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Firstrade Securities Inc.

Commission-free investing with 38 years of experience

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Community summary

Firstrade is a leading online discount brokerage firm offering commission-free trading of stocks, ETFs, options, and mutual funds. Founded in 1985, Firstrade serves both US and international investors with advanced trading platforms, extended trading hours, and comprehensive research tools. The firm is a member of FINRA and SIPC, providing investor protection and access to US financial markets.

Broker specification

Markets, costs, accounts and operations

Source-attributed product facts checked 2026-08-01. Terms can vary by legal entity, account type and client jurisdiction; verify the linked official documents before opening an account.

Stocks & ETFsFutures & OptionsMulti-Asset
Minimum deposit
$0
Spread from
Not source-confirmed
Commission from
$0
Maximum leverage
Not source-confirmed

Markets & instruments

Asset classes
Stocks · ETFs · Options · Funds · Bonds
Execution model
DMA
Client types
Not source-confirmed

Platforms & accounts

Platforms
Firstrade Web Trading Platform · Firstrade Mobile App (iOS) · Firstrade Mobile App (Android) · iPad App
Account types
Individual Brokerage Account · Joint Brokerage Account (JTWROS) · Joint Brokerage Account (Tenants in Common) · Custodial Account · Coverdell ESA · Trust Account · Traditional IRA · Roth IRA · IRA for Minors · Rollover IRA · SEP IRA · SIMPLE IRA · International Investment Account
Base currencies
USD

Funding

Deposit methods
ACH Electronic Funds Transfer · Wire Transfer
Withdrawal methods
ACH Electronic Funds Transfer · Check · Wire Transfer

Support

Channels
Phone · Email · Online Help Center · Fax · In-person (New York office)
Languages
English · Mandarin Chinese · Cantonese Chinese
Hours
Phone: Available 24/7 (US Toll-Free 1-800-869-8800). Office hours: Monday-Friday, 10am-4pm ET for in-person support.

Account capabilities

Demo account
Islamic account
Copy trading
Negative balance protection

Key features

  • $0 commission on stock trades
  • $0 commission on ETF trades
  • $0 commission on options trades
  • $0 options contract fees
  • $0 exercise and assignment fees
  • No minimum account deposit
  • No account inactivity fees
  • Extended hours trading (7am-8pm ET, Mon-Fri)
  • Overnight trading (8pm-4am ET, Sun-Fri)
  • Advanced charting and technical analysis tools

Fees and trading costs

$0 commission on stocks, ETFs, options, and mutual funds. No minimum deposit or inactivity fees. Additional fees may apply for certain transactions (e.g., short-term fund redemption $19.95, primary market CDs $30).

Investor protection

SIPC membership protecting up to $500,000 per account ($250,000 for cash). Additional insurance through Lloyd's of London underwriters providing coverage up to $150 million aggregate and $37.5 million per customer.

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Trustpilot

Checked 2026-08-01

1.8
53 reviews
Recurring positives: Zero commission trading on stocks, ETFs, options and mutual funds · No minimum deposit required to open an account · Access to international markets and extended trading hours · Low costs and straightforward pricing structure · Established and regulated broker with FINRA and SIPC membership
Recurring concerns: Poor customer service responsiveness with long wait times for withdrawals · Trading platform performance issues and slow system updates · Withdrawal restrictions and extensive verification requirements · Limited geographic availability for international customers · Negative customer experiences with account closure fees and delays
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