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Firstrade vs Global Prime : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Firstrade
Global Prime
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP broker
Market maker broker
Years of Existence / Established Year
1985
2010
Customer Base / Number of Accounts
1Million
No information
Regulation & Security
Regulations (governing bodies)
FINRA, SEC
ASIC and VFSC
Awards Won (count for the last 2 years)
Best Online Brokers, Best for Options Traders award.
No major awards listed
Security Measures
SIPC
No compensation scheme
SSL Encryption / 2FA
Yes
No
Segregated Funds
Yes
Yes
Negative Balance Protection
No
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
2200+ ETFs including CDs, Treasury bills, Notets and bonds, Primary market CDs, Zeros and strips and more
150+ Financial assets
Currency Pairs
No
Yes
Commodities
No
Yes
Indices
Yes- Through ETFs
Yes
Cryptocurrencies
Yes- Through ETFs
Yes
CFDs
No
Yes
ETFs
Yes
No
Stocks
Yes
No
Options
Yes
No
Futures
No
No
Bonds
Yes
Yes
Mutual Funds
Yes
No
Fractional Shares
Exchange Traded Notes (ETNs)
Yes
No
Precious Metals
No
No
Real Estate Investment Trusts (REITs)
Yes
No
Equities
No
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
Yes
No
cTrader
No
No
Social Trading
No
Copy Trading
No
No
Other Trading Platforms (proprietary, etc.)
Firstrade platform
No
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Brokerage account- Individual, Joint, Custodial, Retirement- Retirement (Traditional IRA, Roth IRA, SEP IRA), Corporate, Trust, International, Education Planning, Business Planning
Standard and Raw account
Demo Account (Yes/No)
No
Yes
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
$0
Leverage Available
No
1:5 to 1:500
Trade Limit (maximum per trade)
Depends on asset class
1000 lots
Commission (per account type)
$0
Standard: $0, Raw account: $3.5 per lot
Best Suited For (e.g., beginners, experienced traders)
Both beginners and experienced traders
Beginner traders
Deposit & Withdrawal Options
Deposit Methods
Wire Fund Transfer, Check deposit, Asset transfer, ACH electronic transfer
Visa, Mastercard, Crypto, Bpay, Bank wire, QR code, Astro pay, Interac,PayID, e-wallets
Withdrawal Methods
Wire Fund Transfer, Check Deposit, Asset transfer, ACH electronic transfer, Withdrawal of sales proceed
Visa, Mastercard, Crypto, Bpay, Bank wire, QR code, Astro pay, Interac,PayID, e-wallets
Other E-Wallets Supported
No
PayPal, Neteller, Skrill, GATE8, Dragon Pay, VN Pay, FasaPay, Pagsmile, Jeton, Mifinity, XPay, Perfect money
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Education Center, Investment Education Videos, Option Guide, Margin Guide, Webinars, Tax center, Blogs, Upcoming IPOs
Trading Education, Market Analysis, Webinars, Trading Guides, Video Tutorials, Podcast Market Insights, Blog Trading News and Analysis
Fees & Commissions
Trading-Related Fees
Commission for stocks, ETFs, Options, Mutual funds- $0, Fixed income- Treasury Bills, Notes & Bonds, Municipal Bonds, Agency Bonds, Secondary Market CDs, Zeros & Strips- Net yield basis, Primary Market CDs- $30, Broker-Assisted Stock & Options Trades- $19.95 (+$0.50/Contract)
Crypto: 0.1%, indices, Bonds, and Commodities (excl. Metals): $0, Commission: AUD $7, USD $7, EUR € 6.20, GBP £5.4, SGD $9.50, CAD $9, Standard: 0.9 pips, raw : $3.5
Spread (typical, fixed, variable)
Typical
Variable
Per Lot Fees
NA
$3.50
Options Contract Fees
$0
NA
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
$0
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
1:500
Non-Trading Fees
Dormant Fees
$0
$0
Subscription Fees (for premium features, data feeds)
NA
$0
Advisory Fees
0.20-0.30%
NA
Swap Fees (Overnight Financing)
NA
Yes
Statement or Document Fee
$2-$5
NA
Account Opening Fee
$0
NA
Account Maintenance Fee
$0
NA
Deposit Fee
$0
$0
Currency Conversion Fee
3%
$20-$30
Withdrawal Fee
$25-$75
International bank transfer: $20-$30
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
No
Trading Hours
Trading Hours (for each asset class if applicable)
Pre-Market: 8:00 AM to 9:30 AM ET Regular Market: 9:30 AM to 4:00 PM ET After-Hours: 4:05 PM to 8:00 PM ET
24 hours a day, 5 days a week. 5 PM New York on Sunday through to 5 PM New York on Friday
Customer Support
Support Hours (e.g., 24/7, weekdays only)
Monday - Friday,10am - 4pm ET
24/7
Customer Support Methods (phone, email, live chat)
Phone: U.S. Toll Free: 1-800-869-8800, Outside the US: 1-718-961-6600, E-mail, FAQ, Fax: 1-718-961-3919
Phone: +61 (2) 8379 3622, E-mail: [email protected], Live chat
Support Languages
3
14+
Additional Information
Headquarters Location
30-50 Whitestone Expwy. Ste. A301 Flushing, NY 11354
FMGP Trading Group Pty Ltd Level 10, 627 Chapel St, South Yarra 3141 Australia
Complaints (for crypto brokers)
No
No
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