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Firstrade vs Vanguard 2022

Is Firstrade better than Vanguard? After testing 15 of the best online brokers over six months, Firstrade (77.79%) is better than Vanguard (62.82%). 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.


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Overall Rating

Feature Firstrade Vanguard
Overall 4 3.5
Commissions & Fees 4.5 4.5
Offering of Investments 4.5 4.5
Platforms & Tools 2 1.5
Mobile Trading Apps 4.5 3
Research 4 2.5
Education 3 2.5
Ease of Use 4.5 4.5
Firstrade Review Vanguard Review
Winner check_circle

Trading Fees

Feature Firstrade Vanguard
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
ETF Trade Fee $0.00 $0.00
Mutual Fund Trade Fee $0.00 $20.00
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.00 $1.00
Futures (Per Contract) N/A N/A
Broker Assisted Trade Fee $19.95 $25.00

Margin Rates

Feature Firstrade Vanguard
Under $24,999.99 8.75% 8.50%
$25,000.00 to $49,999.99 8.25% 8.00%
$50,000.00 to $99,999.99 7.75% 7.50%
$100,000.00 to $249,999.99 7.25% 7.00%
$250,000.00 to $499,999.99 7.00% 6.50%
$500,000.00 to $999,999.99 5.10% 5.25%
Above $1,000,000.00 4.50% 4.75%

Account Fees

Feature Firstrade Vanguard
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $0.00
Account Transfer Out (Partial)
$55.00 $0.00
Account Transfer Out (Full)
$75.00 $0.00

Investment Options

Feature Firstrade Vanguard
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
Crypto Trading
No No
Crypto Trading - Total Coins
0 0
Mutual Funds (No Load)
13777 N/A
Mutual Funds (Total)
19027 10000
Bonds (US Treasury)
Yes Yes
Bonds (Corporate)
Yes Yes
Bonds (Municipal)
Yes Yes
Advisor Services
No Yes
International Trading
No No

Order Types

Feature Firstrade Vanguard
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - After-Hours
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes No
Order Type - OCO
Yes No
Order Type - OTO
Yes No
Order Type - Broker Assisted
Yes Yes

Beginners

Feature Firstrade Vanguard
Education (Stocks)
Yes Yes
Education (ETFs)
No No
Education (Options)
Yes No
Education (Mutual Funds)
No No
Education (Bonds)
No No
Education (Retirement)
Yes Yes
Retirement Calculator
Yes Yes
Investor Dictionary
Yes No
Paper Trading
No No
Videos
Yes No
Webinars (Monthly Avg)
26
Webinars (Archived)
Yes No
Progress Tracking
No No
Interactive Learning - Quizzes
No No

Stock Trading Apps

Feature Firstrade Vanguard
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
No No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes No
Trading - Simple Options
Yes No
Trading - Complex Options
Yes No
Order Ticket RT Quotes
Yes No
Order Ticket SRT Quotes
Yes No

Stock App Features

Feature Firstrade Vanguard
Market Movers (Top Gainers)
Yes No
Stream Live TV
No No
Videos on Demand
No No
Stock Alerts
No No
Option Chains Viewable
Yes No
Watch List (Real-time)
Yes No
Watch List (Streaming)
Yes No
Watch Lists - Create & Manage
Yes No
Watch Lists - Column Customization
Yes No
Watch List - Column Filtering
Yes Yes

Stock App Charting

Feature Firstrade Vanguard
Charting - After-Hours
No No
Charting - Can Turn Horizontally
Yes No
Charting - Multiple Time Frames
Yes No
Charting - Technical Studies
81 0
Charting - Study Customizations
Yes No
Charting - Stock Comparisons
No No

Trading Platforms

Feature Firstrade Vanguard
Desktop Trading Platform
No No
Web Trading Platform
Yes No
Paper Trading
No No
Trade Journal
No No
Watch Lists - Total Fields
47 9

Stock Chart Features

Feature Firstrade Vanguard
Charting - Adjust Trades on Chart
No No
Charting - Indicators / Studies
102 9
Charting - Drawing Tools
8
Charting - Notes
No No
Charting - Index Overlays
Yes Yes
Charting - Historical Trades
No No
Charting - Corporate Events
Yes No
Charting - Custom Date Range
No No
Charting - Custom Time Bars
No No
Charting - Automated Analysis
No No
Charting - Save Profiles
No No
Trade Ideas - Technical Analysis
No No
Charting - Study Customizations
6 1
Charting - Custom Studies
No No

Day Trading

Feature Firstrade Vanguard
Streaming Time & Sales
No No
Streaming TV
No No
Direct Market Routing - Stocks
No No
Ladder Trading
No No
Trade Hot Keys
No No
Level 2 Quotes - Stocks
No No
Trade Ideas - Backtesting
No No
Trade Ideas - Backtesting Adv
No No
Short Locator
No No
Order Liquidity Rebates
No No

Research Overview

Feature Firstrade Vanguard
Research - Stocks
Yes Yes
Research - ETFs
Yes No
Research - Mutual Funds
Yes Yes
Research - Pink Sheets / OTCBB
Yes No
Research - Bonds
Yes No
Screener - Stocks
Yes Yes
Screener - ETFs
Yes No
Screener - Mutual Funds
Yes Yes
Screener - Options
No No
Screener - Bonds
Yes No
Misc - Portfolio Allocation
Yes Yes

Stock Research

Feature Firstrade Vanguard
Stock Research - PDF Reports
1 2
Stock Research - Earnings
Yes Yes
Stock Research - Insiders
Yes No
Stock Research - SEC Filings
Yes No
Stock Research - Social
No No
Stock Research - Balance Sheet
Yes No
Stock Research - Cash Flows
Yes No
Stock Research - News
Yes Yes
Stock Research - ESG
No No

ETF Research

Feature Firstrade Vanguard
ETFs - Strategy Overview
Yes No
ETF Fund Facts - Inception Date
Yes No
ETF Fund Facts - Expense Ratio
Yes No
ETF Fund Facts - Net Assets
Yes No
ETF Fund Facts - Total Holdings
Yes No
ETFs - Top 10 Holdings
Yes No
ETFs - Performance Analysis
Yes No
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes No
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - PDF Reports
Yes No

Mutual Fund Research

Feature Firstrade Vanguard
Mutual Funds - Strategy Overview
Yes Yes
Mutual Funds - Performance Chart
Yes Yes
Mutual Funds - Performance Analysis
Yes Yes
Mutual Funds - Prospectus
Yes Yes
Mutual Funds - PDF Reports
No No
Mutual Funds - Fees Breakdown
Yes Yes
Mutual Funds - Top 10 Holdings
Yes Yes
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes Yes
Mutual Funds - Country Allocation
Yes No
Mutual Funds - StyleMap
Yes Yes
Mutual Funds - 3rd Party Ratings
Yes No

Options Trading

Feature Firstrade Vanguard
Option Chains - Basic View
Yes Yes
Option Chains - Strategy View
Yes No
Option Chains - Streaming
No No
Option Chains - Total Columns
8 9
Option Chains - Greeks
5 0
Option Positions - Greeks Streaming
No No
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

Banking

Feature Firstrade Vanguard
Bank (Member FDIC)
No No
Checking Accounts
Yes No
Savings Accounts
No No
Credit Cards
No No
Debit Cards
Yes No
Mortgage Loans
No No

Customer Service

Feature Firstrade Vanguard
Phone Support (Prospect Customers)
Yes Yes
Phone Support (Current Customers)
Yes Yes
Email Support
Yes Yes
Live Chat (Prospect Customers)
Yes No
Live Chat (Current Customers)
Yes No
24/7 Support
No No

Overall

Feature Firstrade Vanguard
Overall 4 3.5
Commissions & Fees 4.5 4.5
Offering of Investments 4.5 4.5
Platforms & Tools 2 1.5
Mobile Trading Apps 4.5 3
Research 4 2.5
Education 3 2.5
Ease of Use 4.5 4.5
Firstrade Review Vanguard Review
Winner check_circle

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 Vanguard.

Is Firstrade or Vanguard better for beginners?
Firstrade is better for beginner investors than Vanguard. Firstrade offers investors access to Videos, Education (Stocks), Education (Options) and Education (Retirement).

What about Firstrade vs Vanguard pricing?
Firstrade and Vanguard have equal fees for trading stocks (equities), $0 per trade. With options, the base fee is $0 for both Firstrade and Vanguard. Firstrade's per contract rate of $0 is less than Vanguard which charges $1. For a complete commissions summary, see our best discount brokers guide.

Does Firstrade or Vanguard offer a wider range of investment options?
Firstrade offers a more diverse selection of investment options than Vanguard. Firstrade offers investors access to Stock Trading, OTCBB / Pink Sheets, Options Trading and Mutual Funds. Looking at Mutual Funds, Firstrade boasts an offering of 19027 mutual funds compared to Vanguard's 10000 available funds.

Which trading platform is better: Firstrade or Vanguard?
To compare the trading platforms of both Firstrade and Vanguard, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Firstrade offers a better experience. With research, Firstrade offers superior market research. Finally, we found Firstrade 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 Vanguard offers none of these.

Overall winner: Firstrade

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All pricing data was obtained from a published web site as of 01/10/2022 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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