Firstrade

Firstrade is a veteran online brokerage that offers commission-free trading on stocks, ETFs, options, and mutual funds. Unlike many newer apps, Firstrade has a long history dating back to 1985 and provides a comprehensive suite of tools for retirement planning and active trading. It is particularly popular for its $0 contract fees on options trades, which is a significant cost saver compared to other brokers.

The platform is accessible to international investors from many countries, not just US residents. Firstrade also offers cryptocurrency trading, allowing users to manage a diverse portfolio in one place. It is a legitimate, SEC-registered broker-dealer and member of FINRA/SIPC, offering a reliable low-cost environment for building long-term wealth.

Frequently Asked Questions

1. specific commissions?

Firstrade offers $0 commission on stocks, ETFs, options, and mutual funds.

2. specific option contract fees?

Unlike most brokers, Firstrade charges $0 per contract for options trading.

3. Can non-US citizens open an account?

Yes, Firstrade accepts international accounts from many countries, making it a popular choice for global investors.

4. Is crypto trading available?

Yes, Firstrade supports trading for major cryptocurrencies with competitive spreads.

5. Is my money safe?

Yes, Firstrade accounts are SIPC insured, protecting securities customers up to $500,000.