Firstrade vs Passfolio compared

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

Firstrade
Passfolio
Firstrade
4.3
Passfolio
4.5

Last update of dataSep 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.

Passfolio

Passfolio is a US-based commission-free stockbroker focusing on Brazil. It is regulated by both FINRA and SEC, and is available globally for clients.

Recommended for beginners and long-term investors focusing on the US stock market.

Firstrade's service is on par with Passfolio's and a comparison of their fees shows that Firstrade's fees are similar to Passfolio's.

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

Our experts rated the trading platform of Firstrade as somewhat worse than the platform of Passfolio, found that clients have access to about the same number of markets and products with Firstrade, while Passfolio provides much less useful 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
4.3

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

Overall Score
4.5

Recommended for Beginners and long-term investors focusing on the US stock market

Country of origin

USA

Country of origin

USA

Fees

Fees score
4.5
Fees score
4.3
Fees summary

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

Fees summary

Free stock and ETF trading, average 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
2.0
Deposit and withdrawal score
2.8
Number of base currencies

1

Number of base currencies

1

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 / residence permit

Trading platform

Web platform score
4.3
Web platform score
3.8
Mobile platform score
3.8
Mobile platform score
4.8
Desktop platform score
-
Desktop platform score
-

Markets and products

Markets and products score
2.5
Markets and products score
2.2
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
4.7
Research score
2.3
Charting quality

Great

Charting quality

Poor

Education score
3.5
Education score
2.5
Demo account
Demo account

Customer service

Customer service score
0.3
Customer service score
3.5
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

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

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

USA

Firstrade

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

Passfolio

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.

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