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 more than 20 countries can open a Firstrade account and invest in the U.S. financial markets. Most brokerages allow US investors only to open accounts.
Check out Investor Junkie’s Firstrade review. This brokerage recently wowed us by slashing trading fees to $0. That is an amazing deal, especially since many brokers are still charging $4.95 and up per trade.
Firstrade is currently offering several promotions to entice you to try them out:
Get Up to $25 in Wire Transfer Rebates
Wire transfers are the preferred method for transferring funds into a Firstrade investment account. In fact, the funds are available for trading immediately upon receipt.
Now whenever you make a wire transfer of $25,000 or more into an account, Firstrade will rebate your wire fees up to $25 per wire. You can take advantage of this promotion up to four times per month, too. Rebate claims must be submitted online through your account within 30 calendar days after the receipt of the wired funds.
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.