FTX vs Firstrade

FTX or Firstrade – which is better for UK traders 2024? Compare FTX and Firstrade in this detailed breakdown of their platforms, features and fees.

FTX vs Firstrade Comparison Table 2024
FTX Firstrade
rating empty
rating full
0.3
rating empty
rating full
4
FTX is ranked #79 among crypto brokers. Firstrade is ranked #66 among UK brokers.
Review
Review
FTX and FTX US has filed for Chapter 11 bankruptcy. We strongly advise against making any deposits. The FTX platform has been hacked. A warning has ben issued that the website, platform and app might be infected by trojan malware. We recommend that you refrain from using them.
FTX is a cryptocurrency exchange that offered a vast array of derivatives products and digital tokens. However, the company collapsed and filed for bankruptcy on November 11, 2022 after a wave of withdrawals revealed that the firm has mismanaged client funds and did not have sufficient liquidity. 		Firstrade is a US-headquartered discount broker-dealer with authorization from the SEC. The company is also a member of FINRA/SIPC. With welcome bonuses, powerful tools and apps, plus commission-free trading, Firstrade Securities is a popular and top-tier online brokerage. It is also quick and easy to open a new account.
Pros
  • Lower fees than most other cryptocurrency exchanges, thanks to its tiered system
  • An official mobile app is available on both Android and iOS
  • Built-in automated trading through Quant Zone
  • Ability to stake in the exchange using FTT
  • Enhanced stock trading environment with overnight trading and fractional shares added
  • One of the first brokers to add AI-powered analysis through FirstradeGPT
  • Excellent broker for budget-conscious traders with low OTC fees
  • Highly trusted US-regulated brokerage and SIPC member
Cons
  • Major safety and security concerns - you should not deposit with this firm
  • Limited options for currency withdrawals compared to other exchanges
  • Country restrictions apply to US citizens
  • No demo account available
  • Withdrawal problems
  • Firstrade focuses on stocks at the expense of forex, limiting diversification opportunities
  • No demo/paper trading account found at over 90% of alternatives evaluated
  • Customer support still needs work following testing with no 24/7 assistance
  • Visa credit/debit card deposits and withdrawals are not accepted
Awards
  • Best for ETF & Active Investor Commission & Fees - 2019
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Cryptos, Futures, Options Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed
Demo Account
No No
Minimum Deposit
$1 $0
Payment Methods
Minimum Trade
$1 $1
Regulator
SEC, FINRA
Mobile Apps
iOS & Android iOS & Android
iOS App Rating
rating empty
rating empty
Android App Rating
rating empty
rating empty
Margin Trading
Yes Yes
Margin Rate
4.50%
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
Yes No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No Yes
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
No Yes
P2P Trading
No No
Spot Trading
No No
Auto Trading
Yes
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No Yes
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
Cryptocurrency
FTX supports crypto trading on hundreds of major tokens by way of spot trades and derivatives contracts. This includes access to popular cryptos like Bitcoin, Ethereum and Litecoin. Take positions on dozens of leading cryptocurrencies with low fees and 24/7 investing. Traders need just $1 to start speculating on popular tokens like Bitcoin. Clients can also buy cryptos instantly in a few straightforward steps.
Spread
Variable Variable
Coins
  • BTC
  • ETH
  • SOL
  • FTT
  • USDT
  • MATIC
  • BNB
  • XRP
  • DOGE
  • SRM
  • LINK
  • LTC
  • FTM
  • SUSHI
  • RAY
  • UNI
  • STEP
  • AAVE
  • AGLD
  • 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
Yes No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
Yes No
FTX Firstrade
Review
Review
More Comparisons
FTX
vs

 Firstrade
vs