Firstrade review

Firstrade charges an account fee of $0 and applies an inactivity fee of $0. It also has no minimum deposit, listed as $0. These charges make routine brokerage accounts inexpensive to open and maintain.

The stock trade fee is $0, and Firstrade uses a commission-free model. It also lists no options fee through $0. Its broader market selection includes stocks, ETFs, options and funds.

Deposit and withdrawal charges are Free for bank transfers, $25 for wire transfers. That means bank transfers are free, while choosing a wire transfer introduces a charge. Investors who regularly use bank transfers can avoid the wire cost by using ACH.

The stated investor protection is SIPC up to USD 500,000. Firstrade Securities Inc is also named in the protection information, while the US regulators listed are SIPC and FINRA. Protection is separate from the safety of an individual investment.

Firstrade offers an IRA, a Roth IRA and a joint account. These retirement and shared ownership choices sit alongside its brokerage services. The available account types are shown in the account type listing.

Yes. The minimum deposit is $0, so an account does not require an initial balance under the listed terms. Fractional shares are also a feature, which can make smaller investments easier to manage.

Firstrade is available on Web, iOS, Android and iPad. Its feature set includes a mobile app, fractional shares, options and a demo account. This gives new users a practice option and experienced traders access across desktop and mobile.

Low fees do not remove the risk of losing money. The retail loss percentage shown for this site is 70.15%, so investors should assess how much they can afford to invest before buying stocks, ETFs, options or funds.