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Finq.com vs Firstrade

Finq.com vs Firstrade Comparison Table 2023
Finq.com Firstrade
Review
3.8
Review
4

Firstrade is #26 in our broker rankings.

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United States Flag Traders from US accepted

Finq.com is a multi-asset offshore broker that provides CFD trading on 2100+ instruments with fast execution and high leverage. The company is registered with Seychelles FSA and was established in 2017. The broker supports MetaTrader 4 and a bespoke WebTrader and traders can test its services through a free demo account.

Firstrade is a US-headquartered discount broker-dealer with authorization from the SEC. The company is also a member of FINRA/SIPC. With welcome bonuses, powerful tools and apps, plus commission-free trading, Firstrade Securities is a popular online brokerage. It is also quick and easy to open a new account.

Bonus Offer
$50 Welcome Bonus Deposit Bonus Up To $4000
Promotions

Get $200 In Transfer Fee Rebates When You Switch To Firstrade
Comment by Reviewer
"Finq.com will serve traders looking for high leverage in return for less regulatory oversight. Clients with enough capital for the upper-tier accounts will be able to enjoy the best conditions while trading CFDs at Finq.com." "We recommend Firstrade for beginner investors looking to trade US stocks with no commissions. There is a wealth of free education plus premium-quality research and trading ideas from Morningstar, Briefing.com, Zacks and Benzinga."
Pros
  • Up to 1:300 leverage
  • 24/5 customer support
  • 2100+ financial instruments
  • Free deposits and withdrawals
  • Joining bonuses and loyalty rewards
  • Demo account with access to virtual funds ($10k)
  • Bespoke trading platform plus industry-renowned MT4 terminal
  • SIPC member
  • Low OTC fees
  • Crypto trading
  • Premarket trading
  • Accepts US traders
  • No minimum deposit
  • Commission-free investing
  • Regulated by SEC and FINRA
  • Multiple customer support options
  • Access to education, research, and tools
  • Stop limit and trailing stop orders supported
  • Mobile app with advanced features and analysis
Cons
  • No copy trading tool
  • Limited security details
  • No MetaTrader 5 platform
  • Limited regulatory oversight
  • Narrow range of trading tools
  • No copy trading
  • Some withdrawal fees
  • No 24/7 customer support
  • No forex or futures trading
  • No demo/paper trading account
  • Visa Credit/debit card deposits and withdrawals not accepted
Awards
  • Best for ETF & Active Investor Commission & Fees - 2019
Instruments
Shares, forex, commodities, indices, bonds, cryptocurrencies, ETFs Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed
Demo Account
Yes No
Minimum Deposit
$100 $0
Trading Platforms
  • MT4
  • TradingCentral
  • Own
Payment Methods
Minimum Trade
0.01 Lots $1
Regulator
FSA SEC, FINRA
Margin Trading
Yes Yes
Margin Rate
4.50%
STP Account
No No
ECN Account
Yes No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS, Android & Windows iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No Yes
Guaranteed Stop Loss
No No
Inactivity Fee
$25
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • INR
  • ZAR
  • CHF
  • RUB
  • USD
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on 2100+ markets through the broker's market-maker execution model and use the high-quality educational resources to sharpen your trading skills. The depth of CFDs beats most rivals. CFD trading not offered
Leverage
1:300
FTSE Spread
2.0 pts
GBPUSD Spread
0.20 pips
Oil Spread
3.0 pips
Stocks Spread
Forex Trading
Trade 55 forex pairs from majors, minors and exotics, with leverage up to 1:300. Spreads start from 1.9 on popular majors on the standard account or 0.8 on the highest-tier Exclusive account, and small percentage commissions also apply. Forex trading not offered
GBPUSD Spread
From 0.2 pips
EURUSD Spread
From 0.1 pips
EURGBP Spread
From 0.2 pips
Assets
55
Cryptocurrency
Trade 20+ crypto CFDs including Bitcoin, Ethereum, Litecoin and Dash with 1:2 leverage. Spreads are tight and fast execution speeds will suit active crypto day traders. Take positions on dozens of leading cryptocurrencies with low fees and 24/7 investing. Traders need just $1 to start speculating on popular tokens like Bitcoin. Clients can also buy cryptos instantly in a few straightforward steps.
Spread
From 0.8 pips Variable
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • DASH
  • ALGO
  • AVAX
  • BAT
  • BTC
  • BCH
  • ADA
  • LINK
  • ATOM
  • CRO
  • CRV
  • MANA
  • DOGE
  • ETH
  • ETC
  • FTM
  • LTC
  • LRC
  • MATIC
  • REN
  • SHIB
  • SOL
  • XLM
  • SUSHI
  • GRT
  • UNI
  • YFI
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
More Comparisons
Finq.com
vs
 Firstrade
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