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Comparison Firstrade vs IFC Markets
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Firstrade vs IFC Markets. Which of them: Firstrade or IFC Markets a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of Firstrade on regular transactions of the stock exchange is $0, and IFC Markets has a commission fee of from 0.1%. The full online broker reviews contains more detailed information on the brokers’ commission fees.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided to customers by Firstrade and Stocks Trading, ETFs Trading, Forex Trading, Futures Trading, Crypto Trading are provided by IFC Markets. As for platforms, Firstrade offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while IFC Markets offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, MT5, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Firstrade was founded in 1985 in United States, and it is regulated by SEC and FINRA. And IFC Markets was founded in 2006 in British Virgin Islands, and it is regulated by BVI FSC. We can withdraw funds from Firstrade with the help of Bank Wire, and its withdrawal fee is $30 domestic US, $50 international. And IFC Markets provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is fees vary. The withdrawal time for Firstrade is 2-3 business days, and that one for IFC Markets is 1 - 5 business days.
Overall, Firstrade boasts 3.9 stars versus IFC Markets 4.8 stars.