easyMarkets vs First Trade, Who's Better?
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easyMarkets vs First Trade Guide
Read our In-Depth easyMarkets vs First Trade Review - 2022 Update
This easyMarkets vs First Trade review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this easyMarkets vs First Trade review does not apply to all countries as follows:
easyMarkets Excluded Countries
United States of America, Israel, Afghanistan, Anguilla, Burundi, Cambodia, Cayman Islands, Chad, Congo, Cuba, Democratic Republic of the Congo, Dominica, Equatorial Guinea, Fiji, Guinea Bissau, Haiti, Honduras, Iran, Iraq, Lao, Libya, Mozambique, Myanmar, Nicaragua, Democratic Peoples Republic of Korea, Palau, Panama, Somalia, Sudan, Syrian Arab Republic, Trinidad and Tobago, Turkmenistan, Vanuatu, Venezuela, and Yemen.
First Trade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare easyMarkets vs First Trade
Every online trading system has some ups and downs, and no easyMarkets and First Trade review would be complete without having a balanced approach. Compare easyMarkets and First Trade to understand how they line up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a broker and are choosing between easyMarkets or First Trade. Who should you choose?
This easyMarkets vs First Trade comparison contains the latest information so you can easily compare First Trade against easyMarkets.
If you are a new entrant in the realm of trading and brokers, so many facts will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough knowledge. You'll get proficient at all of the concepts of brokerage since you continue trading. For starters, you have to select the right broker who'll be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment plan has the potential to generate hefty returns. easyMarkets and First Trade are two such trading platforms that will take you along with your investment to great heights. It is important that you compare easyMarkets vs First Trade until you trust them with your money.
Our easyMarkets vs First Trade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust easyMarkets and First Trade side by side.
Our entire easyMarkets vs First Trade Review covers everything you need to know about trading using either easyMarkets or First Trade. A fantastic agent can multiply your first investments and provide you favorable profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investment goals.
There's absolutely no sure-fire method to ensure profits; therefore, you must carefully assess your broker before you select them. It's a frequent misconception that all agents will be the same, but that's not correct. Wrong judgment, in the beginning, can put your investments in danger.
easyMarkets and First Trade are both brokers which have forged their way successfully to the brokerage world. Within this review, we've tried to collate some of the important aspects of both easyMarkets and First Trade. This review can help you to know whether either First Trade or easyMarkets is a fantastic match for your investments or not. We've attempted to breakdown all of the qualities and fees for your convenience.
Benefits of easyMarkets and First Trade Compared
easyMarkets has a minimum deposit of $100 while First Trade has a $5 minimum deposit.
Why smaller minimum deposits are good and how easyMarkets 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.
easyMarkets has around 200 financial instruments while First Trade allows you to trade around 200 financial instruments available.
The more instruments you can trade on the easyMarkets 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 easyMarkets or First Trade.
easyMarkets and First Trade Contact Details
Being able to contact an online trading platform simply is a sign of a professional broker. easyMarkets and First Trade have the following contact details and social medias that you can use.
|Telephone Number||+357 25 828 899|
|Address||1 Griva Digheni, Limassol, Limassol 3035, CY|
|easyMarkets Twitter Account||First Trade Twitter Account|
|easyMarkets Facebook Page||First Trade Facebook Page|
|easyMarkets Instagram Account||First Trade Instagram Account|
|easyMarkets LinkedIn Page||First Trade LinkedIn Page|
|YouTube||easyMarkets YouTube Channel||First Trade YouTube Channel|
|Find Out More||
First Trade and easyMarkets 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 easyMarkets and First Trade will examine whether their mobile app meets all our requirements.
Overall, we rate 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.
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 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?
easyMarkets vs First Trade - Awards
easyMarkets have won many industry awards over the time they have been operating as an online trading platform. We list the most recognised awards for easyMarkets below.
|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.|
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easyMarkets vs First Trade - Frequently Asked Questions
easyMarkets vs First Trade - Headquarters And Year Of Founding
easyMarkets was founded in 2003 and has its headquaters in Cyprus, Australia.
First Trade was founded in 2008 and has its head office in USA.
What is the minimum deposit for First Trade or easyMarkets
The minimum deposit for easyMarkets is $100.
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 easyMarkets and First Trade are a good option.
easyMarkets vs First Trade - Regulation And Licencing In More Detail
easyMarkets is regulated by 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 easyMarkets and First Trade have a strong set of rules for ensuring honest trading on their individual platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
As per their privacy regulations, client information is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare easyMarkets vs First Trade Commission And Fees
easyMarkets and First Trade are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of 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.
But this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily 3 types of fees for this purpose.
The first sort of charges to look out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're billed trading fees. In such instances, you are spending a spread, financing rate, or a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight prices are people that are billed when you hold a leveraged position for longer than daily.
Apart from trading fees, online brokers 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.
In general, neither easyMarkets or First Trade charge high fees in comparison to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser sum. This can be beneficial for people who regularly exchange, such as weekly or daily trading.
But, non-trading fees charged by easyMarkets and First Trade are relatively higher. Consequently, you are charged more for non-trading actions in your trading account, such as deposits and withdrawal. These aren't related to the sale and purchase of assets.
This easyMarkets vs First Trade review for 2022 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For easyMarkets And First Trade
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What Languages Do easyMarkets And First Trade Support?
Being able to chat completely with your trading platform is a key element when comparing online brokers to find the best broker. Not only for support but to ensure you understand everything on their website and inside their app as it is a key factor to success when trading forex.
Here you can find all the languages that both easyMarkets and First Trade offer communication in.
|Languages Supported||English, German, Arabic, Chinese, Spanish and Polish||English, and Chinese|
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How Many Clients Do easyMarkets and First Trade Have?
Both easyMarkets and First Trade are well established with their client base. It is really important to work with a broker you can trust and one of the easiest ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many customers easyMarkets and First Trade are working with
|Clients / Users||142,500+||10,000+|
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What Payment Methods Do easyMarkets and First Trade Accept?
easyMarkets 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 easyMarkets and First Trade
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What Can You Trade With easyMarkets and First Trade?
easyMarkets offers 200 trading instruments while First Trade offers 101.
Below you will find a full breakdown of what both easyMarkets and First Trade offer.
Compare easyMarkets To All Other Brokers
Compare First Trade To All Other Brokers
easyMarkets vs First Trade:
Table Of Contents
- Compare easyMarkets vs First Trade
- Benefits of easyMarkets and First Trade Compared
- First Trade and easyMarkets Mobile App Comparison
- easyMarkets vs First Trade - Awards
- easyMarkets vs First Trade - Frequently Asked Questions
- What is the minimum deposit for First Trade or easyMarkets
- easyMarkets vs First Trade - Regulation And Licencing In More Detail
- Compare Broker Fees For easyMarkets And First Trade
- What Languages Do easyMarkets And First Trade Support?
- How Many Clients Do easyMarkets and First Trade Have?
- What Payment Methods Do easyMarkets and First Trade Accept?
- What Can You Trade With easyMarkets and First Trade?