Pricing

Enjoy lower pricing and maximum value when using Firstrade as your discount broker.

Stocks Online Market Orders and Limit Orders* $6.95/Trade
Unlimited Shares
Options Online Market Orders and Limit Orders* $6.95/Trade + $0.75/Contract
No Minimum
Mutual Funds No Transaction Fee Free
No-Load Funds $9.95
Load Funds Free
Fixed Income Treasury Bills, Notes & Bonds Net Yield Basis
Municipal Bonds Net Yield Basis
Agency Bonds Net Yield Basis
Zeros & Strips Net Yield Basis
Primary Market CDs $30
Secondary Market CDs Net Yield Basis
Net Yield Basis means Firstrade acts as principal whereby the bonds will be subject to a markup or markdown.
Broker-Assisted Orders Stocks/ETFs $19.95
Options $19.95 + $0.75 / contract
Load Funds No Charge
No-Load Funds $19.95

*For orders where the stock price is under $1.00, add 1/2 cent per share for the entire order. For commission purposes, limit orders executed over multiple days will be treated as separate orders.


Please read the "Characteristics and Risks of Standardized Options" before you apply for option privileges. Option assignment and exercise fee is $14.95. Two-legged complex option orders are charged a single commission but contract fees are charged on each leg.


A Short Term Redemption Fee of $19.95 will be applied to redemptions of mutual fund shares held less than 90 days. Broker-Assisted redemptions will incur a charge of $19.95. Transaction Minimums: Initial Investment - $500 / Additional Investments - $100. Redemptions of less than $500 will incur a $19.95 fee, unless the entire value of that fund is less than $500. For mutual funds transferred to Firstrade, the 90 day holding period will begin when the account transfer process is complete.



Margin Rates

Firstrade's margin rates are among the lowest available in the industry, as low as 4.5%.

Margin Balance Firstrade Logo TD Ameritrade Scottrade TradeKing Schwab
$2,500,000+ 4.50% 6.50% 5.25% 4.25% 6.00%
$1,000,000 ~ $2,499,999 4.50% 6.50% 5.25% 4.25% 6.25%
$500,000 ~ $999,999 5.00% 7.25% 5.75% 4.25% 6.75%
$250,000 ~ $499,999 6.00% 7.25% 6.25% 4.75% 6.75%
$150,000 ~ $249,999 6.50% 7.50% 6.50% 5.57% 6.88%
$100,000 ~ $149,999 6.50% 7.50% 6.50% 5.75% 6.88%
$50,000 ~ $99,999 7.00% 7.75% 7.00% 7.00% 7.00%
$25,000 ~ $49,999 7.50% 8.75% 7.50% 8.00% 8.00%
$10,000 ~ $24,999 7.75% 9.00% 7.75% 8.00% 8.50%
$5,000 ~ $9,999 7.75% 9.25% 8.00% 8.00% 8.50%
$0.1 ~ $4,999 7.75% 9.25% 8.00% 9.00% 8.50%

*Firstrade's Base Rate (FBR) is 4.50%. Margin rates effective 08/01/2016.

Credit Interest

We pay interest each day your account has a free credit balance as long as interest accrued is
at least $1 per month.

Cash Balance Rate
$25,000 0.01%
$25,000+ 0.01%

*We reserve the right to amend our credit interest policy from time to time in response to changes in prevailing interest rates and other factors. Credit interest rates effective 10/01/2014.

Disclosure Statement for margin borrowers

Special Services


Account Maintenance Fee
Electronic statements (All types) $0
Electronic Trade confirms $0
Electronic Prospectus $0
Electronic Tax Documents (All types) $0
Investing Fee
Real-Time Quotes FREE
Streaming Quotes FREE
Dividend Reinvestment Plan (DRIP) FREE
Periodic investment plan FREE
Banking Fee
ACH Electronic transfer $0
Regular Check Delivery $0
Outgoing Wire Transfers (Domestic) $30
Outgoing Wire Transfers (Foreign) $50
Overnight Check Fee - Continental U.S. account only $50
Transfer Fee
Internal Asset Transfers $0
Third Party Distribution Notification $20
DTC Delivery (per security) $50
ACAT Transfer Out $75
Partial ACAT Transfer Out $55
Retirement Fee
IRA Annual Fee, IRA Account Set-up Fee, IRA Maintenance Fee $0
IRA Roth Conversion & Recharacterization Processing Fee $25
IRA Termination Fee $50
Settlement Fee
Foreign Security Transfer Fee $75
Foreign Free Receives/Delivers $75
ADRs Custody Fee $0.01~0.05/share(1)
Margin Fee
Mailgrams / NYSE Extensions (per item) $25
Sell-Out / Buy-In Notices $25
(1) ADR agents that sponsor American Depositary Receipts (ADRs) are permitted to charge ADR holders an annual custody fee. The fee is administered through the Depository Trust Company (DTC) which typically will be subtracted from the gross dividend amount payable or collected from Firstrade (or Apex Clearing) by the DTC and deducted from your account if the ADR does not pay a dividend. The fee will be posted to your periodic account statement as an "ADR Pass-Thru Charge".

View our full list of Exception Fees (PDF).

Broker Comparison

See how Firstrade compares with other online brokers

Broker Comparison Firstrade Logo TD Ameritrade E*Trade Fidelity Schwab
Online Stock Orders $6.95/Trade $9.99/Trade $9.99/Trade $7.95/Trade $8.95/Trade
Online Option Orders $6.95
+ $0.75/Contract
$9.99 +
$0.75/Contract
$9.99 +
$0.75/Contract
$7.95 +
$0.75/Contract
$8.95 +
$0.75/Contract
Online Mutual Fund Trades
(Transaction Fee Funds)
$9.95 $49.99 $19.99 $49.95 $76.00
Broker-assisted Stock
& Options Trades
$19.95/Trade
(+option contract charges)
$44.99/Trade
(+option contract
charges)
$34.99/Trade
(+option contract charges)
$32.95/Trade
(+option contract charges)
$33.95/Trade
(+option contract charges)
Margin Interest Rate
on $10,000 to $24,999
7.50% 8.75% 8.44% 8.075% 8.50%
Minimum Initial Deposit $0 $0 $500 $2,500 $1,000

*Pricing for competitors were obtained from their published web sites on March 12, 2015. Some brokers may lower the fees listed above if certain balance or activity requirements are met. The competitor fees are believed to be accurate, but may be subject to change. Please contact each individual firm to confirm their latest fee schedules.