Zero fees on nearly everything, built for patience over speed.
Firstrade scores 65 out of 100 across five pillars, 20 points each.
Firstrade fees broken down for 2026: $0 stock, ETF and options commissions, the real per-contract charges, margin rates, and where free pricing hits limits.
Read the full Firstrade teardownFirstrade scores 65: one of the few brokers charging nothing on options contracts, built for patient investors rather than fast traders. Stocks, ETFs, options and mutual funds all trade at $0, FirstradeGPT and Market Buzz add AI research at no cost, and overnight trading runs Sunday through Friday. Users call the app plain in the best way. Price-to-Value leads at 16. Community Verdict trails at 9, because a 4.7 App Store rating sits next to a 1.8 on Trustpilot and service complaints on Reddit.
Everything is $0, but you trade speed and tools for it. Firstrade suits buy-and-hold investing and simple options trades, not rapid-fire trading, and its service complaints center on account verification during withdrawals. Keep your documents handy.
Hover, tap, or focus a card to see who we'd point at this tool — and who should walk away.
The traders who get the most out of Firstrade.
Where Firstrade is the wrong spend.
A real complaint from the trading forums, and what this tool actually does about it.
“I have concerns. Are they a Chinese company like TIKTOK?”
Source: r/Bogleheads
No. Firstrade Securities is headquartered in Flushing, New York, and says it has been a FINRA and SIPC member since 1985, with SIPC coverage up to $500,000, including $250,000 for cash. SIPC protects custody if a brokerage fails, not market losses. The better question for most people is fit: Firstrade suits simple, long-term investing far better than fast trading.
Sentiment pulled from three independent sources, kept separate so you can weigh each one yourself.
1.8 from 53 reviews“The mobile app is clean and intuitive, making it easy to trade without commission fees. Option chains are clearly laid out, and selecting specific contracts is quick and straightforward.”Read the original on Trustpilot →
1.8 from 53 reviews“While the platform isn’t ideal for building complex multi-leg strategies, it works perfectly for simple options trading. The learning curve is minimal and execution is smooth.”Read the original on Trustpilot →
1.8 from 53 reviews“Excellent and I have 3 brokers FT is my favorite one been customer for 10 years”Read the original on Trustpilot →
Every quote is real and traceable. How we source them →
$0 commission
Stocks, ETFs and 11,000+ mutual funds. Regulatory fees can still apply.
$0 commission, $0 contract fees
No per-contract fee on options trades.
No minimum, no inactivity fee
Brokerage and IRA accounts, with fractional shares from $5.
Included
AI research copilot plus Market Buzz sentiment scores and signals.
Prices change. Check the vendor’s page before you buy.
One email a week. What we tested, what scored, and what we'd skip. Written for traders, not for clicks.
Firstrade scores 65: one of the few brokers charging nothing on options contracts, built for patient investors rather than fast traders.
