Overview of Firstrade fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

  • Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
  • it denotes the difference between the bid and ask price. When you trade forex, spreads can make up a significant part of your trading costs.
  • Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
  • Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

Now, let's dive into the details and see what commissions, spreads, and financing rates Firstrade charges.

Firstrade commission and other fees
Firstrade commission and other trading fees

The good news is that Firstrade has low trading fees in general. We ranked the fees of Firstrade as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether Firstrade commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of Firstrade commission and other trading fees
Firstrade Chase You Invest Vanguard
Stock and ETF Low Low Low
Forex - - -
Fund Low Low High
Bond Low Low Low
Options Low Low Low
Futures - - -

Now let's go over the trading fees for each asset class one by one.

Firstrade stock and ETF commissions, spreads

Firstrade stock and ETF commissions are low. Firstrade stock and ETF commissions are charged as per the table below.

Firstrade stock and ETF commission
Firstrade
US stock $0 per trade

You can compare Firstrade stock and ETF fees with the two closest competitors.

Firstrade stock and ETF commission, spreads vs competitors
Firstrade Chase You Invest Vanguard
US stock $0.0 $0.0 $7.0

Stock and ETF commissions are calculated for a $2,000 trade

Firstrade fund commissions

Firstrade fund commissions are low. The table below shows how Firstrade fund commissions are calculated.

Firstrade fund commissions
Firstrade
Mutual fund $0 per trade

Check out how Firstrade fund fees compare with the competition.

Firstrade fund commissions
Firstrade Chase You Invest Vanguard
Mutual fund $0.0 $0.0 $20.0

Fund commissions are calculated for a $2,000 trade

Firstrade bond commissions

Firstrade bond commissions are low. The table below contains the description of Firstrade bond commissions.

Firstrade bond commissions
Firstrade
US Treasury bond Net Yield Basis for treasury, corporate, municipal, agencies, secondary CDs and zero bonds and $30 min for primary CD. Net Yield Basis means Firstrade acts as principal whereby the bonds will be subject to a markup or markdown.

See how Firstrade bond fees stack up against the competition.

Firstrade bond commissions vs competitors
Firstrade Chase You Invest Vanguard
US Treasury bond $0.0 $0.0 $0.0

Bond commissions are calculated for a $10,000 trade

Firstrade options commissions

You can see below the description of Firstrade options commissions. Firstrade options fees are low.

Firstrade options commissions
Firstrade
US stock index options $0 per trade
US stock options $0 per trade

Compare options commissions charged by Firstrade with those of Chase You Invest and Vanguard.

Firstrade options commissions vs competitors
Firstrade Chase You Invest Vanguard
US stock index options $0.0 $6.5 $10.0
US stock options $0.0 $0.7 $10.0

Options commissions are calculated for 10 contracts

Firstrade commission and other fees
Firstrade non-trading fees

In addition to trading fees, it's important to see if Firstrade charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by Firstrade with its two closest competitors.

Firstrade non-trading fees vs competitors
Firstrade Chase You Invest Vanguard
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0
Account fee No No No
Inactivity fee No No No

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

Firstrade commission and other fees
Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by Firstrade and its closest competitors. To learn more about Firstrade, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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

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