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Firstrade vs eToro 2022

StockBrokers.com

Written by StockBrokers.com

November 02, 2022

Is Firstrade better than eToro? After testing 15 of the best online brokers over six months, E*TRADE (92.52%) is better than Firstrade (77.79%). Founded in 1982 as one of the first online brokerages in the United States, E*TRADE highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform, which is great for beginners, active trading and options trading.

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Overall RatingFirstradeeToroE*TRADE
Overall4 Stars3 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars4.5 Stars
Investment Options4.5 Stars2 Stars5 Stars
Platforms & Tools2 Stars2.5 Stars4.5 Stars
Mobile Trading Apps4.5 Stars2.5 Stars5 Stars
Research4 Stars2.5 Stars4.5 Stars
Customer Service3.5 StarsN/A4.5 Stars
Education3 Stars3.5 Stars4.5 Stars
Ease Of Use4.5 Stars4 Stars5 Stars
Winnercheck_circle
ReviewFirstrade RevieweToro ReviewE*TRADE Review
Trading FeesFirstradeeToroE*TRADE
Minimum Deposit$0.00$10.00$0.00
Stock Trades$0.00$0.00$0.00
Penny Stock Fees (OTCCB)$0.00N/A$6.95
Mutual Fund Trade Fee$0N/A$19.99
Options (Base Fee)$0.00N/A$0.00
Options (Per Contract)$0.00N/A$0.65
Futures (Per Contract)N/AN/A$1.50
Broker Assisted Trade Fee$19.95$0$25
Margin RatesFirstradeeToroE*TRADE
Margin Rate Under $24,999.9911.50%N/A11.95%
Margin Rate $25,000.00 to $49,999.9911.30%N/A11.45%
Margin Rate $50,000.00 to $99,999.9910.80%N/A10.95%
Margin Rate $100,000.00 to $249,999.9910.30%N/A10.45%
Margin Rate $250,000.00 to $499,999.9910.00%N/A9.95%
Margin Rate $500,000.00 to $999,999.998.10%N/A9.45%
Margin Rate Above $1,000,000.007.50%N/A8.45%
Account FeesFirstradeeToroE*TRADE
IRA Annual Fee$0.00N/A$0.00
IRA Closure Fee$0.00N/A$0.00
Account Transfer Out (Partial)$55.00N/A$25.00
Account Transfer Out (Full)$75.00N/A$75.00
Options Exercise Fee$0.00N/A$0.00
Options Assignment Fee$0.00N/A$0.00
Investment OptionsFirstradeeToroE*TRADE
Stock TradingYesYesYes
Margin TradingYesNoYes
Fractional SharesNoYesNo
OTCBB / Pink SheetsYesNoYes
Options TradingYesNoYes
Complex Options Max Legs404
Futures TradingNoNoYes
Forex TradingNoNoNo
Crypto TradingYesYesNo
Crypto Trading - Total Coins38260
Mutual Funds (No Load)1377706486
Mutual Funds (Total)1902707242
Bonds (US Treasury)YesNoYes
Bonds (Corporate)YesNoYes
Bonds (Municipal)YesNoYes
Advisor ServicesNoNoYes
International Countries (Stocks)000
Order TypesFirstradeeToroE*TRADE
Order Type - MarketYesYesYes
Order Type - LimitYesNoYes
Order Type - After HoursYesNoYes
Order Type - StopYesYesYes
Order Type - Trailing StopYesYesYes
Order Type - OCOYesNoYes
Order Type - OTOYesNoYes
Order Type - Broker AssistedYesNoYes
BeginnersFirstradeeToroE*TRADE
Education (Stocks)YesYesYes
Education (ETFs)NoNoYes
Education (Options)YesNoYes
Education (Mutual Funds)NoNoYes
Education (Bonds)NoNoYes
Education (Retirement)YesNoYes
Retirement CalculatorYesNoYes
Investor DictionaryYesNoYes
Paper TradingNoYesYes
VideosYesYesYes
WebinarsYesNoYes
Webinars (Archived)YesNoYes
Progress TrackingNoNoNo
Interactive Learning - QuizzesNoNoYes
Stock Trading AppsFirstradeeToroE*TRADE
iPhone AppYesYesYes
Android AppYesYesYes
Apple Watch AppNoNoYes
Trading - StocksYesYesYes
Trading - After-HoursYesNoYes
Trading - Simple OptionsYesNoYes
Trading - Complex OptionsYesNoYes
Order Ticket RT QuotesYesYesYes
Order Ticket SRT QuotesYesYesYes
Stock App FeaturesFirstradeeToroE*TRADE
Market Movers (Top Gainers)YesYesYes
Stream Live TVNoNoYes
Videos on DemandNoNoNo
Stock AlertsYesYesYes
Option Chains ViewableYesNoYes
Watch List (Real-time)YesYesYes
Watch List (Streaming)YesYesYes
Watch Lists - Create & ManageYesYesYes
Watch Lists - Column CustomizationYesNoYes
Watch Lists - Total Fields50795
Stock App ChartingFirstradeeToroE*TRADE
Charting - After-HoursNoNoYes
Charting - Can Turn HorizontallyYesNoYes
Charting - Multiple Time FramesYesYesYes
Charting - Technical Studies81510
Charting - Study CustomizationsYesYesYes
Charting - Stock ComparisonsNoNoYes
Trading PlatformsFirstradeeToroE*TRADE
Active Trading PlatformFirstrade NavigatorN/APower E*TRADE
Desktop Trading PlatformNoNoNo
Desktop Platform (Mac)NoNoNo
Web Trading PlatformYesYesYes
Paper TradingNoYesYes
Trade JournalNoNoNo
Watch Lists - Total Fields50795
Stock Chart FeaturesFirstradeeToroE*TRADE
Charting - Adjust Trades on ChartNoNoYes
Charting - Indicators / Studies10246119
Charting - Drawing Tools81331
Charting - NotesNoYesYes
Charting - Index OverlaysYesYesYes
Charting - Historical TradesNoNoYes
Charting - Corporate EventsYesNoYes
Charting - Custom Date RangeNoNoYes
Charting - Custom Time BarsNoNoNo
Charting - Automated AnalysisNoNoYes
Charting - Save ProfilesNoYesYes
Trade Ideas - Technical AnalysisNoYesYes
Charting - Study Customizations656
Charting - Custom StudiesNoNoNo
Day TradingFirstradeeToroE*TRADE
Streaming Time & SalesNoYesYes
Streaming TVNoNoYes
Direct Market Routing - StocksNoNoYes
Ladder TradingNoNoNo
Trade Hot KeysNoNoYes
Level 2 Quotes - StocksNoNoYes
Trade Ideas - BacktestingNoNoNo
Trade Ideas - Backtesting AdvNoNoNo
Short LocatorNoNoNo
Order Liquidity RebatesNoNoNo
Research OverviewFirstradeeToroE*TRADE
Research - StocksYesYesYes
Research - ETFsYesYesYes
Research - Mutual FundsYesNoYes
Research - Pink Sheets / OTCBBYesNoYes
Research - BondsYesNoYes
Screener - StocksYesNoYes
Screener - ETFsYesNoYes
Screener - Mutual FundsYesNoYes
Screener - BondsYesNoYes
Misc - Portfolio AllocationYesNoYes
Stock ResearchFirstradeeToroE*TRADE
Stock Research - PDF Reports106
Stock Research - EarningsYesYesYes
Stock Research - InsidersYesYesYes
Stock Research - SocialNoYesYes
Stock Research - NewsYesYesYes
Stock Research - ESGNoYesNo
Stock Research - SEC FilingsYesYesYes
ETF ResearchFirstradeeToroE*TRADE
ETFs - Strategy OverviewYesYesYes
ETF Fund Facts - Inception DateYesNoYes
ETF Fund Facts - Expense RatioYesNoYes
ETF Fund Facts - Net AssetsYesNoYes
ETF Fund Facts - Total HoldingsYesNoYes
ETFs - Top 10 HoldingsYesNoYes
ETFs - Sector ExposureYesNoYes
ETFs - Risk AnalysisYesNoYes
ETFs - RatingsYesYesYes
ETFs - Morningstar StyleMapYesNoYes
ETFs - PDF ReportsYesNoYes
Mutual Fund ResearchFirstradeeToroE*TRADE
Mutual Funds - Strategy OverviewYesNoYes
Mutual Funds - Performance ChartYesNoNo
Mutual Funds - Performance AnalysisYesNoYes
Mutual Funds - ProspectusYesNoYes
Mutual Funds - 3rd Party RatingsYesNoYes
Mutual Funds - Fees BreakdownYesNoYes
Mutual Funds - Top 10 HoldingsYesNoYes
Mutual Funds - Asset AllocationYesNoYes
Mutual Funds - Sector AllocationYesNoYes
Mutual Funds - Country AllocationYesNoYes
Mutual Funds - StyleMapYesNoYes
Options TradingFirstradeeToroE*TRADE
Option Chains - Basic ViewYesNoYes
Option Chains - Strategy ViewYesNoYes
Option Chains - StreamingNoNoYes
Option Chains - Total Columns8031
Option Chains - Greeks505
Option Chains - Quick AnalysisNoNoYes
Option Analysis - P&L ChartsYesNoYes
Option Probability AnalysisNoNoYes
Option Probability Analysis AdvYesNoYes
Option Positions - GreeksNoNoYes
Option Positions - Greeks StreamingNoNoYes
Option Positions - Adv AnalysisNoNoYes
Option Positions - RollingYesNoYes
Option Positions - GroupingNoNoYes
BankingFirstradeeToroE*TRADE
Bank (Member FDIC)NoNoYes
Checking AccountsYesNoYes
Savings AccountsNoNoYes
Credit CardsNoNoYes
Debit CardsYesNoYes
Mortgage LoansNoNoYes
Customer ServiceFirstradeeToroE*TRADE
Phone Support (Prospect Customers)YesNoYes
Phone Support (Current Customers)YesNoYes
Email SupportYesYesYes
Live Chat (Prospect Customers)YesYesNo
Live Chat (Current Customers)YesYesYes
24/7 SupportNoNoYes
OverallFirstradeeToroE*TRADE
Overall4 Stars3 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars4.5 Stars
Investment Options4.5 Stars2 Stars5 Stars
Platforms & Tools2 Stars2.5 Stars4.5 Stars
Mobile Trading Apps4.5 Stars2.5 Stars5 Stars
Research4 Stars2.5 Stars4.5 Stars
Education3 Stars3.5 Stars4.5 Stars
Ease Of Use4.5 Stars4 Stars5 Stars
Winnercheck_circle
ReviewFirstrade RevieweToro ReviewE*TRADE Review
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Firstrade vs eToro Comparison

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Firstrade vs eToro.

Is Firstrade or eToro better for beginners?

E*TRADE offers more comprehensive new investor education for beginner investors than Firstrade. Firstrade offers investors access to Videos, Education (Stocks), Education (Options) and Education (Retirement), while eToro offers investors access to Paper Trading, Videos and Education (Stocks), neither have Education (ETFs), Education (Mutual Funds) and Education (Bonds).

What about Firstrade vs eToro pricing?

Firstrade and eToro charge the same amount for regular stock trades, $0.00. Firstrade and eToro both charge $0.00 per option contract. For a complete commissions summary, see our best brokers for free stock trading guide.

Does Firstrade or eToro offer a wider range of investment options?

Firstrade offers investors access to Stock Trading, Options Trading, OTCBB / Pink Sheets and Mutual Funds, while eToro offers investors access to Stock Trading and Fractional Shares, neither have Futures Trading, Forex Trading and Advisor Services. Looking at Mutual Funds, eToro trails Firstrade in its offering of no transaction fee (NTF) mutual funds, with Firstrade offering 3767 and eToro offering 0.

Which trading platform is better: Firstrade or eToro?

To compare the trading platforms of Firstrade and eToro, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, E*TRADE offers a better experience. With research, E*TRADE offers superior market research. Finally, we found E*TRADE to provide better mobile trading apps.

Does either broker offer banking?

Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Checking Accounts and Debit Cards are offered by Firstrade while eToro offers none, neither have Savings Accounts, Credit Cards and Mortgage Loans.

Is Firstrade good?

Firstrade scored well in our 2022 Annual Review for ease of use, and is a great choice for Chinese-speaking investors. However, it lags behind the competition in certain areas, especially platforms, tools and education.

Is eToro good?

eToro bills itself as a social trading platform, and that is exactly what you get. It’s a combination of Twitter and trading that will appeal to those who are most interested in learning how to trade cryptocurrencies or joining a community with crypto as the focus. The scope currently is limited in the U.S., so those looking for more advanced trading or trading a variety of underlyings will want to look elsewhere.

Firstrade vs eToro Winner

Overall winner: E*TRADE

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