TD Ameritrade vs Firstrade Comparison
Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Let's compare TD Ameritrade vs Firstrade.
Is TD Ameritrade or Firstrade better for beginners?
TD Ameritrade offers more comprehensive new investor education for beginner investors than Firstrade. TD Ameritrade offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while Firstrade offers investors access to Videos, Education (Stocks), Education (Options) and Education (Retirement). See our guide to Best Paper Trading Platforms for more.
What about TD Ameritrade vs Firstrade pricing?
TD Ameritrade and Firstrade charge the same amount for regular stock trades, $0.00. Option contracts are pricier at TD Ameritrade, costing $0.65 per contract versus $0.00 per contract at Firstrade. For a complete commissions summary, see our best brokers for free stock trading guide.
Does TD Ameritrade or Firstrade offer a wider range of investment options?
TD Ameritrade offers investors access to Stock Trading, Options Trading, OTC Stocks, Mutual Funds, Futures Trading, Forex Trading and Advisor Services, while Firstrade offers investors access to Stock Trading, Options Trading, OTC Stocks and Mutual Funds. Neither have Fractional Shares. Looking at Mutual Funds, TD Ameritrade trails Firstrade in its offering of no transaction fee (NTF) mutual funds, with Firstrade offering 3767 and TD Ameritrade offering 3610.
Which trading platform is better: TD Ameritrade or Firstrade?
To compare the trading platforms of TD Ameritrade and Firstrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TD Ameritrade offers a better experience. With research, TD Ameritrade offers superior market research. Finally, we found TD Ameritrade 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, Debit Cards and Credit Cards are offered by TD Ameritrade while Firstrade offers Checking Accounts and Debit Cards. Neither have Savings Accounts and Mortgage Loans.
Is TD Ameritrade good?
TD Ameritrade delivers $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners and reliable customer service. This outstanding all-around experience makes TD Ameritrade one of our top overall brokers in 2023, in which it placed among Best in Class in several categories including options trading and best for beginners.
Is Firstrade good?
Firstrade scored well in our 2023 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.
TD Ameritrade vs Firstrade Winner
Overall winner: TD Ameritrade
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