Broker Comparison

See how Firstrade compares with other online brokers
Save big on options trades
Long Calls or Puts Strategy
(Sample Calculation*)
Firstrade Logo TD Ameritrade E*Trade Charles Schwab Fidelity Merrill Edge
Per Contract Fee $0 $0.65 $0.65 $0.65 $0.65 $0.75
Commission $0 $0.00 $0.00 $0.00 $4.95 $6.95
Total Cost $0 $65 $65 $65 $69.95 $81.95

*The above example is using 100 options contracts.


Commissions Firstrade Logo TD Ameritrade E*Trade Charles Schwab Fidelity
Online Stock Orders $0 $0 $0 $0 $4.95
Online Option Orders $0 $0 + $0.65/Contract $0 + $0.65/Contract $0 + $0.65/Contract $0 + $0.65/Contract
Online Mutual Fund Trades $0 $49.99 $49.99 $49.95 $49.95
Broker-assisted Stock
& Options Trades
$19.95
(+$0.50/contract)
$25
(+$0.65/contract)
$25
(+$0.65/contract)
$25
(+$0.65/contract)
$19.95
(+$0.65/contract)
Minimum Initial Deposit $0 $0 $500 $0 $0

Pricing for competitors were obtained from their published web sites on October 7, 2019. 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.

Margin Balance Firstrade Logo TD Ameritrade Fidelity E*Trade
$1,000,000 + 5.00% 7.75% 5.00% 7.00%
$500,000 ~ $999,999 5.60% 8.25% 5.25% 8.00%
$250,000 ~ $499,999 7.50% 8.25% 7.575% 8.50%
$100,000 ~ $249,999 7.75% 8.50% 7.825% 9.00%
$50,000 ~ $99,999 8.25% 8.75% 7.875% 9.50%
$25,000 ~ $49,999 8.75% 9.75% 8.825% 10.00%
$10,000 ~ $24,999 9.00% 10.00% 9.325% 10.25%
$0 ~ $9,999 9.25% 10.25% 9.325% 10.50%

Competitor firm information is obtained from their respective websites as of 09/20/2019, subject to change without notice.