Firstrade

Firstrade Promotions 2020


Current Firstrade promotions, free trades offers, bonus incentives. July 2020 best Firstrade promotion for opening new account or for existing customers depositing cash into regular brokerage account, ROTH IRA, or 401K rollover IRA.



Firstrade Promotion



Open Firstrade Account


Firstrade Free Stock Referral


Open Firstrade Account


Firstrade Friend Referral Bonus


Here is how to get your free stocks with Firstrade:

1. To refer friends, get free stocks, you first need to open a brokerage account with Firstrade to allow them to deposit free stocks into your account – there is no money deposit requirement. (The program is currently available to legal U.S. residents only).

2. Invite friends to open a Firstrade account by simply sharing your referral link.

3. Once a friend’s application is complete and approved, you and your friend will each receive free stock in both of your accounts funded entirely by Firstrade.

4. Each time you share your referral link with your friends, you are 100 percent guaranteed by Firstrade that you and your friends will each receive a free stock. You will also have a one in 100 chance of receiving a free stock of Apple, Facebook or Microsoft.


Firstrade Competitor Promotions









Firstrade $600 Cash Bonus - Expired


This Firstrade offer has expired.

Offer valid for one new domestic Individual, Joint or IRA Firstrade account opened from 02/25/2020 to 04/15/2020 and funded within 30 days of account opening with $5,000 or more. You must click on link above and use promo code "FTCASH" when opening the account.

To receive $25 in Cash Rewards, the account must be funded with $5,000 - 9,999 or more.

To receive $50 in Cash Rewards, the account must be funded with $10,000 - 24,999 or more.

To receive $100 in Cash Rewards, the account must be funded with $25,000 - 49,999 or more.

To receive $200 in Cash Rewards, the account must be funded with $50,000 - 99,999 or more.

To receive $300 in Cash Rewards, the account must be funded with $100,000 - 249,999 or more.

To receive $600 in Cash Rewards, the account must be funded with $250,000 or more.

This offer only applies to initial funding. The Cash Rewards will be credited to your Firstrade account after funding. (Firstrade Offer Code: FTCASH)

You may fund your account using any of the following methods: Check deposit, ACH, wire funds, or asset transfer from another brokerage firm.


Firstrade Transfer Offer Details


New customers who open an individual or joint account, or IRA (Roth, Traditional, or Rollover) by clicking on the link above will receive up to $200 transfer fee reimbursement. Offer is valid until December 31, 2020.

Firstrade will rebate ACAT fees charged by another broker, up to $200, for customers who complete an account transfer of $10,000 or more in assets.

This Firstrade promotion offer is not valid for current Firstrade accounts or internal transfers. It is not transferable. There is a limit of one offer per account category.





Firstrade Review

Firstrade rating

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Firstrade Overview

In addition to new customer promotion, Firstrade has been delivering low-cost investment services for more than 35 years. Nevertheless, it isn't one of the first companies traders usually think of when choosing a broker. It doesn't advertise as much, nor is it the most popular firm. All the same, this broker has several attractive features that many investors could find to be a good value.


Firstrade


Trading Fees and Account Minimums


The broker's charge for trading ETF's and stocks is just $0, definitely making the broker an ultra-low-cost firm. Derivative traders pay an extra $0 per contract for options, the lowest price in the industry. Clients who prefer to place a trade with a live broker are charged $13, another great value.

Accounts have no maintenance or inactivity fees. There is no minimum initial deposit requirement, making this firm a good broker to take for a test drive.

Margin accounts are available. Debits under $10,000 currently cost 9.75%, and those over $1,000,000 are 5.25%.


Retirement Accounts


A unique feature of Firstrade is the availability to open IRA accounts such as Roth, SIMPLE, SEP, and Rollover retirement accounts. Managing the IRA follows the same commission schedule as mentioned above and closing out an IRA is free of charge. Over 10,000 mutual funds are also available on Firstrade from Allianz, BlackRock, Fidelity, and more.

IRA’s and Mutual Funds sections are located in the navigation menu. Additional information and resources are also available here to educate users on savings techniques, goal setting, risk management, and business planning.


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Mutual Funds


Although Firstrade has the most transaction-fee funds we have seen, it actually doesn’t have the largest list of no-transaction-fee, no-load funds. TD Ameritrade, for example, offers more than 4,200 of these products, about a thousand more than Firstrade offers.

Firstrade’s total offering of 10,000 funds is also smaller than Ally Invests' list of almost 12,000. Funds at Ally with loads are free to trade, and there are about 9,000 of these funds.

Pulling information from Morningstar gives Firstrade more detailed profile pages than WellsTrade or Chase You Invest offers. But Schwab provides mutual fund report cards, something that Firstrade isn’t able to do because it’s simply displaying information from Morningstar’s site.

As for educational resources, we’re pretty disappointed in Firstrade’s learning section. More thorough resources will be found at E*Trade along with a free mutual fund advisory tool.


Firstrade Bonus Disclaimer


2020 Firstrade cash bonus offer details to open new account (IRA or taxable) could change at any time without notice.