facebookTD Ameritrade VS Firstrade. Which is better? Which do you use? Any referral? - Seedly

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Anonymous

06 Dec 2020

βˆ™

General Investing

TD Ameritrade VS Firstrade. Which is better? Which do you use? Any referral?

Have been using Tiger Broker, although the commission fee is relatively low, it still incur cost since I have been placing order quite often.

Since both TD Ameritrade and Firstrade have 0 commission, which will you use and why? How is the forex for both in comparison?

Have never heard of Firstrade until recently. Is this safe?

Please share referral if you have. Tks.

Discussion (2)

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Lin Yun Heng

06 Dec 2020

Senior Analyst at Delphi

I have been an advocate of Firstrade for the entire year now. Can attest that it has the following:

  1. Wire transfer via Stan Chart/DBS/POSB have $0 remittance fee charges, and will be in the Firstrade account in 1 day (or less)

  2. FREE Morningstar Premium for ALL US Stocks/ETFs

  3. Free Options Trading/Stocks Trading with no commissions fee

  4. Sleek UI on their phone and tablet app, I was mindblown when I used it. Need to use them yourself you will be amazed.

  5. Trade execution is almost 0 seconds. Again a mindblowing feature (makes SG brokers look like a joke/dinosaur)

  6. Got option for you to opt for Margin account, which is where they earn their revenue. Use CASH ACCOUNT if you want to use everything for free.

  7. Customer Service reply speed is extremely quick. Been using their service since March 2020.

I wrote an article here about Firstrade and you may want to find out more here

There is no other broker that even comes close. I can attest this myself because I personally tried both brokers you mentioned and found Firstrade to be the best for US stocks.

Maisul

25 Nov 2020

Youtuber at Google (Channel : Say Do Invest)

Td ameritrade just stopped their referral program back in august ever since they launched the free commission offer.

I would go for the free commission broker!

But of course it only applies for US stocks.

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