Comparison Firstrade vs Trading 212
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Firstrade vs Trading 212. Which of them: Firstrade or Trading 212 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 Trading 212 has a commission fee of 0. The full online broker reviews contains more detailed information on the brokers’ commission fees.
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, ETFs Trading, Forex Trading are provided by Trading 212. Concerning the platforms, Firstrade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Trading 212 uses 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 established in 1985 in United States, and it is regulated by SEC and FINRA. And Trading 212 was established in 2004 in Bulgaria, and it is regulated by FCA, FSC. We can withdraw funds from Firstrade with the help of Bank Wire, and its withdrawal fee is $30 domestic US, $50 international. And Trading 212 provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is 0. The withdrawal time for Firstrade is 2-3 business days, and that one for Trading 212 is 0-5 days.
Overall, Firstrade boasts 3.9 stars versus Trading 212 4.3 stars.