Firstrade

Stash Transfer Fee (ACAT on Brokerage and IRA Account) 2020


How much does Stash charge in ACAT fee for full and partial IRA and taxable brokerage account transfer (stock and ETF positions). Cost of Stash transfer fee on eligible assets. Outgoing wire charges.



Stash Transfer Fee (ACAT Fee)


Stash ACAT fee is $75 for a full account transfer (stock positions and ETF's). If you move your account to Ally Invest, they will reimburse this ACAT fee.


Stash Account Transfer


If you no longer find the novelty of a Stash Invest app appealing and you're looking to transfer to a more traditional brokerage, then read on. Stash Invest app offers outgoing ACAT transfers for an industry standard price of $75.

The cost of this transfer is likely to be offset by your new brokerage's reimbursement of your transfer fees. Not all brokerages offer ACAT reimbursement so please make sure that your new brokerage offers reimbursement prior to moving your funds. Some popular brokerages that do offer reimbursement of ACAT fees include: Webull, Ally Invest, and Firstrade.


Stash Top Competitors








Overview of Stash and Firstrade


Firstrade is an older brokerage firm that has adapted to recent changes in technology and commission schedules. Stash is a completely new firm that tries to offer something new. Let’s see who the outperformer is.


Pricing


Broker Fees Stock/ETF
Commission
Mutual Fund
Commission
Options
Commission
Maintenance
Fee
Annual IRA
Fee
Firstrade $0 $0 $0 $0 $0
Stash $0 na na $1-$3-$9 month $1-$3-$9 month


Category 1: Investment Vehicles


At Firstrade, investors have access to exchange-traded funds, mutual funds, closed-end funds, options, fixed-income securities, and stocks. This last category includes over-the-counter and penny stocks.

Stash customers can trade equities and exchange-traded funds. These are the only 2 products the brokerage firm provides. There are no penny or OTC stocks, and shockingly, the company does not provide all US-listed stocks. Some large ETF’s aren’t available, either. One positive note here is that Stash clients do have the ability to buy fractional shares, a rarity in this industry.

Across the board, we like Firstrade better in this category.


Promotions


Firstrade: Get $0 commission in ALL trades!

Stash: Get $5 bonus when you open new account.



Category 2: Security Research


Stash customers do not get an equity screener, and profile pages on the broker’s website have scant information. There are just a few data points, such as price change, company description, and a small chart with no tools. Stash displays a risk level on a stock’s profile page, but for some strange reason, the rating is always the same (aggressive).

Firstrade does offer security screeners. We found search tools for stocks, ETF’s, mutual funds, fixed-income products, and options. The broker’s stock screener is able to look for potential investments based on sector, exchange, market cap, price ratios, dividend yield, analyst rating, and more.

Stock profiles on the Firstrade site are pulled from Morningstar. While this may seem like an easy road for the broker to take, it is a method that produces loads of information. Valuation, commentary, and ratings are all available from the analyst, among many other data points.

Firstrade takes another conquest.





Category 3: Websites


The Stash website is uncomplicated, but it fails to deliver much in the realm of actual trading. Not only is there no browser platform or trade bar, there actually is no order form. Customers simply submit a request to buy a dollar amount of a stock or ETF, and then it’s up to Stash to complete the order.

Another failure of Stash in this category is that it has no charting tools. Furthermore, there are no alerts and no watchlist.

Like Stash, Firstrade fails to offer desktop software or a browser platform. But it does have a very usable trade bar. Sitting at the bottom of the computer monitor, it is able to send orders for stocks, ETF’s, closed-end funds, and even option contracts to the major exchanges.

Firstrade is our pick once again.


Category 4: Mobile Apps


Stash clients can use a mobile app on either Android or Apple phones. There is no mobile check deposit, but there is an ACH-in transfer tool. Strangely, it is not possible to transfer funds electronically out of Stash on the mobile platform. Most of the website’s tools (and absences) repeat themselves on the mobile app. iPhones get Touch ID.

Firstrade’s app also functions on Apple and Android phones; and like Stash, iPhone users can use Touch ID. But Firstrade goes further and provides charting capability with a lot of great features. There are 7 graph styles, more than 50 technical studies, and up to 5 years of price data. A watchlist is on the app by default. It is possible to add and delete entries. A really nice feature we liked during our test drive of the software was the ability to buy or sell a security on a watchlist by swiping the entry.

Another success for Firstrade.


Category 5: Other Services


Firstrade customers can enroll in a free DRIP service, but Stash customers cannot. While both investment firms do offer retirement accounts, Firstrade has more IRA types. Firstrade is also the only broker in this competition to offer target-date funds.

Stash offers multiple types of automatic investments, while Firstrade offers automatic purchases of mutual funds.

Another defeat for Stash.


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Our Recommendations


Beginners: If you’re new to trading, we are able to recommend either broker. Firstrade has better learning materials and customer service, while Stash offers a free portfolio builder tool on its website that leads newbies step-by-step in creating an investment portfolio.

Retirement Saving: With target-date mutual funds, and a larger selection of both IRA’s and ETF’s, Firstrade is our pick for nest-egg builders.

Long-Term Investing: If you’re a buy-and-hold investor rather than a short-term trader, we suggest you pick Firstrade for its large selection of mutual and exchange-traded funds.

Stock and ETF Trading: If you plan to frequently trade stocks or ETF’s, Firstrade’s website trade bar is the best tool in this survey to use.


Firstrade vs Stash Summary


Firstrade wins this contest by a landslide. We do recommend Stash, however, for its cash management tools and fractional shares.