Firstrade: Commission-Free Investing Across Stocks, ETFs, Options & More
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Firstrade: Commission-Free Investing Across Stocks, ETFs, Options & More
Firstrade is an online discount brokerage offering self-directed investors access to stocks, ETFs, options, mutual funds, and bonds—all with zero commissions and no hidden fees.
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Firstrade: Commission-Free Inv...
What Is Firstrade?
Firstrade Securities Inc., founded in 1985, is a self-directed brokerage platform designed for individuals who want to manage their own investments with robust tools and zero trading commissions.
From beginner investors to seasoned traders, Firstrade supports a wide range of investment products, including OTC stocks and mutual funds.
Firstrade Overview
| Offer | Best For | Trading Fees | Get Started |
|---|---|---|---|
| Investing | Trading stocks, ETFs, options, and mutual funds. | $0 | Visit Website |
How Firstrade Works
Its intuitive interface and access to premium research tools make it a solid choice for cost-conscious investors.
- Open an account on the Firstrade website or mobile app.
- Deposit funds via bank transfer, wire, or check.
- Explore investment options—stocks, ETFs, mutual funds, options, and bonds.
- Place trades using the user-friendly desktop or mobile trading platforms.
Key Features & Benefits
| Feature | Benefit |
|---|---|
| Commission-Free Trading | Trade stocks, ETFs, options, and mutual funds with no fees or contract charges. |
| Extended Hours Trading | React to market events with pre-market and after-hours trading (8 a.m. – 8 p.m. ET). |
| Premium Research Access | Free research from Morningstar, Zacks, Briefing.com, Benzinga, and more. |
| Wide Product Selection | Choose from 11,000+ mutual funds, 2,200+ ETFs, bonds, and OTC stocks. |
| Robust Platforms | Trade via an advanced desktop dashboard or mobile app with real-time data and charts. |
Who Is It For?
- DIY investors looking for commission-free trades and low account fees
- Traders who want access to a wide variety of asset classes including mutual funds and bonds
- Users who value free access to premium investment research
- Cost-conscious investors who want a reliable, easy-to-use platform
Pricing & Fees
- Stocks & ETFs: $0 commission per trade
- Options: $0 commission and $0 per contract
- Mutual Funds: $0 for all mutual fund trades
- Account Fees: No minimum deposit and no inactivity fees
Trust & Security
- Member FINRA/SIPC with up to $500,000 in insurance (including $250,000 for cash)
- 4.7-star rating on the App Store (6,800+ reviews)
- 4.6-star rating on Google Play (10,000+ reviews)
- BBB rating: D+ due to limited complaint resolution
- Mixed Trustpilot reviews, mostly focused on customer service issues
FAQs about Firstrade
Is Firstrade a legit trading platform?
Yes, Firstrade has been in operation since 1985 and is regulated by FINRA and SIPC, offering investors insurance coverage and trading protections.
Does Firstrade support crypto trading?
No, Firstrade does not currently offer cryptocurrency trading.
Is Firstrade good for beginners?
Yes, Firstrade’s intuitive platform and free educational tools make it a strong option for new investors.
| Account Types | Individual |
|---|---|
| Fees & Pricing | Commission-Free |
| Investment Options | ETFs, Mutual Funds, Options, Stocks |
| Minimum Deposit | $0 Minimum |
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