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Firstrade Review

PROS / Firstrade offers extended trading hours.

CONS / The education resources are not as extensive as other services we reviewed.

 VERDICT / With extended trading hours and competitive fees, Firstrade is a good online brokerage to help you build your investment portfolio.

Firstrade offers online stock trading, exchange-traded funds, bonds, mutual funds and option trading. Online trading fees are $6.95, and broker-assisted trades cost $19.95. Extended trading hours is one key feature Firstrade offers. The extended hours means that you can make trades before or after traditional market hours. You can react to news and reports before the market opens from 8:05 a.m. to 9:25 a.m. and after hours from 4:05 p.m. to 5:25 p.m. Eastern time.

Firstrade Visit Site

The online stock trading dashboard is simple and organized into two columns. The first column shows your account information. In this column, you can view your account balances and the status of any orders. You can organize this column by dragging and dropping charts where you want them. It's possible to view multiple accounts at once, and you can see charts on your account's performance. The second column helps you monitor the market. Here you can view top stories and monitor gains and losses in the market. Both columns are customizable to help you make informed trades. There's also a quick bar at the bottom of your screen no matter where you go on the Firstrade site that allows you to get quick information and make trades without having to navigate away from your current page or opening another tab.

  1. The lowest cost for a stock trade.
    Lower is Better
  2. 9 Firstrade
    $6.95
  3. $4.95
  4. $7.95
  5. $4.95
  6. Category Average
    $7.59

In addition to the computer-based platform, Firstrade offers free iPhone and Android apps. Both apps allow to you view your account dashboard, buy stocks online and monitor newsfeeds.

The education center offers four tools to help you choose the best investment strategy. An investment glossary provides clarification on trading and investing terms you come across. The tax guide explains how rules set by the government affect your investments. A thorough understanding of taxes related to online trading can help you chose the best investing strategy. The investment strategy guides offer detailed information on trading stocks online and outlines different investing strategies. These guides compare benefits and drawbacks of commonly used strategies to help you determine which strategy is a good fit for your portfolio. The last guide is about margin loans. This guide discusses the risks of margin investing and the benefits of adding it to your portfolio. While these educational resources are useful, Firstrade doesn't offer as many in-depth resources as the best online stock trading companies do.

Summary

Firstrade offers a variety of investment options to help you build your portfolio. Prices for online trading and broker-assisted trading are competitive when compared to other online stock brokers. Extended trading hours is a unique feature that allows you to place your trades before the market opens or after it has closed. The trading platform is simple and available on iPhone and Android apps.

Firstrade Visit Site