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Firstrade vs 12Trader

Firstrade vs 12Trader Comparison Table 2023
Firstrade 12Trader
Review
4

Firstrade is #24 in our broker rankings.

Review
Not Yet Rated
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

Firstrade is a US-headquartered discount broker-dealer. With welcome bonuses, powerful tools and apps, plus commission-free trading, Firstrade Securities is a popular online brokerage.

12Trader is a regulated online broker offering trading in forex & CFDs.

Pros
  • Low minimum deposit
  • Good execution speed
  • Strong regulatory oversight
Cons
  • No demo account
  • No copy trading
  • No MT4 integration
  • Few payment methods
  • Narrow range of investments
Awards
  • Best for ETF & Active Investor Commission & Fees - 2019
Bonus
Deposit Bonus Up To $4000
Instruments
Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed Forex, CFDs, indices, stocks, commodities, cryptocurrency
Demo Account
No Yes
Minimum Deposit
$0 $500
Payment Methods
Minimum Trade
$1 0.01 lots
Regulator
SEC, FINRA CySEC, VFSC
Margin Trading
Yes No
Margin Rate
4.50%
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No 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
No No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android Yes
Copy Trading
No No
Social Trading
No Yes
Trade Signals
Yes - daily
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
Yes No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • USD
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered CFDs available on indices, stocks, FX, commodities, and crypto pairs
Leverage
1:400
FTSE Spread
1
GBPUSD Spread<
0.6
Oil Spread
0.05
Stocks Spread
Variable
Forex Trading
Forex trading not offered Forex trading on dozens of majors, minors and exotics
GBPUSD Spread
0.5
EURUSD Spread
0.6
EURGBP Spread
0.5
Assets
41
Cryptocurrency
Take positions on 35+ cryptocurrencies with low fees and 24/7 investing. Trade cryptocurrency CFDs
Spread
Variable Variable
Coins
  • 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
  • BTC
  • XRP
  • LTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
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