Compare Firstrade vs Halifax


Online brokers compared for fees, trading platforms, safety and more. See how Firstrade stacks up against Halifax!

Firstrade vs Halifax
overall rating
4.4
4.0
overall pros
  • Free stock, ETF, fund, and options trading
  • Solid research tools
  • Quality educational tools
  • Low non-trading fees
  • Good options for deposits and withdrawals
  • Quick and easy account opening
overall cons
  • No credit/debit cards and electronic wallets for money transfer
  • You can trade only on US markets
  • No live chat or 24/7 availability
  • High stock trading fees
  • Limited web-based platform
  • No mobile or desktop platforms
fees
4.7
  • Low trading fees
  • Low non-trading fees
  • Free stock, ETF, fund and options trading
  • High margin rates
2.2
  • Low non-trading fees
  • No withdrawal fee
  • No inactivity fee
  • High trading fees
  • High stock and ETF fees
account opening
4.4
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Slow account verification
4.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Not user-friendly
  • Only for UK residents
deposit and withdrawal
2.0
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • High outgoing wire transfer fee
3.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Only one account base currency
  • Slow withdrawal - over 3 days
  • Electronic wallets not available
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
3.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
  • No research capabilities in the portal
mobile trading platform
3.3
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
  • Mutual funds and bonds are not covered
desktop trading platform
markets and products
2.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
3.0
  • Stock
  • ETF
  • Fund
  • Investment Trusts
research
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
3.5
  • Trading ideas
  • Data on asset fundamentals
  • Research tools not integrated into web trading platform
customer service
0.3
  • Email support
  • No live chat
  • No 24/7 support
  • Slow support
  • Irrelevant answers
  • Phone support didn't connect anyone
3.0
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
  • No response to email
education
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • High level of investor protection
  • Banking background
  • All clients belong to a top-tier financial authority
recommended for Beginners and investors looking for zero-commission trading, focusing on the US market Beginners and long-term investors
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