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Anonymous

06 Nov 2020

∙

General Investing

Anyone has used Firstrade before? Could you share your experiences please?

Been seeing advertisements on a trading platform called Firstrade with $0 fees on trading and commissions. Any advice on the platform from anyone who has used it?

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Daryl Wilfred

06 Nov 2020

Marketing at Royal Melbourne Insitute of Technology

I've been using Firstrade for the past 6 months now. I would have to say it's got one of the best mobile interfaces & is slowly catching up within my peers after I had introduced them to it. The great thing is that there is no minimum balance, no account maintenance fee & $0 commision. The catch however is the outbound FOREX transfer that you have to incur. I had been using OCBC to do so & I get charged SGD22 for a USD2,000 transfer. Just learnt about DBS Remit & it's fees are lower and it's transfered within a day.

My take is that Firstrade is great if you're looking for active trading so that you save on the trading fees. I have certain shares that I keep for passive stocks & certain that I trade on a weekly basis. So, I do save a fair bit there. Hope this helps.

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Billy

19 Jan 2020

Development & Acquisitions Manager at Real Estate Private Equity

I went online to search more about this trading platform and came across this review -- https://forums.hardwarezone.com.sg/money-mind-2...

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Lim Chun Long Jimmy

18 Jan 2020

Co-founder at PolicyWoke (Traded Endowment Policies)

Firstrade Securities is an online US broker that allows Singaporeans to open an international accoun...

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