Firstrade is an established FINRA regulated online broker that opened in 1985. Owned and operated by Firstrade Securities, Inc., they are officially located at: 30-50 Whitestone Expressway, Suite A301, Flushing, New York 11354. Contact phone number is Toll Free: 800-869-8800, and Fax number is: 718-961-3919. Customer support email address is: email@example.com.
Official Brokers Website: https://www.firstrade.com/.
Firstrade Brokers Review
Investors at Firstrade are given access to their web based trading platform, along with mobile apps for Android & iOS. In May 2019, they launched a brand new mobile trading app. Available assets to trade include: Stocks, ETFs, Options, Fixed Income (Bonds) and thousands of Mutual Funds. Dividend Reinvestment Plans (DRIP) are available for free.
An interesting aspect of this broker is that their website is available in Taiwanese and Mandarin. Customer support is available in English, Cantonese and Mandarin.
Five account types are available: Individual Account / Joint Account, Custodial Accounts, Traditional IRA, ROTH IRA and Rollover IRA. You can fund your new trading account with ACH, Check, Wire Transfer or you can Transfer from another financial institution.
Firstrade Regulatory Information
The best way for you to know if you Stock / Options broker is not a scam, is by checking their regulatory status. When you see that they are regulated by FINRA, and a member of SIPC, you can be sure that they are a legitimate broker.
Firstrade is legal broker in the United States, registered with FINRA and holding SEC license number 34632, see here. Since they are member of the Securities Investor Protection Corporation (“SIPC”), investors accounts are protected for up to $500,000.
Comparing Stock Brokers
You have many Stock Brokers to compare between and choose from online. Make sure you always verify that the broker you are investing with is licensed and regulated!
The reason smart investors choose to use a regulated broker instead of a scam broker, is because they are interested in trading, and not worrying about a broker processing their withdrawal. With the increased popularity of Crypto Currencies like Bitcoin and Ripple, many new scams are targeting Americans, read more.
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