XM vs First Trade, Updated for 2025

Compare XM vs First Trade

Each online trading platforms will have certain advantages and disadvantages, and a complete analysis of XM vs First Trade cannnot be complete without having a balanced approach.

Assess XM and First Trade to get a better understanding of just how these platforms line up with each other prior to you decide to make an account. Conducting a comprehensive comparison helps to bring aspects into perspective so that you are aware of what you should anticipate.

So you are looking for a professional broker and are choosing between XM or First Trade. Who is better in 2025?

This XM vs First Trade comparison contains the latest information so you can easily compare First Trade against XM.

If you're a new entrant in the realm of trading and brokers, so many details will be perplexing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You will get proficient at all of the concepts of brokerage as you keep trading. For starters, you have to choose the right broker who'll be clear with you always.

Within this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. XM and First Trade are two such stages which will take you along with your investment to great heights. It is important to compare XM vs First Trade until you trust them with your money.

Our XM vs First Trade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust XM and First Trade side by side.

Our full XM vs First Trade Review covers everything you need to know about trading using either XM or First Trade. A fantastic agent can multiply your initial investments and give you positive profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investing goals.

There's absolutely no sure-fire way to guarantee profits; thus, you must carefully analyze your broker before you select them. It is a common misconception that all brokers will be the same, but that's not true. Wrong judgment, in the beginning, can set your investments at risk.

XM and First Trade are both brokers which have paved their way successfully to the brokerage world. In this review, we've attempted to collate a number of the vital facets of both XM and First Trade. This review will allow you to understand whether either First Trade or XM is a good match for your own investments or not. We've tried to breakdown all the qualities and charges for your advantage.

Benefits of XM and First Trade Compared

XM has a minimum deposit of $5 while First Trade has a $5 minimum deposit.

Why smaller minimum deposits are good and how XM 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.

XM has around 100 financial instruments whilst First Trade allows you to trade around 100 on their platform.

The more instruments you can trade on the XM 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 should never want to miss out on a trading opportunity due to the limitations of XM or First Trade.

XM and First Trade Contact Details

Being able to contact an online trading platform simply is a sign of a professional broker. XM and First Trade have the following contact details and social medias that you can use.

First Trade and XM 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 XM and First Trade 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 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 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?

XM vs First Trade - Awards

XM vs First Trade - Frequently Asked Questions

XM vs First Trade - Headquarters And Year Of Founding

XM was founded in 2009 and has its head office in Cyprus.

First Trade was founded in 2008 and has its head office in USA.

What is the minimum deposit for First Trade or XM

The minimum deposit for XM is $5.

The minimum deposit for First Trade is $5.

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 XM and First Trade are a good option.

XM vs First Trade - Regulation And Licencing In More Detail

XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).

First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).

Both XM and First Trade have a strong set of rules for ensuring honest trading on their platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).

As per their privacy regulations, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.

Compare XM vs First Trade Commission And Fees

XM and First Trade are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online trading platforms are scaled much better. That is, an internet broker isn't necessarily affected by the amount of customers they have.

But 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 make money. There are primarily three different types of fees for this purpose.

The first sort of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading fees. In such cases, you're paying a spread, financing rate, or a commission. The kinds of trading charges and the prices differ from broker to broker.

Commissions could be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling price. Financing or overnight prices are people that are billed when you hold a leveraged position for longer than a day.

Apart from trading fees, online agents also charge non-trading fees. These are dependent on the actions you undertake in your account. They're billed for operations like depositing money, not investing for lengthy periods, or withdrawals.

Generally, neither XM or First Trade charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for people who regularly trade, such as weekly or daily trading.

However, non-trading fees billed by XM and First Trade are relatively competitive. Consequently, you are charged more for non-trading actions in your trading account, such as withdrawal and deposits. These aren't related to the purchase and sale of resources.

This XM vs First Trade review for 2025 breaks down each of the relevant non-trading fees for you in detail.

Compare Broker Fees For XM And First Trade

What Languages Do XM And First Trade Support?

Being able to talk easily with your online broker is a key way of comparing online 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 XM and First Trade support.

How Many Clients Do XM and First Trade Have?

Both XM 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 clients are using their services.

Below you will find details of how many customers XM and First Trade have

What Payment Methods Do XM and First Trade Accept?

XM 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 XM and First Trade

What Can You Trade With XM and First Trade?

XM offers 100 trading instruments whilst First Trade offers 101.

Below you will find a full breakdown of what both XM and First Trade offer.