Firstrade is a discount online brokerage firm that is part of the first resource family of companies. It was started in 1999 and has since grown significantly in terms of assets under management. Firstrade is an online only brokerage which means that you will not find a branch office rather their customer service can be accessed anytime via phone or the Internet.
This is a plus for the Firstrade customer as their customer service is excellent. Additionally, they have spent millions on advertising and also offer free trades to college students.
Firstrade Features and Benefits
As one of the oldest brokerages in the United States, Firstrade was launched in 1977 with offices in California and became the first commission-free brokerage in 2003. The company was purchased by the forex and online trading company Interactive Brokers Group Inc. in 2013.
The online brokerage, which focuses on helping individual investors and traders master investing, was founded by big names in the investment industry, including Brad Brodsky and former ICG CEO, Thomas Peterffy. The site offers a number of affordable and efficient investment tools and resources while maintaining a simple and streamlined process for investing online.
Firstrade offers the industry’s most comprehensive free stock-trading program, with no commissions, no account minimum and no hidden fees on stock trades. It provides a colorful online trading platform with an easy-to-use navigation, with advanced features like favorite trading screens, customizable charting capabilities, advanced trade ticket, watch list management, news and research services and more.
It is a popular online destination for users seeking a reliable platform that makes it easy to learn how to trade shares and monitor portfolios. Here’s a rundown of the main features and benefits of Trading with Firstrade