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Robinhood vs Firstrade : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Robinhood
Firstrade
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP
STP broker
Years of Existence / Established Year
2013
1985
Customer Base / Number of Accounts
24.2 M
1Million
Regulation & Security
Regulations (governing bodies)
FINRA,SIPC, SEC
FINRA, SEC
Awards Won (count for the last 2 years)
Future Trends Corporates Award -2024, Future Trends Leader Award- 2024
Best Online Brokers, Best for Options Traders award.
Security Measures
SIPC, FDIC
SIPC
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
No
Yes
Negative Balance Protection
Yes
No
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
5000+ trading instruments
2200+ ETFs including CDs, Treasury bills, Notets and bonds, Primary market CDs, Zeros and strips and more
Currency Pairs
No
No
Commodities
No
No
Indices
No
Yes- Through ETFs
Cryptocurrencies
Yes
Yes- Through ETFs
CFDs
No
No
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
Yes
No
Bonds
No
Yes
Mutual Funds
No
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
Yes
Precious Metals
No
No
Real Estate Investment Trusts (REITs)
No
Yes
Equities
No
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
No
MT5
No
Yes
cTrader
No
No
Social Trading
No
Copy Trading
No
No
Other Trading Platforms (proprietary, etc.)
Mobile, web trading, Desktop trading
Firstrade platform
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Margin, IRA, and cash account
Brokerage account- Individual, Joint, Custodial, Retirement- Retirement (Traditional IRA, Roth IRA, SEP IRA), Corporate, Trust, International, Education Planning, Business Planning
Demo Account (Yes/No)
No
No
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
$0
Leverage Available
2:1
No
Trade Limit (maximum per trade)
Depends on assets class
Depends on asset class
Commission (per account type)
$0
$0
Best Suited For (e.g., beginners, experienced traders)
Beginners
Both beginners and experienced traders
Deposit & Withdrawal Options
Deposit Methods
ACH, Instant bank transfer, Debit card, Wire transfer
Wire Fund Transfer, Check deposit, Asset transfer, ACH electronic transfer
Withdrawal Methods
Instant bank transfer, Debit card, Standard bank transfer
Wire Fund Transfer, Check Deposit, Asset transfer, ACH electronic transfer, Withdrawal of sales proceed
Other E-Wallets Supported
No
No
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Learning Tutorials, Webinars, Market news and insights, Support and community
Education Center, Investment Education Videos, Option Guide, Margin Guide, Webinars, Tax center, Blogs, Upcoming IPOs
Fees & Commissions
Trading-Related Fees
Exchange and regulatory fees: $55 per trade, with a maximum of $0.02, Margin fees: 5.75%
Commission for stocks, ETFs, Options, Mutual funds- $0, Fixed income- Treasury Bills, Notes & Bonds, Municipal Bonds, Agency Bonds, Secondary Market CDs, Zeros & Strips- Net yield basis, Primary Market CDs- $30, Broker-Assisted Stock & Options Trades- $19.95 (+$0.50/Contract)
Spread (typical, fixed, variable)
NA
Typical
Per Lot Fees
NA
NA
Options Contract Fees
$0.01
$0
Futures Contract Fees
NA
NA
Markup Fees on Spread
0.50%
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
2:1
No
Non-Trading Fees
Dormant Fees
$0
$0
Subscription Fees (for premium features, data feeds)
$5 per month
NA
Advisory Fees
NA
0.20-0.30%
Swap Fees (Overnight Financing)
NA
NA
Statement or Document Fee
$2 per month
$2-$5
Account Opening Fee
$0
$0
Account Maintenance Fee
$0
$0
Deposit Fee
$0
$0
Currency Conversion Fee
0.03%
3%
Withdrawal Fee
Withdrawal : 1.75%, Bank transfers- 0, Outgoing wire transfer $25 Domestic overnight check delivery $20, ACATS, Outgoing $100
$25-$75
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
8 PM ET Sunday until 8 PM ET Friday
Pre-Market: 8:00 AM to 9:30 AM ET Regular Market: 9:30 AM to 4:00 PM ET After-Hours: 4:05 PM to 8:00 PM ET
Customer Support
Support Hours (e.g., 24/7, weekdays only)
7 AM - 9 PM ET
Monday - Friday,10am - 4pm ET
Customer Support Methods (phone, email, live chat)
App chat 24/7 , Phone- 650-761-7789, Robinhood Crypto- 888-275-8523
Phone: U.S. Toll Free: 1-800-869-8800, Outside the US: 1-718-961-6600, E-mail, FAQ, Fax: 1-718-961-3919
Support Languages
1
3
Additional Information
Headquarters Location
Menlo Park, California , U.S.
30-50 Whitestone Expwy. Ste. A301 Flushing, NY 11354
Complaints (for crypto brokers)
No
No
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