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, bonds, CDs, ETFs |
| Firstrade minimum deposit to open 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%
|
Firstrade 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 Promotion
Visit Firstrade Website
Firstrade Hidden Fees
Firstrade advertises “No Hidden Fees” on its website. However, there are some charges investors should know about. Below are the main ones to be aware of.
Firstrade charges $19.95 for redeeming mutual funds held for less than 3 months. Selling less than $500 of a mutual fund also costs $19.95. The only exception is if the total fund value is under $500.
Secondary market CDs at Firstrade include commissions based on net yield, meaning a small markup or markdown is added to the CD price. Because it’s built into the price, the fee isn’t shown separately. Primary market CDs have a $30 charge.
If you place a trade by phone with a live agent, there’s an additional $13 fee for stocks, ETFs, and options. For no-load mutual funds, there’s an extra $10 charge.
Holders of ADRs at Firstrade pay a custody fee of 1¢ to 5¢ per share. This fee is taken from any dividends received. If no dividends are paid, the fee is taken directly from the account.
Firstrade charges a $25 IRA fee for conversions and recharacterizations. This applies when converting a Traditional IRA to a Roth IRA or reversing a conversion. Closing an IRA costs $50.
Option exercises and assignments are charged an extra $8 on top of Firstrade’s standard $0 commission.
Firstrade offers checks and a debit card, but both come with annual fees. Check writing costs $20 per year, and the debit card has a $35 yearly fee. Many other brokers provide these services for free.
Charges That Firstrade Does Not Impose
Trades for load mutual funds placed by phone with a live broker are not subject to the usual broker-assisted surcharge.
Firstrade does not charge inactivity, maintenance, or annual account fees. Some other brokers, such as WellsTrade and Vanguard, do charge these types of fees.
Firstrade Monthly Fee
Firstrade does not have monthly fees.
Firstrade Other Fees
| Third Party Distribution Notification |
$20 |
| Outgoing Wire Transfers (Domestic) |
$30 |
| Outgoing Wire Transfers (Foreign) |
$35 |
| 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 |
| Sell-Out / Buy-In Notices |
$25 |
| DTC Delivery (per security) |
$50 |
Broker-Assisted Orders
| Stocks/ETFs | $19.95 |
| Options | $19.95 + $0.65 / contract |
| Load Funds | No Charge |
| No-Load Funds | $19.95 |
Firstrade Review and Website Link
Read full
Firstrade Review.
Firstrade incentive: Up to $250 in ACAT fee rebate at Firstrade.
Firstrade fees are current as of 2026 and may change. For the latest details on Firstrade’s fees, visit their website:
Updated on 10/29/2025.
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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