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Ratings

Overall Star Star Star
Commissions & Fees Star Star Star
Customer Service Star Star Star Star
Platform & Tools Star Star
Research Star Star Star
Ease of Use Star Star Star Star
Investment Offering Star Star Star Star
Education Star Star
Mobile Trading Star Star

Trade Commissions

Equity Trades* $6.95
Options Fee* $6.95
Options Contract* $0.75
Mutual Fund $9.95
Broker Assisted* $26.95
Minimum Deposit $0.00
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Highlights

  1. Fund your new account with $1,000 or more and receive 250 free trades (Learn More).
  2. Over 11,000 mutual funds to choose from.
  3. Currently celebrating 25 years of service.

Account Features

  • Virtual Trading
  • No Minimum Deposit
  • No Maintenance Fees
  • No-Fee IRAs
  • Online Trader Community
  • Investment Education

Mobile Trading

  • iPhone App
  • iPad App
  • BlackBerry App
  • Android App
  • Mobile Site

Customer Service

  • Phone Support
  • Email Support
  • Live Chat Support
  • Retail Locations
  • 24/7 Customer Support

Trade Types

  • Stock Trading
  • Options Trading
  • Mutual Funds
  • FOREX Trading
  • Futures Trading

Recommended For

  • Discounted Trading
  • Long Term Trading
  • Options Trading
  • Active Trading
  • International Trading

Firstrade Review

Broker Review

 

Special Offer: Receive 250 free trades and up to $250 cash - Learn More

Likes - Site and platform updated in 2010; site and client side navigation straightforward.

Dislikes - X-Stream real-time watchlist software only allows 20 stocks max; platform lacks quality research tools; extra fees for penny stocks and positions over 5,000 shares.

Bottom Line - While Firstrade lacks a feature rich platform the broker maintains a clean site and offers its clients the basics to maintain a long term portfolio.

Our Firstrade review provides trade platform screenshots, detailed commissions information, and online broker ratings. Also discover how Firstrade placed in the most recent StockBrokers.com 2012 Review of Online Brokers as well as the 2012 Barron’s Review of Online Brokers and 2011 SmartMoney Broker Review.

Commission Notes

Firstrade is another broker that offers flat fee commissions for both stocks and options. Alongside regular ETFs, the broker also offers 10 commission free ETFs. NASDAQ level II streaming quotes can be purchase for $19.95 per month.

Stock Trades - $6.95 flat fee per trade. For stocks under $1.00 and trades over 5,000 shares, the broker charges an extra .005 cent per share.

Options Trades - $6.95 + $.75 per contract. Excercise & assignments are $16.95.

Mutual Funds - All mutual funds cost $9.95 per trade. Additional fees may apply depending on the fund.

Firstrade was reviewed by StockBrokers.com on 2012-02-27 with an overall rating of 3 Stars.

Trade Platform

Firstrade Mobile iPhone App

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