Firstrade vs Spreadex : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Firstrade

Spreadex

Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

STP broker

STP

Years of Existence / Established Year

1985

1999

Customer Base / Number of Accounts

1Million

60,000+ traders

Regulation & Security

Regulations (governing bodies)

FINRA, SEC

FCA

Awards Won (count for the last 2 years)

Best Online Brokers, Best for Options Traders award.

Best Spread Betting Broker - by Good Money Guide Awards 2024 Best Mobile Trading App 2024 - ADVFN International Financial Awards

Security Measures

SIPC

FSCS

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

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

10,000 trading assets

Currency Pairs

Yes

Commodities

Yes

Indices

Yes- Through ETFs

Yes

Cryptocurrencies

Yes- Through ETFs

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Bonds

Yes

Mutual Funds

Yes

Fractional Shares

Yes

Exchange Traded Notes (ETNs)

Yes

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Yes

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

MT5

Yes

cTrader

Social Trading

Copy Trading

Other Trading Platforms (proprietary, etc.)

Firstrade platform

Spreadex TradingView

Platform Compatibility (Windows, Mac, iOS, Android)

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

Spread betting Financial trading

Demo Account (Yes/No)

Islamic Accounts (Yes/No)

Minimum Deposit

€0

Leverage Available

30:1

Trade Limit (maximum per trade)

Depends on asset class

Varies by instrument

Commission (per account type)

€2.50 per lot

Best Suited For (e.g., beginners, experienced traders)

Both beginners and experienced traders

Only experienced

Deposit & Withdrawal Options

Deposit Methods

Wire Fund Transfer, Check deposit, Asset transfer, ACH electronic transfer

Easy Bank transfer UK Debit cards Credit card E-wallets

Withdrawal Methods

Wire Fund Transfer, Check Deposit, Asset transfer, ACH electronic transfer, Withdrawal of sales proceed

Bank Transfer Credit / Debit Cards

Other E-Wallets Supported

Apple Pay

Tools & Educational Resources

Economic Calendar

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Education Center, Investment Education Videos, Option Guide, Margin Guide, Webinars, Tax center, Blogs, Upcoming IPOs

Customisable platform 35+ technical indicators Price alerts

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)

Spread starts from 0.6 pips

Spread (typical, fixed, variable)

Typical

Variable

Per Lot Fees

Options Contract Fees

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

30:1

Non-Trading Fees

Dormant Fees

1 per month

Subscription Fees (for premium features, data feeds)

€0

Advisory Fees

0.20-0.30%

€0

Swap Fees (Overnight Financing)

Yes

Statement or Document Fee

$2-$5

€0

Account Opening Fee

€0

Account Maintenance Fee

€0

Deposit Fee

€0

Currency Conversion Fee

Info not available

Withdrawal Fee

$25-$75

€0

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

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

Monday: 24 hours Tuesday: 24 hours Wednesday: 24 hours Thursday: 24 hours Friday: 00:00 to 21.15 Saturday: Closed Sunday: 21:00 to 00:00Out of Hours trading: US stock market between 2:30pm to 9pm

Customer Support

Support Hours (e.g., 24/7, weekdays only)

Monday - Friday,10am - 4pm ET

7 days a week 8:00am to 5:30pm

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

Financial Desk: 08000 526 570 +44 (0) 727 895 151General Enquiries: +44 (0) 727 895 000E mail: [email protected]

Support Languages

Additional Information

Headquarters Location

30-50 Whitestone Expwy. Ste. A301 Flushing, NY 11354

Churchill House, Upper, Marlborough Road, St Albans, Hertfordshire, AL1 3UU

Complaints (for crypto brokers)

At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.

Firstrade stands out for its zero-commission trading model, appealing to cost-conscious investors. In contrast, Spreadex offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.

Creating an account with Firstrade is generally faster and more user-friendly, often taking just a few minutes, while Spreadex requires more detailed steps and identity verification, which may suit more cautious investors.

If you're trading on-the-go, Firstrade mobile platform is fluid and intuitive. Spreadex desktop and web apps are more robust, making them suitable for in-depth trading sessions.

Firstrade stands out for active traders with robust tools, while Spreadex suits investors seeking simplicity and ease of use.

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