Firstrade
US commission-free broker popular with overseas Chinese
Platform Overview
Firstrade is a US commission-free brokerage popular with overseas Chinese investors, offering zero-commission trading on stocks, ETFs, options, and mutual funds. It provides multilingual support and straightforward international account opening.
Company Information
- Registered Company Name
- Firstrade Securities Inc
- Brand Name
- Firstrade
- Headquarters
- United States
- Year Established
- 1985
Transparency Signals
Strong transparency across key operational dimensions
No significant concerns identified
Trust Dimension Breakdown
Measures the completeness and verifiability of platform disclosures including regulatory filings, operational transparency, and transparency improvement efforts.
Evaluates regulatory standing, jurisdictional oversight quality, institutional engagement, and regulatory tier classification.
Assesses fund safety mechanisms, complaint history, complaint resolution track record, and customer service quality.
Reflects market standing, research commentary, expert-assessed execution quality, and liquidity reliability.
Evaluates platform uptime, technical reliability, customer service responsiveness, and operational transparency.
Measures industry contribution through education initiatives, research collaboration, ESG programs, and investor awareness efforts.
Regulatory Intelligence
Brand Name
Legal Entities
Regulatory References
Regulatory information displayed here is compiled from public registries, third-party sources, and platform self-declarations. IFCCI does not guarantee the completeness or accuracy of this information. Always verify directly with the relevant regulatory authority.
Regional Market Signals
Malaysia Market
Asia Pacific
Global Market
Regulatory Licenses
SEC
- License Number
- 0016different
- Jurisdiction
- United States
- License Type
- Broker-Dealer License
CFTC
- License Number
- Registered
- Jurisdiction
- United States
- License Type
- Registered
Internal Transparency
Transparency profile visualization
Trading Conditions
| Instrument | Spread |
|---|---|
| EUR/USD | N/A |
| GBP/USD | N/A |
| USD/JPY | N/A |
| XAU/USD | N/A |
- Commission
- $0 for stocks/ETFs/options; no per-contract options fee
- Inactivity Fee
- None
- Deposit Fees
- Free (ACH); wire transfer fees may apply
- Withdrawal Fees
- $25 for wire transfer; ACH free
- Withdrawal Processing Time
- 1-3 business days
Platform Infrastructure
Safety & Protection
Operational Details
- Supported Languages
- English, Chinese
- Support Channels
- PhoneEmailLive Chat
- Payment Methods
- ACHWire TransferCheck
Community Snapshot
Submit a Complaint
Platform Comparison
| Regulatory Tier | Tier 1 | Tier 1 |
| Transparency Signals | 9.5/10 | 9.5/10 |
| Minimum Deposit | $0 | $250 |
| Maximum Leverage | Up to 1:2 (margin) | Up to 1:200 |
| Spread Type | Commission-free | Variable |
| Execution Model | Market Maker | Market Maker |
| Year Established | 1985 | 1974 |
| Trading Products | 4 | 10 |
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Information presented is compiled from publicly available regulatory sources and user submissions. IFCCI does not make recommendations or endorsements. Users should conduct independent due diligence.
Legal Disclaimer
The IFCCI Transparency Programme is an independent research initiative and does not constitute regulatory supervision, professional financial advice, or official compliance certification. All findings represent research-based observations intended to contribute to financial industry transparency discourse and informed evaluation. FinScope is a technology platform developed to support the programme’s public-facing digital interface.