$0 Commissions & $0 Contract Fees

Generate Income on your Stock/ETF Portfolio

Take directional views with leverage and limited risk

Hedge Your Portfolio with Risk-Reduction Strategies

Firstrade offers true value investing with $0 commissions, 

$0 contract fees and no exercise or assignment fees for options trades. 

With these savings, there’s no reason to trade options elsewhere.

Firstrade

E*Trade

Charles Schwab

Fidelity

Merrill Edge

Pricing for competitors were obtained from their published web sites on January 9, 2026. Some brokers may lower the fees listed above if certain balance or activity requirements are met. The competitor fees are believed to be accurate, but may be subject to change. Please contact each individual firm to confirm their latest fee schedules.

Firstrade was established in New York in 1985 and is a pioneer in the online brokerage industry.

Need Help?

U.S. Toll Free 1.800.869.8800 

Email Us

Innovative trading technology, analytics, education and customer service for over 40 years.

Take advantage of our analytics tools to make more precise decisions, and trade options using advanced strategies like condor, iron condor and butterfly.

Ranked 4.5 stars by Stockbrokers.com for "Ease of Use", our platforms offer sophisticated tools to help investors of every level of experience manage trading risk.

• Use the Rolling Options feature to collect more premium or extend a trade's duration, potentially giving your stock the opportunity to further move in your favor. Rolling options are also used to collect additional premium to help lower the cost basis of a stock.
  
  
• View your potential maximum gain or loss before you place an order with the Risk/Reward Profile.
  
  
• Option Greeks measures the various factors that impact the price sensitivity of an options contract.
  
  
• Measure the different factors affecting options prices right from the options chain using Implied Volatility (IV).

Visualize key metrics like maximum profit, break-even and maximum loss, enabling you to make confident investment decisions tailored to your unique circumstances. 

The "Options Analysis" feature also serves as your strategy validator, ensuring your key order parameters – such as option types, expirations dates, strikes and transaction types – are accurate and error-free. Make data-driven adjustments to optimize your strategy and achieve your investment goals.

The fully integrated OptionsPlay let’s you find opportunities and instantly execute your ideas at Firstrade.

• Daily bullish and bearish trading ideas
• Instant strategies based on various market outlooks
• Optimal income opportunities for any Stock or ETF

Learn more >

Whether you are a beginner or an advanced options trader, Firstrade provides you with resources tools to improve your options trading knowledge.

• Free options courses for beginners & experienced traders
• Full options trading video library to jumpstart your education
• Live trading events with professional options strategists. 

Learn more >

• Discover high-quality, actionable trade setups by the hour, with the Credit Spread, Covered Call & Short Put Reports.
  
  
• Get bullish and bearish trade ideas and technical analysis delivered to your inbox weekly.

Your account is insured by SIPC for
up to $500,000. Firstrade has been serving investors for over 35 years
and is a member of FINRA and SIPC.

React to market news during 

pre-market and after-market-hours sessions with extended hours 

trading from 8am - 8pm ET.

Learn More >

Need Help?

U.S. Toll Free 1.800.869.8800 

Email Us

Brokerage Products and Services offered by Firstrade Securities, Inc.

Review Firstrade’s brokerage services with FINRA BrokerCheck.

Online trading has inherent risk due to system response and access times that may vary due to market conditions, system performance, and other factors. Before investing, an investor should understand these, and carefully consider the investment objectives, risks, charges, expenses, as well as reviewing the Self-directed Trading Account Risk Disclosure. Before trading outside of regular market hours, an investor should review Extended Hours Trading Disclosure and be aware of unique risks involved including lower liquidity, heightened volatility, wider spreads and pricing uncertainty. All investments involve risk and losses may exceed the principal invested. Past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Firstrade is a discount broker that provides self-directed investors with brokerage services, and does not make recommendations or offer investment, financial, legal or tax advice. 

Options trading involves risk and is not suitable for all investors. Options trading privileges are subject to Firstrade review and approval. Please review the Characteristics and Risks of Standardized Options brochure and the Supplement before you begin trading options.

ETF trading involves risks. Before investing in an ETF, be sure to carefully consider the fund's objectives, risks, charges, and expenses. Please read the prospectus carefully before investing. Leveraged and Inverse ETFs may not be suitable for long-term investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. ETF Information and Disclosure.

Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund or ETF carefully before investing. Leveraged and Inverse ETFs may not be suitable for long-term investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. A mutual fund or ETF prospectus contains this and other information and can be obtained by emailing service@firstrade.com.

Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. Before using margin, customers must determine whether this type of trading strategy is right for them given their specific investment objectives, experience, risk tolerance, and financial situation. For more information please see Margin Disclosure Statement, Margin Agreement, FINRA Investor Information. These disclosures contain information on our lending policies, interest charges, and the risks associated with margin accounts.

Online trades are $0 for stocks, ETFs, options and mutual funds. See our Pricing page for detailed pricing of all security types offered at Firstrade. All prices listed are subject to change without notice.

Any specific securities, or types of securities, used as examples are for demonstration purposes only. None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security.

This is not an offer or solicitation in any jurisdiction where Firstrade is not authorized to conduct securities transaction.

System response and access times may vary due to market conditions, system performance, and other factors.

Need Help? Call 1-800-869-8800 | e-mail us at service@firstrade.com

©2026 Firstrade Securities Inc. All rights reserved. Member FINRA/SIPC. Our Privacy and Security Policy.