Pros / This platform has extended trading hours.

Cons / Firstrade lacks comprehensive educational resources.

 Verdict / The inclusion of extended trading hours and low fees makes Firstrade a good option if you are an experienced trader and don’t need educational reference materials.

Firstrade provides stock charting software that gives you access to ETFs, stock and bond trading, and other investment vehicles. Fees for this software are low, so price will not be a barrier for entry when you begin trading. Its extended trading hours let you react to changes by scheduling trades before the market opens and after it closes.

This stock trading software has a straightforward interface that is arranged into two separate columns. The first column displays your personal information, account balances and the status of your orders. The second column on your dashboard displays market information and news stories. Using drag and drop, you can customize each column to display the information that is most vital to your trade strategies and rearrange the layout.

If you need to trade on the go, you can install the Firstrade app on your iPhone or Android phone. Using these apps, you can purchase stocks and view the newsfeeds.

Fees associated with Firstrade are some of the lowest offered through stock charting software. Online fees for buying stocks are $4.95 and a broker-assisted trade costs $19.95, both of which are cheaper than the industry average. Trading hours with this platform are from 8 a.m. to 5:25 p.m. Eastern time, so you can schedule trades during the market’s off hours.

The education center is the main area where this otherwise top trading software is lacking. There is an investment glossary, so you can familiarize yourself with trading terms, and a tax guide. There is also an investment strategy guide and a margin loan guide. While these guides are useful and informative, the education center lacks more in-depth resources. Many of the best stock charting software companies offer videos and step-by-step tutorials to users, so it’s disappointing not to see similar resources in Firstrade’s platform.

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  • Stock Trades
  • 10 Option Contracts
  • Broker-Assisted Stock Trades
  1. The lowest cost for a stock trade.
    Lower is Better.
  2. 10  Firstrade
    $4.95
  3. $4.95
  4. $4.95
  5. $6.95
  6. Category Average
    $5.56

Summary

Firstrade stands out because of its easy-to-use platform and its extended trading hours. However, it lacks in-depth educational resources, so if you are new to investing this platform may not be the best option for your needs.

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