FirsTrade Securities Is Really First One To Go For Trade!

Firstrade Securities was established in New York with the name of First Flushing Securities in 1985. Founded by John C, it is one of the best discount brokerages which offer investors with range of products to choose from. There are no minimum deposit requirements by the company which makes its better option for beginners. Company first offered online brokerage service in 1997 and its services have been revised five times over this period of time.

Firstrade trading accounts has two different types of trading accounts, investment and retirement. Investment accounts include Individual, Joint, Custodian, Investment Club, etc, and Retirement accounts include various types of IRA accounts, Money Purchase Plan, Profit Sharing, etc.

Firstrade trading platform has variety of products and services for investors so they may choose from stocks, ETFs, Certificate Deposits, Bonds, mutual funds, fixed income securities, options, dividend investment plans and margin investment, which ever suits investor’s need. Investor has a facility to trade online or through mobile device or use Firstrade online broker as a medium.

Company has lowest commission charges on stocks and options when compared to other discount brokerages. Firstrade securities products charge $6.95 per trade on trade of stocks and options through online market orders and limit orders. Fixed income securities excluding CDs of primary market are charged their yield as commission whereas CDs are charged $30 per trade.  Mutual funds have zero commission for no transactional and load funds, however no-load funds are charged &9.95. There is zero commission for trade of 10 ETFs with 10 shares.

Company also specializes in techy apps which allow investors to keep track of twenty stocks at one time. Firstrade securities services provides time saving facilities like real-time quotes, real-time technical analysis, etc. mobile applications are also available for android and iOS users who wants to trade via mobile.

According to Firstrade securities review, it is rated among best online brokerages by many publications in the industry. Firstrade was named “best deal” by the SmartMoney Magazine in 2005. It is also named as “top clean-hands firm” and “clear winner in the mutual funds category” by the Finance Magazine.