Firstrade vs FXOpen

Firstrade vs FXOpen Comparison Table 2023
Firstrade FXOpen
4

Firstrade is #27 in our broker rankings.

3.7
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.

FXOpen is a highly regulated FX and CFD broker offering multiple trading platforms and spreads from 0.0 pips.

Pros
  • Low minimum deposit
  • Good execution speed
  • Strong regulatory oversight
  • Demo account
  • MT4 integration
  • Strong regulatory oversight
  • Multiple payment methods
  • Bonuses & trading contests
  • Full range of investments
  • Copy trading (global traders)
  • Low minimum deposit (global traders)
Cons
  • No demo account
  • No copy trading
  • No MT4 integration
  • Few payment methods
  • Narrow range of investments
  • Inactivity fee
Awards
  • Best for ETF & Active Investor Commission & Fees - 2019
  • Best ECN Broker 2012 - Masterforex-V
  • Best Forex Broker in Australasia 2011 - World Finance Magazine
  • Best Islamic Forex Broker 2011 - IB Times Trading Awards
  • Best South-East Asia Forex Broker and Best ECN Forex Broker 2011 - IB Times Trading Awards
  • Best Trading Platform 2010 - Falcon Awards
Bonus
Deposit Bonus Up To $4000
Instruments
Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares
Demo Account
No Yes
Minimum Deposit
$0 $1 Global, £300 UK
Payment Methods
Minimum Trade
$1 0.01 Lot
Regulator
SEC, FINRA FCA, CySEC, ASIC
Margin Trading
Yes Yes
Margin Rate
4.50%
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No Yes
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
Yes (EAs)
Copy Trading
No Yes
Copy Trading Platform
FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade supported.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No Yes
Tournaments
No Yes
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
Yes No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • CHF
  • HKD
  • RUB
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Trade CFDs on currency pairs, cryptocurrencies, indices, & commodities with tight spreads
Leverage
1:30 - 1:500 (varies by trading entity)
FTSE Spread
0.8
GBPUSD Spread<
0.2
Oil Spread
4.0
Stocks Spread
N/A
Forex Trading
Forex trading not offered Trade major, minor & emerging forex pairs with 1:30 leverage
GBPUSD Spread
0.2
EURUSD Spread
0.2
EURGBP Spread
0.2
Assets
50+
Cryptocurrency
Take positions on 35+ cryptocurrencies with low fees and 24/7 investing. Trade on 40+ cryptocurrency coins with 1:2 leverage (Pro clients only in UK).
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
  • BCH
  • ETH
  • LTC
  • ETC
  • EOS
  • DSH
  • XRP
  • IOT
  • XMR
  • NEO
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
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