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Comparison Firstrade vs Interactive Brokers

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Firstrade vs Interactive Brokers. Which of them: Firstrade or Interactive Brokers a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of Firstrade on regular transactions of the stock exchange is $0, and Interactive Brokers has a commission fee of $0.005. When analyzing trading options, the commission fees of Firstrade is $0, and that one of Interactive Brokers is $0 + $0.70 per contract. 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 Interactive Brokers provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor. Concerning the platforms, Firstrade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Interactive Brokers uses 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. Firstrade was founded in 1985 in United States, and it is regulated by SEC and FINRA. And Interactive Brokers was founded in 1978 in United States, and it is regulated by NYSE, FINRA, SIPC. Withdrawal of funds from Firstrade can be done using Bank Wire with a withdrawal fee of $30 domestic US, $50 international. And Interactive Brokers provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. The time for withdrawal in Firstrade is 2-3 business days, and that one in Interactive Brokers is 3-5 days.

Overall, Firstrade boasts 3.9 stars versus Interactive Brokers 4.1 stars.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
Firstrade
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
Interactive Brokers
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Forex Spreads
Futures
Metals
Cryptocurrency
Firstrade
Stock
$0
ETFs
$0
Options
$0
Mutual Funds
$0
Bonds
$40
Forex Spreads
N/A
Futures
N/A
Metals
N/A
Cryptocurrency
N/A
Interactive Brokers
Stock
$0.005
ETFs
$0
Options
$0 + $0.70 per contract
Mutual Funds
$14.95
Bonds
0.1% of face value
Forex Spreads
0.20 basis points
Futures
$0.85 per contract
Metals
0.15 basis points
Cryptocurrency
$5 per contract

Types of trading

Types of trading
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor
Firstrade
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor
Interactive Brokers
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Firstrade
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Interactive Brokers
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform

Tools

Tools
Research & Analysis
Education
Demo account
Firstrade
Research & Analysis
Education
Demo account
Interactive Brokers
Research & Analysis
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
Firstrade
Android App
iOS App
Interactive Brokers
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
Firstrade
Minimum deposit
$0
Bank Wire
Visa/Mastercard
Interactive Brokers
Minimum deposit
$0
Bank Wire
Visa/Mastercard

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
Firstrade
Bank Wire
Visa/Mastercard
Withdrawal Time
2-3 business days
Withdrawal Fee
$30 domestic US, $50 international
Interactive Brokers
Bank Wire
Visa/Mastercard
Withdrawal Time
3-5 days
Withdrawal Fee
$0

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
Firstrade
Сountry of Origin
United States
Year Founded
1985
Regulated By
SEC and FINRA
Interactive Brokers
Сountry of Origin
United States
Year Founded
1978
Regulated By
NYSE, FINRA, SIPC

Customer Service

Customer Service
Phone
Email
Live Chat
 
Firstrade
Phone
Yes
Email
Yes
Live Chat
No
Interactive Brokers
Phone
1 (877) 442-2757
Email
Email form
Live Chat
Yes

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