Firstrade vs MEXEM compared

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

Firstrade
MEXEM

Last update of dataNov 2022

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.

MEXEM

Mexem is an European-based global stockbroker for traders and investors. It is an introducing broker of Interactive Brokers IE, which is regulated by the Central Bank of Ireland.

Recommended for investors and traders looking for low fees and sophisticated trading platforms.

Firstrade's service is on par with MEXEM's and a comparison of their fees shows that Firstrade's fees are slightly lower than MEXEM's.

Account opening takes somewhat more effort at Firstrade compared to MEXEM, deposit and withdrawal processes are more complicated at Firstrade, while customer service quality is considerably lower than MEXEM's.

Our experts rated the trading platform of Firstrade as being of the same quality as the platform of MEXEM, found that clients have access to less markets and products with Firstrade, while MEXEM provides somewhat lower-quality research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.5

Recommended for Beginners and investors looking for zero-commission trading, focusing on the US market

Overall Score
4.5

Recommended for Investors and traders looking for low fees and sophisticated trading platforms

Country of origin

USA

Country of origin

Belgium

Fees

Fees score
4.4
Fees score
3.8
Fees summary

Low trading and non-trading fees, free stock, ETF, fund and options trading

Fees summary

Average trading and non-trading fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
2.2
Deposit and withdrawal score
3.5
Number of base currencies

1

Number of base currencies

23

Deposit type

Withdrawal type

Account opening

Account opening score
4.2
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$0

*
Time to open account

1-3 days

Time to open account

1 day

Required documents

Proof of identity: SSN / passport / national ID card / driver's license

Required documents

Proof of identity: national ID / passport / driver's license Proof of residency: Bank statement / utility bill / credit card statement / notarized document

Trading platform

Web platform score
4.3
Web platform score
4.3
Mobile platform score
3.8
Mobile platform score
3.5
Desktop platform score
-
Desktop platform score
3.5

Markets and products

Markets and products score
3.2
Markets and products score
4.9
Stocks
*
*
Stocks
Fractional shares
Fractional shares
*
*
ETFs
ETFs
Forex
Forex
Funds
*
*
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
*
*
Crypto
CFDs
CFDs

Research, education

Research score
4.8
Research score
4.3
Charting quality

Great

Charting quality

Great

Education score
3.5
Education score
4.5
Demo account
Demo account

Customer service

Customer service score
1.1
Customer service score
4.5
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Investor protection amount

€20,000 per account

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1985

Foundation date

2018

Country of regulation

USA

Country of regulation

Ireland (IBIE), Cyprus (MEXEM)

Firstrade

For detailed information and hands-on experience, read our review of this broker.

MEXEM

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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.

Brokers displayed might not be available in United States.

×