Comparison Firstrade vs Vanguard

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

First of all, we’ll compare the commission fees of the two brokers. Firstrade has a commission fee of $0, and Vanguard has a commission fee of $7 per trade (first 25). When analyzing trading options, the commission fees of Firstrade is $0, and that one of Vanguard is $7+$1 per contract (first 25). The full online broker reviews contains more detailed information on the brokers’ commission fees.

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 Firstrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, and Vanguard provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading. As for platforms, Firstrade offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Vanguard offers Web Platform, Android App, iOS App.

In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Firstrade was founded in 1985 in United States, and it is regulated by SEC and FINRA. And Vanguard was founded in 1975 in USA, and it is regulated by Various local Jurisdictions. Withdrawal of funds from Firstrade can be done using Bank Wire with a withdrawal fee of $30 domestic US, $50 international. And Vanguard provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $10. The time for withdrawal in Firstrade is 2-3 business days, and that one in Vanguard is 3 Business days.

As a result, the rating of Firstrade is 3.9 stars versus that of Vanguard of 3.9 stars.