For a limited time only, Firstrade will rebate your account transfer fee charged by another broker for up to $200 when completing a full account transfer of $2,500 or more in assets! Simply open an individual or joint account online, or if you already have a Firstrade account, transfer and consolidate your assets from other brokers to Firstrade.

Broker Comparison

Commissions Firstrade TD Ameritrade E*Trade Fidelity Scottrade
Online Stock Orders $4.95/Trade $9.99/Trade $9.99/Trade $7.95/Trade $7/Trade
Online Option Orders $4.95
+ $0.65/Contract
$9.99 +
$0.75/Contract
$9.99 +
$0.75/Contract
$7.95 +
$0.75/Contract
$7.00 +
$0.70/Contract
Online Mutual Fund Trades
(Transaction Fee Funds)
$9.95 $49.99 $19.99 $49.95 $17.00
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)
$32.00/Trade
(+option contract charges)
Minimum Initial Deposit $0 $0 $500 $2,500 $2,500

* Pricing for competitors are obtained from published official web sites. 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 the latest fee schedule.

Transfer FAQs

  1. What should I do before transferring my account to Firstrade?

    You must have an existing account before you initiate a transfer. If you are a new customer, please enter your transfer request 1 business day after opening your account.

    LIMITED-TIME OFFER: Get up to $1000 Free Trade Commission for 60 days when you open an account today! Learn More

  2. During the transfer period, what should I pay attention to? How long does the transfer process usually take?

    The transfer process normally takes 3-4 business days to complete from the time we receive your online request. During this period, your original brokerage account may still show your stock positions. Please do not place any trades at this time, it may delay your account transfer.

  3. Do I need to pay any fees to transfer my account?

    Firstrade does not charge any fees for incoming transfers. If your existing brokerage firm charges you an account transfer fee, you may avail of our Transfer Rebate offer*.

  4. If my existing brokerage firm is not ACATs eligible, what should I do?

    If you are transferring from a brokerage firm that is not ACATs (Automated Customer Account Transfer Service) eligible, please click here to submit your request manually.

Promotion Details

Firstrade will rebate the account transfer fee (ACATS only) up to $200 charged by another brokerage firm when completing a Full Account Transfer for $2500 or more (excluding mutual funds & fixed income products). The rebate will be based solely on the actual transfer fee charged by the firm you are transferring from. To receive transfer rebate, please submit (upload, fax or email) a copy of your most recent statement from your previous broker with evidence of transfer charge. Submissions must be received within 60 days of transfer date. Credit will be deposited to your account within 30 days of receipt of evidence of charge. This offer applies to Firstrade regular investment accounts and IRAs (Traditional IRA, Roth IRA, and Rollover IRA), excluding Partnership, Corporate, Investment Club, ESA Education Planning Account, and Custodial Accounts. The account must remain open for 12 months with the minimum funding or assets required for participating in the offer — if your account assets fall below $2,500 due to withdrawals or outgoing transfers, Firstrade may reverse the transfer rebate at the time of withdrawal. Offer valid from 01/09/2017 to 04/18/2017.

Firstrade reserves the right at its sole discretion to terminate this offer without prior notice. This is not an offer or solicitation in any jurisdiction where Firstrade is not authorized to conduct securities transactions.