huobi vs First Trade, Who's The Best?
Read our In-Depth huobi vs First Trade Review - for 2024
Our review comparing huobi and First Trade has been updated for 2024 from seasoned professionals boasting extensive expertise in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of huobi vs First Trade does not apply to all countries as follows:
huobi Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
First Trade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare huobi vs First Trade
Each trading platforms has a few pros and cons, so a complete review of huobi and First Trade would not be regarded as thorough without adopting a balanced approach.
Assess huobi and First Trade to get a better understanding of just how they compare to each before you open an account. A comprehensive comparison can bring aspects into perspective in order that you're aware of what to expect.
So you are looking for a broker and are choosing between huobi or First Trade. Who should you choose?
Our huobi vs First Trade comparison contains the latest information so you can easily compare First Trade against huobi.
If you are a new entrant in the realm of trading and brokers, so many nuances will be confusing for you. Getting into the world of trading demands expert assessing skills and comprehensive knowledge. You will acquire proficient at all the concepts of brokerage as you continue trading. For starters, you have to select the ideal broker who'll be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment program has the potential to create hefty returns. huobi and First Trade are just two such trading platforms which will take you and your investment into great heights. It's important to compare huobi vs First Trade before you trust them with your money.
Our huobi vs First Trade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust huobi and First Trade side by side.
Our full huobi vs First Trade Review covers all you will need to know about trading using either huobi or First Trade. A fantastic broker can multiply your first investments and give you favorable profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investing objectives.
There is no sure-fire method to ensure profits; thus, you must carefully assess your broker before you select them. It's a frequent misconception that all brokers are the same, but that is not correct. Wrong judgment, in the beginning, can put your investments at risk.
huobi and First Trade are both brokers that have forged their way successfully into the broker world. In this review, we have tried to collate some of the vital aspects of both huobi and First Trade. This review will allow you to understand whether either First Trade or huobi is a fantastic match for your own investments or not. We have tried to breakdown all the qualities and fees for your convenience.
Benefits of huobi and First Trade Compared
huobi has a minimum deposit of $250 while First Trade offers a $5 minimum deposit.
Why smaller minimum deposits are good and how huobi 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.
huobi has around 140 financial instruments whilst First Trade allows you to trade around 140 financial instruments on their platform.
The more financial instruments you can trade on the huobi 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 should never want to miss out on a trading opportunity due to the limitations of huobi or First Trade.
huobi and First Trade Contact Details
Being able to contact an online trading platform simply is vital. huobi and First Trade have the following contact details and social medias that you can use.
Broker | huobi | First Trade |
---|---|---|
Telephone Number | ||
support@huobi.pro | ||
Address | 9 Shangdi 3 Road, Beijing, CN | |
huobi Twitter Account | First Trade Twitter Account | |
huobi Facebook Page | First Trade Facebook Page | |
huobi Instagram Account | First Trade Instagram Account | |
huobi LinkedIn Page | First Trade LinkedIn Page | |
YouTube | huobi YouTube Channel | First Trade YouTube Channel |
Find Out More |
|
|
First Trade and huobi 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.
This part of comparing huobi 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 the 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 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?
huobi vs First Trade - Awards
huobi vs First Trade - Frequently Asked Questions
huobi vs First Trade - Headquarters And Year Of Founding
huobi was founded in 2013 and has its headquaters in China.
First Trade was founded in 2008 and has its headquaters in USA.
What is the minimum deposit for First Trade or huobi
The minimum deposit for huobi is $250.
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 huobi and First Trade are a good choice.
huobi vs First Trade - Regulation And Licencing In More Detail
huobi is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F257.
First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Both huobi and First Trade have a strong collection of rules for ensuring honest trading onto their individual platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
As per 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 huobi vs First Trade Commission And Fees
huobi and First Trade are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled much better. That is, an online broker is not necessarily affected by the number of customers they have.
However, 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 make money. There are primarily three different types of fees for this objective.
The first sort of charges to look out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you're charged trading fees. In such cases, you're spending a spread, financing speed, or even a commission. The sorts of trading charges and the prices 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 cost. Funding or overnight prices are those who are charged when you maintain a leveraged position for longer than a day.
Aside from trading charges, online brokers also bill non-trading fees. These are dependent on the actions you undertake on your accounts. They're charged for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
Generally, neither huobi 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 daily or weekly trading.
But, non-trading fees charged by huobi and First Trade are comparatively higher. Consequently, you are charged more for non-trading activities in your trading accounts, such as deposits and withdrawal. These aren't related to the purchase and sale of assets.
This huobi vs First Trade review for 2024 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For huobi And First Trade
What Languages Do huobi And First Trade Support?
Being able to talk easily with your trading platform is a key way of comparing trading platforms to find your perfect trading partner. Not only for support but to ensure you understand everything on their website and inside their application as it is a key factor to success when trading online.
Below you can find all the languages that both huobi and First Trade offer communication in.
How Many Clients Do huobi and First Trade Have?
Both huobi and First Trade are well established with their client base. It is really important to work with a broker that is reputable and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many customers huobi and First Trade have
What Payment Methods Do huobi and First Trade Accept?
huobi 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 huobi and First Trade
What Can You Trade With huobi and First Trade?
huobi offers 140 trading instruments and First Trade offers 101.
Below you will find a full breakdown of what both huobi and First Trade offer.
huobi Review
huobi vs First Trade:
Table Of Contents
- Compare huobi vs First Trade
- Benefits of huobi and First Trade Compared
- First Trade and huobi Mobile App Comparison
- huobi vs First Trade - Awards
- huobi vs First Trade - Frequently Asked Questions
- What is the minimum deposit for First Trade or huobi
- huobi vs First Trade - Regulation And Licencing In More Detail
- Compare Broker Fees For huobi And First Trade
- What Languages Do huobi And First Trade Support?
- How Many Clients Do huobi and First Trade Have?
- What Payment Methods Do huobi and First Trade Accept?
- What Can You Trade With huobi and First Trade?