Best Reviews TopConsumerReviews.com Best Online Stock Brokers Best Reviews
Best Reviews
      October 21, 2019

Home  >  Online Stock Brokers  >  Firstrade vs E Trade

Best Online

Stock Brokers

  1. Firstrade
  2. Fidelity
  3. Charles Schwab
  4. E Trade
  5. Merrill Edge
  6. Trade Station
  7. Speedtrader
  8. Robinhood
  9. Sogo Trade

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
7 Ways to Lose Money in the Stock Market Newsletter

Latest Reviews

Ballroom Dancing Lessons

Copyright Registration

Drum Lessons

Health Insurance

Keto Diets

Online Fitness

Painting Lessons

Self Publishing Companies

Teeth Whiteners

VOIP Services

Wedding Planning Software

Wills

 

Individual Reviews

TD Ameritrade

Firstrade

Fidelity

Charles Schwab

E Trade

Merrill Edge

Trade Station

Speedtrader

Robinhood

Sogo Trade

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

Firstrade vs E Trade

Best Online Stock Brokers

To help you find the Best Online Stock Brokers, TopConsumerReviews.com provides you with an in-depth comparison of Firstrade and E Trade.

To see ALL of our reviews for the Best Online Stock Brokers, please Click Here

Who is the Best Online Stock Broker? Whether you consider yourself an avid investor or a beginner just starting to look into the stock market, it's easy to get overwhelmed by all of the stock trading options. Although some people still use traditional stock brokers, many people have found they can save a lot of money by trading stocks themselves.

Besides significant cost savings, another great advantage to executing your own transactions is that you can avoid the time and energy necessary to deal with "professional" stock brokers. Many of these individuals try to convince you to buy or sell stocks, because they earn a commission every time you make a transaction. With online stock brokers, you never have to talk to any salesmen.

Continue reading below reviews

Best Reviews

2019

Online Stock Broker Reviews

4.5 stars
Firstrade

FIRSTRADE Visit Site

Cost:

$0 for all online trades

$19.95 (+ $.50/contract) for all broker-assisted trades

Minimum Deposit:

None

Since 1985, Firstrade has been a leading brokerage firm offering a complete line of investment tools and products for every level of investor. This stock broker was one of the very first to get online, and they've received plenty of industry awards - Forbes, Smart Money, and Barron's have frequently named Firstrade among their top choices for online brokers, especially when it comes to commissions and fees.

You'll soon see why: Firstrade doesn't require any minimum deposits, and in August 2018 the firm eliminated all commissions for stocks, ETFs, options, and mutual funds. That's right: you won't pay anything in fees for most transactions completed through the broker's online platform. Ever.

That means that you can trade using your dashboard, online or via mobile app, at no cost other than the price of the stocks themselves. Some of the newest features added to the Firstrade app at the time of our review were advanced charts, equity ratings, and an improved trading/research interface.

You'll also have access to a wealth of information once you open an account. Click on the Research & Tools heading to see what you can expect from Firstrade, including video commentary from trusted independent analysts, Market Heatmap, Morningstar ratings and research reports, and much more.

The only drawback to using Firstrade that we could find is the lack of advisor help, either automatic or with an investment professional. Most online stock brokers offer at last one, if not both. In other words, if you need some hand-holding while buying and selling stocks and strategizing your approach, Firstrade might not be your top pick. Otherwise, if you're comfortable doing the research using the educational resources this stock broker does offer online, you'll probably be very pleased with your experience.

Firstrade jumped almost to the top of the industry when it announced their fee-free trading structure, making them an excellent choice for most investors looking for an affordable online stock broker.

Visit Site

3.5 stars
E Trade

E TRADE Visit Site

Cost:

$6.95 per stock trade for fewer than 30 trades/quarter

$4.95 per stock trade for 30+ per quarter

Minimum Deposit:

$500

If you like the idea of having an online stock broker who was responsible for executing the very first individual investor electronic trade over 30 years ago, E*TRADE is that company.

At the time of our review, E*TRADE offered up to 500 commission-free trades and up to $2500 in cash credit to investor accounts. In order to qualify, you had to deposit or transfer at least $10,000, with the highest rewards offered for accounts of $1 million or more. Or, if you prefer to start small, you can make the minimum investment of $500 and get stock trades at $6.95 (fewer than 30/quarter) or $4.95 (30+ per quarter).

E*TRADE has all three types of stock trading available: self-directed, assistance from financial consultants, or professional portfolio management. Customers report receiving excellent customer service with all 3.

Clients also have positive things to say about E*TRADE s trading platform. You should have an easy time using the OptionsHouse platform, either on your browser or tablet, to research and trade stocks/options/ETFs/futures. This platform is geared towards active traders, however, so you may find yourself more comfortable with their basic web platform if you're looking for information and tools focused on less-frequent stock trading.

Although E*TRADE has name-brand recognition from its long-standing history as an online stock broker, in some ways they've been passed by the competition within the basic investor/consumer marketplace. When compared with online brokers that charge low or no fees per stock trade, and/or who require no minimum investment, E*TRADE comes up a little short. But, for overall trustworthiness and solid tools for investors, especially active traders, they're still a strong contender.

Visit Site

Continued from above

And, of course, with fluctuations in the economy, and subsequent rises and falls in stock prices, some people panic and pull out significant investments - leaving the door wide open for others to take advantage of big opportunities to buy low and hopefully sell high later.

Of course, the best online stock brokers do have the option to work with a consultant if you choose. Especially if you're just starting to learn about investments, you may feel more comfortable knowing you can access an expert if the need arises. These services may be included, or you may have to pay for them a la carte.

So, when choosing the right online stock broker for your needs, how do you know which one is best? Before you jump in and start buying up your shares in Apple or Coca-Cola, here are some factors to keep in mind:

  • Information. From beginners to experts, having up-to-date information on the stock market is critical. What resources does the online stock broker have available to guide you in your decision-making?
  • Fees. When purchasing your stocks, will you be charged a percentage of your total buy or a flat fee? When the time comes to sell, what will you pay?
  • Reputation. What do other investors say about their experience buying and selling with the online stock broker? Have they had positive interactions with the broker when they've needed help? How many investors have chosen this particular broker's services?

TopConsumerReviews.com has reviewed and ranked the best online stock brokers available today. We hope this information helps you choose the right broker for your stock buying and trading needs!

No Bottom in Sight for Online Broker Stocks

The stock posted an all-time high at $722.50 in 1999 ... This trajectory lowers the odds that the downtick that started in 2018 has come to an end. The Bottom Line The nation's largest online brokers ...

Published:  Thu, 17 Oct 2019 09:16:00 GMT



DriveWealth Partners with Chaka, New Global Trading Platform in Nigeria, to Increase Access to U.S. Stock Market

The company offers best-in class technology for international trading to Nigerian investors ... enabling investors of any size to gain affordable access to the U.S. stock market with a straightforward ...

Published:  Wed, 16 Oct 2019 11:11:00 GMT



At the Highs, Walmart Stock Comes Down to Trust

Still, buying WMT stock at its current levels requires trust not only in the company, but in the American economy. Meanwhile, Walmart has moved heavily into e-commerce, both through acquisitions and ...

Published:  Fri, 18 Oct 2019 09:34:00 GMT



Snap stock rises after Bank of America turns bullish

Shares of Snap Inc. SNAP, +1.14% are up 1.3% in Friday morning trading after Bank of America Merrill Lunch analyst ... average revenue per user as it benefits from the secular shift of TV ad dollars ...

Published:  Fri, 18 Oct 2019 06:47:00 GMT



Charles Schwab eliminates online trading commissions: Fee war escalates, stock tanks

NEW YORK - Charles Schwab is dropping commissions for online trading of U.S. stocks and exchange-traded funds ... The industry has been slashing fees across investments for years, as customers demand ...

Published:  Tue, 01 Oct 2019 09:15:00 GMT



Beware Hidden Costs of Free Online Stock Trading Programs

You can use online tools, such as the SEC's mutual fund cost calculator, to gauge the impact of your expenses. As you add up your fees, don't overlook other online brokerage costs you might pay, such ...

Published:  Thu, 03 Oct 2019 17:34:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure