Firstrade vs TradeStation

Firstrade vs TradeStation Comparison Table 2023
Firstrade TradeStation
4

Firstrade is #27 in our broker rankings.

Not Yet Rated

TradeStation is #12 in our CFD broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

Firstrade is a US-headquartered discount broker-dealer. With welcome bonuses, powerful tools and apps, plus commission-free trading, Firstrade Securities is a popular online brokerage.

US based broker with pricing methods split to cater for active day traders, or longer term stock holders

Pros
  • Low minimum deposit
  • Good execution speed
  • Strong regulatory oversight
Cons
  • No demo account
  • No copy trading
  • No MT4 integration
  • Few payment methods
  • Narrow range of investments
Awards
  • Best for ETF & Active Investor Commission & Fees - 2019
Bonus
Deposit Bonus Up To $4000
Instruments
Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed Stocks, Futures, E-minis, CFD
Demo Account
No Yes
Minimum Deposit
$0 $500
Payment Methods
Minimum Trade
$1 Min lot size will vary
Regulator
SEC, FINRA SEC
Margin Trading
Yes No
Margin Rate
4.50%
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS, Android and Windows
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
Yes No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered
Leverage
1:20
FTSE Spread
N/A
GBPUSD Spread<
N/A
Oil Spread
0.06 pips
Stocks Spread
0.2% Var
Cryptocurrency
Take positions on 35+ cryptocurrencies with low fees and 24/7 investing. Crypto trading not offered
Spread
Variable
Coins
  • ALGO
  • AVAX
  • BAT
  • BTC
  • BCH
  • ADA
  • LINK
  • ATOM
  • CRO
  • CRV
  • MANA
  • DOGE
  • ETH
  • ETC
  • FTM
  • LTC
  • LRC
  • MATIC
  • REN
  • SHIB
  • SOL
  • XLM
  • SUSHI
  • GRT
  • UNI
  • YFI
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
More Comparisons
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