
|
What Can You Trade With First Trade and Zerodha?
First Trade offers 101 trading instruments and Zerodha offers 5000.
Below you will find a full breakdown of what both First Trade and Zerodha offer.
First Trade Review
First Trade vs Zerodha:
Table Of Contents
- Compare First Trade vs Zerodha
- Benefits of First Trade and Zerodha Compared
- Zerodha and First Trade Mobile App Comparison
- First Trade vs Zerodha - Awards
- First Trade vs Zerodha - Frequently Asked Questions
- What is the minimum deposit for Zerodha or First Trade
- First Trade vs Zerodha - Regulation And Licencing In More Detail
- Compare Broker Fees For First Trade And Zerodha
- What Languages Do First Trade And Zerodha Support?
- How Many Clients Do First Trade and Zerodha Have?
- What Payment Methods Do First Trade and Zerodha Accept?
- What Can You Trade With First Trade and Zerodha?