Online brokers compared for fees, trading platforms, safety and more. See how Firstrade stacks up against Interactive Brokers!
Last update of data—Dec 2022
Firstrade is a US discount broker regulated by the top-tier SEC and FINRA.
Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Recommended for beginners and investors looking for zero-commission trading, focusing on the US market.
Recommended for traders looking for broad market access and a professional trading environment.
Firstrade
Firstrade is a US discount broker regulated by the top-tier SEC and FINRA.
Recommended for beginners and investors looking for zero-commission trading, focusing on the US market.
Interactive Brokers
Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Recommended for traders looking for broad market access and a professional trading environment.
Firstrade's service is slightly weaker than Interactive Brokers's and a comparison of their fees shows that Firstrade's fees are similar to Interactive Brokers's.
Account opening takes somewhat less effort at Firstrade compared to Interactive Brokers, deposit and withdrawal processes are somewhat more complicated at Firstrade, while customer service quality is considerably lower than Interactive Brokers's.
Our experts rated the trading platform of Firstrade as being of the same quality as the platform of Interactive Brokers, found that clients have access to less markets and products with Firstrade, while Interactive Brokers provides somewhat lower-quality research and education.
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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