Broker Comparison

See how Firstrade compares with other online brokers

Commissions Firstrade Logo TD Ameritrade Fidelity E*Trade Charles Schwab
Online Stock Orders $0 $6.95 $4.95 $6.95 $4.95
Online Option Orders $0 $6.95 + $0.75/Contract $4.95 + $0.65/Contract $6.95 + $0.75/Contract $4.95 + $0.65/Contract
Online Mutual Fund Trades $0 $49.99 $49.95 $19.99 $25.00
Broker-assisted Stock
& Options Trades
$19.95
(+$0.50/contact)
$44.99
(+option contract
charges)
$32.95
(+option contract charges)
$25
(+option contract charges)
$25.00
(+option contract charges)
Minimum Initial Deposit $0 $0 $0 $500 $1,000

Pricing for competitors were obtained from their published web sites on October 1, 2018. 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.

Save big on options trades

Sample Calculation:     Number of Contract: 2     Average Premium: $0.70*

Covered Call Strategy Firstrade Logo TD Ameritrade E*Trade Merrill Edge Fidelity Charles Schwab
Total Premium $140.00 $140.00 $140.00 $140.00 $140.00 $140.00
Base $0 $6.95 $6.95 $6.95 $4.95 $4.95
Per contract $0 $0.75 $0.75 $0.75 $0.65 $0.65
Commissions (Base + Per Contract) $0 $8.45 $8.45 $8.45 $6.25 $6.25
Lost Premium 0.00% 6.04% 6.04% 6.04% 4.46% 4.46%

*Premium of $0.70 in the example is based the average covered call premium of S&P100 stocks (excluding AMZN and GOOGL) as of Oct.1, 2018.

Margin Balance Firstrade Logo TD Ameritrade Fidelity E*Trade Merril Edge
$1,000,000 + 5.25% 7.75% 5.25% 7.25% 7.25%
$500,000 ~ $999,999 6.00% 8.50% 5.50% 8.25% 7.875%
$250,000 ~ $499,999 7.75% 8.50% 7.825% 8.75% 8.125%
$100,000 ~ $249,999 8.00% 8.75% 8.075% 9.25% 8.125%
$50,000 ~ $99,999 8.50% 9.00% 8.125% 9.75% 9.50%
$25,000 ~ $49,999 9.00% 10.00% 9.075% 10.25% 9.50%
$10,000 ~ $24,999 9.25% 10.25% 9.575% 10.50% 10.625%
$0 ~ $9,999 9.50% 10.50% 9.575% 10.75% 10.625%

Competitor firm information is obtained from their respective websites as of 10/1/2018, subject to change without notice.