Best Reviews TopConsumerReviews.com Best Online Stock Brokers Best Reviews
Best Reviews
      December 10, 2019

Home  >  Online Stock Brokers  >  Firstrade vs Trade Station

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

Copyright Registration

Gift Boxes

Home Security Systems

Maternity Clothes

Painting Lessons

PMS Relief

Website Templates

Wedding Planning Software

 

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 Trade Station

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 Trade Station.

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
Trade Station

TRADE STATION

Visit Site

Cost:

$5 per stock trade

Minimum Deposit:

$500

TradeStation is headquartered in Florida and has been in business since 1982, which makes it one of the online stock brokers with the longest history. The service focuses on active trading, with apps and other tools designed for traders - by traders.

One of the most noteworthy aspects of TradeStation is the level of trading technology made available. Often only found in the offices and on the computers of stock brokers and professional investors, the platform offers real-time search and tracking, which can be tailored to the needs of the individual investor - to get the jump on hot opportunities before the rest of the market takes notice.

Another handy tool is the TradeStation Simulator. We appreciate online stock brokers that give clients the ability to try out their investing strategies beforehand, with no risk. Especially for people who are new to real-time stock trading, this tool makes it possible to lose everything - without actually risking a penny.

Individual stock trades are priced at $5, with additional options for those who trade in bulk.

It's obvious who TradeStation is geared towards when you look at the awards they've gotten from Barron's: #2 in their Best for Frequent Traders and Best for International Traders lists, and #5 in Best for Options Traders. If none of those three categories applies to you - in other words, you're just an average investor who wants to invest in stocks every so often - you'll probably find a more comfortable experience with one of the other online stock brokers in our review, particularly those that don't focus solely on active trading.

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!

Be careful in executing PoA with stock brokers: NSE tells investors

The leading bourse has asked investors "to be careful while executing the PoA (Power of Attorney) - specify all the rights that the stock broker can exercise and time frame for which PoA is valid".

Published:  Mon, 09 Dec 2019 07:05:00 GMT



Be careful in executing Power of Attorney with stock brokers: NSE to investors

The leading bourse has asked investors "to be careful while executing the PoA (Power of Attorney) - specify all the rights that the stock broker can exercise and time frame for which PoA is valid".

Published:  Mon, 09 Dec 2019 07:57:00 GMT



Stitch Fix Stock Rallies as Results Beat Guidance

Stitch Fix stock was trading higher late Monday on better-than-expected financial results for the online clothing retailer's fiscal first quarter. For the quarter ended Nov. 2, the company (ticker: ...

Published:  Mon, 09 Dec 2019 13:55:00 GMT



Bank of America Merrill Lynch Expands Zero-Dollar Trading

Bank of America said Monday that it has expanded unlimited commission-free online stock, ETF and option trading to all Merrill Edge Self-Directed investors. "We first introduced zero-dollar trading in ...

Published:  Mon, 09 Dec 2019 08:55:00 GMT



Stitch Fix Earnings: SFIX Stock Soars 9% on Strong Q1 Results

Stitch Fix (NASDAQ:SFIX) earnings for the online clothing retailer's fiscal first quarter ... see it reporting a net loss compared to a net profit in fiscal Q1 2019. Compare Brokers Katrina Lake, ...

Published:  Mon, 09 Dec 2019 13:45:34 GMT



Why Stock Brokers Should Adopt Technology

Challenges in the Industry Sengar says that stock broking industry is struggling as retail participation is plummeting. He also points out the biggest reason for the same, "Brokers are not using ...

Published:  Mon, 02 Dec 2019 05:25:00 GMT



Lack of Profitability Is a Significant Risk for Zillow Stock

The company is the leading online real estate marketplace at a time when everything in the world is ... Yet, Zillow hasn't gone anywhere in over three years (this was a $40 stock back in mid-2016).

Published:  Mon, 09 Dec 2019 04:10:13 GMT



Share Us!   

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure