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Written by: Adam N. Updated: Dec 2022
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Overview of Firstrade fees and charges

It's safe to say that Firstrade's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Firstrade even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of Firstrade's fees

Firstrade Fees snapshot
Assets Fee level Fee terms
US stock fee Low $0 per trade
EURUSD fee - Not available
US tech fund fee Low $0 per trade
Inactivity fee Low No inactivity fee

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Firstrade fees
Firstrade fees explained

We compare Firstrade fees with its closest competitors, TradeStation and Interactive Brokers.

Firstrade fees
Firstrade trading fees

Firstrade's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).

Let's break down the trading fees into the different asset classes available at Firstrade.

Trading fees

Firstrade's trading fees are low.

Stock fees and ETF fees

Firstrade has low stock trading fees.

Stock fees of a $2,000 trade
Firstrade TradeStation Interactive Brokers
US stock $0.0 $0.0 $1.0
UK stock - - $3.7
German stock - - $3.2

Fund fees

Firstrade fund fees are low.

A $2,000 fund buy fees
Firstrade TradeStation Interactive Brokers
Mutual fund $0.0 $15.0 $15.0
EU mutual fund - - $4.4

Bond fees

Firstrade has low bond fees.

Bond fees of a $10,000 trade
Firstrade TradeStation Interactive Brokers
US Treasury bond $0.0 $20.0 $5.0
EU government bond - - $10.0

Options fees

Firstrade's options fees are low.

Stock index options fees of 10 contracts
Firstrade TradeStation Interactive Brokers
US stock index options $0.0 $6.0 $6.5
UK stock index options - - $21.1
German stock index options - - $18.2

Financing rates

Firstrade financing rates are .

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

Firstrade yearly financing rates
Firstrade TradeStation Interactive Brokers
Apple CFD financing rate - - 5.3%
Vodafone CFD financing rate - - 4.5%
EURUSD financing rate - - 2.7%
EURGBP financing rate - - 2.1%

Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.

Firstrade fees
Firstrade non-trading fees

When it comes to looking at all the non-trading fees Firstrade is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at Firstrade that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how Firstrade stacks up in non-trading fees
Firstrade TradeStation Interactive Brokers
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No Yes No
Account fee No No No

Firstrade fees
Firstrade deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Firstrade is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Firstrade offers.

Firstrade deposit methods
Firstrade TradeStation Interactive Brokers
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No No
Deposit fee $0 $0 $0

Firstrade fees
Firstrade withdrawal fee

Unlike some online brokers we have reviewed Firstrade does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

Firstrade withdrawal fees and options compared
Firstrade TradeStation Interactive Brokers
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No No
Withdrawal fee with bank transfer $0 $0 $0

Firstrade fees
Firstrade inactivity fee

Firstrade does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

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

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