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Written by: Adam N. Updated: Dec 2022
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Our top alternative brokers to Firstrade
TradeStation
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Interactive Brokers
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Firstrade Alternatives

The best alternatives to Firstrade are

  1. TradeStation - US stockbroker
  2. Interactive Brokers - International broker providing all asset classes
  3. TD Ameritrade - US-based stockbroker
  4. E*TRADE - US stockbroker

Let's see in a bit more detail how the Firstrade alternatives compare to Firstrade and each other:

Firstrade alternatives comparison
Firstrade TradeStation Interactive Brokers TD Ameritrade E*TRADE
Overall score 4.5 stars 4.7 stars 4.9 stars 4.9 stars 4.7 stars
Fees score 4.4 stars 4.1 stars 4.4 stars 4.1 stars 4.1 stars
Account opening score 4.2 stars 5.0 stars 3.2 stars 4.0 stars 4.2 stars
Deposit and withdrawal score 2.2 stars 2.2 stars 3.0 stars 2.2 stars 2.2 stars
Web platform score 4.3 stars 3.8 stars 3.8 stars 4.3 stars 4.5 stars
Markets and products score 3.2 stars 3.2 stars 5.0 stars 3.9 stars 2.9 stars
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Why are these brokers considered good alternatives to Firstrade? There are many areas based on which Firstrade can be compared with others. When we say a given online broker is a good alternative to Firstrade we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Firstrade alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Firstrade is recommended for beginners and investors looking for zero-commission trading, focusing on the us market
  • TradeStation is recommended for traders focusing on us markets and buy-and-hold investing
  • Interactive Brokers is recommended for traders looking for broad market access and a professional trading environment
  • TD Ameritrade is recommended for investors and traders looking for solid research and a well-equipped desktop trading platform
  • E*TRADE is recommended for investors and traders looking for solid research and a great mobile trading platform

Important factors of finding Firstrade alternatives

So far BrokerChooser has reviewed 102 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Firstrade or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Firstrade is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Firstrade alternative.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at Firstrade, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Firstrade alternative is a must.


Now let's dive into the details of how Firstrade and its alternatives perform in the most important areas!

Firstrade alternatives
TradeStation

TradeStation is a US stockbroker founded in 1982. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients are eligible for up to $500,000 investor protection per account (including cash up to $250,000).

TradeStation is considered safe because it has a long track record; transparently discloses its financials; and its parent company, the Monex Group, is listed on the Tokyo Stock Exchange.

Recommended for traders focusing on us markets and buy-and-hold investing

Pros
Cons
Great web and mobile trading platform
Inconvenient deposit and withdrawal
Low trading fees
No forex trading
High-quality research and education tools
Mediocre customer service

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Fees
4.1

TradeStation has low trading fees, and you can choose from multiple fee structures. On the negative side, there's an inactivity fee and only ACH is free for withdrawals.
Pros
Cons
Low trading fees
Inactivity fee
Low stock and ETF fees / Free stock trading
WIthdrawal fee for bank wire transfers
Free ACH withdrawals
Firstrade vs. TradeStation: Trading fees
TradeStation Firstrade
Apple benchmark fee $0.3 $0.3
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
5.0

TradeStation account opening is fully digital, user-friendly and fast. There are many account types, but USD is the only available base currency (except for futures accounts).
Pros
Cons
Fast
None
Fully digital
User-friendly
Firstrade vs. TradeStation: Minimum deposit, time to open an account
TradeStation Firstrade
Minimum deposit $0 $0
Time to open account 1 day 1-3 days

If you are interested more in TradeStation minimum deposit, this overview will help you.

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Deposit and withdrawal
2.2

TradeStation's deposit and withdrawal functions are somewhat limited, as you can use only bank transfer; while the fee for wire transfer withdrawals is high.
Pros
Cons
No deposit fee
Credit/Debit card not available
Deposit/withdrawal in cryptocurrencies
High fee for wire withdrawal
ACH withdrawal is free
Firstrade vs. TradeStation: Withdrawal options
TradeStation Firstrade
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
3.8

TradeStation has a nice-looking, user-friendly web trading platform with a safe login process.
Pros
Cons
Clear fee report
None
Two-step (safer) login
Good search function
Web trading platform of TradeStation, a Firstrade alternative
Firstrade vs. TradeStation: Trading platform scores
TradeStation Firstrade
Web platform score 3.8 stars 4.3 stars
Mobile platform score 4.8 stars 3.8 stars
Desktop platform score 2.3 stars -

Learn more about TradeStation's web trading platform in the detailed TradeStation review.

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Markets and products
3.2

TradeStation grants access to a wide variety of US products, but its non-US market coverage is poor. Also, forex and CFDs are not available.
Firstrade vs. TradeStation: Markets and products
TradeStation Firstrade
Stocks Yes Yes
ETFs Yes Yes
Forex No No
Funds Yes Yes
Bonds Yes Yes
Options Yes Yes
Futures Yes No
CFDs No No
Crypto Yes Yes

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Verdict

TradeStation is a great US broker.

The web and mobile platforms are very user-friendly, with many great functions. TradeStation also charges low stock and ETF trading fees. On top of that, its education materials are well-structured and high quality.

On the other hand, deposit and withdrawal functions are not that convenient, as you can only use bank transfers. Among other negatives, there is no forex trading, and customer service has room for improvement.

As there is no minimum deposit, feel free to try TradeStation if you prefer trading on US markets.

TradeStation
Summary TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body.
Fees score 4.1 stars
Recommended for Traders focusing on US markets and buy-and-hold investing

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Firstrade alternatives
Interactive Brokers

Interactive Brokers, one of the biggest US-based discount brokers, was founded in 1977. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

Given that the broker has licenses from multiple top-tier regulators, has a long track record and publicly disclosed financials while being listed on a stock exchange; it all points towards IB being a safe service provider.

IB currently offers high interest on cash balances in several currencies for investors with assets over $10,000.

Interactive Brokers recently launched a new app for global stock trading: GlobalTrader is a simple platform where you can trade stocks and ETFs. If you are looking to trade only those two assets, GlobalTrader is the solution for you, since you will not get distracted with the other unnecessary information about other asset classes. In addition, you will have a more convenient time navigating through its simple user interface. It is also easier and quicker to create a GlobalTrader account than to create an Interactive Brokers account.  Read our review of IBKR GlobalTrader

In addition, Interactive Brokers also has an app you can use for ESG investing: read our review of IMPACT by Interactive Brokers.

Recommended for traders looking for broad market access and a professional trading environment

Pros
Cons
Low trading fees and high interest (up to 4.58% for USD) on cash balances
Complicated account opening process
Wide range of products
Complex desktop trading platform
Many great research tools
Understaffed customer service

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Fees
4.4

Interactive Brokers has low trading fees and the best margin rates in the industry. IB currently pays interest (up to 4.58% for USD) on cash balances if you have a $100k account (net asset value). For US clients, stock and ETF trading is free if they choose the Lite plan.
Pros
Cons
Low trading fees
None
Free stock and ETF trading for US clients
Low margin rates
Firstrade vs. Interactive Brokers: Trading fees
Interactive Brokers Firstrade
Apple benchmark fee $2.3 $0.3
Vodafone benchmark fee $8.2 -
EURUSD benchmark fee $14.8 -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
3.2

IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated and account verification takes relatively long.
Pros
Cons
Fully digital
Not user-friendly
No minimum deposit for most account types
Firstrade vs. Interactive Brokers: Minimum deposit, time to open an account
Interactive Brokers Firstrade
Minimum deposit $0 $0
Time to open account 1-3 days 1-3 days

If you are interested more in Interactive Brokers minimum deposit, this overview will help you.

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Deposit and withdrawal
3.0

Interactive Brokers offers several account base currencies and one free withdrawal per month. The main drawback is that you can only use bank transfer.
Pros
Cons
No deposit fee
Credit/Debit card not available
Several account base currencies
First withdrawal free each month
Firstrade vs. Interactive Brokers: Withdrawal options
Interactive Brokers Firstrade
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
3.8

The Interactive Brokers web platform is simple and easy to use, even for beginners, however there are some minor but annoying glitches.
Pros
Cons
User-friendly
User experience could be better
Clear fee report
Two-step (safer) login
Web trading platform of Interactive Brokers, a Firstrade alternative
Firstrade vs. Interactive Brokers: Trading platform scores
Interactive Brokers Firstrade
Web platform score 3.8 stars 4.3 stars
Mobile platform score 3.5 stars 3.8 stars
Desktop platform score 3.8 stars -

Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.

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Markets and products
5.0

At Interactive Brokers, you have access to an extremely wide range of markets and all product types are available.
Firstrade vs. Interactive Brokers: Markets and products
Interactive Brokers Firstrade
Stocks Yes Yes
ETFs Yes Yes
Forex Yes No
Funds Yes Yes
Bonds Yes Yes
Options Yes Yes
Futures Yes No
CFDs Yes No
Crypto Yes Yes

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Verdict

Interactive Brokers is one of the biggest US-based lowest spread brokers, regulated by several top-tier regulators globally. We recommend this broker both for advanced traders and for everyday investors who want to have access to many stock markets.

On the plus side, IB offers very low fees, a vast range of markets and products, and diverse research tools. IB currently also pays a high interest on cash balances in several currencies.

There are some drawbacks, however. We weren't satisfied with the quality of the customer service and the account opening process is complicated. Unlike the web and mobile platforms, the desktop platform is complex and hard to get a handle on, especially for beginners.

If you have experience navigating complex platforms and enjoy transparent, low-cost trading, Interactive Brokers is a great fit for you.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Fees score 4.4 stars
Recommended for Traders looking for broad market access and a professional trading environment

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Firstrade alternatives
TD Ameritrade

If you are an experienced trader looking for solid research and a well-equipped desktop trading platform, we definitely recommend TD Ameritrade.

Founded in 1975, TD is one of the biggest US-based stockbrokers and is regulated by top-tier authorities like the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC).

This online broker is considered safe as it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials and is overseen by top-tier regulators.

Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform

Pros
Cons
Low trading fees (free stock and ETF trading)
You can trade only on US markets
Superb desktop trading platform
Accounts mostly limited to US residents
Great customer support
No credit/debit cards and electronic wallets for money transfer

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Fees
4.1

TD Ameritrade offers free stock and ETF trading, while forex, bond and options fees are also low. On the other hand, it charges high fees for non-free funds and futures.
Pros
Cons
Low trading fees
High fund fees
Low non-trading fees
Free stocks and ETFs
Firstrade vs. TD Ameritrade: Trading fees
TD Ameritrade Firstrade
Apple benchmark fee $0.3 $0.3
Vodafone benchmark fee - -
EURUSD benchmark fee $14.1 -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
4.0

TD Ameritrade offers many different account types and there is no minimum deposit for US citizens.
Pros
Cons
Fully digital
None
No minimum deposit
Many account types
Firstrade vs. TD Ameritrade: Minimum deposit, time to open an account
TD Ameritrade Firstrade
Minimum deposit $0 $0
Time to open account 1-3 days 1-3 days

If you are interested more in TD Ameritrade minimum deposit, this overview will help you.

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Deposit and withdrawal
2.2

The account funding is user-friendly with no deposit fees; however, USD is the only available base currency and wire transfers incur a high fee.
Pros
Cons
Free withdrawal
Credit/Debit card not available
No deposit fee
Only one account base currency
User-friendly
High withdrawal fee for wire transfers
Firstrade vs. TD Ameritrade: Withdrawal options
TD Ameritrade Firstrade
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.3

TD Ameritrade offers a good web trading platform with a clean design. On the flip side, the platform is not customizable.
Pros
Cons
User-friendly
Limited customizability (for charts, workspace)
Two-step (safer) login
Good variety of order types
Web trading platform of TD Ameritrade, a Firstrade alternative
Firstrade vs. TD Ameritrade: Trading platform scores
TD Ameritrade Firstrade
Web platform score 4.3 stars 4.3 stars
Mobile platform score 4.8 stars 3.8 stars
Desktop platform score 4.5 stars -

Learn more about TD Ameritrade's web trading platform in the detailed TD Ameritrade review.

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Markets and products
3.9

You can trade many asset classes, from stocks to futures and forex, while nice extras include social trading and robo-advisory. On the other hand, only the US market is covered.
Firstrade vs. TD Ameritrade: Markets and products
TD Ameritrade Firstrade
Stocks Yes Yes
ETFs Yes Yes
Forex Yes No
Funds Yes Yes
Bonds Yes Yes
Options Yes Yes
Futures Yes No
CFDs No No
Crypto Yes Yes

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Verdict

TD is one of the biggest US online brokers and it charges no commission on stock and ETF trades.

Research and education are outstanding, the thinkorswim desktop platform is one of the best on the market, and customer service is great.

There are a few drawbacks, most notably high margin rates, and the fact that credit/debit cards and electronic wallets are not accepted for money transfers. Furthermore, the product portfolio covers only US markets.

We definitely recommend giving TD a try, especially as their education tools include a demo account.

TD Ameritrade
Summary TD Ameritrade is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background as part of the TD Group. The brokerage was acquired by Charles Schwab Corporation in 2020. Client account conversion is expected between April and September of 2023.
Fees score 4.1 stars
Recommended for Investors and traders looking for solid research and a well-equipped desktop trading platform

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Firstrade alternatives
E*TRADE

E*TRADE is a US-based stockbroker founded in 1982. It is regulated by top-tier financial authorities such as the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

E*TRADE is considered safe because it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials, and is overseen by top-tier US regulators.

In February 2020, E*TRADE was acquired by Morgan Stanley. To find out more about the motives behind the acquisition and about the wider market context, check out our article about the deal.

Recommended for investors and traders looking for solid research and a great mobile trading platform

Pros
Cons
Low trading fees (free stock and ETF trading)
Only US markets, no forex
User-friendly mobile trading platform
Only bank transfer
Great research tools
No email or live chat

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Fees
4.1

E*TRADE offers free stock and ETFs trades; some bonds and mutual funds are also free to trade. Non-trading fees are low. On the negative side, fees for mutual funds that aren't free are high.
Pros
Cons
Free stock and ETF trading
High fees for non-free mutual funds
Some mutual funds and bonds are free
Low non-trading fees
Firstrade vs. E*TRADE: Trading fees
E*TRADE Firstrade
Apple benchmark fee $0.3 $0.3
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
4.2

Account opening at E*TRADE (only available for US clients) is fully digital and user-friendly, but the account verification process is slow.
Pros
Cons
Fully digital
Slow account verification
No minimum deposit
User-friendly
Firstrade vs. E*TRADE: Minimum deposit, time to open an account
E*TRADE Firstrade
Minimum deposit $0 $0
Time to open account 1-3 days 1-3 days

If you are interested more in E*TRADE minimum deposit, this overview will help you.

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Deposit and withdrawal
2.2

E*TRADE charges no deposit fees and transferring money is easy. On the negative side, you can only use bank transfer and there is a high fee for wire transfer withdrawals.
Pros
Cons
No deposit fee
Credit/Debit card not available
User-friendly
High fee for wire transfer withdrawal
Firstrade vs. E*TRADE: Withdrawal options
E*TRADE Firstrade
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.5

E*TRADE has a great, user-friendly web trading platform, offering a clear fee report. On the negative side, it cannot be customized.
Pros
Cons
User-friendly
Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Web trading platform of E*TRADE, a Firstrade alternative
Firstrade vs. E*TRADE: Trading platform scores
E*TRADE Firstrade
Web platform score 4.5 stars 4.3 stars
Mobile platform score 4.5 stars 3.8 stars
Desktop platform score - -

Learn more about E*TRADE's web trading platform in the detailed E*TRADE review.

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Markets and products
2.9

You can trade plenty of asset classes at E*TRADE from stocks to futures, but only on the US market; in addition, forex trading is not available.
Firstrade vs. E*TRADE: Markets and products
E*TRADE Firstrade
Stocks Yes Yes
ETFs Yes Yes
Forex No No
Funds Yes Yes
Bonds Yes Yes
Options Yes Yes
Futures Yes No
CFDs No No
Crypto Yes Yes

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Verdict

E*TRADE is one of the biggest US stockbrokers and is regulated by top-tier authorities.

E*TRADE offers commission-free trading for stocks and ETFs. The research functions are of high quality and channel a lot of tools, including trading ideas and strategy builders. We liked the easy handling and the customizable features of the mobile trading platform.

E*TRADE has some drawbacks though. It doesn't accept credit/debit cards and electronic wallets for money transfers and its product portfolio covers only US markets. In addition, its customer service lacks email or live chat and is not available 24/7.

As trading fees are generally low, research tools are great and no inactivity fee is charged, feel free to try E*TRADE.

E*TRADE
Summary E*TRADE is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background.
Fees score 4.1 stars
Recommended for Investors and traders looking for solid research and a great mobile trading platform

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Firstrade alternatives
Firstrade

Firstrade is a US discount stockbroker regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). The company was founded in 1985 under the name First Flushing Securities.

Firstrade is considered safe because it has a long track record and is overseen by top-tier regulators.

Recommended for beginners and investors looking for zero-commission trading, focusing on the us market

Pros
Cons
Free stock, ETF, fund and options trading
No credit/debit cards and electronic wallets for money transfer
Solid research tools
You can trade only on US markets
Quality educational tools
No live chat or 24/7 availability

Fees
4.4

Firstrade has low fees. It offers free stock, ETF, funds, and options trading with low non-trading fees. However, margin rates are high.
Pros
Cons
Low trading fees
High margin rates
Low non-trading fees
Free stock, ETF, fund and options trading
Firstrade alternatives trading fees
Firstrade TradeStation Interactive Brokers TD Ameritrade E*TRADE
US stock $0.0 $0.0 $1.0 $0.0 $0.0
UK stock - - $3.7 - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

Account opening
4.2

Account opening is fully digital and user-friendly, and is open to some international customers as well. On the flip side, the process was slow for us, taking almost 3 business days.
Pros
Cons
Fully digital
Slow account verification
No minimum deposit
Low minimum deposit
Firstrade alternatives minimum deposit and account open times
Firstrade TradeStation Interactive Brokers TD Ameritrade E*TRADE
Minimum deposit $0 $0 $0 $0 $0
Time to open account 1-3 days 1 day 1-3 days 1-3 days 1-3 days

Learn more about Firstrade minimum deposit here.

Deposit and withdrawal
2.2

We liked Firstrade's user-friendly deposit and withdrawal process. There is no deposit fee and transferring money is easy. At the same time, there is still room for improvement: you can use only bank transfers and a high fee is charged for wire transfer withdrawals.
Pros
Cons
No deposit fee
Credit/Debit card not available
User-friendly
Only one account base currency
High outgoing wire transfer fee
Firstrade and alternatives withdrawal options and fees
Firstrade TradeStation Interactive Brokers TD Ameritrade E*TRADE
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $0 $0 $0 $0 $0

Web trading platform
4.3

Firstrade's web platform has a straightforward design, making it easy to use even for beginners. On the negative side, it lacks a two-step login and the customizability of the main sections is quite limited.
Pros
Cons
User-friendly
No two-step (safer) login
Clear fee report
Good search function
Firstrade - Web trading platform
Firstrade and alternatives trading platform scores
Firstrade TradeStation Interactive Brokers TD Ameritrade E*TRADE
Web platform score 4.3 stars 3.8 stars 3.8 stars 4.3 stars 4.5 stars
Mobile platform score 3.8 stars 4.8 stars 3.5 stars 4.8 stars 4.5 stars
Desktop platform score - 2.3 stars 3.8 stars 4.5 stars -

Learn more about Firstrade's web trading platform in the detailed Firstrade review.

Markets and products
3.2

Firstrade offers a good variety of asset classes, from stocks to options. However, the products cover only the US market and you cannot trade futures or forex.
Firstrade and alternatives markets and products
Firstrade TradeStation Interactive Brokers TD Ameritrade E*TRADE
Stocks Yes Yes Yes Yes Yes
ETFs Yes Yes Yes Yes Yes
Forex No No Yes Yes No
Funds Yes Yes Yes Yes Yes
Bonds Yes Yes Yes Yes Yes
Options Yes Yes Yes Yes Yes
Futures No Yes Yes Yes Yes
CFDs No No Yes No No
Crypto Yes Yes Yes Yes Yes

Verdict

Firstrade is one of the biggest discount US stockbrokers and it is regulated by top-tier regulators.

Firstrade offers free stock, ETF, mutual funds and options trading. It doesn't charge inactivity and account fees, and there are lots of quality research and educational tools you can use.

Their services have some drawbacks, though. Firstrade doesn't accept credit/debit cards and electronic wallets for money transfer. The product portfolio covers only the US market. Customer service is only available 24/5 and you can't contact them via live chat. 

As it has low fees and no inactivity fee is charged, feel free to try Firstrade.

Firstrade
Summary Firstrade is a US discount broker regulated by the top-tier SEC and FINRA.
Fees score 4.4 stars
Recommended for Beginners and investors looking for zero-commission trading, focusing on the US market

Firstrade alternatives
Bottom line

Based on our analysis, there are several good alternatives to Firstrade. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Firstrade alternatives
Broker Info Recommended for
Firstrade US discount broker Beginners and investors looking for zero-commission trading, focusing on the US market
TradeStation US stockbroker Traders focusing on US markets and buy-and-hold investing
Interactive Brokers International broker providing all asset classes Traders looking for broad market access and a professional trading environment
TD Ameritrade US-based stockbroker Investors and traders looking for solid research and a well-equipped desktop trading platform
E*TRADE US stockbroker Investors and traders looking for solid research and a great mobile trading platform

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Adam Nasli

Author of this article

Adam is a motivated finance expert. He is one of the first hires at BrokerChooser and has since tested almost all 100+ brokers covered by BrokerChooser. Adam holds a professional degree from CEU and he helps teach finance and programming courses at his alma mater. Previously he worked in the banking sector, including at Citi Bank. He loves researching the financial industry, managing his long-term investments, and trading with algorithms.

Adam Nasli

Analyst Head

Adam is a motivated finance expert. He is one of the first hires at BrokerChooser and has since tested almost all 100+ brokers covered by BrokerChooser. Adam holds a professional degree from CEU and he helps teach finance and programming courses at his alma mater. Previously he worked in the banking sector, including at Citi Bank. He loves researching the financial industry, managing his long-term investments, and trading with algorithms.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Our top alternative brokers to Firstrade

TradeStation Interactive Brokers

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