Firstrade is one of the oldest online brokerage firms out there. It’s different than others because of its international nature. For example, it’s the only brokerage translated into Chinese. Also, investors from over 20 countries can open a Firstrade account and invest in the US financial markets. Most brokerages allow US investors only to open accounts.
Check out Investor Junkie’s Firstrade review. What we like about Firstrade beyond its international capabilities, is a relatively low-cost brokerage firm. There is no minimum deposit required to open an account with them, and it only costs $2.95/trade.That is incredibly cheap since most brokerages are still charging $4.95 and up per trade.
Firstrade is an international and low fee brokerage firm, and they are offering several promotions to entice you to try them out:
Earn $300 Cash and 500 FREE Trades with Firstrade
When you open an account and deposit at least $2,000, Firstrade will reward you with 500 free trades. That’s not a bad deal when you consider that’s a $1,475 value. Moreover, if you open a Firstrade account and deposit $100,000, they will reward you with $300! Here are the varying tiers:
- Deposit $2,000 – Earn 500 free trades.
- Deposit $25,000 – Earn 500 free trades and $100 in cash.
- Deposit $50,000 – Earn 500 free trades and $200 in cash.
- Deposit $100,000 – Earn 500 free trades and $300 in cash.
Get a Transfer Cash Reward of $200
This offer is only available through May 31, 2018 – so take advantage while you can!
Firstrade is giving away $200 to customers who open an account and fund it by transferring money from another brokerage firm. The account must remain open for a full 12 months and you must transfer at least $2,500. The type of account you open can be either a regular trading account or an IRA.
So combining this promotion with the one above – if you open a Firstrade account and transfer $2,500 from an existing brokerage account, you’ll earn $200 and 500 free trades. I think I might do that!
Already Use Firstrade? Earn $50 for Referring a Friend!
Yep, they will deposit $50 in your account if you refer a friend to open a Firstrade account (using a special link) and your friend deposits at least $2,000 into account AND makes a trade within 30 days.