Compare Firstrade vs IG

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

Firstrade vs IG
open account	Open account	Open account 74-89% of retail CFD accounts lose money
overall rating	4.4	4.5
overall pros	Free stock, ETF, fund and options trading Solid research tools Quality educational tools	First-class web trading platform Superb educational tools Great deposit and withdrawal options
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 forex and stock CFD fees Limited product portfolio Slow customer support
fees	4.7 Low trading fees Low non-trading fees Free stock, ETF, fund and options trading High margin rates	2.7 No withdrawal fee Inactivity fee charged only after 2 years High forex fees High stock CFD trading fees
account opening	4.4 Fully digital No minimum deposit Low minimum deposit Slow account verification	4.4 Fully digital Low minimum deposit No minimum deposit for bank transfer Slower account opening
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	4.5 Credit/Debit card available Free withdrawal No deposit fee
web trading platform	4.3 User-friendly Clear fee report Good search function No two-step (safer) login	5.0 User-friendly Clear fee report Two-step (safer) login
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	5.0 User-friendly Good search function Touch/Face ID login
desktop trading platform
markets and products	2.8 Stock ETF Fund Bond Options	4.0 ETF Forex Options CFD Crypto Stocks in some countries Robo-advisory in UK IPOs
research	4.8 Good interactive chart Trading ideas Data on asset fundamentals	3.5 Good interactive chart Trading ideas User-friendly No fundamental data available
customer service	0.3 Email support No live chat No 24/7 support Slow support Irrelevant answers Phone support didn't connect anyone	3.6 Phone support Relevant answers No 24/7 support Live chat is often offline
education	3.5 Trading platform tutorial Educational videos No demo account	5.0 Demo account Trading platform tutorial Educational videos
safety	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	Majority of clients belong to a top-tier financial authority Listed on stock exchange Negative balance protection Does not hold a banking license
recommended for	Beginners and investors looking for zero-commission trading, focusing on the US market	Traders of any experience level looking for an easy-to-use trading platform

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