EC Markets vs Firstrade - BrokerCue
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Broker Comparison

EC Markets vs Firstrade

Compare EC Markets and Firstrade side by side: fees, regulation, platforms.

EC Markets

EC Markets

Active forex and CFD traders

EC Markets is a multi-regulated forex and CFD broker offering over 100 instruments across STD, ECN and PRO ac…

VS
Firstrade

Firstrade

Cost-conscious US stock, ETF and options traders

Firstrade is a US online broker with $0 online trades for stocks, ETFs, options and mutual funds, plus mobile…

Head-to-head comparison

EC Markets vs Firstrade
Feature EC Markets Firstrade
Minimum deposit - $0
Stock trading fee - $0 commission
Regulators FCA, ASIC, FSA, FSC, FMA, FSCA, CMA FINRA
Best for Active forex and CFD traders Cost-conscious US stock, ETF and options traders
Markets & account
Stocks
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ETFs
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Forex
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CFDs
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Crypto
-
Bonds
-
Options
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Margin
Multi Currency
-
Demo Account
-
Funds
-
Investment Plans
-

Pros & cons

EC Markets

EC Markets

Pros

  • Regulated by FCA (UK) and ASIC (Australia)
  • ECN spreads from 0.0 pips
  • Low ECN commission of $1.50 per lot per side
  • No inactivity fee
  • No deposit or withdrawal fees for most payment methods
  • Low minimum deposit of $10 on STD and ECN accounts
  • Supports MetaTrader 4 and MetaTrader 5
  • Free demo account available

Cons

  • No individual stock or ETF trading
  • No proprietary web trading platform
  • PRO account requires $5,000 minimum deposit
  • STD account spreads from 1.0 pip are wider than ECN
  • POLi deposits carry a 4% processing fee
  • Limited educational resources
  • USA, Canada and Japan residents not accepted
  • Crypto available as CFDs only - no direct ownership
Firstrade

Firstrade

Pros

  • $0 online trades for stocks, ETFs, options and mutual funds
  • $0 options contract, exercise and assignment fees
  • No deposit minimum and no inactivity fees
  • Overnight trading from 8 PM to 4 AM ET on 1,200+ securities
  • Options Wizard includes 40+ strategies and P&L simulations
  • ACATS transfer fee rebate up to $250 on qualifying transfers
  • Excess protection can raise coverage to $37.5 million per customer

Cons

  • Broker-assisted stock and ETF trades cost $19.95
  • Broker-assisted options cost $19.95+$0.50/contract
  • Mutual fund shares sold within 90 days can cost $19.95
  • Redemptions below $500 can incur a $19.95 fee
  • Primary Market CDs cost $30
  • Overnight trades must use limit orders only
  • ACH transfers require a U.S. financial institution
EC Markets

EC Markets

EC Markets is a multi-regulated forex and CFD broker offering over 100 instruments across STD, ECN and PRO account types on MetaTrader 4 and MetaTrader 5.

Visit EC Markets Read review

Your capital is at risk. Other fees apply.

Firstrade

Firstrade

Firstrade is a US online broker with $0 online trades for stocks, ETFs, options and mutual funds, plus mobile apps and overnight stock and ETF trading.

Visit Firstrade Read review

Your capital is at risk. Other fees apply.

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