PROS / There are no annual account fees, and you only pay a small fee for each online trade.
CONS / Firstrade doesn’t support automated trading.
VERDICT / Firstrade's mobile apps and customizable tools give you extensive access to your stocks and research.
Through Firstrade, you can get a technical analysis of stock trends, mutual funds and ETFs with customizable tools. This stock analysis software is available as an app for your phone or tablet, so you have even more access to the markets. Although a few routing and automated features are not included, you can still quickly and easily research and trade stocks and other investments with Firstrade.
Although stock analysis is free with a free account, you pay a small fee per transaction or trade. Firstrade charges $6.95 per stock trade, which is a very reasonable price. Each broker-assisted trade also garners a fee of $19.95 per transaction. However, when you take into account that there is no annual fee for your account, a small fee per transaction is a good trade-off.
Along with stocks, you can also find information about options, mutual funds, exchange-traded funds and more. Firstrade also gives you access to the International Stock Exchange so you can trade and look at international stocks as well as U.S. stocks. You don't have access to the electronic communications network or smart order routing to the NYSE or the NASDAQ.
Firstrade has many stock analysis tools and charts. However, the tools are broken down into investments types, which makes it nice if you want to look at mutual funds instead of stocks. There are market indicators, charts, alerts and other types of customizable research features available with Firstrade. However, you can't place automated trades, so you have to place those the old-fashioned, manual way. There are mobile apps as well so you can trade and utilize stock trend analysis features on your iPhone, iPad or Android device, too.
There are many different ways to contact this stock charting software company for help and support. There are multiple phone numbers with varying hours of service on weekdays and weekends. You can also send Firstrade an email or start up a live chat session. Live chat is only available between 9 AM and 9 PM Eastern time, however.
Stock chart analysis is hard to do on your own. Firstrade can make it easier by relaying real-time quotes, providing stock reports over time, giving alerts for your favorites and presenting general market news. You have to place trades manually, but other than that, Firstrade is very easy to use.