freetrade vs First Trade, Updated for 2025
Read our In-Depth freetrade vs First Trade Review - for 2025
Our freetrade vs First Trade review has been refreshed to reflect any changes for 2025 from seasoned professionals boasting extensive financial experience across Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of freetrade vs First Trade 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
Each trading platforms has a few pros and cons, so any comprehensive freetrade and First Trade review would not be complete without adopting an objective perspective.
Assess freetrade and First Trade to get a better understanding of the way these platforms compare to each other before you decide to open an account. Conducting a side-by-side comparison helps to put things in perspective so that you remain informed about the expectations.
So you are looking for an online trading platform and are choosing between freetrade or First Trade. Which one is best in 2025?
Our freetrade vs First Trade comparison contains the most recent information so you can easily compare First Trade against freetrade.
If you're a new entrant in the world of trading and brokerages, so many details will be confusing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You will get adept at all of the concepts of broker since you keep trading. For starters, you need to choose the right broker who'll be clear with you constantly.
In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment plan has the potential to generate hefty returns. freetrade and First Trade are just two such trading platforms which will take you and your investment into great heights. It is important that you compare freetrade vs First Trade until you trust them with your money.
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 need to learn about trading using either freetrade or First Trade. A good agent can multiply your initial investments and give you favorable profits. If you would like to earn profits, you must trade with a broker service that aligns with your investing goals.
There's absolutely no sure-fire method to guarantee profits; thus, you must carefully assess your agent before you select them. It's a frequent misconception that all agents are exactly the same, but that's not correct. Wrong judgment, in the beginning, can put your investments at risk.
freetrade and First Trade are both brokers that have found their way successfully to the brokerage world. In this review, we've tried to collate some of the important facets of both freetrade and First Trade. This review can help you to know whether either First Trade or freetrade is a good match for your investments or not. We've tried to breakdown all the features and fees for your convenience.
Benefits of freetrade and First Trade Compared
freetrade has a minimum deposit of $0 while First Trade offers 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 allows you to trade around 115 financial instruments on their platform.
The more instruments you can trade on the freetrade 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 should never 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 an online trading platform easily is a sign of a professional broker. freetrade and First Trade have the following contact details and social medias that you can use.
|
||
---|---|---|
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 |
|
|
First Trade and freetrade 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 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 important that any trading app has user friendly capabilities especially with the
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
|
||
---|---|---|
Broker | freetrade | First Trade |
Awards |
freetrade have won many industry awards over the years they have been running as an online trading platform. We list the most notable awards for freetrade 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. |
Find Out More |
|
|
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 circumstances, 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 set of rules for ensuring fair trading onto their own platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their individual privacy policies, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare freetrade vs First Trade Commission And Fees
freetrade and First Trade are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online trading platforms are scaled much better. That is, an online broker is not necessarily influenced by the amount of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily three types of penalties for this objective.
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're charged trading fees. In these cases, you're paying a spread, financing rate, or a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight rates are people who are charged when you hold a leveraged position for more than daily.
Apart from trading fees, online brokers also bill non-trading fees. These are determined by the actions you undertake in your accounts. They're billed for operations like depositing money, not trading for long periods, or withdrawals.
In general, neither freetrade 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 smaller sum. This is beneficial for people who regularly trade, such as daily or weekly trading.
However, non-trading fees charged by freetrade and First Trade are comparatively competitive. As a result, you are billed more for non-trading actions on your trading account, like withdrawal and deposits. These are not about the sale and purchase of assets.
This freetrade vs First Trade review for 2025 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For freetrade And First Trade
What Languages Do freetrade And First Trade Support?
Being able to chat easily with your trading broker is a key element when comparing trading platforms to find your perfect broker. Not only for support but to be sure you completely understand everything on their site and inside their app as it is a key factor to success when trading online.
Below you will find the languages that both freetrade and First Trade offer communication in.
How Many Clients Do freetrade and First Trade Have?
Both freetrade and First Trade are well established with their client base. It is important to work with a broker you can trust and one of the most simple ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many clients freetrade and First Trade are active on their platform
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.
freetrade Review
freetrade vs First Trade:
Table Of Contents
- Compare freetrade vs First Trade
- Benefits of freetrade and First Trade Compared
- First Trade and freetrade Mobile App Comparison
- freetrade vs First Trade - Awards
- freetrade vs First Trade - Frequently Asked Questions
- What is the minimum deposit for First Trade or freetrade
- freetrade vs First Trade - Regulation And Licencing In More Detail
- Compare Broker Fees For freetrade And First Trade
- What Languages Do freetrade And First Trade Support?
- How Many Clients Do freetrade and First Trade Have?
- What Payment Methods Do freetrade and First Trade Accept?
- What Can You Trade With freetrade and First Trade?