Firstrade Online Stock Trading Review

#8 in Online Stock Trading

 

Firstrade Securities Inc. was started in 1985 and is one of the country’s leading online stock trading and investment providers. Firstrade provides easy access to online trading technology through its easy to use trading platform. Options trades start at $6.95 per trade. Services include customer support for helping first time investors. The trading platform is also available on a variety of mobile devices through its trading app. 

 

Investment Products

 

Item Availability
Bonds
Easy to borrow stocks
Futures markets
Foreign exchange
Stocks
Options
Mutual funds
Exchange traded funds
Retirement accounts
International stock exchange

 

Fees and Costs

 

  Fees and Costs
Options trades $6.95
Broker assisted orders $26.95
Market trades $6.95
Futures contract fees NA
Maintenance fees Zero
Minimum account balance fees Zero
ACH withdrawals $35
Check withdrawals $30
Full account transfers $50
Partial account transfers $10
Telephone orders $16.95

 

Trading Tools

 

Item Availability
Alerts
Automated trading
Analysis research reports
Virtual trading
Level II quotes
Options tools
Quick order entry
Real-time charts
Real-tme quotes
Watchlists

 

Account Information

 

  Availability
Account balances
Account history
Order status
Partial account transfers

 

Financial Profile

 

  Availability
Banking services
Credit card
Debit card
Retirement planning
Wealth assessment tools
Account security services
Asset protection

 

Mobile Tools

 

  Availability
Mobile alerts
Mobile deposits
Mobile trading

 

Customer Support Services

 

  Availability
Telephone
Email
Live chat
24/7 support
 

 

Online Stock Trading at Firstrade

Firstrade is a good option for first time online stock traders. A clean interface and easy to use trading platform makes it a perfect tool for basic investors. However, this might not be a good choice for those who would like to engage in online trading permanently. There is also a lack of trading options for Futures, FOREX and International markets. It definitely lacks some of the advance tools and technology seen in the other top providers we reviewed. 

 

 

 

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