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Comparison Firstrade vs TradeStation

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Firstrade vs TradeStation. Which of them: Firstrade or TradeStation 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 TradeStation has a commission fee of 4. Let’s analyze the commission fees on trading options. Firstrade has a commission fee of $0, TradeStation has a commission fee of 5. You can read more detailed information on commission fees in the online broker reviews.

It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided to customers by Firstrade and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading are provided by TradeStation. As for platforms, Firstrade offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while TradeStation 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. Firstrade was established in 1985 in United States, and it is regulated by SEC and FINRA. And TradeStation was established in 1982 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 TradeStation provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $35 for US domestic withdrawals. The time for withdrawal in Firstrade is 2-3 business days, and that one in TradeStation is 3-5 business days.

As a result, the rating of Firstrade is 3.9 stars versus that of TradeStation of 3.8 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
TradeStation
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Futures
Firstrade
Stock
$0
ETFs
$0
Options
$0
Mutual Funds
$0
Bonds
$40
Futures
N/A
TradeStation
Stock
$0.00
ETFs
$0.00
Options
$0.60 per contract
Mutual Funds
$14.95 per trade
Bonds
$14.95 per trade
Futures
$1.50 per contract

Types of trading

Types of trading
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Futures Trading
Crypto Trading
Firstrade
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Futures Trading
Crypto Trading
TradeStation
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Futures Trading
Crypto Trading

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Firstrade
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
TradeStation
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform

Tools

Tools
Research & Analysis
Education
Firstrade
Research & Analysis
Education
TradeStation
Research & Analysis
Education

Mobile App

Mobile App
Android App
iOS App
Firstrade
Android App
iOS App
TradeStation
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Firstrade
Minimum deposit
$0
Bank Wire
TradeStation
Minimum deposit
$500
Bank Wire

Withdrawals

Withdrawals
Bank Wire
Withdrawal Time
Withdrawal Fee
Firstrade
Bank Wire
Withdrawal Time
2-3 business days
Withdrawal Fee
$30 domestic US, $50 international
TradeStation
Bank Wire
Withdrawal Time
3-5 business days
Withdrawal Fee
$35 for US domestic withdrawals

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
TradeStation
Сountry of Origin
United States
Year Founded
1982
Regulated By
SEC, FINRA

Customer Service

Customer Service
Phone
Email
Live Chat
 
Firstrade
Phone
Yes
Email
Yes
Live Chat
No
TradeStation
Phone
Yes
Email
Yes
Live Chat
Yes

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