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Comparison Firstrade vs UFX
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Firstrade vs UFX. Which of them: Firstrade or UFX a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Firstrade has a commission fee of $0, and UFX has a commission fee of from 130. The full online broker reviews contains more detailed information on the brokers’ commission fees.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are Firstrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, and UFX provides customers with Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading. As for platforms, Firstrade offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while UFX offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, 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 established in 1985 in United States, and it is regulated by SEC and FINRA. And UFX was established in 2007 in Republic of Vanuatu, and it is regulated by VFSC. Withdrawal of funds from Firstrade can be done using Bank Wire with a withdrawal fee of $30 domestic US, $50 international. And UFX provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The withdrawal time for Firstrade is 2-3 business days, and that one for UFX is up to 10 business days.
Overall, Firstrade boasts 3.9 stars versus UFX 3.6 stars.