AvaTrade
Firstrade
VS
Higher Rated
AvaTrade
Capital at risk · T&Cs apply
AvaTrade and Firstrade cater to different types of traders, offering distinct advantages based on their market focus and trading platforms. AvaTrade, headquartered in Dublin and regulated across six jurisdictions, appeals to traders interested in a diverse range of instruments such as forex, CFDs, and cryptocurrencies, with the benefit of no commission on most accounts and advanced platforms like MT4 and MT5. In contrast, Firstrade, based in New York and boasting over 40 years of experience, is ideal for stock and ETF traders seeking zero commission and no minimum deposit requirements, although it offers a more limited product range and older platform interface. The key difference lies in AvaTrade's comprehensive market offerings versus Firstrade's focus on cost-effective stock trading.
AvaTrade
Firstrade
| AvaTrade | Firstrade | |
|---|---|---|
| BrokerRank Score | 4.0/5 ✓ | 3.4/5 |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0.9 pips | 0 pips ✓ |
| Max Leverage | 1:400 ✓ | 1:2 |
| Regulation | FCA, ASIC, MAS ✓ | SEC, CFTC |
| Platforms | MT4, MT5, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
AvaTrade is the better choice overall, scoring 4.0/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Firstrade offers lower spreads (0 pips).
See full side-by-side comparison belowAvaTrade
Firstrade
AvaTrade
Firstrade
Lower fees
AvaTrade
4.0/5
Choose AvaTrade if you want…
Firstrade
3.4/5
Choose Firstrade if you want…
AvaTrade scores higher overall on our independent rating system. AvaTrade holds a 4.0/5 rating vs Firstrade's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
AvaTrade offers spreads from 0.9 pips, while Firstrade starts at 0 pips. Check the fees section above for a full breakdown.
AvaTrade requires a minimum deposit of $100. Firstrade requires $0.
AvaTrade is regulated by FCA, ASIC, MAS, while Firstrade holds licences from SEC, CFTC.
AvaTrade supports MT4, MT5, Proprietary Mobile. Firstrade supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.