Comparison E*TRADE vs Firstrade

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares E*TRADE vs Firstrade. Is E*TRADE or Firstrade a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of E*TRADE on regular transactions of the stock exchange is $6.95, and Firstrade has a commission fee of $0. When analyzing trading options, the commission fees of E*TRADE is $6.95 + $0.75 per contract, and that one of Firstrade is $0. You can read more detailed information on commission fees in the online broker reviews.

Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are E*TRADE provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading, Robo Advisor, and Firstrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading. As for platforms, E*TRADE offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Firstrade offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.

Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. E*TRADE was founded in 1982 in United States, and it is regulated by FINRA. And Firstrade was founded in 1985 in United States, and it is regulated by SEC and FINRA. Withdrawal of funds from E*TRADE can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. And Firstrade provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $30 domestic US, $50 international. The time for withdrawal in E*TRADE is 3 days, and that one in Firstrade is 2-3 business days.

Overall, E*TRADE boasts 4.3 stars versus Firstrade 3.9 stars.