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Firstrade offers $0 stock, ETF, and options trades, and is best known for its easy-to-use website, alongside its Chinese language services. While Firstrade offers Morningstar research and a variety of tools, its overall offering struggles to stand out against household name brands who are also priced at $0.
Top Takeaways for 2020
After spending five months testing 15 of the best online brokers for our 10th Annual Review, here are our top findings on Firstrade:
- For Chinese-speaking investors, Firstrade is terrific. Firstrade’s support for Chinese-speaking customers goes beyond 24/7 customer service. The broker also offers a fully translated customer experience, and foreign customers can easily renew their Form W-8BEN certificates entirely online through the website.
- While Firstrade’s is outdated by current web standards, it’s mobile app offers a clean experience thanks to a 2020 redesign, and the website remains easy to use.
- In our testing, we found that Firstrade trails other $0 industry leaders in multiple areas including, customer service, active trading, research, and mobile trading.
|Commissions & Fees||4.5 Stars|
|Offering of Investments||4 Stars|
|Platforms & Tools||2.5 Stars|
|Mobile Trading||3.5 Stars|
|Customer Service||3.5 Stars|
|Ease of Use||5 Stars|
Commissions & Fees
When it comes to trades, Firstrade keep things simple, offering investors free stock, ETF, mutual fund, and options trades. Like other $0 brokers, to make money, Firstrade’s order routing relies on payment for order flow (PFOF).
Firstrade pricing summary:
|Stock Trade Fee (per trade)||$0.00|
|ETF Trade Fee||$0.00|
|Options Base Fee||$0.00|
|Options Per Contract Fee||$0.00|
|Mutual Fund Trade Fee||$0.00|
|Broker Assisted Trades Fee||$19.95|
Platforms & Tools
Firstrade’s website delivers a simple, easy-to-use trading experience for its customers. For example, the OptionsPlay tool is excellent for options trade ideation and is provided to all customers, regardless of their account balance. However, focusing on tools and functionality alone, Firstrade scores poorly compared to other $0 brokers such as TD Ameritrade, E*TRADE, and TradeStation.
Firstrade Navigator: Firstrade’s web-based trading platform, Firstrade Navigator, is available only to Firstrade Premier customers, which means having an account balance of at least $10,000. Even without Premier status, however, customers can still access the platform’s streaming real-time quotes watch list through the website. While the streaming watch list is easy to use, unfortunately, there are no optional fields to customize the experience.
Thanks to its use of Morningstar as its primary provider, Firstrade offers everyday investors a well-balanced research experience. Firstrade provides one third-party research report for stocks, one for ETFs, and none for mutual funds.
While Firstrade’s research experience will satisfy most casual investors, compared to its large full-service competitors, including Charles Schwab and Fidelity, weaknesses are widespread.
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To score Customer Service, StockBrokers.com partners with customer experience research group Confero to conduct phone tests from locations throughout the United States. For our 2020 Broker Review, 280 customer service tests were conducted over ten weeks.
- Average Connection Time: 2 – 3 minutes
- Average Net Promoter Score: 7.2 / 10
- Average Professionalism Score: 6.2 / 10
- Overall Score: 6.80 / 10
- Ranking: 14 th (14 brokers)
Firstrade’s mobile app is easy to use, includes watch lists that sync with the website, and real-time streaming quotes are provided throughout the app. Options chains and charting also provide a clean experience, where an impressive 81 technical studies are available for stock charts.
Drawbacks include a lack of alerts functionality, and stock charts do not include after-hours activity. Also with charting, the default view includes a background symbol watermark that obstructs the chart itself. I removed it, but it took me a minute to figure out how. I recommend Firstrade disables this default feature.
Overall, for everyday investors, Firstrade provides a reliable experience that will satisfy the majority.
Offering of Investments
Firstrade provides a diverse offering that meets the industry standard. Stocks, ETFs, options (including complex options strategies), mutual funds, and bonds are all offered.
While Firstrade offers a well-organized website, user-friendly tools, and quality research, the broker lacks the depth to compete with larger full-service brokers.
That said, investors looking for a low-cost, well balanced, all-round easy-to-use broker will find Firstrade a great fit. And, for Chinese-speaking investors, Firstrade is a winner.
Founded in 1985, Firstrade is a deep-discount online broker that offers $0 stock and options trades. Firstrade’s focus on supporting Chinese speaking Americans is a standout attribute.
2020 Review Methodology
For the StockBrokers.com tenth annual best online brokers review published in January 2020, a total of 3,540 data points were collected over six months and used to score brokers. This makes StockBrokers.com home to the largest independent database on the web covering the online broker industry.
Participation is required to be included. Each broker completed an in-depth data profile and provided executive time (live in person or over the web) for an annual update meeting. Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors quality data they can trust. Learn more about how we test.
About the author: Blain Reinkensmeyer As Head of Research at StockBrokers.com, Blain Reinkensmeyer has 18 years of trading experience with over 1,000 trades placed during that time. Referenced as a leading expert on the US online brokerage industry, Blain has been quoted in the Wall Street Journal, The New York Times, Forbes, and the Chicago Tribune, among others.
Find out how Firstrade stacks up against other brokers.
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All pricing data was obtained from a published web site as of 01/20/2020 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.
Advertiser Disclosure: StockBrokers.com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. How do we make money? Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, e.g. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Here is a list of our partners.
Disclaimer: It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While StockBrokers.com has all data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by StockBrokers.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information.
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Low costs and above average trading platforms
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- AccountMinimum: $500
- Fees: $0 commissions for most stock, option, and ETF trades
- Best for: Low-cost trades
Firstrade Securities was founded in 1985 in the Flushing neighborhood of Queens, New York. It served the needs of the local community, especially ethnic Chinese immigrants. While one of the low-cost leaders, Firstrade has also remained true to its roots, providing trading tools and support in traditional and simplified Chinese as well as in English.
Recently, Firstrade has switched to $0 commissions for stock and options trades, but that comes with some sacrifices in limited tools, research, and product scope. However, unlike many of the other $0 commission brokers, Firstrade is still an adequate choice for active stock and options traders looking for streamlined order entry, featuring advanced option spread trading and rock bottom costs.
Besides low costs, Firstrade also stands out with a unique securities lending program for investors interested in earning extra income by lending their stocks to other financial institutions. The securities lending program places no restrictions on the account holder who can sell their stock at any point. This could be a significant benefit for independent investors with large accounts.
$0 cost stock and options trades with many no-transaction-fee ETFs and mutual funds
Streamlined trading experience that is consistent in web and mobile platforms
Support for traditional and simplified Chinese as well as English accounts
Limited functionality in web and mobile platforms beyond order entry and rudimentary charting
No forex, crypto, futures, or futures options trading
Customer support is not available 24/7
When compared to other online brokers, Firstrade’s platforms are basic but functional. Order entry is intuitive and familiar, even for complex option spread orders. Spread legs are manually entered, and an integrated chain sheet makes the process easy. Margin is calculated as trades are constructed, but streaming quotes are not always available in the order entry form. That requires a refresh to check the price. Very active traders may find the manual order entry process tedious and repetitive.
Opening or closing trades with complex order types like OCO or OCA are unavailable in the mobile and web-based platform but could be used in the advanced «Navigator» application. It is simple to create an order from most of the screening tools for stocks, ETFs, or mutual funds, however, the order entry interface is inconsistent from one product type to the next. There is no functionality to trade from the charts or create basket and staging orders.
Firstrade recently built its own all-in-one trading platform, Firstrade Navigator, for more active traders based on a single-page layout with modules. However, Navigator is only available for desktop users after «applying» for it via email. The process to access the platform was convoluted, but users on an iPad can access it through the App Store without the application process. Streaming quotes and real-time data are available in the web-based Navigator and mobile platforms. For smaller traders, Firstrade is likely to be a good choice if the primary concern is to keep commission costs as low as possible.
More advanced or larger traders may want to consider a few additional factors before choosing Firstrade as a broker. Firstrade does not offer spray-routing and provides no data on price improvement for orders. Firstrade routes orders primarily to two clearing firms, Apex and Credit Suisse, and accepts payments for that order flow. While this is a common practice among low/no commission brokers, it is a controversial practice that puts the broker in the awkward position of trying to get the best price for their clients while also optimizing income for order flow.
The account setup process is extremely easy and convenient. Although all the account forms should be read and understood by a trader, most of the form blanks were prefilled in advance. For the average trader, account and margin approval is quick and convenient. For traders in the U.S. or approved foreign markets, account support is available in traditional or simplified Chinese.
Navigating the web-based trading and account management pages is very simple and orders can be entered from virtually any location on the site, mobile app, or Navigator platform. Menus are intuitive and persistent regardless of where you are in the platform or site. The Navigator platform allows for some customizability, allowing you to add or remove modules or drag them to other locations on the screen. The charts in the Navigator and mobile platforms are from MultiCharts (TradingView) so the functionality is very good. However, there is very little integration in the charts with order entry and account management.
Mobile and Emerging Tech
Like the web-based and Navigator platforms, Firstrade’s mobile app is intuitive and easy to use. Order entry includes a full range of stop, limit, and market orders but advanced order types like OCO or OCA are only available on the Navigator app for iPad users. The mobile app includes charts from MultiCharts (TradingView) which were fast and robust but did not include trades from the chart functionality.
The mobile application’s watchlist and order entry features are integrated with the web-based and Navigator platform; this creates a seamless experience. Streaming news and analysis from Morningstar, Briefing.com, and Benzinga are not available within the mobile app and there are no other research or screening tools.
Range of Offerings
Firstrade offers trading access to stocks, options, funds, and fixed income which is likely what most small retail traders need. The spectrum of no-transaction-fee mutual funds and ETFs is wide enough to cover most asset classes. Unlike most low-cost brokers, the fixed income order pages and screening tools are easy to use and could be accessed quickly through the web-based platform.
More advanced traders may find some key offerings unavailable at Firstrade. There is no trading offered for Forex or cryptocurrencies, and futures and futures options are also not available. Although Firstrade has announced plans for a robo-advisory service, at the time of this review there was not one available. Spread order entry for advanced and active options traders is easy to use and allows for up to four legs per spread.
News and Research
Firstrade has a surprising number of screening and research tools scattered throughout its trading platforms. While the stock and fund screener is easy to use, its functionality is very limited and not very intuitive. However, assuming a trader’s screening requirements aren’t very advanced, entering trades from the screeners is quick and easy. Traders can access news and analysis from Morningstar and Briefing.com, which are both high-value sources. Streaming news of lower quality was also available from Benzinga.com.
Traders can use the OptionPlay tool to generate ideas and analyze option trades and spreads in real time. While useful, this feature is hard to find and is accessed from the options chain sheets. The quality of Firstrade’s charts varies depending on the platform. The web-based platform included rudimentary charting that is difficult to use and can not be customized. The Navigator and mobile trading platforms use charts provided by MultiCharts (TradingView) and are very good.
Portfolio Analysis and Reports
Most portfolio analysis and accounting functions are unavailable in Firstrade’s platforms. However, investors can see margin requirements on a per-trade basis and monitor open positions or watchlists in real-time. Account balances and account history are also available in real-time and transactions can be easily downloaded for analysis with external tools.
Although the process for downloading account activity data into external programs like Quicken, Microsoft Money, or Excel is easy, there is virtually no functionality for tax planning or account management within the Firstrade platforms. There are some simple calculators for asset allocation, option pricing, and IRA contributions, but they have limited usefulness and aren’t integrated with your account to provide guidance and analysis.
Customer Service and Help
Although Firstrade does not offer 24/7 live support, there are two qualities that set them apart from most brokers in their category. First, they offer full support in simplified and traditional Chinese. Second, during market hours, Firstrade’s customer service is responsive and knowledgeable on the phone. During heavy call times, accounts can request a call back that was very quick in our tests. The chat responses were less satisfactory, with many responses generated automatically with links to FAQs that often didn’t relate to the question being asked.
Besides low costs and good telephone service, Firstrade can also help account holders to generate income from their stock holdings through a stock loan program. Traders can loan their shares through Firstrade to other institutional investors for daily income. Shares that have been loaned are still unrestricted and investors can buy or sell them as they normally would without participating in the stock loan program.
Articles and videos covering a broad spectrum of markets and trading strategies are available at Firstrade. For new investors, the material will provide an introduction to most topics but not much more. Many of the articles and videos were produced by outside firms or organizations like the Options Industry Council so they do not include education that is very timely or related to Firstrade’s platforms and tools.
During our review, we found a lot of dead links in the educational content and much of it was dated. Although introductory education can be helpful for new investors, it does not relate well to current market conditions and new trading innovations. There are no live webinars or live events, which might have otherwise filled in many of the gaps in the education category. Although podcasts are available, they are mostly provided by the same external providers and do not relate to the live market environment.
In our view, traders evaluating Firstrade are probably focused on finding the lowest cost broker with a minimal level of trading functionality. Most stock, option, and fund trading can be done for $0 commissions. The security lending program even has the ability to lower the cost of trading further by compensating account holders for lending their shares for daily income.
Besides limited functionality and services, most low-cost brokers will charge higher fees in other areas to make up for the lack of commissions. Firstrade charges higher than average margin rates for investors with a margin account. Fees for some account transactions, such as wire transfers and ACAT transfers out, are also higher than average but not out of the ordinary.
What You Need to Know
In our opinion, there is a case to be made in favor of Firstrade if an investor is focused on the lowest trading costs available. Although Forex, futures, and crypto trading is unavailable, investors looking for stocks, options, funds and ETFs shouldn’t be disappointed. Unlike many other brokers in the low-to-no commission category, Firstrade stands out with above average trading platforms, streaming quotes, and advanced options trading functionality.
Service is good but limited to market hours, which may be challenging for traders outside the U.S. or new investors who cannot contact their broker during work hours. New investors looking for education will find a lot of introductory material aggregated from internal and external sources but limited advanced education or guidance connected to the current market environment.
Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. Our reviews are the result of six months of evaluating all aspects of an online broker’s platform, including the user experience, the quality of trade executions, the products available on their platforms, costs and fees, security, the mobile experience and customer service. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system.
In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices.
Our team of industry experts, led by Theresa W. Carey, conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels. Click here to read our full methodology.
1 Minute Review
Easy-to-use and quick to master, Firstrade offers new and veteran traders alike a simple way to start investing with rock-bottom pricing. Firstrade’s platform is simple and streamlined, and it extends this convenience to its mobile app. The company’s $0 commissions on stocks, ETFs, mutual funds and even options make Firstrade especially appealing for frequent traders. Firstrade also offers margin trading, though rates are a bit more expensive than some competitors. Firstrade also currently doesn’t offer access to futures or forex trading, and some more advanced traders may dislike the broker’s simple platform.
- New traders looking for a simple platform layout
- Native Chinese speakers seeking research and education tools in Chinese
- Mobile traders who needs a secure and well-designed app
- Simple platform easy enough for even complete novices
- Quick Bar tool for easy trading throughout the day
- Free access to Morningstar trading reports and other news in both English and Chinese
- Secure mobile app with enhanced security and trading features
- Simple brokerage platform doesn’t include as many charting tools as competitors
- No access to futures or forex markets
Table of contents [ Hide ]
Why Firstrade Brokerage Over Others?
What are the biggest benefits of using Firstrade? Let’s take a look at 3 unique features that Firstrade offers over other brokers.
- Quick Bar tool: Want to trade throughout the day without flipping back and forth from your brokerage tab? Firstrade’s persistent Quick Bar tool makes it simple to trade without leaving your current page.
- Rock-bottom trading prices: In addition to $0 stock, ETF and mutual fund transactions, Firstrade is one of the only brokers to offer completely free options trading.
- Information in both English and Chinese: Native Chinese speakers will appreciate Firstrade’s focus on inclusive trading — all of its pages and research information is also available in both traditional and simplified Chinese.
Brokerage Quick Summary
|Tradable assets||Stocks, options, ETFs, mutual funds, bonds|
|Platform||Simple, straightforward, beginner-oriented|
|Mobile app||Fully operational, mirrors desktop web-trading platform|
|Available account types||Taxable, IRAs, custodian accounts for minors, specialty accounts available for corporate investors|
Firstrade Fees, Commissions, Margin Rates and Account Minimums (5 Stars)
There’s nothing better than free trades — and Firstrade specializes in offering some of the lowest rates of any broker online. You’ll pay $0 in commission when you buy or sell stocks, ETFs and mutual funds. Firstrade is also one of the only brokers to offer $0 commissions on options trades as well.
Let’s take a closer look at what you can expect to pay when you trade with Firstrade.
|Stocks and ETFs||$0 commission|
|Mutual funds||Access to over 11,000 mutual funds; all mutual funds are commission-free|
|Bonds||$0 on most government-issued bonds|
The only complaint about Firstrade’s pricing is its margin rates. Margin trading from Firstrade is available, and you’ll pay between 9.25% and 5% APR depending on how much you borrow. The lowest rates are extended to traders who borrow over $1 million in the margin.
These rates are a bit higher than competitors like Robinhood and Interactive Brokers. However, in light of Firstrade’s $0 stock, bond, ETF and options commissions, we’re willing to overlook this charge and award Firstrade a full 5 stars for pricing.
Firstrade Useability (5 Stars)
One area where Firstrade shines is within its organized and simple desktop trading platform, which is beginner-oriented and easy to master. When you log into your Firstrade account, you’ll see a summary of your current holdings, how your available balances currently perform and a quick summary of the market at large.
From your desktop platform, you can search for stocks, ETFs and mutual funds by symbol, place orders and track prices. Though charting tools are rudimentary, casual traders will love the fact that the platform isn’t bogged down with infrequently-used tools and screeners. You can also view tax documents, research, education tools and more straight from your home page.
Looking for a streamlined way to trade without leaving your brokerage account open all day? Firstrade’s Quick Bar is a powerful tool that allows you to place and execute trades on a small pop-out window. Get a quote, search for stocks, place buy and sell orders and track performance all without leaving your current page or opening your brokerage account on a separate tab.
The Quick Bar tool is persistent, which means that it won’t automatically close if you navigate to another web page. You can also switch accounts shown on the Quick Bar — which means that if you’re logged into multiple accounts, you don’t need to go through your authentication process every time you want to make a trade. The Quick Bar tool may be especially useful for new traders who need additional market research and education tools open while they trade.
Though the platform might be considered outdated when compared to other brokers like TD Ameritrade and Interactive Brokers, which focus on providing a wide range of screening tools, the basic layout can be a welcome change for new investors.
Firstrade Education (5 Stars)
Firstrade also offers a wide range of education and research tools you can use to inform and improve your trading. Let’s take a quick look at 3 unique features Firstrade offers to account holders looking to improve their trading.
Morningstar is a well-known stock and market analysis firm that produces asset reports detailing company characteristics, including changes in financial direction, market capitalization, dividend yield and more. Morningstar reports are easy to read and understand — even for very new traders and those still in the early stages of learning how to evaluate a stock or fund.
Firstrade offers premium Morningstar reports free of charge to all traders who have an active brokerage account. Market reports for major stocks are updated daily and are available in English, traditional Chinese and simplified Chinese.
Market and News
Firstrade offers a comprehensive daily market news and updates page complete with a host of free tools and screeners. From the Market and News page, you can read more about the day’s top-moving stocks from news reports representing a host of reliable sources. Sort stocks by net movement, percentage gained or lost, most active, total yield and more with just a few clicks. You can also view a summary of how major industries are trending today, with each major index color-coded for your convenience.
Basic Education for Beginners
Are you still gaining your footing in the market? If so, you may want to begin with Firstrade’s basic market education center. The education center includes introductory articles and videos on basic investing topics. Some topics include general information on stocks, the differences between order types and explanations of some common investing abbreviations you’ll see throughout the site. Though the information in the education center tab is a bit basic, brand-new investors will appreciate its simple language and easy-to-follow formatting.
All research and education tools from Firstrade are available in English, traditional Chinese and simplified Chinese. Research and education tools are free to Firstrade account holders, and you may need to be logged into your account to access select pages and reports.
Firstrade Customer Support (4 Stars)
Firstrade offers traders a few different methods to contact customer service.
- Phone: To contact customer service by phone, dial 1-800-869-8800. Customer service representatives are available by phone Monday through Friday, 8 a.m. to 6 p.m. EST.
- Online chat: If you have a short, simple question you need answered, you may want to contact Firstrade through the broker’s chatbot — Sammi Bot. To get in contact with Sammi Bot, visit Firstrade’s customer service page and click on the button labeled Chat With Us. Chatbot assistance is available 24/7 with no wait times.
- Email: Send a message to [email protected] to contact Firstrade’s customer service team by email. To get a faster response, include a summary of your concern in the subject line of your email.
There is currently no specific customer service option available for people with hearing limitations.
Firstrade’s Offerings (4 Stars)
As an online brokerage platform, Firstrade provides self-directed investors with a variety of assets and securities to invest in. Firstrade currently supports the purchase and sale of stocks, bonds, ETFs, mutual funds, options contracts and CDs.
Let’s take a closer look at how you can invest with Firstrade’s platform and how much you can expect to pay.
Firstrade Stocks, ETFs and Mutual Funds
Firstrade offers complete access to the major U.S. stock markets, including the New York Stock Exchange, NASDAQ Stock Market, AMEX Market and even over-the-counter (OTC) markets such as the OTC Bulletin Board or Pink Sheets. Firstrade also offers full access to the ETF market with over 30 screening tools to find your next major investment. All purchases are available with $0 commissions.
Firstrade also offers access to over 11,000 professionally-managed mutual funds to complement your portfolio. Firstrade is one of the few brokers that offers $0 commissions on all mutual funds available on its platform. This makes it an ideal choice for retirement investors or long-term investors looking for steady returns over time.
Firstrade offers rock-bottom options pricing at $0 commission and $0 per-transaction fees. Trading options is easy with Firstrade’s platform. You don’t need to enter the strike price, symbol and expiration date yourself on Firstrade’s platform — simply click, find and execute. You can even execute complex, multi-leg options orders on Firstrade’s Quick Bar.
Options trading isn’t available to every trader with a Firstrade account. To begin trading options contracts, you’ll need to apply through your broker. Availability will depend on the average asset balance in your account as well as your experience level trading.
Firstrade Mobile App (5 Stars)
Firstrade’s mobile app mirrors the platform’s simple layout and intuitive design. Even new investors will quickly master Firstrade’s layout and make trades with ease. Let’s take a look at a few of the unique features that make the Firstrade mobile app easy to use.
Intuitive Order Placement
Placing orders on Firestrade’s app is fun and easy. Just search for the stock or fund you want to buy, enter the number of shares you’d like, select your order type and place your order. You can view a complete list of pending orders from your app home screen and you can quickly edit or cancel orders by swiping on your pending orders.
Simple Account Funding
Firstrade makes it easy to connect and transfer between your bank account and your brokerage account. Firstrade’s app offers native connectivity with over 2,000 banks, including HBIC, Santander, Bank of America, Chase and more. Enter your account information and get started trading in as little as an afternoon.
- Landscape mode. Want to view a longer price change history of a certain stock or fund? Flip your phone to landscape mode to view a longer candlestick chart with ease.
Firstrade’s mobile app offers enhanced security features, including 2-factor authentication, facial recognition technology and thumbprint scanning to ensure that you’re the only one who can access your account — even if your phone is lost or stolen.
Firstrade’s mobile app is available as a free download for both iOS and Android platforms.
Firstrade vs. Competing Brokers (4.5 Stars)
Though not as well-known as competitors like Robinhood or Ally Invest, Firstrade is a powerful and affordable brokerage platform. The broker’s desktop trading platform, though a bit outdated, is easy enough for even total beginners to use. Both new and veteran traders will appreciate Firstrade’s unbeatable $0 commissions, as well as its free access to research and Morningstar reports. The corresponding mobile app is also equally as comprehensive, with an intuitive and streamlined interface.
There isn’t much to complain about wish Firstrade. Some traders might wish for access to the futures or forex markets, considering Firstrade’s rock-bottom pricing. More advanced traders may also prefer a platform with more native screening and charting tools like TD Ameritrade’s thinkorswim. However, for a beginner or an infrequent trader looking for the most affordable way to step into the world of investing, Firstrade is a force to be reckoned with.
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