Firstrade Review

Written By Jeff Hindenach
Last updated November 13, 2017

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August 10, 2016

Firstrade is an underrated investment site, but offers a lot of the same value as larger sites like E*TRADE with a more personal experience. It also offers one of the most streamlined websites and apps, making it easier for beginners to trade. Here is a more detailed look at Firstrade.

Firstrade Review

Firstrade website

Firstrade Review image
  • Best For: Easy-to-use website/app. Firstrade has one of the easiest websites and apps, making it easier for first-time investors or anyone hoping for a clear, friendly tool to help with trading.
  • Price: Trades are $6.95, and the options base fee is also $6.95. Options per contract are $0.75 and broker-assisted orders are $19.95.
  • Features: Firstrade offers all the typical investing options, including stocks, options, ETFs, IRAs, mutual funds, bonds, Forex and trading on the International Stock Exchange.
  • Other highlights: Firstrade is currently offering a deal of 100 free trades if you fund your account with $5,000 or more, plus $100 if you transfer $10,000 or more to your account, and $100 if you deposit $100,000 or more in your account.
  • Customer Service: Firstrade is strong when it comes to technical customer service for your account, but it does not offer broker-assisted help like other investing websites.

About the Author

Jeff Hindenach

Jeff Hindenach is the co-founder of Simple. Thrifty. Living. He graduated from Bowling Green State University with a Bachelor's Degree in Journalism. He has a long history of financial journalism, with a background writing for newspapers such as the San Jose Mercury News and San Francisco Examiner, as well as writing on personal finance for The Huffington Post, New York Times, Business Insider, CNBC, Newsday and The Street. He believes in giving readers the tools they need to get out of debt.

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