Written by Stephane Dubois Written by Stephane Dubois
Reviewed by Sandro Pontedra Reviewed by Sandro Pontedra

Firstrade Review 2026

Firstrade Review 2026
Overall Rating
Commissions Rating
Education Rating
Service Rating
Founded 1985
Regulation FINRA, SIPC
Standard account $300
Leverage 1:200
Spread 1.3-1.5

Firstrade General Information

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 our customers first through no-cost trading. At Firstrade, we stand by our core values every day: Commission-Free Investing and an ongoing Commitment to Excellence.

Proudly serving our customers since 1985

Firstrade is a leading online brokerage firm offering a full line of investment products and tools designed to help investors like you take control of your financial future. Since its founding in 1985, Firstrade has been committed to providing high value and quality services to help you reach your financial goals.

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, we are committed to excellence and putting the needs of all our customers first. Firstrade is a member of FINRA/SIPC. Discover online investment opportunities with Firstrade Securities today.

Firstrade Trading Information 2026

Address

Firstrade Securities, Inc. 30-50 Whitestone Expwy. Ste. A301, Flushing, NY 11354   

Phone

1.718.961.6600

Mobile Trading

Trade Smarter, Faster with Firstrade for iOS and Android

Trade Smarter and Faster with these new features:

  • Smart Menus for Faster Trades
  • Consolidated Portfolio Dashboard
  • Enhanced Trading Workflow
  • Fast Options Trading with Advanced Strategies
  • Watchlists with Pre-defined Top Lists
  • Upgraded Research with Advanced Charts
  • Order History
  • Easy Account Funding
Capital Management

Manage, invest and spend your money all from one account.  No Setup Fee, No Annual Fee, Free ATM/Debit Card and Check Writing, Worldwide ATM Access. In this fast-paced world, a Firstrade Cash Management Account provides you the flexibility to trade, access and spend your money all in one account. It’s easy, fast and hassle free.

With our Cash Management Service, your cash will be in the same account as your trading funds, so you won’t miss any market opportunities when it comes to trading. Get started with your online money management account at Firstrade Securities today.

Firstrade Cash Management Account Benefits

  • Fast and Convenient. Our online cash management account with debit card makes it easier than ever when you can have the flexibility to trade, invest and spend in one account.
  • Travel/Accident Insurance. There will be no additional cost when you charge transportation tickets on a licensed common carrier to your Visa debit card.
  • Zero Liability Policy. You will have no liability for unauthorized transactions if you promptly report the loss or theft of your card and report any unauthorized transactions.
  • Personalized Service. Speak with a Firstrade Cash Management Account specialist to learn how to set up your account, activate features and more.
Investments Portfolios

Generate Income on your Stock/ETF Portfolio. Take directional views with leverage and limited risk. Hedge Your Portfolio with Risk-Reduction Strategies.

Analytical assistance
  • Streaming Watchlist. React quickly to market conditions with real-time streaming quotes. It’s compatible across all browsers, no plug-ins required.
  • Morningstar Stock Reports. Read the weekly expert insight on your favorite stocks from Morningstar's analysts.
  • Investment Screeners. Find investment products and discover a world of investing opportunities based on your specialized filtering criteria.
Affiliate Program

Become a Firstrade Affiliate. Promote Firstrade on your site, increase traffic to earn possible referral income.

Join the Firstrade Affiliate Program

If you maintain a finance-related website, joining our affiliate program can earn you income when you drive potential customers to Firstrade. A pioneer in online trading, Firstrade has been providing a complete suite of investment products and brokerage services to self-directed investors for 30 years. You’ll be offering a great service to your site visitors and increasing your website revenue at the same time!

  • Free to Join. Signing up is easy and takes only a few minutes.
  • Unlimited Earning Potential. Get cash for every successful referral you make. There is no cap on commissions earned.
  • Dedicated Support. We'll provide you up-to-date banners with our latest promotions.
  • How it works. When you become a Firstrade Affiliate, we'll provide you with a wide selection of promotional banners containing unique tracking links that you can share through your website. We'll pay you a commission for every visitor who clicks on the Firstrade banners on your site and opens an account with us. There is no maximum cap on the commission you can earn, so your earning potential as an affiliate is unlimited!
Education

Firstrade offers investment education for beginners (including tools, investment tips, and services) to help you make your next move.

  • Stocks. Purchase shares of a corporation signifying ownership. Whether investing in Blue-Chips or Small-Caps, there are thousands of stocks to choose from.
  • Options. Hedge an investment or leverage for greater potential gain. Weigh the risk and the reward.
  • ETFs. ETFs trade like stocks, but have many of the characteristics of passively managed Mutual Funds. Best of both worlds?
  • Mutual Funds. Don't like putting all your eggs in one basket? Diversify with professionally managed funds. We have the fund that suits you.
  • Fixed Income. Corporate Bonds, Munis, Treasuries, Government Bonds or CDs. Fixed income securities are designed to generate a steady and fixed periodic payment.
Account Types

We offer different types of online brokerage accounts to fit your investment objectives. Browse account types for all of our online trading and online investment services.

  • Regular lnvesting. Build your family's wealth with a traditional or joint brokerage account.
  • IRA Retirement. Save taxes now or later and accumulate retirement savings with an IRA.
  • International Accounts. Access Firstrade's fast and powerful online trading platform from almost anywhere in the world. For more details on how to open an international online trading account with Firstrade, click here.
  • ESA Education Planning. Help your children reach their highest potential with an ESA.
  • Custodial Account. An investment account set up for a child/minor wherein the account is placed under a custodian's control until the minor reaches legal adulthood.
  • Firstrade Cash Management Account. Consolidate your banking and brokerage services all in to one account.
Commissions

Pricing, Only at Firstrade

Stocks Commission $0
ETFs Commission $0
Options Commission $0
Contract Fee $0
Exercise and Assignment Fees $0
Mutual Funds Load Funds Free
No-Load Funds Free
No Transaction Fee (NTF) Funds Free
 
Fixed Income Treasury Bills, Notes & Bonds Net Yield Basis
Municipal Bonds Net Yield Basis
Agency Bonds Net Yield Basis
Zeros & Strips Net Yield Basis
Primary Market CDs $30
Secondary Market CDs Net Yield Basis
Net Yield Basis means Firstrade acts as principal whereby the bonds will be subject to a markup or markdown.
Support

Welcome to the Firstrade Support Center. If you have any questions or concerns regarding our online trading services, we would be more than happy to answer them.

Options

The fully integrated OptionsPlay let's you find opportunities and instantly execute your ideas at Firstrade.

  • Daily bullish and bearish trading ideas
  • Instant options strategies based on various market outlooks
  • Optimal income opportunities for any Stock or ETF
  • Free Options Education & Live Events
Bonds

Fixed income investments offer long-term stability while generating higher returns than a traditional savings account. This makes them ideal for retirement accounts, short-term savings and as a diversification tool in any portfolio.

Why Fixed Products?

Fixed income investment products are an important part of many portfolios. Their opportunities for use are diverse and can help investors by:

  • Acting as a hedge against market volatility and downside risk. Creating a low-risk safe haven for those investors with a low tolerance for risk.
  • Providing a method of portfolio diversification.
  • Allowing for a guaranteed return for short-term savings.
  • Delivering a means to preserve retirement assets once an investor reaches retirement age.
Stocks

Choose from a range of investing possibilities. Trade many different equities, funds and strategies while setting up conditional orders and taking advantage of after-hours trading in your account.

  • Listed and OTC Stocks. Trade both listed and OTC trading stocks.
  • Exchange Traded Funds (ETFs). Replicate the performance of an index by investing in Exchange Traded Funds. Use screeners with over 30 different screening criteria options to help you find ETFs.
  • Penny Stocks to Large Cap Stocks. Invest in large, mid, and small cap companies or penny stocks.
  • Divided Reinvestment Programs. Enroll in our dividend reinvestment programs at no additional charge and keep those dividends working.

Added Features for Better Trading Control

  • Extended Hours Trading. Trade eligible stocks after hours during our extended hours trading between 8:00am - 9:25am and 4:05pm - 8:00pm Eastern time.
  • Conditional Orders. Place conditional orders such as "One Cancels the Other" or "One Triggers the Other".
  • Trailing Stops. Take advantage of market momentum by creating Trailing Stops to execute a stop-loss order set around a percentage of market price.
Mutual Funds

Firstrade brings you a comprehensive list of mutual funds. When you’re looking for the best mutual funds to invest in, we have everything you need to start your research. Narrow down your options by load funds, no-load funds, and NTF funds. And when you’re ready to add to your portfolio, open an account with us today.

Choose from over 11,000 different Mutual Funds. Diversify your holdings and create a professionally managed, low maintenance portfolio.

ETFs

Each ETF is a basket of securities that is designed to generally track an index - broad stock or bond market, stock industry sector, or international stock - yet trades like a single stock.

The Advantages of ETF Trading

  • Flexibility and Liquidity. ETFs (Exchange Traded Funds) are bought and sold just like stock, and unlike Mutual Funds, can be purchased at intraday prices, bought on margin, and even sold short.
  • Diversification. Investing in an ETF means buying into a basket of securities, thereby diversifying your investment and reducing your risk.
  • No Cost. ETFs usually have lower expenses than other investments like mutual funds. ETFs at Firstrade are free.
  • Global Investing. One of the ETF advantages is that there are ETFs that track markets in various regions or countries, making it an ideal way to invest overseas.
  • Transparency. ETFs track individual indices or commodities and you can easily tell where your asset is being invested.
  • Tax Efficiency. An ETFs tracks an index, making it less prone to turnover, resulting in lower capital gains tax.

Why Trade ETFs with Firstrade

  • More Choices, Opportunities to Save. Firstrade lets you trade every ETF available in the market and offers more commission-free ETF trading opportunities than any other broker.
  • Comprehensive Research & Tools. Use our easy-to-use screener and Morningstar research to help you find the right ETFs based on performance and analyst ratings.
  • Help from Registered Representatives. Our customer service representatives are available to assist you via phone, email.
Cryptocurrencies

Buy and Sell Cryptocurrencies with Firstrade Crypto. Welcome to Firstrade Crypto trading platform. Diversify your portfolio and trade cryptocurrencies like Bitcoin and Ethereum today!

Why Choose Firstrade As Your Crypto Trading Platform

  • $1 Minimum. Get started on your investing journey with as little as $1. Buy a fraction or a whole coin.
  • More Coins. 37 of the most popular coins available to trade, with more added monthly.
  • All-in-One App. Trade stocks, options, mutual funds, and now, crypto, in one convenient and powerful app.
  • Real-Time Data. React to big news in the market with real-time data and analytics.
  • 24/7 Trading. Trade anytime, anywhere.Take advantage of market opportunities all day, everyday.
  • Instant Cash. Get access to your funds right away and trade with instant funds settlement.
Main Features and Highlights
Country of regulation USA
Trading fees class Low
Inactivity fee charged No
Withdrawal fee amount $0
Minimum deposit $0
Time to open an account 1-3 days
Demo account provided No
Products offered Stock, ETF, Fund, Bond, Options
Accepts US investors