Firstrade Securities, Inc. Brokerage Company Review
Firstrade is an excellent financial services provider with a significant feature of no commissions on online trades. Traders can educate themselves with the help of the various courses offered by Firstrade and trade in stocks, ETFs, options, and fixed income.
Firstrade offers a full suite of products to choose from. Traders can trade in a wide array of stocks listed on most of the US exchanges including NYSE, NASDAQ, AMEX, and the OTC markets. Trades can also be done in ETFs and options. There are different ways to execute trades. Traders can either trade online with the help of Firstrade’s trading platforms or can trade on-the-go through their mobile devices.
Firstrade provides an impressive advantage of trading without paying any commissions. There are absolutely no fees for trading stocks, options, and ETFs for self-trading traders. For broker-assisted trading, Firstrade charges $19.95 for shares and ETFs and an additional $0.50 per contract for options. Firstrade believes in low costs and high standards.
The education center of Firstrade consists of ample material and videos for budding traders to learn to trade. It carries extensive knowledge and information on the basics of stocks, benefits and risks of investing in stocks, placing stock orders, trailing stop orders, basics of options, margins, and the types and benefits of investing in ETFs. There are numerous educational videos on placing options trades, margin accounts, covered calls, and many other informative topics.
The education provided by Firstrade is supplemented by its research and tools consisting of advanced screeners, real-time news and alerts, video commentary, stock reports, and real-time streaming watchlist. Thus, Firstrade gives traders the advantage of true value investing, a full suite of products, trade on-the-go, and trade ideas to gain smooth trading experience.
Years in business
Number of clients
Stocks, Options, ETFs
Free online trades