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Firstrade Online Stock Trading Review


Rating: 8 / 10 (Very good)
Disclosure: We receive advertising revenue from some partners.
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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 โœ”
Easy to borrow stocks โœ”
Futures markets โœ˜
Foreign exchange โœ˜
Stocks โœ”
Options โœ”
Mutual funds โœ”
Exchange traded funds โœ”
Retirement accounts โœ”
International stock exchange โœ˜

 

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 โœ”
Automated trading โœ˜
Analysis research reports โœ”
Virtual trading โœ˜
Level II quotes โœ”
Options tools โœ”
Quick order entry โœ”
Real-time charts โœ”
Real-tme quotes โœ”
Watchlists โœ”

 

Account Information

 

  Availability
Account balances โœ”
Account history โœ”
Order status โœ”
Partial account transfers โœ”

 

Financial Profile

 

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

 

Mobile Tools

 

  Availability
Mobile alerts โœ”
Mobile deposits โœ”
Mobile trading โœ”

 

Customer Support Services

 

  Availability
Telephone โœ”
Email โœ”
Live chat โœ”
24/7 support โœ˜
 

 

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. 

 

 

 


Top Rated
9.0 / 10
  • No minimums to open an account
  • $9.99 per trade
  • In-depth analysis
  • Free and extensive data research
  • Two trading platforms to choose from
  • 24/7 phone support

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Firstrade Online Stock Trading