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  Firstrade

Firstrade

in Brokerages from Firstrade

Unaffiliated

Firstrade

Unaffiliated

in Brokerages from Firstrade

SuperMoney Net Recommendation Score -50% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Mostly not recommended

0 users recommend
1 user is unsure
1 user doesn't recommend
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Highlights
Highlights
Community Rating Mostly not recommended
Online Trade Starting at $0
Minimum to Open Account $0
Margin Rate 5.25% - 9.5%
Broker Assisted Trading Fee Starting at $19.95

Firstrade Review

Where is Firstrade based?

Firstrade is a brokerage based in Flushing, NY. Founded in 1985, Firstrade is a good option for experienced traders who require additional research tools and more advanced reports.

This brokerage is a good choice for frequent traders who are looking for a fast platform with low costs that includes tools designed for day traders.

What assets can you invest in with Firstrade?

Firstrade Investment Options
Supported Options Unsupported Options
  • Stocks
  • Options
  • Bonds
  • Mutual Funds
  • Cryptocurrencies
  • FOREX
  • Futures
  • International Stocks
  • Pink Sheets / OTCBB
  • Real Estate
  • Marketplace Loans
  • Startups
  • What trading fees does Firstrade charge?

    The online trading fees of Firstrade are below the average ($8.90) for online brokerages. However, there are other fees to consider.
    Firstrade Fees
    Trading Fees Amount
    Broker Assisted Trading Fee $19.95
    Returned Deposit Fee (International) $50
    Outgoing International Bank Transfer Fee $50

    How much do you have to invest to open an account?

    Firstrade does not have a minimum amount to start an account.

    What is the minimum amount to open a margin account?

    A margin account allows investors to borrow cash by using the securities and cash invested in the brokerage as collateral. Firstrade offers investors this service but the minimum amount is $2,000.

    What margin rates does Firstrade offer?

    Firstrade offers a margin rate that ranges from 5.25% up to 9.50%.

    What brokerage features does Firstrade offer?

    Firstrade provides users with a variety of tools. These include:
    Firstrade Brokerage Features
    Supported Options Unsupported Options
  • Broker Assisted Trades
  • No Fee IRAs
  • No-Commission ETFs
  • Online Live Chat
  • Real Time Quotes
  • Account Transfer Fee Reimbursement
  • Stocks
  • Retail Locations
  • Advisor Services
  • Declines Payment for Order Flow (Equities)
  • Declines Payment for Order Flow (Options)
  • Dividend Reinvestment
  • Automated Trading Strategy
  • Automated Trading Strategy
  • 24/7 Support
  • What research tools does Firstrade offer investors?

    Firstrade is not only a brokerage. It's also an investment analysis platform that provides a wide selection of research tools. These include:
    Firstrade Research Tools
    Supported Options Unsupported Options
  • ETF Top 10 Holdings
  • Historical Performance Analysis
  • Mutual Funds Analysis
  • Portfolio Allocation
  • Fund Prospectus Access
  • Global Markets Analysis
  • Insider Transactions
  • Live Seminars
  • Mutual Bonds Analysis
  • Past Earnings Reports
  • SEC Filings
  • Social Sentiment Analysis
  • Stock Metric Comparisons
  • Account Transfer Fee Reimbursement
  • Webinars
  • SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Contact

    About Firstrade

    Feature Breakdown

    Annual Fee $0
    Online Trade Starting at $0
    Wire Transfer Fee - International (Incoming) $0
    Wire Transfer Fee - Domestic (Incoming) $0
    Bond Trade Fee Starting at $0
    IRA Annual Fee Starting at $0
    IRA Closure Fee $0
    ETF Trades Starting at $0
    Paper Statement Fee $5
    Returned Deposit Fee (Domestic) $50
    Wire Transfer Fee - Domestic (Outgoing) $30
    Wire Transfer Fee - International (Outgoing) $50
    Returned Deposit Fee (International) $50
    Margin Rate 5.25% - 9.5%
    Broker Assisted Trading Fee Starting at $19.95
    Minimum to Open Account $0
    Minimum Margin Account $2,000
    Research and Reports  
    Dividend Reinvestment  
    No-Commission ETFs  
    Brokerage Features
    • Account Transfer Fee Reimbursement
    • Broker Assisted Trades
    • Mobile Trading
    • No Fee IRAs
    • No-Commission ETFs
    • Online Banking
    • Online Live Chat
    • Phone Support
    • Real Time Quotes
    • Research and Report
    • Trading Platform
    Research Tools
    • ETF Top 10 Holdings
    • Fixed Income
    • Historical Performance Analysis
    • Mutual Funds
    • Pink Sheets / OTCBB
    • Portfolio Allocation
    • Retirement
    • Stocks
    Investor Type
    • Beginner Traders
    • Advanced Traders
    • Frequent Traders
    • High Balance Investors

    Firstrade Community Reviews

     
     

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