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Firstrade vs ThinkMarkets

Firstrade vs ThinkMarkets Comparison Table 2023
Firstrade ThinkMarkets
Review
4

Firstrade is #23 in our broker rankings.

Review
4
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.

ThinkMarkets is a multi-regulated forex and CFD broker

71.89% of retail investor accounts lose money when trading CFDs with this provider.
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
  • Best CFD Provider 2021 - City of London Wealth Management Awards (COLWMA)
  • Best Value Broker in Asia at the 2020 - Global Forex Awards
  • Best Forex Trading Experience 2017 - UK Forex Awards
  • Best Forex Trading Innovation 2017 - UK Forex Awards
  • Best Customer Service 2013 - UK Forex Awards
Bonus
Deposit Bonus Up To $4000
Instruments
Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed Forex, CFDs, ETFs, Futures, Shares, Commodities, Cryptocurrencies, Spread Betting (UK Only)
Demo Account
No Yes
Minimum Deposit
$0 $0
Payment Methods
Minimum Trade
$1 0.01 lots
Regulator
SEC, FINRA FCA, ASIC, FSCA, CySEC, JFSA, FSA Seychelles
Margin Trading
Yes No
Margin Rate
4.50%
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No Yes
eSignal
No No
Trading Central
No Yes
STP Account
No Yes
ECN Account
No No
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 Yes
Auto Trading
Yes - EAs compatible
Copy Trading
No Yes
Social Trading
No Yes
Trade Signals
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
Islamic Account
No Yes
Account Currencies
  • USD
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered CFDs are available on multiple markets, including FX, indices, shares, commodities & cryptocurrency
Leverage
1:500
FTSE Spread
0.7
GBPUSD Spread<
0.4
Oil Spread
0.03
Stocks Spread
From 0.4
Forex Trading
Forex trading not offered Trading available on 46 major, minor, and exotic currency pairs
GBPUSD Spread
0.3 (ThinkZero) Variable
EURUSD Spread
0.0 (ThinkZero) Variable
EURGBP Spread
0.0 (ThinkZero) Variable
Assets
46
Cryptocurrency
Take positions on 35+ cryptocurrencies with low fees and 24/7 investing. Trading on popular 20+ crypto coins, including Bitcoin, Ethereum & Dash. Leverage up to 1:10
Spread
Variable BTC 25, ETH 6 (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
  • BCH
  • LTC
  • XMR
  • DOGE
  • XLM
  • BTC
  • ETH
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
71.89% of retail investor accounts lose money when trading CFDs with this provider.
More Comparisons
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