Firstrade

2.0

Stock Trading

Trade Smarter, Faster. $0 Commissions, $0 Options Contract Fees

Investment risk

Medium

Min investment

$0

Target return

Varied

Fees

0%

Overview

Firstrade’s mission is to empower its customers with the most advanced technology to make it simpler and seamless to execute their investment strategies. It's self-directed investing, placing the needs of their customers first through no-cost trading. Firstrade provides online and mobile trading of Stocks/ETFs, Options, Mutual Funds, Fixed Income products and more. They offer extended hours trading from 8am-8pm and stand by their trading tools with a 0.1 second trade execution guarantee.

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Why Invest

  • Trade, Stocks, ETFs, Mutual Funds, Options
  • Fully customizable trading platform
  • $0 online trades and no hidden fees

How you make money

Combining proprietary trading technology, a highly intuitive user interface, outstanding customer service and mobile applications, Firstrade offers a comprehensive solution for all of your investing needs. Whether you are a new investor or an active trader, they are committed to excellence and putting the needs of all their customers first. Firstrade offers many different ways to earn. Among their offerings, Firstrade provides online and mobile trading of Stocks/ETFs, Options, Mutual Funds, Fixed Income products and more. They offer extended hours trading from 8am-8pm and stand by their trading tools with a 0.1 second trade execution guarantee.

How Firstrade makes money

Firstrade makes money primarily from interest generated on its credit balances and margin balances, similar to how a bank makes interest on deposits and mortgage income. Firstrade also receives income through routing venues and shares execution income. Although they do share execution income with their routing venues, that revenue is used to cover their operating costs to improve your trading experience. If you want to take a deep dive into their order routing practices, you can find more information here: SEC Rule 606 disclosure

Is it Safe?

Over the years, major industry publications including Barron's, Forbes, and Smart Money have all rated Firstrade as one of the best online brokers. When it comes to safety, Firstrade Securities Inc. is a member of the Securities Investor Protection Corporation (SIPC). SIPC provides up to $500,000 of coverage, with a limit of $250,000 for cash balances. In addition, their clearing firm, Apex Clearing Corporation, has purchased an additional insurance policy through a group of London Underwriters (with Lloyd's of London Syndicates as the Lead Underwriter) to supplement SIPC protection. This additional insurance policy is limited to a combined return to any customer from a Trustee, SIPC and London Underwriters of $37.5 million, including cash of up to $900,000. These protections do not protect against a decline or loss in market value of the securities in your online trading account.

Firstrade also has a team of security experts who monitor attempts to circumvent their security systems, and are continually implementing additional security protocols in order to provide safe, secure transactions for all of our customers.

Things to know

  • You make money onDividends + Value
  • Fees0%
  • Payout frequencyQuarterly
  • Term of investmentZero
  • LiquidityEasy
  • Open toAll Investors

Company

  • Country availabilityUS only
  • Assets under management$2300000000
  • Established1985
  • Mobile ApplicationIOS, Android

Investment Return Calculator

Calculate your estimated return to reach your investment goals.

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years

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Monthly

Amount invested

$7,000

Total fees

$0

Value after fees

$9,072.44

Any references to past performance, regarding financial markets or otherwise, do not indicate or guarantee future results.

Forward-looking statements, including without limitations investment outcomes and projections, are hypothetical and educational in nature. The results of any hypothetical projections can and may differ from actual investment results had the strategies been deployed in actual securities accounts.

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