Firstrade vs AdroFX

Firstrade vs AdroFX Comparison Table 2023
Firstrade AdroFX
4

Firstrade is #26 in our broker rankings.

3.9
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

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.

AdroFX is an online forex and CFD broker with a beginner-friendly copy trading platform, zero commissions and tight spreads. The mix of fiat and crypto deposit options will appeal to global traders while the choice of 8 accounts will suit different trading strategies and styles. Traders also benefit from 11.07 millisecond execution times with minimal slippage.

Bonus Offer
Deposit Bonus Up To $4000 100% deposit bonus
Promotions

Get $200 In Transfer Fee Rebates When You Switch To Firstrade

Comment by Reviewer
"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." "AdroFX is ideal for new traders with easy-to-use Allpips and MetaTrader 4 platforms, a range of accessible accounts, plus a highly rated news blog."
Pros
  • 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
  • Allpips copy trading platform suitable for new traders
  • Low minimum deposit with multiple global funding methods
  • A demo account plus free education through videos and ebooks
  • Full range of instruments including CFDs with leverage up to 1:500
  • MetaTrader 4 integration with desktop and mobile trading functionality
Cons
  • 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
  • Weak regulatory oversight compared to alternatives
  • Withdrawal charges on several payment options
Awards
  • Best for ETF & Active Investor Commission & Fees - 2019
  • Best STP/ECN Broker
  • Most Innovative Broker
  • Fastest Growing Forex Broker Europe
Instruments
Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed Forex, CFDs, Indices, Shares, Commodities, Cryptocurrencies
Demo Account
No Yes
Minimum Deposit
$0 $25
Trading Platforms
  • Own
  • MT4
Payment Methods
Minimum Trade
$1 0.0001 Lots
Regulator
SEC, FINRA FSA, BSSLA, VFSC
Margin Trading
Yes Yes
Margin Rate
4.50%
STP Account
No Yes
ECN Account
No Yes
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 Yes
Market Maker
Yes No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
Use the Allpips platform to copy the trades of successful investors. Thousands of traders have joined the social trading community and new users can get started with a $100 deposit.
Social Trading
No Yes
Trade Signals
Yes - Smart Signals
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
Yes No
Guaranteed Stop Loss
No No
Inactivity Fee
$5
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered AdroFX offers a good suite of CFDs on stocks, cryptos, indices and commodities, with high leverage up to 1:500. CFD trading is done through the reliable MT4 platform, while a separate Allpips platform is available for copy trading.
Leverage
1:500
FTSE Spread
From 9.0
GBPUSD Spread
From 0.5
Oil Spread
N/A
Stocks Spread
From 3.0
Forex Trading
Forex trading not offered AdroFX has a good forex offering of more than 60 pairs, which can be traded with up to 1:500 leverage via the MT4 platform or copy-traded with Allpips. The broker also offers very tight spreads starting from 0.4 pips and charges no commission.
GBPUSD Spread
From 0.5
EURUSD Spread
From 0.4
EURGBP Spread
From 1.5
Assets
60+
Cryptocurrency
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. AdroFX traders can access a narrow range of four crypto CFDs. This broker does not work as an exchange or wallet, meaning that only derivatives trading and not ownership of crypto assets is available.
Spread
Variable From 3.0
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
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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