Overall Rating55555

First Trade

First Trade is an online brokerage firm which provides some outstanding products and services for reduced fees. The following will highlight some of the benefits of using First Trade as opposed to other online brokerage firms. The key benefits of opening a First Trade account include expanded investment options, lower commissions and fees, access to The Investor Network, and up to 100 free trades.

The first benefit of opening a First Trade account over opening an account with other online brokerage firms is the amount of investing options. Unlike some other online brokerage accounts, First Trade allows their investors to invest in stocks listed on the NYSE, Nasdaq, AMEX, as well as over the counter markets such as access to Pink Sheet stocks. With First Trade you can also select between over 11,000 mutual funds, Exchange Traded Funds and Options. First Trade’s extended hours also allow you to invest in prior to opening and up to an hour and fifteen minutes following the closing bell.

Low costs are another benefit of opening First Trade online brokerage account. First Trade charges a commission of just $6.95 per market order, compared to other brokerage firms which charge up to $25 per market order. For an investor, the lower commissions can significantly improve their overall return. First Trade also offers low margin rates, no fee IRA accounts, free dividend reinvestment programs, and free stock recommendations. First Trade also boasts a no minimum deposit requirement.

Unlike many other online stock trading companies, First Trade boasts a person to person network, known as The Investor Network. This network allows you to connect with other investors to discuss investment topics, current news, and allows you to share investment suggestions.

The last benefit of opening with First Trade is many investors will benefit from opening their account and receive free trades. Any investor who opens an account with at least $2,000 will receive 100 free trades. If you deposit $25,000, you will also receive a $100 transfer rebate, and those investing over $50,000 will receive a $100 cash bonus.

To summarize, there are many benefits of opening a First Trade online brokerage account. Those benefits include expanded investment options, lower commissions and fees, access to The Investor Network, and up to 100 free trades.

One Customer Review of “First Trade”

Review by Brad

  • 55555

First Trade has their investor network and cheap prices on trading stocks.

Overall Rating 55555

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