First Trade Review 2025 (Expert Review)

First Trade Review Summary

Firstrade is regulated by the National Futures Association and is backed by a long-standing track record. It offers free stock trading and doesn't charge inactivity or account fees. It also has excellent educational resources to help you better understand the financial markets. Firstrade has a basic, but functional platform. The order entry process is simple and intuitive, and the margin calculation is done automatically. The company offers free demo accounts and a Chinese-language support team. It also has a free, automated option trading robot that is helpful in option trading. The mobile app is also easy to use, although the web platform is not updated to meet current web standards. Its website still remains relatively user-friendly and is easy to navigate

First Trade review
First Trade Platform Features

First Trade main features and highlights

🗺️ Country of regulation	Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)
💰 Trading fees	No
💰 Inactivity fee	No
💰 Withdrawal fee	No
💰 Minimum deposit	0
🕖 Time to open a First Trade account	1-3. *A First Trade demo account can be opened in a few minutes, but live First Trade trading account creation times will vary depending on how long it takes to process your First Trade KYC documents.
💳 Wire Transfer	No
👛 Depositing with electronic wallet	No
💱 Number of base currencies supported	1
🎮 Demo account provided	Yes
🛍️ Financial Instruments offered	Forex, Majors, Indices, Energies, Metals, Agriculturals,

First Trade review
First Trade Financial Regulation

First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).

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First Trade Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using First Trade include a large choice of assets that are available to be traded 24/7; and a modern website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using First Trade can be that the spreads offered on trading financial instruments (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

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First Trade Advantages

One of the main advantages of using First Trade is around the clock service and support as well as research offerings. Not only this, but First Trade has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of First Trade with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with First Trade makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. First Trade offers stock quotes and trade information, making it easy for users to view how their investments are doing.

• First Trade has been in business over 10 years.
• First Trade offers Stock Trading.
• First Trade offers Neteller as a payment method.
• First Trade offers Spread Betting.
• First Trade offers mobile trading applications.
• First Trade does not have inactivity fees.

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First Trade Disadvantages

Although First Trade has a lot of good points First Trade does not offer the below.

• First Trade does not offer Cryptocurrency Trading (See First Trade alternatives who offer Cryptocurrency Trading here)
• First Trade does not offer PayPal as a payment method (See First Trade alternatives who offer PayPal as a payment method here)
• First Trade does not offer Islamic Accounts (See First Trade alternatives who offer Islamic Accounts here)
• First Trade does not offer ECN trading (See First Trade alternatives who offer ECN trading here)
• First Trade does not offer Bitcoin Trading (See First Trade alternatives who offer Bitcoin trading here)
• First Trade does not offer the MetaTrader 4 platform (See First Trade alternatives who offer the MetaTrader 4 platform here)
• First Trade does not offer the MetaTrader 5 platform (See First Trade alternatives who offer the MetaTrader 5 platform here)
• First Trade does not offer the cTrader platform (See First Trade alternatives who offer the cTrader platform here)
• First Trade does not offer a Apple Mac desktop trading platform (See First Trade alternatives who offer an Apple Mac desktop trading platform here)
• First Trade does not offer Hedging (See First Trade alternatives who offer Hedging here)
• First Trade does not offer Scalping (See First Trade alternatives who offer Scalping here)
• First Trade does not offer mobile trading applications (See First Trade alternatives who offer mobile trading apps here)
• First Trade has inactivity fees (See First Trade alternatives who do not have inactivity fees here)

Risk Warning: Your capital is at risk.

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Things to understand when trading with First Trade

Trading with First Trade involves risk. You should only risk capital with First Trade that you can afford to lose. Understand your risk tolerance with First Trade, and have a trading strategy that First Trade is able to help you execute. First Trade is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments First Trade give you access too.

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First Trade Trading Fees

Trading fees on First Trade are taken in the form of the spreads First Trade offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on First Trade. First Trade fees vary depending on the financial instruments traded and can include, First Trade overnight funding fees, spreads, margins and First Trade inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your First Trade account charged by your 3rd party payment provider if your First Trade base currency is different from your First Trade withdrawal method.

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First Trade Financial Instrument Fees

First Trade fees for Forex, Majors, Indices, Energies, Metals, Agriculturals, are listed below.

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First Trade Stock Trading Fees

The majority of First Trade trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A First Trade stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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First Trade Forex Fees

Commission on First Trade Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for First Trade Forex fees is based on their trade size. To calculate First Trade Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

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First Trade Non Trading Fees

First Trade non-trading fees include a variety of First Trade brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the First Trade trading platform. The most common non-trading fees include First Trade withdrawal fees, First Trade deposit fees and First Trade inactivity fees.

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First Trade Deposit Fees

First Trade does charge deposit fees in some cases. When funding your First Trade account there may be some First Trade deposit fees which will vary depending on the payment method you use to deposit to your live First Trade trading account.

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First Trade Inactivity Fees

First Trade does not charge traders inactivity fees. First Trade does not charge for dormant inactive trading accounts. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

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First Trade Withdrawal Fees

First Trade does not charge withdrawal fees. Withdrawals fees vary between First Trade and First Trade alternatives depending on where you are located and how much money you are withdrawing.

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First Trade Account Fees

First Trade does not charge account fees. Account fees charged differ between First Trade and other brokers. An account is a fee that First Trade and other brokers assesses on all accounts for the ability to keep an account on their platform.

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First Trade Account Opening

The First Trade account registration process is simple, user-friendly, and quick. Within 1-3 most First Trade trading accounts are ready for live trades. Our First Trade account was validated in 1 day, but live First Trade trading account verification times will vary depending on the time it takes to process your KYC documents and First Trade trading account application. A First Trade demo account can be opened in a few minutes.

First Trade trading accounts are available in over 192 countries. First Trade is restricted in the following countries.

Apart from the restricted countries a First Trade trading account can be opened globally.

The First Trade trading platform is available for residents in US. Some financial instruments First Trade offer may be restricted in your country.

• Fast First Trade account opening.
• First Trade accounts can be opened and KYC can be verified digitally.
• First Trade minimum deposit is 0 USD / GBP / EURO.
• First Trade trading account verification may be held up for longer than a day if there is an issue with verifying your account.

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First Trade Deposit And Withdrawal

First Trade Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

GBP, USD, EURO are supported by First Trade as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

First Trade offers the following account GBP, USD, EURO.

When trading make sure your First Trade trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. First Trade has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

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First Trade Deposit Fees and Deposit Methods

Investors can log in to their First Trade trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their First Trade trading accounts from an existing bank account or send the funds through a wire transfer or online check.

First Trade Deposit Fees

Making a deposit on your First Trade account is free.

First Trade Deposit Methods

There are several methods through which you can deposit money into your First Trade account. One can use a credit or debit card and First Trade accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your First Trade account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your First Trade account. Funding methods for First Trade include Skrill, Neteller,.

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First Trade Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your First Trade brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open First Trade positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your First Trade account.

First Trade Fees When Withdrawing Your Account Balance

First Trade do not charge withdrawal fees. Some withdrawal fees are out of the control of First Trade and may be due to 3rd party payment providers and your account base currency.

First Trade Withdrawal Methods

Log into your First Trade trading account, which is connected to your bank account. Go to the section that says “funds” or “accounts” and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your First Trade account to your bank account. To withdraw money from your First Trade account you can use credit or debit cards. First Trade processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as First Trade processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

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First Trade Trading Platforms

As there are a number of tradable financial instruments available on the First Trade trading platform. Before investing in the First Trade platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The First Trade platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. First Trade offer phone, and email support.

If you struggle with technology, you need to consider the level of support on First Trade is available. Another thing to consider is your financial goals. Make sure that a First Trade account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a First Trade account. Ensure that First Trade allows you to focus on the type of trading that you want to focus on.

Make sure First Trade is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using First Trade, think about how easy it is to use for your personal needs. Does the First Trade platform offer real-time updates or delayed updates that are more informed? Remember to check if First Trade is well regulated, and what tradeable financial instruments First Trade has. Security is very important when it comes to trading with First Trade.

First Trade Web Trading Platform

A First Trade web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through First Trade which acts as a financial intermediary. First Trade is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the First Trade mobile trading platform.

First Trade Apple IOS Trading Platform

A First Trade iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

First Trade Google Play Android Trading Platform

A First Trade Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

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First Trade Mobile Trading User Experience

First Trade mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. First Trade mobile trading refers to trading using a mobile phone.

Leading brokerages like First Trade offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire First Trade portfolio. All an investor needs is a Web-enabled smartphone and a trading account with First Trade. Once you have download the First Trade trading app, you are ready to begin.

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First Trade Desktop Computer Trading Platform

A First Trade computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The First Trade desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The First Trade desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

First Trade PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using First Trade. A trading computer with access to a First Trade PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

First Trade Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the First Trade trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the First Trade trading platform is very user friendly on a Mac device.

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First Trade Trading Look And Feel

The First Trade user interface (UI) is what First Trade traders will see and interact with first when trading with the First Trade trading platform. The First Trade is well designed. The goal of the First Trade trading UI is to make the First Trade user's experience intuitive. The First Trade application has good user experience and a good level of customer satisfaction.

First Trade Security

First Trade is a secure trading platform. First Trade offers traders security via 2 factor authentication, SSL encription when trading with First Trade. First Trade trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with First Trade. Rate limitation on First Trade suspicious account activities is another layer of protection that is provided for First Trade trading accounts, for example multiple failed login attempts with First Trade. You have the option to further safeguard your account by using First Trade Two-Factor Authentication (2FA), which provides an extra layer of security.

The First Trade trading infrastructure is constantly watched and guarded by a trained team at First Trade In addition, First Trade never send sensitive information without first encrypting on the First Trade trading platform using transport layer security (TLS) and SSL.

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Placing A Buy Or Sell Order On First Trade

Available First Trade order types. # market, limit, stop, stop limit, Good until end of day / canceled.

First Trade Market Order

A First Trade market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. First Trade market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. First Trade market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

First Trade Limit Order

A First Trade limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

First Trade Stop Order

A First Trade stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

First Trade Stop Limit Order

A First Trade stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The First Trade stop-limit order triggers a limit order when a stock price hits the stop level. A First Trade stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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First Trade Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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First Trade Trading Platform Features

Online trading platforms like First Trade are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with First Trade. The First Trade trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using First Trade.

First Trade Margin Trading

First Trade margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, First Trade margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

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First Trade Account Types

First Trade Demo Account

First Trade offers demo accounts that gives traders the ability to purchase and sell First Trade financial instruments in a practice environment, using fake First Trade digital money and live market conditions and data. When you practise on a First Trade demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the First Trade platform. First Trade demo accounts allow you to experience and practice a variety of market charts, First Trade trading indicators, and trading strategies using First Trade.

First Trade Standard Account

First Trade offers a standard trading account, allowing First Trade traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich First Trade trading platform.

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First Trade Tradable Financial Instruments

First Trade tradable financial instruments are the financial instruments that are specifically available to trade on the First Trade trading platform. This refers to the different types of financial markets you can trade with through First Trade. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on First Trade.

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First Trade Trading Stocks

Stock trading with First Trade is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with First Trade; if you possess the stock on First Trade, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on First Trade involves purchasing and selling stocks and share using First Trade periodically in order to time trades against the stock markets, with the aim of using First Trade to profit from your stock trading. First Trade stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on First Trade. Stock traders on First Trade conduct significant study, frequently dedicating several hours every day to market monitoring using First Trade trading tools.

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First Trade Trading ETFs

What Are ETFs

First Trade does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

First Trade does not offer fractional share trading.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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First Trade Trading Cryptocurrencies

First Trade offers cryptocurrency trading.

Cryptocurrency trading can be conducted using First Trade to buy and sell the cryptocurrency financial instruments on First Trade. Cryptocurrency trading can also be done using a cryptocurency CFD First Trade trading account where allowed by financial regulators, to speculate on up or down price movements of a specific crypto asset using First Trade. A CFD is a high risk leveraged trade between the trader and the First Trade brokerage. No underlying assets are exchanged with a First Trade CFD contract, it is purely speculation on the crypto financial instruments price movements with First Trade. First Trade CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if First Trade CFD cryptocurrency trading is allowed in your region and make sure you undertand the risks fully before trading.

The volatility of cryptocurrencies is the biggest source of risk when trading them with First Trade. They are high-risk and speculative, and you should be aware of the hazards before you begin trading high risk financial instruments with First Trade.

Cryptocurrency trading is not offered by First Trade, so you will need to find a First Trade alternative that allows you to buy and sell the underlying cryptocurrency assets. First Trade CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a First Trade alternative and make sure you undertand the risks fully before trading.

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First Trade Forex Trading

Forex trading with First Trade is a method through which to invest money which involves trading one currency for another in a Forex currency pair with First Trade. The main aim of First Trade Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with First Trade. As a First Trade Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like First Trade. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like First Trade. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on First Trade.

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First Trade Commodities Trading

Commodity trading is a type of trading available on First Trade where individuals or businesses buy and sell financial instruments using First Trade related to commodities, such as metals or oil.

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First Trade Options Trading

First Trade options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. First Trade option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

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First Trade Futures Trading

Futures trading with First Trade is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using First Trade to facilitate the trade. A First Trade futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on First Trade. Typically, futures contracts are traded on an exchange such as First Trade; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling First Trade trader to the contract agrees to provide it.

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First Trade Bonds Trading

Bonds trading on First Trade is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the First Trade trader. Bonds can be bought and sold on First Trade after they are issued. While some bonds are traded publicly through First Trade, most trade over-the-counter between large broker-dealers like First Trade acting on their clients' or their own behalf. Yield is therefore based on the First Trade purchase price of the bond as well as the coupon.

First Trade CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

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First Trade Trading Research Tools

Taking advantage of First Trade trading research tools which are designed to help traders analyse potential investments using the First Trade trading platform. Some First Trade research tools include charts, technical analysis, and First Trade trading indicators.

First Trade Trading News

Traders can follow the markets and make wise investment decisions on First Trade by using the news to help form a strategy when it comes to choosing investments. A First Trade news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

First Trade Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A First Trade economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

First Trade Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. First Trade fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

First Trade Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on First Trade are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

First Trade portfolios

Trading portfolios are useful when trading with First Trade.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A First Trade trading portfolio is a traders collection of investments, which may include a variety of First Trade financial instruments.

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First Trade Payment Methods

A First Trade payment method is required to fund your First Trade trading account before placing a buy or sell order on a financial instrument.

When trading with First Trade, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that First Trade do not have any control over.

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First Trade Withdrawl Methods

When trading with First Trade at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your First Trade account balance. First Trade may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your First Trade account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

First Trade Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your First Trade account.

Withdrawal requests can take up to three business days to be processed by First Trade.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your First Trade should arrive in less than 24 hours.

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First Trade Customer Support

Customer support represents the resources within the First Trade company that provides technical assistance to its customers after they use the First Trade service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

First Trade offer email, phone, customer support.

First Trade Email Support

First Trade offers email support.

Email support is a a convenient method of First Trade customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from First Trade regarding your support request.

First Trade Livechat Support

First Trade offers livechat support.

First Trade live chat support is a way for customers to obtain help from First Trade through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

First Trade Telephone Support

First Trade offers telephone support.

First Trade telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the First Trade call centre to give or take information.

First Trade Average Support Response times

Contact Method	Average Response Time
First Trade Email	6 hours
First Trade Phone	5 minutes

We tested the customer service response times of First Trade on Monday, January 13, 2025.

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First Trade Educational Resources

First Trade educational resources are used throughout the First Trade learning environment to help and assist with customer's development and learning of trading on First Trade. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using First Trade trading tools. Educational resources like some of the resources available with First Trade are a good as part of a wider set of educational guides and information from else where online.

Some of the First Trade trading guides and information that we found useful included platform tutorial videos, eBooks, advanced trading courses, webinars.

First Trade Trading Platform Tutorials

First Trade offer a range of learning resources and tutorials and guides made available to registered First Trade users. The First Trade guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate First Trade users on basic trading principles.

First Trade Trading Videos

First Trade offer a selection of online trading videos.

Trading videos on First Trade help new and even more experienced investors gain insights into First Trade technical analysis tools and how the different financial markets work when trading on First Trade.

First Trade trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs. Some First Trade training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using First Trade to trade live financial markets.

First Trade Webinars

First Trade offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of First Trade clients who participate by asking questions, replying to polls, and using other interactive technologies available on the First Trade trading platform.

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First Trade Financial Regulation When Trading

Financial regulations on First Trade protect consumers' investments. Regulations prevent financial fraud and limit the risks that First Trade as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. First Trade financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is First Trade Regulated?

First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).

First Trade is licensed by financial regulators in certain jurisdictions. You can find out if brokers like First Trade are licensed in your country, if they have had run-ins with regulators, or received serious complaints from First Trade investors, directly with financial regulators in your country.

First Trade Regulatory Protection Limits

When registering with First Trade you must check with regulatory body your First Trade trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your First Trade account is over seen by. First Trade client funds are stored in segregated 3rd party bank account in accordance with First Trade financial regulators.

Client country	Investor protection amount	Regulator
United Kingdom	£85,000	Financial Conduct Authority (FCA)
EU Investor Compensation Scheme	max €50,000	Directive of The European Parliament and European Commission
Other countries	90% of your funds, max €20,000	Bulgarian Financial Supervision Commission (FSC)

First Trade Trading Signals

First Trade does not offer trading signals in any form.

Make sure you understand the risks of trading signals.

How does First Trade make money?

Because First Trade acts as an intermediary, First Trade gets compensated on buy and sell transactions of financial instruments. As a result, First Trade profit is determined by the volume and number of transactions. First Trade earns revenue to fund their First Trade platforms and wide range of trading services through market spreads.

Can you buy shares on First Trade?

First Trade provides customers with real company shares. Traders can choose from thousands of stock CFDs in addition to shares. You can see the complete list of stocks here. First Trade offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and First Trade on the speculative up or down price movement on an agreed stocks price movement.

Does First Trade offer Cryptocurrency?

First Trade does not offer cryptocurrency trading. The offering of crypto CFDs was stopped by most trading platforms on November 27, 2020, as a result of the Financial Conduct Authority of the UKs restrictions on cryptocurrency. While buying and selling Bitcoin and other cryptocurrencies is still lawful, the UK financial regulator, the Financial Conduct Authority (FCA), has made trading cryptocurrencies illegal for UK residents. This is because the FCA considers crypto CFD trading to be a high-risk activity. You'll need to see if trading crypto CFDs are allowed in your country.

First Trade Lower fees, lower costs?

First Trade have reasonable trading fees and costs. First Trade do not charge a deposit fee. First Trade may charge a withdrawal fee. Some withdrawal fees are out of the control of First Trade and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

First Trade minimum deposit is 0 USD / GBP / EUR.

How to start your First Trade account?

You can sign up for a live or demo First Trade trading account by visiting First Trade and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an First Trade account here.

How's the First Trade trading app?

First Trade allow traders to trade financial markets on First Trade does not currently offer trading through any mobile applications on iOS or Android. supported mobile devices.

You can tryout the First Trade trading app here. Your capital is at risk

Is the quality of First Trade customer service satisfactory?

First Trade have average customer support offering support through email, phone, support options.

Is this broker good for new traders?

First Trade is a good trading platform for new traders as First Trade offer a good range of educational resources, good support options as well as a demo account.

How do you withdraw money from First Trade?

First Trade offer a good selection of withdrawal options. Once First Trade have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

Best First Trade Alternatives Reviews

If First Trade isnt quite what you are looking for you can check out some of the best First Trade alternatives below.

• IC Markets Review (read our in depth 2025 review)
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Best First Trade Alternatives In Detail

If you would like to see First Trade compared agains some of the best First Trade alternatives available right now you can do so by clicking on the links below.

• IC Markets Alternatives (read our in depth 2025 Alternatives for IC Markets)
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Check out RoboForex – Professional services on Forex market