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E*TRADE vs Firstrade 2025

StockBrokers.com

Written by StockBrokers.com

September 17, 2025

In this head to head comparison of E*TRADE vs Firstrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

E*TRADE
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5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.65
Firstrade
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00

Range of investments

When comparing E*TRADE and Firstrade's investment options, both platforms provide compelling choices for investors, with E*TRADE ranked slightly higher for its range of investments. Striking a balance between user-friendly features and extensive market access, E*TRADE is rated 4.5 stars for its investment range and ranks 4th among 14 brokers according to StockBrokers.com. Firstrade, sharing the same star rating, holds the 6th position in the rankings. The choice between these two might hinge on specific needs like advisor services or fractional shares trading.

Both E*TRADE and Firstrade offer basic stock, margin, and options trading, making them a solid choice for traditional investors. They also allow access to over-the-counter stocks and mutual funds, providing added avenues for diversifying portfolios. However, only E*TRADE supports futures trading, which might attract those looking to trade in more speculative markets. Without cryptocurrency or forex trading, they primarily serve investors who prefer traditional financial markets.

While E*TRADE and Firstrade both offer traditional and Roth IRA accounts, E*TRADE sets itself apart by providing advisor services, a feature Firstrade lacks. Conversely, Firstrade offers fractional shares trading, giving beginners or budget-conscious investors the flexibility to invest in expensive stocks without needing full capital. Ultimately, whether you're a seasoned trader wanting access to futures or a newcomer dipping your toes with fractional shares, these platforms offer varied strengths tailored to different financial strategies.

Feature E*TRADE logoE*TRADE
Firstrade logoFirstrade
Stock Trading info Yes Yes
Account Feature - Margin Trading info Yes Yes
Fractional Shares (Stocks) info No Yes
OTC Stocks info Yes Yes
Mutual Funds info Yes Yes
Options Trading info Yes Yes
Futures Trading info Yes No
Crypto Trading info No No
Crypto Trading - Total Coins info 0 0
Range of Investments 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025: A Beginner-Friendly Guide to an Advanced Market

Trading platforms and tools

When it comes to choosing between E*TRADE and Firstrade for their trading platforms and tools, E*TRADE emerges as the more comprehensive option for most users. With features such as downloadable platforms for both Windows and Mac, advanced charting capabilities, and paper trading, E*TRADE caters to both novices and seasoned traders. Its ability to provide detailed technical indicators and drawing tools further adds value. Ranked 5th among 14 brokers by StockBrokers.com, E*TRADE holds a 4-star rating, making it a solid choice for those seeking robust trading platforms.

E*TRADE is well-known for offering its customers a Windows and Mac downloadable trading platform, while Firstrade limits its users to a browser-based experience. For those who value the flexibility and power of desktop platforms, this can be a significant deciding factor. Additionally, E*TRADE supports paper trading, allowing its users to practice without risking real money — a feature that Firstrade does not offer. Both platforms provide a browser-based option, but E*TRADE's versatility in platform offerings gives it an edge.

In terms of charting and analytical tools, E*TRADE offers a more enriched experience. With 121 technical indicators and 37 drawing tools, it surpasses Firstrade, which provides 102 technical indicators and just 8 drawing tools. E*TRADE also facilitates the adjustment of open orders directly on stock charts, a feature not available with Firstrade. While both brokers allow users to see automated technical analysis on their charts, E*TRADE enhances user interaction with options to add notes, display corporate events, and more. With a higher degree of customization, E*TRADE provides traders with a fuller, more nuanced trading experience.

Feature E*TRADE logoE*TRADE
Firstrade logoFirstrade
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Paper Trading info Yes No
Watch Lists - Total Fields info 43 50
Charting - Indicators / Studies info 121 102
Charting - Drawing Tools info 37 8
Platforms & Tools 4/5 Stars 3/5 Stars

Dive deeper: Best Online Brokers & Trading Platforms for 2025, Best Paper Trading Apps & Platforms for 2025

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Beginners and education

When comparing the educational offerings of E*TRADE and Firstrade for beginner investors, E*TRADE stands out with its comprehensive range of resources. E*TRADE provides educational content on stocks, ETFs, options, mutual funds, and bonds, covering a broad spectrum of investment topics that cater to various investor interests. In addition to offering educational videos and webinars, E*TRADE enables users to engage in paper trading, a valuable tool for practicing investment strategies without financial risk. Although neither platform offers educational quizzes or the ability to track learning progress, E*TRADE's expansive educational portfolio earns it a top rating of 5 stars for education, placing it 4th out of 14 brokers according to StockBrokers.com.

In contrast, Firstrade, while offering solid basic education and resources in stocks and options, falls short in other areas like ETFs, mutual funds, and bonds. Like E*TRADE, Firstrade offers educational videos and webinars but lacks tools like paper trading that could enhance an investor’s learning experience further. With an education rating of 3.5 stars, Firstrade ranks 12th among 14 brokers in educational offerings as per StockBrokers.com. While it is a competent platform for beginner education in certain aspects, Firstrade may not fully accommodate investors seeking an extensive educational journey across diverse investment vehicles.

Feature E*TRADE logoE*TRADE
Firstrade logoFirstrade
Education (Stocks) info Yes Yes
Education (ETFs) info Yes No
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Fixed Income) info Yes No
Paper Trading info Yes No
Videos info Yes Yes
Webinars info Yes Yes
Education 5/5 Stars 3.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When deciding between E*TRADE and Firstrade for stock trading apps, E*TRADE seems to have a slight edge overall. With a five-star rating and a ranking of #4 out of 14 brokers by StockBrokers.com, E*TRADE impresses with features like an Apple Watch app, after-hours charting, and streaming live TV. Firstrade, though lower ranked at #9 and rated 4.5 stars, still offers a solid app experience with key features like mobile options trading and customizable watch lists, making it a strong contender for those focused on essential trading functionalities.

Both E*TRADE and Firstrade offer iPhone and Android apps, ensuring traders have access to their portfolios on the most popular mobile platforms. However, E*TRADE extends its service to Apple Watch users, adding to its accessibility. Both apps allow for mobile options trading, streaming quotes, and advanced charting capabilities, such as viewing multiple time frames and customizing watch list columns. Yet, E*TRADE’s 107 technical studies for mobile charting surpass Firstrade’s 81, offering more tools for analysis.

While both brokers provide features like stock alerts and custom watch lists, E*TRADE goes further by facilitating mobile after-hours trading, a benefit for traders looking to respond quickly to market changes. Firstrade lacks streaming live TV, a feature that E*TRADE users can enjoy to stay informed on financial news and updates directly through their mobile app. Overall, both platforms offer comprehensive solutions for casual to advanced traders, although E*TRADE delivers additional features that could be pivotal for those seeking a more enriching trading experience.

Feature E*TRADE logoE*TRADE
Firstrade logoFirstrade
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Stock Alerts info Yes Yes
Charting - After-Hours info Yes No
Charting - Technical Studies info 107 81
Mobile Trading Apps 5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

Both E*TRADE and Firstrade offer competitive platforms with no minimum deposit requirements, making them accessible to a wide range of investors. For regular stock trades and IRA maintenance, both platforms provide a cost-effective option with zero charges. However, differences emerge in options trading and certain account transfer fees; E*TRADE charges $0.65 per options contract while Firstrade offers this service for free. On the other hand, E*TRADE's partial account transfer is free, whereas Firstrade charges $55 for the same service. These nuanced differences can influence which platform might be more beneficial based on individual trading needs.

When it comes to margin trading, E*TRADE and Firstrade have similar fee structures with some small differences. For balances below $25,000, E*TRADE charges a slightly higher rate of 12.95% compared to Firstrade's 12.75%. As the margin balance increases, this discrepancy narrows, but Firstrade still maintains a slight edge with lower rates across all tiers up to $99,999. Margin rates can greatly affect the cost of trading on borrowed money, making Firstrade a marginally more appealing option for those heavily involved in margin trading.

Despite these differences in certain fees, both platforms allow traders to invest without worrying about IRA annual or closure fees, and neither charges for options exercise or assignment fees, which could be a relief for investors focused on long-term retirement savings or those trading options. Additionally, the cost to fully transfer an account is identical at $75 on both platforms, signaling a level playing field if considering a full move elsewhere. Ultimately, the choice between E*TRADE and Firstrade will likely come down to specific preferences around options trading costs and partial account transfer fees.

Feature E*TRADE logoE*TRADE
Firstrade logoFirstrade
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.65 $0.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $0.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

When it comes to day trading capabilities, E*TRADE stands out with features that cater to active traders. E*TRADE offers streaming time and sales for stocks, allowing traders to see real-time transactions. Additionally, traders have access to streaming live TV, which can provide crucial financial news updates as they happen. The platform also supports direct market routing for stocks, giving traders more control over their trades. E*TRADE enhances the trading experience with the option of using hotkeys for fast trade entry, as well as by providing level 2 quotes for more comprehensive market data. However, it's worth noting that E*TRADE does not offer ladder trading or strategy backtesting.

In contrast, Firstrade may appeal to more casual investors rather than dedicated day traders. Firstrade lacks several advanced features that E*TRADE offers, such as streaming time and sales, live TV, and trading hotkeys. Moreover, Firstrade does not provide direct market routing or level 2 quotes, which might limit the trading options for day traders seeking more detailed market insights. Both platforms do not offer ladder trading, strategy backtesting, a short locator tool, or offer order liquidity rebates. While Firstrade could meet the needs of some investors, those looking for a more feature-rich environment for day trading might find E*TRADE to be the superior choice.

Feature E*TRADE logoE*TRADE
Firstrade logoFirstrade
Streaming Time & Sales info Yes No
Streaming TV info Yes No
Direct Market Routing - Equities info Yes No
Level 2 Quotes - Stocks info Yes info No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No

Dive deeper: Best Day Trading Platforms of 2025 for Beginners and Active Traders

Market Research

E*TRADE and Firstrade both provide comprehensive market research tools, with each having its own strengths. E*TRADE is highly rated with a five-star score for market research offerings, ranking second among 14 brokers as per StockBrokers.com. Firstrade, though slightly behind with a 4.5-star rating and ranked sixth, still presents a strong suite of research options. The comparison highlights that both brokerages excel in various areas, making them strong contenders for investors seeking detailed market analysis.

Both E*TRADE and Firstrade excel in offering research tools for stocks, ETFs, mutual funds, and bonds. Investors will appreciate that both platforms provide downloadable PDF research reports for stocks and ETFs. However, E*TRADE has an edge with its availability of multiple reports for stocks, offering eight compared to Firstrade’s one. E*TRADE also outperforms Firstrade in offering downloadable reports for mutual funds, a feature Firstrade lacks.

Both platforms allow users to assess portfolio allocation by asset class and use screeners for stocks, ETFs, mutual funds, and bonds to generate trade ideas. Social media sentiment data is also incorporated in both services to enhance stock research. While Firstrade provides ESG (Environmental, Social, and Governance) research, which E*TRADE does not, E*TRADE's broader array of research reports may make it more appealing to those seeking in-depth data across multiple investment types.

Feature E*TRADE logoE*TRADE
Firstrade logoFirstrade
Research - Stocks info Yes Yes
Screener - Stocks info Yes Yes
Research - ETFs info Yes Yes
Screener - ETFs info Yes Yes
Research - Mutual Funds info Yes Yes
Screener - Mutual Funds info Yes Yes
Research - Fixed Income info Yes Yes
Screener - Fixed Income info Yes Yes
Research 5/5 Stars 4.5/5 Stars

Banking

When comparing the banking features of online brokers E*TRADE and Firstrade, there are several key differences to consider. E*TRADE provides a wide array of financial products, including checking and savings accounts, giving users options to manage their money effectively. In contrast, Firstrade only offers checking accounts, limiting its banking capabilities. Both platforms provide debit cards, but E*TRADE goes a step further by offering credit cards, which Firstrade does not. For those interested in mortgage loans, E*TRADE has opportunities available, unlike Firstrade, which does not provide mortgage services. However, in terms of Certificates of Deposit, both E*TRADE and Firstrade offer CDs to their customers. Overall, E*TRADE presents a more comprehensive platform for those seeking a broader range of banking services compared to Firstrade.

Feature E*TRADE logoE*TRADE
Firstrade logoFirstrade
Checking Accounts info Yes Yes
Savings Accounts info Yes No
Debit Cards info Yes Yes
Credit Cards info Yes No
Mortgage Loans info Yes No
Brokerage CDs info Yes Yes

Dive deeper: Best Brokerage Checking Accounts for 2025

Winner

After opening live accounts and testing 14 of the best online brokers, our research and live account testing finds that E*TRADE is better than Firstrade. E*TRADE finished with an overall score of 95.4%, while Firstrade finished with a score of 81.8%.

E*TRADE is a top-performing broker whose highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform. Crypto, however, is not available.

FAQs

Can you trade cryptocurrency with E*TRADE or Firstrade?

Both E*TRADE and Firstrade do not offer crypto trading and provide access to zero coins for trading cryptocurrencies.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does E*TRADE or Firstrade offer IRAs?

Both E*TRADE and Firstrade offer traditional and Roth IRA accounts without any annual or closure fees, making them equally favorable options for IRA investments.

Dive deeper: Best IRA Accounts for 2025

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Compare

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Overall Rating E*TRADE Firstrade
Overall 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 3/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 4.5/5 Stars
Customer Service 4.0/5 Stars 3.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Ease of Use 5/5 Stars 4/5 Stars
Winner check_circle
Review E*TRADE Review Firstrade Review
Broker Screenshots E*TRADE Firstrade
Broker Gallery (click to expand)
Trading Fees E*TRADE Firstrade
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $6.95 info $0.00
Mutual Fund Trade Fee info $0.00 $0
Options (Per Contract) info $0.65 $0.00
Futures (Per Contract) info $1.50 (Not offered)
Broker Assisted Trade Fee info $25 $19.95
Margin Rates E*TRADE Firstrade
Margin Rate Under $25,000 info 12.95% info 12.75%
Margin Rate $25,000 to $49,999.99 info 12.7% 12.50%
Margin Rate $50,000 to $99,999.99 info 12.2% 12.00%
Margin Rate $100,000 to $249,999.99 info 11.7% 11.50%
Margin Rate $250,000 to $499,999.99 info 11.2% 11.25%
Margin Rate $500,000 to $999,999.99 info Varies info 9.35%
Margin Rate Above $1,000,000 info Varies info 8.75%
Account Fees E*TRADE Firstrade
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $0.00
Account Transfer Out (Partial) info $0.00 $55.00
Account Transfer Out (Full) info $75.00 $75.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
Investment Options E*TRADE Firstrade
Stock Trading info Yes Yes
Account Feature - Margin Trading info Yes Yes
Fractional Shares (Stocks) info No Yes
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 4
Futures Trading info Yes No
Forex Trading info No No
Crypto Trading info No No
Crypto Trading - Total Coins info 0 0
Fixed Income (Treasurys) info Yes Yes
Fixed Income (Corporate Bonds) info Yes Yes
Fixed Income (Municipal Bonds) info Yes Yes
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info Yes No
International Countries (Stocks) info 0 0
Order Types E*TRADE Firstrade
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes Yes
Order Type - OCO info Yes Yes
Order Type - OTO info Yes Yes
Order Type - Broker Assisted info Yes Yes
Beginners E*TRADE Firstrade
Education (Stocks) info Yes Yes
Education (ETFs) info Yes No
Education (Options) info Yes Yes
Education (Mutual Funds) info Yes No
Education (Fixed Income) info Yes No
Education (Retirement) info Yes Yes
Retirement Calculator info Yes Yes
Investor Dictionary info Yes Yes
Paper Trading info Yes No
Videos info Yes Yes
Webinars info Yes Yes
Progress Tracking info No No
Interactive Learning - Quizzes info No No
Stock Trading Apps E*TRADE Firstrade
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes Yes
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes Yes
Stock App Features E*TRADE Firstrade
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info Yes No
Videos on Demand info No No
Stock Alerts info Yes Yes
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes Yes
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info Yes Yes
Stock App Charting E*TRADE Firstrade
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info Yes Yes
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 107 81
Charting - Study Customizations info Yes Yes
Charting - Stock Comparisons info Yes Yes
Trading Platforms E*TRADE Firstrade
Active Trading Platform info Power E*TRADE N/A
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Web Trading Platform info Yes Yes
Paper Trading info Yes No
Trade Journal info No No
Watch Lists - Total Fields info 43 50
Stock Chart Features E*TRADE Firstrade
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 121 102
Charting - Drawing Tools info 37 8
Charting - Notes info Yes No
Charting - Historical Trades info Yes No
Charting - Corporate Events info Yes No
Charting - Custom Date Range info Yes No
Charting - Custom Time Bars info No No
Charting - Automated Analysis info Yes Yes
Charting - Save Profiles info Yes No
Trade Ideas - Technical Analysis info Yes Yes
Charting - Study Customizations info 8 6
Charting - Custom Studies info No No
Day Trading E*TRADE Firstrade
Streaming Time & Sales info Yes No
Streaming TV info Yes No
Direct Market Routing - Equities info Yes No
Ladder Trading info No No
Trade Hot Keys info Yes No
Level 2 Quotes - Stocks info Yes info No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No
Order Liquidity Rebates info No No
Research Overview E*TRADE Firstrade
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes Yes
Research - Pink Sheets / OTCBB info Yes Yes
Research - Fixed Income info Yes Yes
Screener - Stocks info Yes Yes
Screener - ETFs info Yes Yes
Screener - Mutual Funds info Yes Yes
Screener - Fixed Income info Yes Yes
Portfolio Asset Allocation info Yes Yes
Stock Research E*TRADE Firstrade
Stock Research - PDF Reports info 8 1
Stock Research - Earnings info Yes Yes
Stock Research - Insiders info Yes Yes
Stock Research - Social info Yes Yes
Stock Research - News info Yes Yes
Stock Research - ESG info No Yes
Stock Research - SEC Filings info Yes Yes
ETF Research E*TRADE Firstrade
ETFs - Investment Objective info Yes Yes
ETF Fund Facts - Inception Date info Yes Yes
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Total Assets info Yes Yes
ETF Fund Facts - Total Holdings info Yes Yes
ETFs - Top 10 Holdings info Yes Yes
ETFs - Sector Exposure info Yes Yes
ETFs - Risk Analysis info Yes Yes
ETFs - Ratings info Yes Yes
ETFs - Morningstar StyleMap info Yes Yes
ETFs - PDF Reports info Yes Yes
Mutual Fund Research E*TRADE Firstrade
Mutual Funds - Investment Objective info Yes Yes
Mutual Funds - Performance Chart info Yes Yes
Mutual Funds - Performance Analysis info Yes Yes
Mutual Funds - Prospectus info Yes Yes
Mutual Funds - 3rd Party Ratings info Yes Yes
Mutual Funds - Fees Breakdown info Yes Yes
Mutual Funds - Top 10 Holdings info Yes Yes
Mutual Funds - Asset Allocation info Yes Yes
Mutual Funds - Sector Allocation info Yes Yes
Mutual Funds - Country Allocation info Yes Yes
Mutual Funds - StyleMap info Yes Yes
Options Trading E*TRADE Firstrade
Option Chains - Total Greeks info 5 5
Option Analysis - P&L Charts info Yes Yes
Banking E*TRADE Firstrade
Bank (Member FDIC) info Yes No
Checking Accounts info Yes Yes
Savings Accounts info Yes No
Credit Cards info Yes No
Debit Cards info Yes Yes
Mortgage Loans info Yes No
Customer Service E*TRADE Firstrade
Phone Support (Prospective Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospective Customers) info No Yes
Live Chat (Current Customers) info Yes Yes
24/7 Support info Yes No
Overall E*TRADE Firstrade
Overall 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 3/5 Stars
Mobile Trading Apps 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 4.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Ease of Use 5/5 Stars 4/5 Stars
Winner check_circle
Review E*TRADE Review Firstrade Review
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