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Focus Option vs Firstrade

Focus Option vs Firstrade Comparison Table 2023
Focus Option Firstrade
Review
4.1
Review
4

Firstrade is #24 in our broker rankings.

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

Focus Option specializes in digital options and leveraged CFDs. The broker offers a web platform and downloadable mobile app, alongside four account options.

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.

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
Binary Options, CFDs, Forex, Metals, Indices Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed
Demo Account
Yes No
Minimum Deposit
$10 $0
Payment Methods
Minimum Trade
$1 $1
Regulator
SEC, FINRA
Margin Trading
Yes Yes
Margin Rate
4.50%
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes 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 Yes
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No Yes
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • USD
Stock Exchanges
Commodities
CFD Trading
Use leveraged CFDs (between 1:20 and 1:50) to take positions on popular financial markets CFD trading not offered
Leverage
1:50
FTSE Spread
NA
GBPUSD Spread<
3
Oil Spread
1
Stocks Spread
Variable
Forex Trading
Take positions on close to 40 forex pairs including majors Forex trading not offered
GBPUSD Spread
3
EURUSD Spread
1
EURGBP Spread
3
Assets
39
Cryptocurrency
Speculate on 60+ leading digital currencies Take positions on 35+ cryptocurrencies with low fees and 24/7 investing.
Spread
NA Variable
Coins
  • BTC
  • ETH
  • XRP
  • USDT
  • BTC
  • LTC
  • ADA
  • AAVE
  • ATOM
  • DOGE
  • KSM
  • CRO
  • THETA
  • LINK
  • YFI
  • YCC
  • MATIC
  • RUNE
  • SOL
  • MANA
  • MIOTA
  • XMONEY
  • XMR
  • SUSHI
  • BAT
  • 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
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Focus Option facilitates binary options trading on a user-friendly, browser-based platform. The broker also offers ultra-short-term binaries from 30 seconds. Binary options trading not offered
Payout
95%
Expiry Times
30 seconds - 1 week
Ladder Options
No No
Boundary Options
No No
Review
Review
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