TradingCritique

Select Your Brokers to Compare

Firstrade vs Forex.com : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Firstrade

Firstrade

VS
Forex.com

Forex.com

Icon

Broker Overview

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

STP broker

Market maker

Years of Existence / Established Year

1985

2001

Customer Base / Number of Accounts

1Million

454k + Customers


Icon

Regulation & Security

Regulations (governing bodies)

FINRA, SEC

CIRO, FSA, MAS, CySEC, NFA, CFTC, CIMA, FCA, ASIC

Awards Won (count for the last 2 years)

Best Online Brokers, Best for Options Traders award.

Best HNW Service, Best Broker for CFDs, Best in Class Overall Best in Class Mobile Trading Apps Best in Class Offering of Investments Best New Tool Performance Analytics

Security Measures

SIPC

FSCS

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

No

No


Icon

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

5, 500+ Stocks

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

Yes

Options

Yes

No

Futures

No

No

Bonds

Yes

No

Mutual Funds

Yes

No

Fractional Shares

Yes

No

Exchange Traded Notes (ETNs)

Yes

No

Precious Metals

No

Yes

Real Estate Investment Trusts (REITs)

Yes

No

Equities

No

No


Icon

Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

Yes

MT5

Yes

Yes

cTrader

No

No

Social Trading

No

Yes

Copy Trading

No

Yes

Other Trading Platforms (proprietary, etc.)

Firstrade platform

Forex.com Proprietary platform

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


Icon

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, Raw spread, MetaTrader account

Demo Account (Yes/No)

No

Yes

Islamic Accounts (Yes/No)

No

No

Minimum Deposit

$0

$100

Leverage Available

No

50:1

Trade Limit (maximum per trade)

Depends on asset class

No information

Commission (per account type)

$0

Raw account - $7 per 100k USD traded

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

Both beginners and experienced traders

Beginners to experienced traders


Icon

Deposit & Withdrawal Options

Deposit Methods

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

Credit/ debit card, bank wire

Withdrawal Methods

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

Credit/ debit card, bank wire

Other E-Wallets Supported

No

Neteller, skrill


Icon

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

Forex Trading University, Market Analysis and Insights, Webinars, Video Tutorials, Trading Guides and eBooks, Market News and Research


Icon

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)

Commission: Fixed $7 USD per $100k USD traded

Spread (typical, fixed, variable)

Typical

Variable

Per Lot Fees

NA

NA

Options Contract Fees

$0

NA

Futures Contract Fees

NA

NA

Markup Fees on Spread

NA

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

No

50:1


Icon

Non-Trading Fees

Dormant Fees

$0

$15 inactive for 12 months

Subscription Fees (for premium features, data feeds)

NA

$5

Advisory Fees

0.20-0.30%

$30

Swap Fees (Overnight Financing)

NA

Yes

Statement or Document Fee

$2-$5

NA

Account Opening Fee

$0

$0

Account Maintenance Fee

$0

NA

Deposit Fee

$0

$0

Currency Conversion Fee

3%

0.50%

Withdrawal Fee

$25-$75

Free for bank transfers and debit cards, US: $25, International: $40, except over $10,000


Icon

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

No


Icon

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

Depends on the instrument offer


Icon

Customer Support

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

Monday - Friday,10am - 4pm ET

24/5

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

Live chat: https://www.forex.com/en/contact-forex-com, Phone New accounts: Tollfree: 1-877-367-3946, International: 1-908-731-0750 Existing customers: Tollfree: 1-877-367-3946,Email New accounts: [email protected] Existing customers & inquiries: [email protected] International: 1-908-731-0750

Support Languages

3

5


Icon

Additional Information

Headquarters Location

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

30 Independence Blvd Suite 300, 3rd Floor, Warren, New Jersey 07059, US.

Complaints (for crypto brokers)

No

No


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, Forex.com offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.
Firstrade offers a quick and paperless account setup that appeals to traders on the go, whereas Forex.com more involved onboarding process adds an extra layer of safety and regulatory checks.
Firstrade excels in real-time trade execution with minimal latency, whereas Forex.com complements its execution with strong analytical modules and educational support within the platform.
Those seeking technical depth may prefer Firstrade, while Forex.com shines with intuitive design and streamlined features.