eToro vs First Trade, Who's Better?
Read our In-Depth eToro vs First Trade Review - Updated for 2025
This comprehensive analysis of eToro and First Trade has been updated to reflect any changes for 2025 from seasoned professionals boasting extensive financial experience across Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of eToro vs First Trade does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
First Trade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs First Trade
Every platforms for online trading feature a few ups and downs, and a complete review of eToro and First Trade should not be complete without having a fair assessment.
Assess First Trade and eToro to get a better understanding of just how they line up to each other before you make an account. A comparative analysis will place factors into perspective so that you remain cognizant of what you should anticipate.
So you are looking for a reputable broker and are choosing between eToro or First Trade. Who should you choose?
Our eToro vs First Trade comparison contains the latest information so you can easily compare First Trade against eToro.
If you're a new entrant in the world of trading and brokerages, so many nuances will be perplexing for you. Getting into the area of trading demands expert analyzing skills and thorough knowledge. You will get adept at all of the concepts of brokerage as you keep trading. For starters, you have to choose the ideal agent who will be clear with you always.
Within this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. eToro and First Trade are just two such companies that will take you and your investment into great heights. It's crucial that you compare eToro vs First Trade before you trust them with your money.
Our eToro vs First Trade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and First Trade side by side.
Our full eToro vs First Trade Review covers all you will need to learn about trading with either eToro or First Trade. A fantastic agent can multiply your initial investments and give you positive profits. If you want to make profits, you must trade with a broker service that aligns with your investment goals.
There's absolutely no sure-fire method to ensure profits; therefore, you must carefully analyze your agent before you select them. It's a common misconception that all agents will be the same, but that is not correct. Wrong judgment, in the beginning, can put your investments at risk.
eToro and First Trade are both brokers which have found their way successfully to the broker world. In this review, we've tried to collate a number of the vital aspects of both eToro and First Trade. This review will help you to understand whether either First Trade or eToro is a good fit for your investments or not. We've attempted to breakdown all of the qualities and fees for your advantage.
Benefits of eToro and First Trade Compared
eToro offers a minimum deposit of $50 while First Trade has a $5 minimum deposit.
Why smaller minimum deposits are good and how eToro 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.
eToro allows you to trade around 100 financial instruments whilst First Trade has around 100 financial instruments on their platform.
The more instruments you can trade on the eToro and First Trade trading 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 eToro or First Trade.
eToro and First Trade Contact Details
Being able to contact your broker through many ways is a sign of a professional broker. eToro and First Trade have the following contact details and social medias that you can use.
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Broker | eToro | First Trade |
Telephone Number | ||
support@etoro.com | ||
Address | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB | |
eToro Twitter Account | First Trade Twitter Account | |
eToro Facebook Page | First Trade Facebook Page | |
eToro Instagram Account | First Trade Instagram Account | |
eToro LinkedIn Page | First Trade LinkedIn Page | |
YouTube | eToro YouTube Channel | First Trade YouTube Channel |
Find Out More |
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First Trade and eToro Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing eToro and First Trade 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 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?
eToro vs First Trade - Awards
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Broker | eToro | First Trade |
Awards |
eToro have won numerous industry awards over the years they have been running as an online broker. We show the most notable awards for eToro here.
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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. |
Find Out More |
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eToro vs First Trade - Frequently Asked Questions
eToro vs First Trade - Headquarters And Year Of Founding
eToro was founded in 2007 and has its head office in Cyprus, UK.
First Trade was founded in 2008 and has its headquaters in USA.
What is the minimum deposit for First Trade or eToro
The minimum deposit for eToro is $50.
The minimum deposit for First Trade is $5.
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 eToro and First Trade are a good option.
eToro vs First Trade - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Both eToro and First Trade have a powerful set 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 individual privacy regulations, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare eToro vs First Trade Commission And Fees
eToro and First Trade are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an internet broker isn't necessarily affected by the amount of clients they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are primarily three different types of penalties for this objective.
The first sort of charges to keep an eye out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you are billed trading charges. In such cases, you are paying a spread, funding speed, or even a commission. The kinds of trading fees and the rates differ 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 rates are those who are charged when you hold a leveraged position for longer than daily.
Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They are charged for operations like depositing cash, not trading for long periods, or withdrawals.
Generally, neither eToro 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 smaller amount. This is beneficial for those who often trade, for example weekly or daily trading.
However, non-trading fees charged by eToro and First Trade are relatively higher. Consequently, you're charged more for non-trading actions on your trading account, such as withdrawal and deposits. These are not about the sale and purchase of resources.
This eToro vs First Trade review for 2025 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For eToro And First Trade
What Languages Do eToro And First Trade Support?
Being able to communicate completely with your trading broker is a key element when comparing online brokers to find your perfect broker. Not only for support but to be sure you understand everything on their site and inside their application as it is a key factor to success when trading forex.
Below you can find the languages that both eToro and First Trade support.
How Many Clients Do eToro and First Trade Have?
Both eToro and First Trade are well known and trusted. It is really important to work with a broker you can trust and one of the most simple ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many clients eToro and First Trade are active on their platform
What Payment Methods Do eToro and First Trade Accept?
eToro 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 eToro and First Trade
What Can You Trade With eToro and First Trade?
eToro offers 100 trading instruments whilst First Trade offers 101.
Below you will find a full breakdown of what both eToro and First Trade offer.
eToro Review
eToro vs First Trade:
Table Of Contents
- Compare eToro vs First Trade
- Benefits of eToro and First Trade Compared
- First Trade and eToro Mobile App Comparison
- eToro vs First Trade - Awards
- eToro vs First Trade - Frequently Asked Questions
- What is the minimum deposit for First Trade or eToro
- eToro vs First Trade - Regulation And Licencing In More Detail
- Compare Broker Fees For eToro And First Trade
- What Languages Do eToro And First Trade Support?
- How Many Clients Do eToro and First Trade Have?
- What Payment Methods Do eToro and First Trade Accept?
- What Can You Trade With eToro and First Trade?