Firstrade vs FinPros

Firstrade vs FinPros Comparison Table 2024
Firstrade FinPros
4
3.5

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.

FinPros is an offshore broker that provides CFD trading on 400+ instruments with high leverage up to 1:500. This is a reliable bet for traders seeking offshore options, with strong security measures, negative balance protection and segregated client funds. The extra features including trading tools and commission-free stocks make this a good choice for beginners, and experienced day traders will appreciate tight spreads.

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." "With raw spreads, diverse markets, useful trading tools and MetaTrader 5 support, FinPros is a good all-rounder for beginners or experienced traders."
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
  • Ultra-low latency
  • Free demo account
  • MetaTrader 5 platform
  • Trading Tools by TradingCentral
  • No deposit and withdrawal fees
  • Commission-free stock trading
  • 21 seconds average response time
  • Fully automated account registration process
  • A choice of live accounts and pricing models
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
  • Offshore regulation
  • Only one trading platform
  • Traders from the USA not accepted
  • $800 minimum deposit with most accounts
Awards
  • Best for ETF & Active Investor Commission & Fees - 2019
Instruments
Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed CFDs on Stocks, Indices, Forex, Commodities, & Cryptocurrencies
Demo Account
No Yes
Minimum Deposit
$0 $100
Trading Platforms
  • Own
  • MT5
Payment Methods
Minimum Trade
$1 0.01 Lots
Regulator
SEC, FINRA FSA
Margin Trading
Yes Yes
Margin Rate
4.50%
STP Account
No Yes
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 Yes
Market Maker
Yes No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
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
$0 $20
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CAD
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Trade CFDs on forex, stocks, indices, commodities and cryptos with high leverage up to 1:500 on the no-commission ClassiQ account. The raw spread account options have low commissions from $4 round-turn and offer lower maximum of leverage of 1:200 or 1:400, which is still competitive.
Leverage
1:500
FTSE Spread
From 0.0
GBPUSD Spread
From 0.0
Oil Spread
From 0.0
Stocks Spread
$0 per trade From 0.0
Forex Trading
Forex trading not offered FinPros offers 80+ forex pairs, which is one of the more diverse offerings available. Traders benefit from ultra-low latency, MT5 support and very tight spreads and low commissions on the RAW+ account.
GBPUSD Spread
From 0.0
EURUSD Spread
From 0.0
EURGBP Spread
From 0.0
Assets
80+
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. Trade leveraged CFDs on eight of the most popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin and Ripple, in pairs with USD, EUR and JPY. The wider variety of fiat pairs make this an attractive offering, even if there is only a mediocre selection of crypto tokens to trade them with.
Spread
Variable From 0.0
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
  • ADA
  • BTC
  • DOT
  • EOS
  • ETH
  • LTC
  • XLM
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
Firstrade
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