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Open New Firstrade Account in 2026
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Firstrade New Account Application
Firstrade’s popularity as a low-cost broker that also supports a strong selection of securities to
trade and offers a solid trading platform has been steadily growing as the no/low-cost brokerage
space heats up. If you are considering opening a Firstrade account, you’ve got nothing to lose since an account is free to open and maintain with no minimum balance requirement. This article will walk you through the account opening process step by step.
Opening a Firstrade Account
The first step is to open up Firstrade’s account is to click on their promotion offer:
Up to $250 in ACAT fee rebate at Firstrade.
and then
click on the orange “Open an Account” button in the center at the top of the screen.
This link will take you to the first step (below). Here enter your full name and email
address.
The next step will be to choose the account type that you would like to open (see our other Firstrade article for a description of the different account types). This is also where you can select whether or not you want special features for your account, including extended hours trading, options trading, and enabling margin (this option requires a $2,000 minimum balance).
Next, Firstrade will ask for your contact information, such as your mailing address, SSN, phone number, etc. Firstrade needs this information for a number of reasons, most important of which is that they are legally required to collect this information before opening your account. More important to you, is that having this information will let them know where and how to reach you if they need to get in touch and where to send important account and tax-related documents.
On the next screen, they will ask you for your employer’s name and address and your salary and net worth. While this is less important than the personal information they’ve already asked for on the last screen, most brokers will ask for these details to make sure any investing advice they give you is appropriate for your financial situation.
We’re getting close to the end… just a few more questions. The next screen will ask for a few more details about your investing goals and experience and then ask about any possible affiliations to financial organizations, such a FINRA, or involvement or ownership in publicly traded corporations. All brokers are required to ask these questions, and most people answer no.
The last step is to fund your account (which you can do now or later) and agree to Firstrade’s terms of use. You can easily fund the account by clicking on your bank’s icon in the below screenshot and entering your bank account and routing number. ACH transfers will generally appear in your account the next business day and take a few days to settle.
How Long Does Firstrade Application Take?
The account opening process at Firstrade usually takes about a day, although it can take a bit
longer. According to the firm itself, if the process takes more than 3 days for any reason,
it is very likely due to the account signup team confirming some of the information provided
in the application.
How To Open Firstrade Account Conclusion
In summary, opening a Firstrade account is a quick and easy process. Firstrade keeps it simple by only asking for the standard
personal information that all brokers will request. Once this is submitted, you can instantly view and deposit funds to your
account.
Updated on 1/12/2026.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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