Firstrade
Rating: 0.5 / 5Firstrade is a US-based brokerage that eliminated most trading fees, offers services to international traders focused on China and the EU, and is an excellent choice for equity investors preferring long-term dollar-cost averaging strategies. The downside is its sub-standard trading platform, but investors have sufficient tools to manage portfolios and retirement accounts. I conducted this Firstrade review to evaluate its investment environment. Does Firstrade offer you an edge beyond pricing?
Firstrade is a US-based brokerage that eliminated most trading fees, offers services to international traders focused on China and the EU, and is an excellent choice for equity investors preferring long-term dollar-cost averaging strategies. The downside is its sub-standard trading platform, but investors have sufficient tools to manage portfolios and retirement accounts. I conducted this Firstrade review to evaluate its investment environment. Does Firstrade offer you an edge beyond pricing?
Broker Details
- Headquarters
- United States
- Established
- 1985
- Min Deposit
- $0
- Execution
- Market Maker
- Regulators
- SEC
Trading Conditions
- Min Raw Spreads
- NA
- Min Standard Spreads
- NA
- Min Forex Commission
- NA
- Trading Hours
- Stocks (non-CFDs)Monday 08:00 - Friday 20:00BondsMonday 08:00 - Friday 20:00ETFsMonday 08:00 - Friday 20:00OptionsMonday 08:00 - Friday 20:00
Accounts & Funding
- Funding Methods
- 2
- Deposit Options
- Wire TransferOther
- Deposit Fees
- No
- Withdrawal Options
- Wire TransferOther
- Withdrawal Fee
- Yes
Trading Costs & Spreads
- EUR/USD
- NA
- GBP/USD
- NA
- Gold
- NA
- Bitcoin
- NA
- WTI Crude
- NA
- Inactivity Fee
- false
Platform & Features
- Trading Platforms
- Proprietary platform
Pros
- Accepts non-US person clients from 28 countries
- Excellent operational history and regulatory track record
- Commission-free trading, including options trading without contract fees
Cons
- Sub-standard trading platform without algorithmic or copy trading support
- Limited sector coverage
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