Virtual Brokers vs First Trade, Who's Better?
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Virtual Brokers vs First Trade Guide |
Read our In-Depth Virtual Brokers vs First Trade Review - for 2024
This Virtual Brokers vs First Trade review has been updated for 2024 from industry experts boasting considerable financial experience across Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of Virtual Brokers vs First Trade does not apply to all countries as follows:
Virtual Brokers Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
First Trade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Virtual Brokers vs First Trade
All trading platforms will have certain pros and cons, and a complete analysis of Virtual Brokers vs First Trade would not be complete without adopting a fair assessment.
Examine Virtual Brokers and First Trade to understand how these platforms line up with each prior to you decide to create an account. A comprehensive comparison will put things into perspective to ensure that you remain aware of the expectations.
So you are looking for a professional broker and are choosing between Virtual Brokers or First Trade. Who should you choose?
This Virtual Brokers vs First Trade comparison contains the latest information so you can easily compare First Trade against Virtual Brokers.
If you are a new entrant in the world of trading and brokers, so many details will be confusing for you. Getting into the area of trading requires expert assessing skills and comprehensive knowledge. You will get adept at all of the concepts of brokerage as you continue trading. For starters, you need to select the ideal agent who'll be transparent with you always.
In this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. Virtual Brokers and First Trade are two such companies which will take you along with your investment into great heights. It is important that you compare Virtual Brokers vs First Trade until you trust them with your cash.
Our Virtual Brokers vs First Trade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Virtual Brokers and First Trade side by side.
Our full Virtual Brokers vs First Trade Review covers everything you will need to know about trading using either Virtual Brokers or First Trade. A fantastic agent can multiply your initial investments and provide you favorable profits. If you would like to earn profits, you should trade with a broker service that aligns with your investment goals.
There's absolutely no sure-fire way to guarantee profits; thus, you must carefully analyze your broker before you select them. It's a common misconception that all brokers will be the same, but that is not true. Wrong judgment, initially, can set your investments at risk.
Virtual Brokers and First Trade are both brokers that have found their way successfully into the brokerage world. In this review, we have tried to collate a number of the important facets of both Virtual Brokers and First Trade. This review can help you to know whether either First Trade or Virtual Brokers is a good match for your own investments or not. We've attempted to breakdown all of the features and fees for your convenience.
Benefits of Virtual Brokers and First Trade Compared
Virtual Brokers has a minimum deposit of $1000 while First Trade offers a $5 minimum deposit.
Why smaller minimum deposits are good and how Virtual Brokers and First Trade 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.
Virtual Brokers has around 250 financial instruments whilst First Trade allows you to trade around 250 available.
The more instruments you can trade on the Virtual Brokers and First Trade 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 Virtual Brokers or First Trade.
Virtual Brokers and First Trade Contact Details
Being able to contact a broker easily is a sign of a professional broker. Virtual Brokers and First Trade have the following contact details and social medias that you can use.
Broker | Virtual Brokers | First Trade |
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Virtual Brokers Twitter Account | First Trade Twitter Account | |
Virtual Brokers Facebook Page | First Trade Facebook Page | |
Virtual Brokers Instagram Account | First Trade Instagram Account | |
Virtual Brokers LinkedIn Page | First Trade LinkedIn Page | |
YouTube | Virtual Brokers YouTube Channel | First Trade YouTube Channel |
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First Trade and Virtual Brokers Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of Virtual Brokers and First Trade 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 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 only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
Virtual Brokers vs First Trade - Awards
Virtual Brokers vs First Trade - Frequently Asked Questions
Virtual Brokers vs First Trade - Headquarters And Year Of Founding
Virtual Brokers was founded in 2008 and has its headquaters in Canada.
First Trade was founded in 2008 and has its headquaters in USA.
What is the minimum deposit for First Trade or Virtual Brokers
The minimum deposit for Virtual Brokers is $1000.
The minimum deposit for First Trade is $5.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Virtual Brokers and First Trade are a good choice.
Virtual Brokers vs First Trade - Regulation And Licencing In More Detail
Virtual Brokers is regulated by The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF).
First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Both Virtual Brokers and First Trade have a powerful collection of rules for ensuring honest trading onto their platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their own privacy policies, client data is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare Virtual Brokers vs First Trade Commission And Fees
Virtual Brokers and First Trade are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. In other words, an internet broker isn't necessarily influenced by the number of customers they have.
But this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly 3 different types of fees for this objective.
The first sort of fees to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading fees. In these instances, you are paying a spread, financing rate, or even a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the flip side, a spread denotes the gap between the buying and selling cost. Funding or overnight prices are those who are charged when you maintain a leveraged position for longer than a day.
Apart from trading charges, online brokers 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 trading for lengthy periods, or withdrawals.
In general, neither Virtual Brokers or First Trade charge high fees compared to other online brokers. For operations other brokers fee for, they do not charge a broker fee, or they charge a smaller sum. This is beneficial for those who regularly exchange, such as daily or weekly trading.
However, non-trading fees charged by Virtual Brokers and First Trade are relatively competitive. Consequently, you are billed more for non-trading actions on your trading accounts, such as deposits and withdrawal. These are not about the purchase and sale of resources.
This Virtual Brokers vs First Trade review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For Virtual Brokers And First Trade
What Languages Do Virtual Brokers And First Trade Support?
Being able to communicate easily with your trading platform is a key part of comparing brokers to find the best trading partner. Not only for support but to ensure you understand everything on their site and inside their application as it is a key part of success when trading forex.
Here you will find all the languages that both Virtual Brokers and First Trade offer communication in.
Broker | Virtual Brokers | First Trade |
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Languages Supported | English, and Chinese | English, and Chinese |
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How Many Clients Do Virtual Brokers and First Trade Have?
Both Virtual Brokers and First Trade are well known and trusted. It is really important to work with a broker that is reputable and one of the easiest ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many customers Virtual Brokers and First Trade have
Broker | Virtual Brokers | First Trade |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do Virtual Brokers and First Trade Accept?
Virtual Brokers and First Trade 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 Virtual Brokers and First Trade
Broker | Virtual Brokers | First Trade |
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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 Virtual Brokers and First Trade?
Virtual Brokers offers 250 trading instruments and First Trade offers 101.
Below you will find a full breakdown of what both Virtual Brokers and First Trade offer.
Virtual Brokers Review
Virtual Brokers vs First Trade:
Table Of Contents
- Compare Virtual Brokers vs First Trade
- Benefits of Virtual Brokers and First Trade Compared
- First Trade and Virtual Brokers Mobile App Comparison
- Virtual Brokers vs First Trade - Awards
- Virtual Brokers vs First Trade - Frequently Asked Questions
- What is the minimum deposit for First Trade or Virtual Brokers
- Virtual Brokers vs First Trade - Regulation And Licencing In More Detail
- Compare Broker Fees For Virtual Brokers And First Trade
- What Languages Do Virtual Brokers And First Trade Support?
- How Many Clients Do Virtual Brokers and First Trade Have?
- What Payment Methods Do Virtual Brokers and First Trade Accept?
- What Can You Trade With Virtual Brokers and First Trade?