Online broker firm Firstrade: brief overview
Firstrade – an online broker firm founded in 1985. The company offers a wide range of investment products and tools to achieve financial independence. Firstrade claims to provide users with innovative trading technologies, analytics, education, and top-notch service.
The company is a member of FINRA (Financial Industry Regulatory Authority) and SIPC (Securities Investor Protection Corporation).
Firstrade tools and platforms
Traders are provided with powerful trading platforms developed by Firstrade to manage accounts. The company has also introduced an innovative options analysis tool called OptionsWizard. The platform allows users to trade stocks, hedge investment portfolios, buy and sell cryptocurrencies, and invest in mutual funds.
Firstrade clients have access to economic news, analytical reports, market forecasts, as well as free courses and video tutorials to enhance trading knowledge.
Firstrade trading accounts
The broker’s website does not provide information on specific trading accounts, minimum deposits, currencies, and other trading characteristics. Firstrade offers the opening of a brokerage or retirement account for clients. Accounts are insured by the Securities Investor Protection Corporation (SIPC) for up to $500,000.
Funding and withdrawals from Firstrade
Financial transactions are conducted through ACH electronic transfers. Detailed terms of the financial policy are not specified at the moment.
Conclusion
Consider whether it is worth collaborating with a company that conceals information about its registration location, prefers anonymity, and does not provide full information on customer interactions. To make a decision, read reviews about Firstrade and weigh all possible factors.