Firstrade Logo

Does Firstrade have a custody fee?

Your expert
Adam N.
Fact checked by
Updated
2w ago
Personally tested
Data-driven
Independent

Does Firstrade charge a custody fee as of May 2024?

No, Firstrade does not charge a custody fee.

At BrokerChooser, we only publish objective analyses based on live testing. Every recommendation is unbiased and based on first-hand experience: we open a live account anonymously at each broker, deposit real money and test every important feature.

Firstrade is a US discount broker regulated by the top-tier SEC and FINRA.

BrokerChooser score
4.4 4.4 /5
Visit broker

What is a custody fee?

A custody fee is typically a percentage-based fee that some brokers charge for the safekeeping of certain assets, such as stocks, bonds or ETFs. The fee is calculated based on the value of the positions you are holding.

To learn more about Firstrade's fees and charges, read our article about Firstrade's fee structure.

If you are interested in Firstrade in general, check our comprehensive review.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

Further reading

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.

author image
Adam Nasli
Author of this article
I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.
Media mentions
×
I'd like to trade with...