Firstrade Review: Zero-Fee Trading Since 1985
Firstrade has been quietly operating since 1985, long before Robinhood made zero commissions trendy. Based in Flushing, New York, this broker offers $0 commissions on stocks, ETFs, options, and mutual funds — yes, even $0 per options contract, which undercuts most of the industry. So why haven't you heard more about it? Firstrade lacks the flashy app and social features of newer platforms. It doesn't have crypto. The interface feels functional rather than exciting. But if you want genuinely free trading with access to 11,000+ mutual funds and overnight trading sessions, Firstrade punches well above its weight. The broker is FINRA-regulated and SIPC-protected with additional insurance coverage up to $37.5 million. It's a real, established brokerage — not a fintech experiment.