Firstrade: Fees, Features, and More (2025)

Firstrade focuses on straightforward, low‑cost trading with a few notable perks: $0 commissions on stock, ETF, and options contracts, bond and CD access, and a library of 4,000+ mutual funds (more than 700 with no transaction fee). The web‑based platform supports margin and IRA accounts, requires no minimum deposit, and clears through Apex—making Firstrade a lean alternative for self‑directed investors who value fee transparency and a broad, traditional product lineup.

Detailed feature breakdown for Firstrade brokerage (2025)
Feature
Website https://www.firstrade.com/
Broker Type Discount
Trading: Stock & ETF? Yes
ETF & Stock commission No fee
Fractional Shares? No
Percent Allocations? No
Crypto Trading? No
Crypto Fees not applicable
Options Trading? Yes
Options Fee No fee
Bond Trading Available? Yes
Pays for Order Flow (PFOF)? Yes
Interface: Web trading? Yes
Desktop trading? No
API Trading? No
Mutual Funds: Offered? Yes
Total Mutual Funds Over 4,000
NTF Mutual Funds Over 700
Non-NTF Fund Fee $19.95
Early Redemption Fee? Yes
Redemption Hold (Days) 90 days
Early Redemption Fee $19.95
Accounts: Margin Accounts? Yes
IRAs Offered? Yes
HSAs Offered? No
Money Market Sweep? No
CDs Offered? Yes
Robo-Advisor: Offered No
Robo-Advisor Service none
Robo-Advisor Fes not applicable
Basics: Headquarters Flushing, NY
Year Founded 1985
Clearing Firm Apex Clearing
Local Branches? No
New Account Minimum $0

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