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Are non-trading fees low at Firstrade?

Your expert
Adam N.
Fact checked by
Updated
Dec 2024
Personally tested
Data-driven
Independent

Are non-trading fees low at Firstrade?

Yes, non-trading fees at Firstrade are considered to be low.

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 non-trading fees summary

Firstrade non-trading fees highlights
💰 Firstrade custody fee No custody fee, except for ADRs
💰 Firstrade account fee No account fee
💰 Firstrade inactivity fee No inactivity fee
💰 Firstrade withdrawal fee $0
💰 Firstrade deposit fee $0
🗺️ Country of regulation USA

Data updated on December 18, 2024

Overall score
4.1/5
Minimum deposit
$0
Stock fee
Low
Options fee
Low
Inactivity fee
no
Account opening
1-3 days
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What are non-trading fees?

Non-trading fees are charges associated with activities other than trading at your brokerage account. They typically include the following: custody fee, conversion fee, account fee, inactivity fee, withdrawal fee and deposit fee. The amount that different brokers charge for these (if at all) can vary, so it is important to understand these fees if you want to avoid unwanted costs.

If you'd like to know more about non-trading and other fees at Firstrade, check our overview of Firstrade fees and charges.

If you are interested in Firstrade, read our comprehensive review.

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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
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.
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