Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker. Yielding a database of over 4,000 data points, let's compare Chase You Invest Trade vs Firstrade.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. Chase You Invest Trade charges $2.95 per stock trade which is $2.95 more than Firstrade which charges customers $0 per trade. With options, the base fees charged are $2.95 (Chase You Invest Trade) and $0 (Firstrade). Each option contract then costs $0.75 at Chase You Invest Trade and $0 at Firstrade. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review.
Next to commission rates, being able to trade what you want is important. Both Chase You Invest Trade and Firstrade support Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Firstrade boasts an offering of 12603 mutual funds compared to Chase You Invest Trade's 2700 available funds.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Neither Chase You Invest Trade and Firstrade offer virtual trading. Taking a look at mobile trading, Chase You Invest Trade supports the iPhone App and Android App while Firstrade supports the iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Checking Accounts and Debit Cards are offered by Firstrade while Chase You Invest Trade offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.
Overall, between Chase You Invest Trade and Firstrade, Firstrade is the winner.
Chase You Invest Trade Review