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PROS:
CONS:
We decided to include Firstrade in our top ten online stock trading companies because it’s reliable and it has a good platform suitable for users of any expertise. It has competitive pricing and an excellent education center where you can learn everything you need to know about the platform and other essential information for successful trading. Firstrade offers extended trading hours which brings an added convenience of letting you be the first to spot an alluring opportunity. Its mobile app is compatible with Apple and Android devices.
Firstrade in an online stock broker allowing you to trade in bonds, stocks, mutual funds and options. It has all the tools and features needed for smooth trading. One of its main selling points is that it offers extended trading hours which means you can make trades before the market opens (8:05 a.m. to 9:25 a.m.), and before it closes (4:05 p.m. to 5:25 p.m.).
Interface and Features
The online stock trading platform is very simple and clean looking. The content is organized in two columns. The first one holds your account information and here you can keep track of your balance, order status and other important information. This section also holds your charts and analytics you can easily move around and rearrange by dragging and dropping in your desired place. Another convenience is that you can choose to see more than one account it the same window. The second column is where you can keep track of the market. Here you can view the most important info on the stock you’re monitoring, as well as view the market’s gains and losses. Having two separate columns with different functions is highly convenient. For a quick access to trades and information, you can use the bar on the bottom of your screen. This feature allows you to make trades without leaving the window you’re currently on. Aside from the online platform, Firstrade also has a free mobile app developed for Apple and Android devices. Although they don’t have the full functionality of the desktop platform, you can still make trades or monitor your account.
Features:
Firstrade has average online trading fees. The company charges $4.95 per each stock or option trade, with an additional $0.75 per option contract. If at any point you want to make a broker-assisted trade, you’re going to have to set aside $19.95 per each trade.
Email: [email protected]
Phone number: 1.800.869.8800
Website: www.firstrade.com/content/en-us/trading/overview/tools
Education Center: www.firstrade.com/content/en-us/education/overview
Facebook: www.facebook.com/firstrade
Firstrade’s education center has four different help tools to assist you in choosing the correct investment strategy. First things first, in order to fully understand the world of online trading, you need to be well versed in its terminology. If you run into any terms that are unfamiliar, you can use the investment glossary to clear any confusion. When you’re dealing with investments, it’s important to know all information about taxing and similar conditions that affect your trades. The tax guide serves as your go-to hand book on any taxing issues. Firstrade has many investment strategy guides that teach how to choose the right strategy and at what time. Different strategies are suitable with different portfolios and choosing the right one can mean the different in thousands of dollars. The education center also includes information about margin investing and whether or not it would be suitable for you.
Our editorial staff evaluates products and services independently, but Best Review Guide may earn money when you click on links. Read our advertising disclosure.
By: Tamara | Last updated June 22, 2017 
