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Firstrade Securities Inc.

Firstrade

Visit Firstrade

U.S. self-directed discount online broker known for $0 stock, ETF, mutual-fund and options trades, including $0 options contract fees.

Options BrokerEtf BrokerMutual Fund PlatformMulti Asset BrokerEtfOptionMutual FundBondCash Savings

85

/100

Overall score

Overall score looks strong, with high-confidence evidence. Still verify country/entity terms.

Based on evidence23 sources
Trust
86
Cost
94
Withdrawal
73

Read first

Decision summary

85

/100

Overall

Overall looks strong, with high-confidence evidence. Still verify country/entity terms.

Headline score from research fields, regulation evidence, and scoring payload.

Best for

Cost-sensitive options traders · Self-directed U.S. stock and ETF investors · Investors seeking no-minimum brokerage or IRA accounts

Watch out

Entity, country restrictions, and high-risk fee fields should be checked carefully.

Trust signal

Trust looks strong, with high-confidence evidence. Still verify country/entity terms.

Withdrawal signal

Withdrawal is usable, but check the supporting evidence and caveats.

Deposit
$0 minimum initial deposit / no minimums.
Pricing
Not applicable or not broker-level for this investment-platform profile; review if leveraged products apply. · $0 online stock, ETF, option…
Withdrawal
Withdrawal processing time not found in checked official public funding and fee pages. · ACH $0; regular check $0; domestic/foreign outgoin…
Safety
No CFD-style negative balance protection; margin trading losses may exceed deposited principal.

Availability

Countries and restrictions

Availability can vary by legal entity, account type, and local regulation. Treat this as a shortlist signal and verify details with the broker before opening an account.

Restricted Countries

Full restricted-country list not disclosed; international page lists supported regions and site disclaims jurisdictions where Firstrade is not authorized.

Source

Evidence

Source-backed details

Trust5 fields

Regulators

Broker-dealer regulated by FINRA; SEC broker-dealer registration shown on BrokerCheck.

Source

License Numbers

CRD# 16843; SEC# 8-34642

Source

Regulated Entities

Firstrade Securities Inc.

Source

Negative Balance Protection

No CFD-style negative balance protection; margin trading losses may exceed deposited principal.

Source

Investor Compensation

SIPC up to $500,000 including $250,000 cash; excess coverage via Apex up to aggregate $150 million / $37.5 million per customer including $900,000 cash.

Source
Cost7 fields

Minimum Deposit

$0 minimum initial deposit / no minimums.

Source

Spread From

Not applicable or not broker-level for this investment-platform profile; review if leveraged products apply.

Source

Commission

$0 online stock, ETF, options, and mutual fund trades; $0 options contract fee; most fixed income on net-yield basis; primary market CDs $30.

Source

Maximum Leverage

Maximum leverage not disclosed as a simple ratio; U.S. margin accounts are subject to margin rules and product-level requirements.

Source

Deposit Fee

ACH electronic transfer $0; incoming wire/account transfer fees not explicitly disclosed on checked fee page.

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Withdrawal Fee

ACH $0; regular check $0; domestic/foreign outgoing wire $25; overnight check $50; ACAT transfer out $75; partial ACAT transfer out $55.

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Inactivity Fee

No inactivity fees.

Source
Availability1 fields

Restricted Countries

Full restricted-country list not disclosed; international page lists supported regions and site disclaims jurisdictions where Firstrade is not authorized.

Source
Product5 fields

Tradable Assets

Stocks, ETFs, options, mutual funds, fixed income including Treasuries, municipal bonds, agency bonds, zeros/strips, and CDs.

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Trading Platforms

Web platform, iOS app, Android app, and Options Wizard/OptionsPlay analytics.

Source

Account Types

Individual/joint/custodial brokerage; Traditional/Roth/Rollover/SEP/SIMPLE IRA; Coverdell ESA; trust/estate; international individual; cash management.

Source

Deposit Methods

ACH electronic funds transfer, wire transfer, and ACAT/account transfer.

Source

Withdrawal Methods

ACH transfer, outgoing domestic/international wire, regular check, and overnight check.

Source

Before you decide

Things to verify

Restricted Countries

Full restricted-country list not disclosed; international page lists supported regions and site disclaims jurisdictions where Firstrade is not authorized.

Withdrawal Processing Time

Withdrawal processing time not found in checked official public funding and fee pages.

Spread From

Not applicable or not broker-level for this investment-platform profile; review if leveraged products apply.

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Important disclosure

Broker research, not investment advice

Availability, fees, investor protection, and regulation can vary by country and legal entity. Verify the broker and regulator details directly before opening an account.

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