Comparison Firstrade vs TD Ameritrade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Firstrade vs TD Ameritrade. Is Firstrade or TD Ameritrade a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of Firstrade on regular transactions of the stock exchange is $0, and TD Ameritrade has a commission fee of $6.95. When analyzing trading options, the commission fees of Firstrade is $0, and that one of TD Ameritrade is $6.95 + $0.75. 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 TD Ameritrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading. Concerning the platforms, Firstrade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while TD Ameritrade 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 TD Ameritrade was founded in 1975 in United States, and it is regulated by SEC, FINRA. Withdrawal of funds from Firstrade can be done using Bank Wire with a withdrawal fee of $30 domestic US, $50 international. And TD Ameritrade provides the ability to withdraw funds using Bank Wire with a withdrawal fee of free. The time for withdrawal in Firstrade is 2-3 business days, and that one in TD Ameritrade is one Business Day.
As a result, the rating of Firstrade is 3.9 stars versus that of TD Ameritrade of 4.5 stars.