Fund Your Account - Firstrade (2024)

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. An investor should understand these and additional risks before trading. Carefully consider the investment objectives, risks, charges and expenses before investing. 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 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, and 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.

Crypto trading on Firstrade platforms is served by Firstrade Crypto LLC and offered through APEX Crypto. Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Firstrade Crypto LLC. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Crypto trading involves substantial risk of loss and there can be significant volatility in the price of cryptocurrencies. The value of cryptocurrencies may fluctuate, and, as a result, clients may lose more than their original investment. Crypto trading involves substantial risk of loss and is not suitable for every investor, please ensure that you fully understand the risks involved before trading.

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.

© 2023 Firstrade Securities Inc. All rights reserved. Member FINRA/SIPC.

Fund Your Account - Firstrade (2024)

FAQs

How do I fund my Firstrade account? ›

Here are 2 simple methods for you to fund your Firstrade account:
  1. Wire Transfer – It only takes 1-2 business days for your wire transfer to be deposited into your Firstrade account. ...
  2. ACH Electronic Funds Transfer - If you have a U.S.-based bank account, you may link your bank account to your Firstrade account.

What is the deposit limit for Firstrade? ›

Firstrade limits ACH deposits to $100,000, and withdrawals to $50,000 in a consecutive five business days period.

How do I withdraw money from Firstrade? ›

Login to your Firstrade account. Go to Accounts > Deposit/Transfer. Under the Withdraw column, select Electronic Funds (ACH). Enter the withdrawal amount and click Preview.

What bank does Firstrade use? ›

Firstrade Cash Management Account's checking-writing and Visa® debit card services are provided by UMB Bank, N.A. *Check writing is only available for U.S. domestic accounts.

How do you fund trading? ›

How do I fund a trading account? Many online brokers make it easy to open an account quickly and without a lot of money. Some require no initial deposit. However, you will need to fund the account from your checking, savings, or another brokerage account before you can begin trading.

Is Firstrade a Chinese company? ›

Founded in 1985, Flushing, New York-based Firstrade is a deep-discount online broker that offers $0 stock, ETF, mutual fund, and options trades. Firstrade was among the earliest U.S. brokers to launch retail cryptocurrency trading.

What is the minimum balance for a trading account? ›

Before understanding the trading charges, you need to understand that there is no minimum amount or balance requirement for a demat account. You can keep your demat account empty or store all financial assets.

How much money do you need in your account to trade? ›

First, pattern day traders must maintain minimum equity of $25,000 in their margin account on any day that the customer day trades. This required minimum equity, which can be a combination of cash and eligible securities, must be in your account prior to engaging in any day-trading activities.

How much money can you have in a trading account? ›

Investors can have as many brokerage accounts as they want, and there is no limit to how much money you can deposit into your taxable brokerage account each year.

Can I withdraw all my money from brokerage account? ›

You can take money out of a brokerage account at any time and for any reason—just like you could with a regular bank account—without paying an early withdrawal penalty. You would have to wait until age 59 1/2 to take money out of a 401(k) or IRA without penalty.

Does Firstrade charge fees? ›

Like many in the brokerage industry, Firstrade offers zero-commission trading of stocks and ETFs. Firstrade stands out when it comes to fees charged on other investments. While the average broker charges around $0.65 per contract on option trades, Firstrade ditches the fee altogether.

Can I withdraw trading balance? ›

No matter how much you invest and in what instruments, there comes a time when you would want to withdraw funds from your trading account. This process of removing funds from your trading account to the registered bank account is known as Funds Payout.

Can you buy crypto on Firstrade? ›

Welcome to Firstrade Crypto trading platform. Diversify your portfolio and trade cryptocurrencies like Bitcoin and Ethereum today!

How does Firsttrade make money? ›

Firstrade makes money primarily from interest generated on its credit balances and margin balances, similar to how a bank makes interest on deposits and mortgage income. Firstrade also receives income through routing venues and shares execution income.

What are the benefits of Firstrade? ›

Why Firstrade
  • Safe & Legal. Firstrade is also a member of FINRA and SIPC. ...
  • Zero Commission. You can trade stocks, ETFs through online or mobile devices with our $0 commission per trade. ...
  • Full Suite of Investment Products. Trade Stocks/ETFs, Options, Fixed Income & over 11,000 Mutual Funds.
  • Trade Ideas.

How do you fund a stock account? ›

To fund your account, you'll need to transfer money from a linked bank account, such as your checking or savings.

How to transfer money to my National bank brokerage account? ›

Via eTransfer directly through our trading platform. Via telephone by contacting our team at 1‑800‑363‑3511.

How do I transfer my trading balance to my bank account? ›

How to Transfer Money from Demat Account to Bank Account?
  1. Log into your trading account which is linked to your Demat account and select the 'Funds' section. ...
  2. Under 'Funds', choose whether you want to add funds for buying new stocks or withdraw the amount raised from the sale of existing securities.

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