Firstrade Review

Broker Review

 

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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 2011 Review of Online Brokers as well as the 2011 Barron’s Review of Online Brokers and 2010 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 2012-01-25 with an overall rating of 3 Stars.

Trade Platform

Firstrade Mobile iPhone App

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