Firstrade

4.0(600 reviews)

Commission-free US broker with options trading since 1985

SEC/FINRA RegulatedSince 1985

Trust Score

Very Good

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

0 $

Min. Deposit

Instruments

SEC/FINRA

Regulation

Platforms

Key Features

Stocks

Stocks trading available

Options

Options trading available

ETFs

ETFs trading available

Mutual Funds

Mutual Funds trading available

Bonds

Bonds trading available

Firstrade Web

Trading Platform

Firstrade App

Trading Platform

Advantages

Completely commission-free trading
Over 35 years of experience
No minimum deposit
Free options contracts

Disadvantages

Less advanced platform
Limited research tools
No international markets

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

About Firstrade

Firstrade was founded in 1985 in New York and is one of the oldest online brokers in the US with over 35 years of experience. The SEC and FINRA-regulated broker has established itself as a pioneer of commission-free trading, offering trading in stocks, options, ETFs, mutual funds, and bonds completely without commission fees. What makes Firstrade special is that even options contracts can be traded without any commission – an offering that is rare in the industry. The minimum deposit is $0, making entry maximally accessible. Firstrade provides its own web platform and app, which are less advanced than the platforms of specialized brokers but entirely sufficient for long-term investors and casual traders. The broker is particularly suited for cost-conscious US investors who want to invest in stocks and options.

Firstrade FAQ

What is the minimum deposit at Firstrade?

Firstrade requires no minimum deposit. You can open an account with any amount and immediately start commission-free trading.

Are options contracts at Firstrade really free?

Yes, Firstrade charges no commissions on options contracts. There are no contract fees or exercise fees. This makes Firstrade one of the most affordable brokers for options trading.

What investment products does Firstrade offer?

Firstrade offers trading in stocks, options, ETFs, mutual funds, and bonds. All products are available through the US market. International markets, Forex, or futures are not offered.

Is the Firstrade platform suitable for advanced traders?

The Firstrade platform offers basic charting and research tools but is less advanced than specialized platforms like tastytrade or TradeStation. It is sufficient for long-term investors and basic options trading, but active day traders may need more tools.