The company is offering three promotional offers at times including referring a friend, win free rebate and free brokerage transfer option. The broker is offering a bonus of $50 on referring a friend. Clients depositing a minimum amount of $2000 can place 500 free trades. Clients depositing $25000, $50000 and $100,000 will receive $100, $200, and $300 as a bonus reward along with free 500 trades respectively. However, those traders who wish to change their broker and like to join Firstrade can join them for free.
The broker has a competitive pricing structure.
It charges its clients a flat fee of $2.95 per trade. The same charges apply on options trading with little extra charges of 0.50 per trade. The broker allows its clients to trade mutual funds at $9.95. However, broker assisted option, and stock trades are charged at $19.95 per trade. Firstrade has a margin interest of 7.50%.