Firstrade Reviews
(Rated by 14 users)
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Payment Methods
- PayPal
Payment Methods
- Verified Store VERIFIED
- Free shipping: Orders $50+
- In-store pickup: Ready in 2 hours
- 30-Day Returns
- Gap Good Rewards (4 brands)
Payment Methods
- Tops: $23 - $70
- Bottoms: $27 - $70
- Outerwear: $34 - $70
- Kids: $29 - $75
Overall Rating
4.5
Base on 14 Reviews
Ratings by Feature
Ratings by Feature
- Shipping & Delivery4.4
- Customer Service4.6
- Good Value5.0
- Return Policy4.7
- Price & Quality4.8
Recent Customer Reviews (14)
Patrick Werner
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Yasmin Hayward
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Steffen Keller
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Melissa Tolbert
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Connie Glickman
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Esther Gibson
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Ernestine Knaus
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Andre Radcliff
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Annett Boehm
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Joseph Guillen
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Firstrade Pricing
Margin trading rates
9.25% - 5% APR
Payment Methods
Accepted Payment Options:
Prices for items on Firstrade.com vary widely depending on the type of clothing and promotions available. Typical price ranges include:
PayPal
Payment Process
- Payments can be made online during the checkout process.
- For Firstrade credit card payments, options include online payments, mail, or phone calls, but in-store payments are not accepted.
Refund Information
Refunds for returns will be processed back to the original payment method used during the purchase.
Firstrade Pros & Cons
Pros
1
Commission-Free Trading: Firstrade offers $0 commissions for stock, ETF, mutual fund, and options trades.
2
Fractional Shares: Available for 4,000 stocks/ETFs with a minimum trade size of $5.00.
3
Options Trading: No per-contract fee for options trades, making it a standout for options traders.
4
Mobile App: Easy to use and highly rated for iOS and Android.
5
Research Tools: Access to high-quality research tools, including MorningStar and Trading Central.
6
Educational Resources: Solid educational tools, including videos and webinars.
7
No Account Minimums: No minimum deposit requirement to open an account.
8
Wide Selection of Mutual Funds: Over 11,000 mutual funds available without commission fees.
CONS
1
Limited Investment Choices: No forex, futures, or crypto trading options.
2
Low Interest Rate on Uninvested Cash: Earns only 0.45% interest on uninvested cash.
3
Narrower Selection of Tradable Securities: Limited to stocks, ETFs, mutual funds, options, and bonds.
4
High Margin Rates: Margin trading rates are higher than industry averages, ranging from 9.25% to 5% APR.
5
Account Fees: Outgoing wire transfer fees ($25), partial transfer fees ($55), and account transfer-out fees ($75).
6
Customer Service: Slow customer service with limited availability (24/5) and no live chat.
Firstrade Features and Benefits
Features
Commission-Free Trading
$0 commissions for stock, ETF, mutual fund, and options trades
Fractional Shares
Available for 4,000 stocks/ETFs with a minimum trade size of $5.00
Options Trading
No per-contract fee for options trades, a rarity among brokers
Mobile App
Easy to use and highly rated for iOS and Android
Research Tools
Access to high-quality research tools, including MorningStar and Trading Central
Educational Resources
Solid educational tools, including videos, webinars, and professional-grade analysis tools
No Account Minimums
No minimum deposit requirement to open an account
Wide Selection of Mutual Funds
Over 11,000 mutual funds available without commission fees
Advanced Trading Platforms
Access to WebTrader, Firstrade Navigator, Options Wizard, and mobile app
Customer Support
Multiple options including phone, chat, and email
Regulatory Compliance
Regulated by SEC, member of FINRA/SIPC, accounts insured up to $500,000
Promotions
Transfer fee rebates and deposit bonuses
Free Basic Withdrawals
No charge for bank transfers, processed within 2 days with anytime access to funds