Broker Comparison

See how Firstrade compares with other online brokers

Commissions Firstrade Logo TD Ameritrade Fidelity E*Trade Charles Schwab
Online Stock Orders $2.95 $6.95 $4.95 $6.95 $4.95
Online Option Orders $2.95 + $0.50/Contract $6.95 + $0.75/Contract $4.95 + $0.65/Contract $6.95 + $0.75/Contract $4.95 + $0.65/Contract
Online Mutual Fund Trades
(Transaction Fee Funds)
$9.95 $49.99 $49.95 $19.99 $25.00
Broker-assisted Stock
& Options Trades
$19.95
(+option contract charges)
$44.99
(+option contract
charges)
$19.95
(+option contract charges)
$25
(+option contract charges)
$25.00
(+option contract charges)
Minimum Initial Deposit $0 $0 $2,500 $500 $1,000

*Pricing for competitors were obtained from their published web sites on September 1, 2017. 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% 7.50% 5.00% 7.00%
$500,000 ~ $999,999 5.75% 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%
ETF Offers Firstrade Logo TD Ameritrade Fidelity E*trade
Number of
Commission-Free ETFs
700+ 300+ 93 200+
Morningstar Coverage 600+ 76 52 53
Number of ETF providers 40 8 2 13
Redemption Fee of early sell $2.951 $19.99 $12.952 $19.993
Enrollment Required No Yes No No

1 Firstrade short-term trading fee (Holding period less than 30 days) is $2.95.
2 Fidelity short-term trading fee (Holding period less than 30 days) online is $4.95, automated phone system is $12.95.
3 E*trade short-term trading fee (Holding period less than 30 days) is $19.99 for customers with 0–149 stock/options trades per quarter, $15.99 for 150+ stock/option trades per quarter.

Firstrade data as of 4/9/2018. Competitor data as of 4/1/2018.