Monex
Firstrade
VS
Compare
Monex
Capital at risk · T&Cs apply
Choosing between Monex and Firstrade depends on your trading style, preferred markets, and budget. Monex is headquartered in Tokyo, Japan, while Firstrade operates from New York, USA. Firstrade has the longer track record, established in 1985, compared to Monex which was founded in 1999. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Monex
Firstrade
| Monex | Firstrade | |
|---|---|---|
| BrokerRank Score | 3.4/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:3 ✓ | 1:2 |
| Regulation | FSA, SEC | SEC, CFTC |
| Platforms | Proprietary Web, Proprietary Mobile, TradeStation JP | Proprietary Web, Proprietary Mobile |
Monex (3.4/5) and Firstrade (3.4/5) are closely matched. Monex has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowMonex
Firstrade
WinnerMonex
Firstrade
Lower feesMonex holds licences from SEC, FSA. Firstrade is regulated by SEC, CFTC.
Both brokers offer access to Stocks markets. Monex additionally covers Etf, Crypto, Forex. Firstrade adds Indices.
Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP. Firstrade offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Monex requires no minimum deposit, while Firstrade sets no minimum deposit. This makes Monex accessible to traders with any budget.
BrokerRank scores Monex at 3.42/5 and Firstrade at 3.41/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Monex leads overall with a marginal advantage.
Monex
3.4/5
Choose Monex if you want…
Firstrade
3.4/5
Choose Firstrade if you want…
Monex (3.4/5) and Firstrade (3.4/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
Monex offers spreads from 0 pips, while Firstrade starts at 0 pips. Check the fees section above for a full breakdown.
Monex requires a minimum deposit of $0. Firstrade requires $0.
Monex is regulated by FSA, SEC, while Firstrade holds licences from SEC, CFTC.
Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP. 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.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.