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Firstrade vs SpeedTrader 2020

Is Firstrade better than SpeedTrader? After testing 15 of the best online brokers over five months, Firstrade (76.33%) is better than SpeedTrader (51.25%). Firstrade offers $0 stock, ETF, and options trades, and is best known for its easy-to-use website, alongside its Chinese language services. While Firstrade offers Morningstar research and a variety of tools, its overall offering struggles to stand out against household name brands who are also priced at $0.

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Overall Rating

Feature Firstrade SpeedTrader
Overall 4 2.5
Firstrade Review SpeedTrader Review

Trading Fees

Feature Firstrade SpeedTrader
Minimum Deposit $0.00 $30,000.00
Stock Trade Fee (per trade) $0.00 $4.49
ETF Trade Fee $0.00 $4.49
Options Base Fee $0.00 N/A
Options Per Contract Fee $0.00 $0.00
Mutual Fund Trade Fee $0.00 $50.00
Broker Assisted Trades Fee $19.95 $30.00
Commissions & Fees 4.5 4
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Margin Rates

Feature Firstrade SpeedTrader
Under $24,999.99 9.00% 6.00%
$25,000.00 to $49,999.99 8.75% 6.00%
$50,000.00 to $99,999.99 8.25% 6.00%
$100,000.00 to $249,999.99 7.75% 6.00%
$250,000.00 to $499,999.99 7.50% 6.00%
$500,000.00 to $999,999.99 5.60% 6.00%
Above $1,000,000.00 5.00% 6.00%
Commissions & Fees 4.5 4
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Account Fees

Feature Firstrade SpeedTrader
IRA Annual Fee $0.00 N/A
IRA Closure Fee $0.00 N/A
Returned ACH Fee $50.00 $40.00
Returned Wire Fee $50.00 $40.00
Stock Certificate Processing Fee $300.00 N/A
Stock Certificate Delivery Fee $300.00 N/A
Paper Statement Fee $5.00 $10.00
Paper Confirmation Fee $3.00 $4.00
Domestic Wire Fee $30.00 $25.00
International Wire Fee $50.00 $75.00
Commissions & Fees 4.5 4

Investment Options

Feature Firstrade SpeedTrader
Stock Trading
Yes Yes
Fractional Shares
No No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
No No
Forex Trading
No No
Commission-Free ETFs all 0
Mutual Funds (No Load)
10746 0
Mutual Funds (Total)
14939 0
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Interest Sharing
No No
Advisor Services
No No
International Trading
No No
Offering of Investments 4 2.5
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Order Types

Feature Firstrade SpeedTrader
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes No
Order Type - MultiContingent
Yes No
Order Type - OCO
Yes Yes
Order Type - OTO
Yes No
Order Type - OTOCO
No No
Offering of Investments 4 2.5
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Trading Platforms

Feature Firstrade SpeedTrader
Desktop Platform (Windows)
No Yes
Desktop Platform (Mac)
No No
Web Platform
Yes Yes
Paper Trading
No Yes
Trade Journal
No No
Watch Lists - Total Fields
47 30
Heat Mapping
Yes No
AI Assistant Bot
No No
Platforms & Tools 2.5 3
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Charting Features

Feature Firstrade SpeedTrader
Charting - Trade Off Chart
No Yes
Charting - Indicators / Studies
58 36
Charting - Drawing Tools
8 9
Charting - Historical Trades
No No
Charting - Corporate Events
Yes No
Charting - Automated Analysis
No No
Charting - Save Profiles
No Yes
Charting - Study Customizations
6 8
Charting - Custom Studies
No No
Platforms & Tools 2.5 3
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Day Trading

Feature Firstrade SpeedTrader
Stock Alerts - Basic Fields
Yes Yes
Stock Alerts - Advanced Fields
No Yes
Streaming Time & Sales
No Yes
Streaming TV
No No
Direct Market Routing - Stocks
No Yes
Direct Market Routing - Options
No Yes
Ladder Trading
No Yes
Trade Hot Keys
No Yes
Level 2 Quotes - Stocks
No Yes
Level 2 Quotes - Options
No Yes
Trade Ideas - Backtesting
No No
Short Locator
No Yes
Order Liquidity Rebates
No No
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Mobile Trading Apps

Feature Firstrade SpeedTrader
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
No No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
No No
Trading - Mutual Funds
No No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes No
Trading - Option Rolling
No No
Touch / Face ID
Yes No
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Mobile App Features

Feature Firstrade SpeedTrader
Watch List Syncing
Yes No
Stock Alerts
No No
Charting - After Hours
No Yes
Charting - Drawing
No No
Charting - Study Customizations
Yes No
Heatmapping
No No
Stream Live TV
No No
Barcode Lookup
No No
Mobile Trading 3.5 3
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Research Overview

Feature Firstrade SpeedTrader
Research - Stocks
Yes Yes
Research - ETFs
Yes No
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
Yes No
Research - Fixed Income
Yes No
Screener - Stocks
Yes No
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes No
Screener - Options
No No
Screener - Bonds
Yes No
Misc - Portfolio Builder
No No
Misc - Portfolio Allocation
Yes No
Research 4 1
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Stock Research

Feature Firstrade SpeedTrader
Stock Research - Reports
1 0
Stock Research - Earnings
Yes No
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
Yes No
Stock Research - SEC Filings
Yes No
Stock Research - Social
No No
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
Yes No
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 4 1
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ETF Research

Feature Firstrade SpeedTrader
ETFs - Strategy Overview
Yes No
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes No
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes No
Research 4 1
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Mutual Fund Research

Feature Firstrade SpeedTrader
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
No No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
Yes No
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes No
Research 4 1
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Options Trading

Feature Firstrade SpeedTrader
Option Chains - Streaming
No Yes
Option Chains - Total Columns
8 17
Option Chains - Greeks
5 0
Option Chains - Quick Analysis
No No
Option Analysis - P&L Charts
No No
Option Probability Analysis
No No
Option Probability Analysis Adv
No No
Option Positions - Greeks
No No
Option Positions - Adv Analysis
No No
Option Positions - Rolling
Yes No
Option Positions - Grouping
No No
Platforms & Tools 2.5 3
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Beginners

Feature Firstrade SpeedTrader
Education (Stocks)
Yes Yes
Education (ETFs)
No No
Education (Options)
Yes No
Education (Mutual Funds)
No No
Education (Fixed Income)
No No
Education (Retirement)
Yes No
Paper Trading
No Yes
Videos
Yes No
Webinars (Monthly Avg)
6 1
Webinars (Archived)
Yes Yes
Live Seminars
No No
Progress Tracking
No No
Interactive Learning - Quizzes
No No
Investor Magazine
No No
Education 3 1
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Banking

Feature Firstrade SpeedTrader
Retail Locations
1 0
Member FDIC
No No
Checking Accounts
Yes No
Savings Accounts
No No
Credit Cards
No No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
No No
Banking 2 0.5

Overall

Feature Firstrade SpeedTrader
Firstrade Review SpeedTrader Review
Overall 4 2.5
Winner check_circle

Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Firstrade vs SpeedTrader to determine which broker is best. Let's dive in.

First, we will break down the commission charges of both brokers for placing stock and options trades. SpeedTrader charges more than Firstrade for placing regular stock trades ($4.49 and $0, respectively). With options, the base fee is $0 for both Firstrade and SpeedTrader. Option contracts cost $0 each at both brokerages. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.

Next, investors want to make sure they can trade the investment vehicle they want. SpeedTrader supports Stock Trading and Options Trading while Firstrade supports Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Firstrade offers its clients access to 14939 different mutual funds while SpeedTrader has 0 available funds, a difference of 14,939.

Finally, by comparing the each broker's website and platform features, we can surface interesting differences. SpeedTrader has virtual trading, Firstrade doesn't. For mobile trading, SpeedTrader offers the iPhone App and Android App while Firstrade offers the iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts and Debit Cards are available to clients of Firstrade while SpeedTrader offers customers none of these.

Overall, between Firstrade and SpeedTrader, Firstrade is the winner.

Firstrade Review
SpeedTrader Review



All pricing data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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