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Firstrade Review

Broker Profile

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Firstrade is an online broker that offers low cost stock trades to its large client base of investors. They cater well to self-directed investors with their high speed proprietary trading platform and wide spectrum of financial services. Firstrade has high customer service standards for its clients.

Our Firstrade review provides trade platform screenshots, detailed commissions information, and online broker ratings. Also discover how Firstrade placed in the most recent 2010 Barron’s Review of Online Brokers as well as the 2010 SmartMoney Broker Review**.

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Commission Notes

Firstrade is another broker that offers flat fee commissions for both stocks and options. While it is advertised that stock trades are only $6.95 per trade with unlimited shares, the asterisk will reveal this is not true in all cases. For stocks under $1.00 and trades over 5,000 shares, the broker charges an extra .005 cent per share. For active traders, the broker charges $19.95 for NASDAQ level II streaming quotes and charts.

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All pricing data was obtained from a published web site as of 7/19/2010 and is believed to be accurate, but is not guaranteed. trade WISER staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the top of this page. * For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

** Barron's is a registered trademark of Dow Jones & Company 2010. SmartMoney is a registered trademark of SmartMoney, a joint publishing venture between Dow Jones & Company, Inc. and HearstSM Partnership. Kiplinger is a registered trademark of the Kiplinger Washington Editors, Inc. 2010.