The company is operating since 1985. It has managed to get in the good graces of the clients. The company has received a license from FINRA and SIPC. The interface of the platform is available in 2 languages – English and Chinese. The company offers trading, research, educational, and retirement savings services. It is a well-known platform for options traders. The company has developed its own software. There are no commissions for shares purchase, option contracts, mutual funds investment. There are no requirements for the minimum deposit. You may start trading with only 1 USD
Fouded
1985
Min deposit
1$
Min withdrawal
100$
Withdrawal fee
no
Inactivity fee
$100 inactivity fee applicable only after several years inactivity
Min bet
0.01 lots
Max. leverage
1:30
Withdrawal of funds
1-7 working days
Asset type
Stocks, Bonds, Mutual funds, ETFs, Options.
Regulated
FINRA, SEC
Deposit with credit card
Bank transfer, Local Bank Transfers
Withdrawal
Bank transfer, Local Bank Transfers
Avalaible plamform
Web, IOS, Android
Company registration
Firstrade Securities Inc. 30-50 Whitestone Expwy. Ste. A301 Flushing, NY 11354
Contacts
service@firstrade.com
1.718.961.6600
Pros
Commission-free stock, ETF and options trades
$0 contract fee on options trades
All mutual funds are commission-free
Chinese language options
Cons
Limited functionality in web and mobile platforms beyond order entry and rudimentary charting
No forex, crypto, futures, or futures options trading
Customer support is not available 24/7
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