easyMarkets vs First Trade, for 2024

Compare easyMarkets vs First Trade

All platforms for online trading feature some pros and cons, so any comprehensive analysis of easyMarkets vs First Trade would not be regarded as thorough without having an objective perspective.

Examine easyMarkets and First Trade to understand the way these platforms compare to each other prior to you open an account. Conducting a comparative analysis helps to put things into perspective in order that you're cognizant of the expectations.

So you are looking for a professional broker and are choosing between easyMarkets or First Trade. Which one is best in 2024?

Our easyMarkets vs First Trade comparison contains the most recent 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 nuances will be perplexing for you. Getting into the world of trading requires expert analyzing skills and thorough knowledge. You'll get adept at all the concepts of brokerage since you continue trading. For starters, you need 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 guidance to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. easyMarkets and First Trade are two such companies which will take you along with your investment to great heights. It is important to compare easyMarkets vs First Trade until you trust them with your cash.

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 all you will need to learn about trading using either easyMarkets or First Trade. A good broker can multiply your initial investments and give you positive profits. If you would like to make profits, you must trade with a brokerage service that aligns with your investment goals.

There's absolutely no sure-fire way to guarantee profits; therefore, you should carefully analyze your agent before you select them. It is a frequent misconception that all agents will be exactly the same, but that's not true. Wrong judgment, initially, can put your investments in danger.

easyMarkets and First Trade are both brokers that have found their way successfully into the brokerage world. In this review, we've attempted to collate a number of the vital aspects of both easyMarkets and First Trade. This review can allow you to understand whether either First Trade or easyMarkets is a fantastic fit for your investments or not. We have tried to breakdown all of the qualities and fees for your advantage.

Benefits of easyMarkets and First Trade Compared

easyMarkets has a minimum deposit of $100 while First Trade offers 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 allows you to trade around 200 financial instruments whilst First Trade has around 200 available.

The more instruments you can trade on the easyMarkets 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 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 your broker easily is important. easyMarkets and First Trade have the following contact details and social medias that you can use.

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.

In this part of our comparison of easyMarkets and First Trade we'll check whether either of their mobile apps tick all the boxes.

Overall, we rate the user-friendliness of the apps as Better than the 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 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 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 choice.

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 fair trading on their own platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).

In accordance with 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 easyMarkets vs First Trade Commission And Fees

easyMarkets and First Trade are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled much better. In other words, an internet broker isn't necessarily influenced by the number of clients they have.

However, this does not mean that online brokers don't 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 purpose.

The first kind of fees 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 these instances, you're spending a spread, funding speed, or a commission. The kinds of trading charges and the rates differ from broker to broker.

Commissions could be fixed or determined by the traded quantity. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight rates are people that are billed when you maintain a leveraged position for longer than daily.

Apart from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake in your account. They are charged for surgeries like depositing money, not investing for lengthy periods, or withdrawals.

Generally, neither easyMarkets or First Trade charge high fees in comparison 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 is beneficial for those who regularly trade, such as weekly or daily trading.

But, non-trading fees billed by easyMarkets and First Trade are relatively competitive. Consequently, you're billed more for non-trading activities in your trading account, like withdrawal and deposits. These aren't related to the sale and purchase of assets.

This easyMarkets vs First Trade review for 2024 breaks down each of the relevant non-trading fees for you in detail.

Compare Broker Fees For easyMarkets And First Trade

What Languages Do easyMarkets And First Trade Support?

Being able to chat completely with your trading platform is a key way of comparing online brokers to find your perfect broker. Not only for support but to be sure you completely understand everything on their site and inside their application as it is a key part of success when trading forex.

Below you will find the languages that both easyMarkets and First Trade offer communication in.

How Many Clients Do easyMarkets and First Trade Have?

Both easyMarkets and First Trade are well known and trusted. It is 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 clients easyMarkets and First Trade are active on their platform

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

What Can You Trade With easyMarkets and First Trade?

easyMarkets offers 200 trading instruments whilst First Trade offers 101.

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