The Firstrade Minimum Deposit is $0. This is very good when compared to other brokers’ minimum deposit fees, making it accessible to beginner and smaller retail traders.
Firstrade at a glance
| 🔍 Broker's Name | Firstrade |
| 📍 Headquartered | New York |
| 📅 Year Founded | 1985 |
| 🏛 Regulating Authorities | the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) |
| 🌐 Countries not accepted for trade | Most countries accepted |
| ☪️️ Islamic Account (Swap Free) | No |
| 📒 Demo Account | Yes |
| 📒 Institutional Accounts | No |
| 💻 Managed Accounts | Yes |
| 📊 Maximum Leverage | Margin of 6% |
| 💳 Minimum Deposit | No Minimum Deposit |
| 💳 Deposit Options | ACH, Cheque, Bank Wire Transfer |
| 💳 Withdrawal Options | ACH, Cheque, Bank Wire Transfer |
| 💻Platform Types | Firstrade proprietary platform |
| 📲 OS Compatibility | PC and Mac OS, mobile for Android and IOS |
| 📊 Tradable Assets | Stocks Options ETFs Mutual Funds Bonds/CDs/Fixed Incomes Margin Investing Dividend Reinvestment (DRIP) Securities Lending Income Program |
| 🌐 Languages Supported | English, Traditional Chinese and Simplified Chinese |
| ☎ Customer Service Hours | 24 hours a day/ 5 days a week |
Min Deposit
USD 0
Regulators
SEC, FINRA
Trading Platform
Proprietary Platform
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our Firstrade Minimum Deposit below.
Firstrade Minimum Deposit Revealed – A Key 9 Point Quick Overview
- ✅Firstrade at a glance
- ✅Firstrade Overview
- ✅Firstrade Minimum Deposit
- Firstrade Deposit fees and deposit methods
- Step by step guide to depositing the Firstrade minimum amount
- Firstrade Pros and Cons
- Firstrade Customer Reviews
- Conclusion
- Frequently Asked Questions
Here is our overview of the Firstrade minimum deposit as well as the pros and cons as well as features that are offered to traders.
Firstrade Overview
Firstrade is a US-based brokerage and investment firm that has a long operational history dating back to its establishment in 1985. Firstrade is a secure and well-regulated broker which is overseen by such reputable organizations as The Securities and Exchange Commission, Financial Industry Regulatory Authority, and Securities Investor Protection Corporation.
Clients of Firstrade also have the added benefit of working with a stock exchange-listed company. All companies listed in the U.S stock market are highly regulated by the Securities and Exchange Commission. Most of the operating and financial documents are also available to the public.
Firstrade offers a variety of investment products including stocks, options, ETFs mutual funds, and bonds. The variety provides investors the flexibility to select the products of their choosing based on their financial needs. In addition, investors are also allowed to execute special orders depending on the market condition as well as the risk tolerance and trading style of each investor.
Costs are relatively low for self-directed online trades. There are no minimum stock trading requirements on the number of shares per trade. You can have as little as one share per trade. Firstrade offers a comprehensive array of online broker tools, market insights, and stock analysis reports that help you make sound decisions in building your investment portfolio.
These reports are provided by the world’s most authoritative financial companies, such as Morningstar, Briefing.com, Zacks, Benzinga, and PR Newswire. You can trade online or on mobile devices with our low commission of $0 per trade. Firstrade is an excellent choice for experienced traders seeking portfolio diversification. Beginner traders may find the broker’s offering daunting, particularly with a lack of educational tools.
Firstrade Minimum Deposit
There is no minimum deposit amount required to open a broker account with Firstrade. This means that small and large investors alike can easily open an account and begin trading with the amount that suits their trading goals and needs.
| Firstrade | 💳 No Minimum Deposit |
That said, it is always recommended that traders ensure they have sufficient margin in their accounts to avoid falling into a negative balance while trading. It is generally recommended to begin trading with no less than $100 to ensure sufficient account funds.
Firstrade Deposit fees and deposit methods
Firstrade has a limited selection of deposit methods, consisting of bank wire transfers, checks, and ACH payments. Check deposits are available to US clients only. In terms of deposit security, customers have reliable account protection through Firstrade’s SIPC insurance membership and additional coverage with Apex Clearing Corp.
| 💳 Bank Wire Transfers |
| 💳 Checks |
| 💳 ACH payments |
Firstrade Securities is a “Member of the Securities Investor Protection Corporation (“SIPC”), which protects securities customers of its members up to $500,000.This additional insurance provides protection for securities and cashes up to an aggregate limit of $150 million, subject to sub-limits for any one customer of $37.5 million for securities and $900,000 for cash.
| 🏛 Member of the Securities Investor Protection Corporation (SIPC) | $500,000 Protection |
| US domestic wire transfers cost | $25 |
| International withdrawals cost | $25 |
With regards to deposit currencies, Firstrade only accepts USD deposits. This means that traders depositing in other currencies, such as ZAR/Rand, will incur conversion fees. Firstrade does not charge withdrawal fees on ACH transfers. However, US domestic wire transfers cost $25, while international withdrawals cost $25.
Step by step guide to depositing the Firstrade minimum amount
Depositing into your account with Firstrade consists of the following steps:
🟢 Step 1 – Navigate to Firstrade & Log in
Click on the “Log in” tab to fund your Firstrade account
🟢 Step 2 – Go to the Firstrade “Accounts” menu
Select the Firstrade “Accounts” option,
🟢 Step 3 – Click the Deposit Funds
🟢 Step 4 – Choose the withdrawal transfer type
Add the amount you wish to withdraw and set the frequency and date of the withdrawal – Check and confirm the withdrawal
Firstrade Pros and Cons
| ✔️ Pros | ❌ Cons |
| No deposit fees | Extremely limited selection of deposit currencies |
| No minimum deposit | Withdrawal feels on certain payment methods |
Firstrade Customer Reviews
Firstrade has a large selection of commodities
Firstrade has a large selection of commodities in its asset list. If you’re into commodities trade, this brokerage firm is a great choice! – Ben
Firstrade is good
I have used the broker for more than a year as an international customer, and almost never had issues. Very professional and a good broker. Did withdraw money 2 times without any issues, and did receive my money within 2 days. That’s better than my local broker. Highly recommend. -Hatta
Sign up for bonus shares
I enjoy the opportunity given by forex brokers to earn an income or gain rewards through sign-up bonuses, and great offerings with shares! – Dennis
Min Deposit
USD 0
Regulators
SEC, FINRA
Trading Platform
Proprietary Platform
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
You might also like: Firstrade Review
You might also like: Firstrade Account Types Overview
You might also like: Firstrade Demo Account – Step by Step
You might also like: Firstrade Fees and Spreads
You might also like: Firstrade Sign up Bonus
Conclusion
Overall, With proprietary trading technology, an intuitive user interface, customer service, and mobile applications, Firstrade offers a comprehensive solution for beginner and advanced traders. Firstrade is a member of FINRA/SIPC and one of the biggest discount US stockbrokers regulated by top-tier regulators.
It offers free stock, ETF, mutual funds, and options trading. It does not charge inactivity and account fees and there are a lot of quality research and educational tools you can use. A drawback is that it does not provide credit/debit cards and electronic wallets for transferring money. Traders can only trade on the US market.
Frequently Asked Questions
How do I make a deposit and withdrawal with Firstrade?
Firstrade deposit methods, consist of bank wire transfers, checks (US clients only) and ACH payments.
Does Firstrade offer instant deposits to clients?
Yes, Firstrade clients receive instant cash buying power of up to $1000 while waiting for their deposit funds to clear.
Does Firstrade charge withdrawal fees?
Yes. US domestic wire transfers cost $30, while international withdrawals cost $35.
How long does it take to make a withdrawal?
Withdrawals can take up to 2 business days to be processed.
Are my deposits safe with Firstrade?
Yes. Firstrade Securities is a “Member of the Securities Investor Protection Corporation (“SIPC”), which protects securities customers of its members up to $500,000.
Top 4 Brokers
