Firstrade Commissions
| Investments | Commissions |
|---|
| Stocks and ETFs | $0 |
| Options | $0 |
| Mutual funds | $0 |
| Treasury Bills, Notes, Municipal and Agency Bonds, Zeros & Strips | net yield basis |
| CDs | $30 for primary market CDs, net yield basis for secondary market CDs |
| Investments | stocks, options, mutual funds, fixed income, CDs, ETFs |
| Minimum deposit to open an account | $0 |
Firstrade Margin Rates
|
Debit Balance
|
Firstrade Margin Rates
|
|
above $1,000,000
|
8%
|
|
$500,000 - $999,999
|
9.5%
|
|
$250,000 - $499,999
|
10.5%
|
|
$100,000 - $249,999
|
10.75%
|
|
$50,000 - $99,999
|
11.25%
|
|
$25,000 - $49,999
|
11.75%
|
|
$10,000 - $24,999
|
12%
|
|
$0 - $9,999
|
12%
|
Credit Sweep Interest
|
Dollar Range |
Interest Rate |
|
$0.01 - $24,999 |
0.15%
|
|
$25,000 - $99,999 |
0.15%
|
|
$100,000 - $499,999 |
0.15%
|
|
$500,000 - $999,999 |
0.15%
|
|
$1,000,000+
|
0.15%
|
Firstrade Hidden Fees
Firstrade promotes straightforward pricing on its website. Even so, there are still situations where fees can apply, and investors should know about the following charges.
Firstrade applies a $19.95 short-term redemption fee to mutual fund shares sold within 90 days. In addition, redemptions under $500 can also trigger a $19.95 fee unless the entire value of that fund position is below $500. Some mutual funds may also have their own redemption fees.
Secondary market CDs at Firstrade are quoted on a net-yield basis, which means the broker’s markup or markdown is built into the yield instead of being shown as a separate commission. Primary market CDs currently carry a $30 charge.
Firstrade does charge for broker-assisted orders in some cases. Phone orders for stocks and ETFs cost $19.95, and options orders cost $19.95 plus $0.50 per contract. Broker-assisted no-load mutual fund orders also cost $19.95, while broker-assisted load fund orders do not have a Firstrade charge.
ADR holders at Firstrade may be charged a custody fee by the ADR sponsor, typically ranging from $0.01 to $0.05 per share. This fee is not set by Firstrade and is usually deducted from dividends or debited to the account if no dividend is paid.
Firstrade does not charge IRA fees for conversions, recharacterizations, or account closures. Traditional-to-Roth conversions and IRA recharacterizations are processed without a Firstrade administrative fee.
Options exercises and assignments at Firstrade are not subject to an additional exercise or assignment fee beyond standard options pricing, which is $0 per contract for online trades (regulatory and exchange-related fees may still apply).
Firstrade offers check writing and a debit card through its Cash Management Account for eligible customers, and these features do not carry an annual fee from Firstrade.
Charges That Firstrade Does Not Impose
Broker-assisted trades for load mutual funds are not subject to Firstrade service charges beyond the fund’s own sales load, when applicable.
Firstrade does not charge account inactivity, maintenance, or annual account fees.
Firstrade Monthly Fee
Firstrade does not charge monthly fees.
Firstrade Other Fees
| Third Party Distribution Notification |
$20 |
| Outgoing Wire Transfers (Domestic) |
$25 |
| Outgoing Wire Transfers (Foreign) |
$25 |
| Overnight Check Fee - Continental U.S. account only |
$50 |
| ACAT Transfer Out |
$75 |
| Partial ACAT Transfer Out |
$55 |
| IRA Annual Fee, IRA Account Set-up Fee, IRA Maintenance Fee |
FREE |
| IRA Roth Conversion & Recharacterization Processing Fee |
FREE |
| IRA Termination Fee |
FREE |
| Foreign Security Transfer Fee |
$75 |
| Foreign Free Receives/Delivers |
$75 |
| ADRs Custody Fee |
$0.01~0.05/share |
| Mailgrams / NYSE Extensions (per item) |
$25 |
| Sell-Out / Buy-In Notices |
$25 |
| DTC Delivery (per security) |
$50 |
Broker-Assisted Orders
| Stocks/ETFs | $19.95 |
| Options | $19.95 + $0.50 / contract |
| Load Funds | No Charge |
| No-Load Funds | $19.95 |
Firstrade Review
Read detailed
Firstrade Review
Updated on 4/20/2026.
Arthur Chachuna is a professional personal finance blogger, and the owner of Brokerage-Review.com.
He has been an avid investor for 25 years, and has a background in both applied math and programming.
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