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Firstrade Online Stock Brokers Review

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Founded in 1985 and based in New York, Firstrade is a commission-free online trading platform that allows users to trade securities. The company also provides market research and customer service. Firstrade is a FINRA and SIPC member, and has an A+ with the BBB.
 
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How is Firstrade rated?

Breakdown

Overall Rating: 0 / 5 (N/A)

Firstrade is an especially good online brokerage service for those investors who are just getting started. Along with an easy to use online and mobile experience, Firstrade also features $0 commission on all stocks/ETFs, Options, Mutual Fund, as well as no minimum balance to maintain in order to keep an account. The company may not possess some of the more advanced tools and research as some of the other major players in the industry, but its discounted price and intuitive dashboard make up for this.

Firstrade Features

Features - 0 / 5

Portfolio Management
Self-Directed
Investment Products
Stocks
ETFs
Options
Mutual Funds
Bonds
CDs
Types of Accounts
Brokerage
IRA
Savings
Mobile App
Yes
Margin Lending
Yes

Financial Advisors

Firstrade does not feature direct contact with financial advisors. However, the company does provide comprehensive research for consumers from Morningstar, Briefing.com, Benzinga, and Zacks.

Trading Tools

Firstrade offers a dynamic account dashboard that summarizes account and market activity including market movers, indices, and news. It also pairs with a QuickBar order entry panel, which allows customers to execute trades while simultaneously using the account dashboard.

Firstrade Fees and Commissions

Pricing and Fees - 0 / 5

Trade Cost/Commission
$0 commission on all trades
Minimum to Open Account
no minimum

Fees (Additional Info)

Some miscellaneous fees Firstrade has include a returned ACH or wire fee, stock certificate delivery and processing, paper statement, and domestic/international wire fee.

Firstrade Financial Strength and Customer Experience

Customer Support and Reputation - 0 / 5

Year Founded
1985
SIPC Membership
Yes
BBB Rating
A+
Live Help 24/7
No
Customer Support Hours
Chat and Email; Phone: Mon - Fri, 8:00am - 6:00pm ET
Contact Methods
Phone
Email
Chat
Social Media
Text
Date Collected
2019-02-15

Company Profile

Full Name
Firstrade Online Stock Brokers
Company Website
https://www.firstrade.com/
Headquarters
30-50 Whitestone Expwy., Flushing, NY, 11354

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