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ETF trading at Firstrade

Your expert
Adam N.
Fact checked by
Updated
Jan 2024
Personally tested Personally tested
Data-driven Data-driven
Independent Independent

Can I buy ETFs at Firstrade as of January 2024?

Yes, you can buy ETFs at Firstrade.
BrokerChooser score
4.4 4.4 /5
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How to reduce risk with ETFs

My key findings in a nutshell
Adam
Adam Nasli
Financial Wizard | Trading • Safety • Market Analysis

I've thoroughly tested Firstrade services with our analyst team by opening a real-money account and these are my most important findings:

  • Diversification is an important aspect in investing
  • With ETFs you can easily diversify your portfolio
  • The cost of trading ETFs at Firstrade is low

One thing that keeps many investors awake at night is that they will lose money because of investing in the wrong assets. The easiest way to minimize that risk is to diversify your investments - that is, to buy as many different assets as possible, preferably across several asset types.

If that sounds like too much trouble, then ETFs, or exchange-traded funds, may just be the right investment for you. In short, ETFs are funds that invest in many different securities (often hundreds of them). By buying a single ETF, you're basically investing in all of those underlying assets. In essence, the ETF provider is doing the diversification for you.

Some ETFs focus on a specific sector, region or commodity, while others have much broader coverage. It's up to you how deep you want to diversify your holdings. And you can always diversify further by buying several different ETFs; the best brokers offer hundreds of ETFs to choose from.

Is it worth buying ETFs at Firstrade?

Yes, Firstrade is a good place to buy ETFs, because of their low costs.
Firstrade main highlights
💰 Firstrade ETF trading fees class Low
📃 Firstrade number of available ETFs 2,300
💰 Firstrade withdrawal fee $0
💰 Firstrade minimum deposit $0
💰 Firstrade inactivity fee No
📃 Firstrade deposit methods Bank transfer
🗺️ Country of regulation USA
🎮 Firstrade demo account provided No

Data updated on January 26, 2024

At Firstrade there is a vast amount of ETFs to choose from. This provides investors the opportunity to diversify their portfolio more easily.

At BrokerChooser, we only publish objective analyses based on live testing. Every recommendation is unbiased and based on first-hand experience: we open a live account anonymously at each broker, deposit real money and test every important feature.

To learn more, read our comprehensive guide to portfolio diversification, including pros, cons and the most popular strategies.

FAQ

Are ETFs a good investment?

ETFs are usually considered to be low-risk assets. Investing in ETFs can help in building a diversified portfolio.

Are ETFs good for beginners?

ETFs are usually considered to be low-risk assets. Investing in ETFs can help in building a diversified portfolio.

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Further reading

Author of this article

Adam Nasli

Financial Wizard | Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

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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