Firstrade Securities


Firstrade Securities is a stockbrokerage firm and broker-dealer headquartered in Flushing, New York that offers an electronic trading platform to trade financial assets including stocks, exchange-traded funds , options, mutual funds, and bonds.
The company does not charge commissions for most financial transactions; however, it does not offer advisory services.
Firstrade offers special services such as Chinese online trading sites and Chinese toll-free phone help.

History

The company was founded in 1985 by John Liu, as First Flushing Securities. First Flushing Securities served the investment needs of the local community.
In 1997, the company was renamed to Firstrade Securities Inc. and the company launched Firstrade.com. Since its inception, the online discount brokerage website has undergone five revamps of the site, with the latest in early 2011.
In April 2010, Taifook Securities Company Limited, a wholly owned subsidiary of TSG, signed an agreement with Firstrade Securities, a US online broker, for cross-border securities trading business. Most development of Firstrade's site is in-house. Firstrade held its branch grand opening on August 15, 2014 and is now servicing customers with online brokerage accounts from two new convenient locations.
In April 2018, Firstrade began offering trading of ETFs without a commission fee.
On August 23, 2018, Firstrade eliminated its commissions on trades of stocks, exchange-traded funds, options, and mutual funds.