freetrade vs First Trade, Who's Better?
Read our In-Depth freetrade vs First Trade Review - 2023 Update
This freetrade vs First Trade review has been updated for 2023 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 freetrade vs First Trade review does not apply to all countries as follows:
freetrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, United States of America, and Afghanistan.
First Trade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs First Trade
Every online trading system has some pros and cons, and no freetrade and First Trade review would be complete without showing both sides. Compare freetrade and First Trade to understand how they stack up against each other before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for an online trading platform and are choosing between freetrade or First Trade. Who is better in 2023?
Our freetrade vs First Trade comparison contains the latest information so you can easily compare First Trade against freetrade.
If you're a new entrant in the world of trading and brokers, so many details will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough understanding. You'll acquire adept at all the concepts of broker as you continue trading. For starters, you need to choose the ideal agent who'll be clear with you always.
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 create hefty returns. freetrade and First Trade are two such companies that will take you and your investment to great heights. It is important to compare freetrade vs First Trade before you trust them with your cash.
Our freetrade vs First Trade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and First Trade side by side.
Our full freetrade vs First Trade Review covers all you will need to know about trading using either freetrade or First Trade. A good agent can multiply your first investments and provide you positive profits. If you want to make profits, you should trade with a brokerage service that contrasts with your investment objectives.
There is no sure-fire way to ensure profits; thus, you should carefully assess your agent before you choose them. It's a frequent misconception that all agents are exactly the same, but that is not true. Wrong judgment, initially, can set your investments at risk.
freetrade and First Trade are both brokers that have forged their way successfully into the brokerage world. In this review, we've tried to collate some of the important aspects of both freetrade and First Trade. This review can allow you to know whether either First Trade or freetrade is a fantastic match for your own investments or not. We've tried to breakdown all the features and charges for your convenience.
Benefits of freetrade and First Trade Compared
freetrade has a minimum deposit of $0 while First Trade has a $5 minimum deposit.
Why smaller minimum deposits are good and how freetrade 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.
freetrade allows you to trade around 115 financial instruments whilst First Trade has around 115 available.
The more instruments you can trade on the freetrade 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 freetrade or First Trade.
freetrade and First Trade Contact Details
Being able to contact a broker easily is vital. freetrade and First Trade have the following contact details and social medias that you can use.
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| Broker | freetrade | First Trade |
| Telephone Number | +44 203 488 2539 | |
| hello@freetrade.io | ||
| Address | 68 Hanbury St, London, Greater London E1 5JL, GB | |
| freetrade Twitter Account | First Trade Twitter Account | |
| freetrade Facebook Page | First Trade Facebook Page | |
| freetrade Instagram Account | First Trade Instagram Account | |
| freetrade LinkedIn Page | First Trade LinkedIn Page | |
| YouTube | freetrade YouTube Channel | First Trade YouTube Channel |
| Find Out More |
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First Trade and freetrade 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 freetrade and First Trade we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of both apps as better than 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. 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?
freetrade vs First Trade - Awards
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| Broker | freetrade | First Trade |
| Awards |
freetrade have won numerous industry awards over the time they have been operating as an online broker. We list the most notable awards for freetrade 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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freetrade vs First Trade - Frequently Asked Questions
freetrade vs First Trade - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its headquaters in United Kingdom.
First Trade was founded in 2008 and has its headquaters in USA.
What is the minimum deposit for First Trade or freetrade
The minimum deposit for freetrade is $0.
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 freetrade and First Trade are a good choice.
freetrade vs First Trade - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Both freetrade and First Trade have a strong collection of rules for ensuring fair trading onto their individual platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare freetrade vs First Trade Commission And Fees
freetrade and First Trade are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled better. In other words, an internet broker is not necessarily influenced by the amount of customers they have.
But this does not mean that online brokers do not 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 kind of fees to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you're charged trading fees. In these cases, you are paying a spread, financing rate, or a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight rates are those that are charged 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 on your accounts. They are charged for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither freetrade or First Trade charge high fees compared to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for those who often exchange, such as daily or weekly trading.
However, non-trading fees charged by freetrade and First Trade are relatively lower. As a result, you are charged more for non-trading actions on your trading accounts, such as withdrawal and deposits. These are not related to the sale and purchase of resources.
This freetrade vs First Trade review for 2023 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For freetrade And First Trade
What Languages Do freetrade And First Trade Support?
Being able to communicate easily with your online 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 website and inside their app as it is a key factor to success when trading forex.
Here you can find the languages that both freetrade and First Trade support.
How Many Clients Do freetrade and First Trade Have?
Both freetrade and First Trade are well established with their customer base. It is important to work with a broker that is professional and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many clients freetrade and First Trade are working with
What Payment Methods Do freetrade and First Trade Accept?
freetrade 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 freetrade and First Trade
What Can You Trade With freetrade and First Trade?
freetrade offers 115 trading instruments and First Trade offers 101.
Below you will find a full breakdown of what both freetrade and First Trade offer.
Compare freetrade To All Other Brokers
Compare First Trade To All Other Brokers