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Rustam R
Within 1 year

Can you outline the main advantages of First State Futures in terms of its available trading instruments and the way it structures its fees?

Broker Issues
First State Futures
Regulation
03-29
United States
WikiFX
Reply

In my own experience as a trader, the versatility a broker offers can make a noticeable difference, and First State Futures has some key strengths in this regard. What stands out to me is their breadth of tradable products—ranging from forex pairs and American single stocks to commodities like CPO, cocoa, and coffee, plus stock indices and metals. For me, having access to such a variety within a single account setup adds convenience and can be helpful for building a more diversified portfolio. Another point I pay close attention to is how brokers structure their fees, as that directly affects my bottom line. At First State Futures, transaction costs begin quite low—starting from just $0.10, depending on the account type and the products traded. This offers a degree of cost-efficiency, especially for more frequent traders. I also appreciate that they don’t charge fees for deposits or withdrawals, which helps avoid unnecessary overhead. However, it’s important for me to highlight that there is a significant inactivity fee (USD 50 if the account sits unused for 30 days), which any trader should plan for if they don’t expect to be consistently active. In summary, First State Futures’ range of markets is a primary benefit, and its competitive transaction fees set it apart, though the inactivity charge does introduce some risk for less frequent traders. Broad product choice and transparent main transaction costs have been positives for my trading practice, provided I remain active.

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