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Firstrade vs Trading 212 : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Firstrade

Firstrade

VS
Trading 212

Trading 212

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Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

STP broker

STP broker

Years of Existence / Established Year

1985

2003

Customer Base / Number of Accounts

1Million

3 million- lifetime funded account


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Regulation & Security

Regulations (governing bodies)

FINRA, SEC

FCA, CySEC, ASIC, FSC

Awards Won (count for the last 2 years)

Best Online Brokers, Best for Options Traders award.

No major awards listed

Security Measures

SIPC

ICF

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

No

Yes


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

2200+ ETFs including CDs, Treasury bills, Notets and bonds, Primary market CDs, Zeros and strips and more

13,000+ Global stocks and ETFs

Currency Pairs

No

Yes

Commodities

No

Yes

Indices

Yes- Through ETFs

Yes

Cryptocurrencies

Yes- Through ETFs

Yes

CFDs

No

Yes

ETFs

Yes

Yes

Stocks

Yes

Yes

Options

Yes

No

Futures

No

No

Bonds

Yes

No

Mutual Funds

Yes

No

Fractional Shares

Yes

Yes

Exchange Traded Notes (ETNs)

Yes

No

Precious Metals

No

No

Real Estate Investment Trusts (REITs)

Yes

Yes

Equities

No

No


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

No

MT5

Yes

No

cTrader

No

No

Social Trading

No

Yes

Copy Trading

No

Yes

Other Trading Platforms (proprietary, etc.)

Firstrade platform

Trading 212 web and mobile trading platform

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Brokerage account- Individual, Joint, Custodial, Retirement- Retirement (Traditional IRA, Roth IRA, SEP IRA), Corporate, Trust, International, Education Planning, Business Planning

Invest, CFD, Stock ISA, and cash ISA

Demo Account (Yes/No)

No

Yes

Islamic Accounts (Yes/No)

No

No

Minimum Deposit

$0

£1, €1, $1

Leverage Available

No

1:30

Trade Limit (maximum per trade)

Depends on asset class

Depends on the assets class

Commission (per account type)

$0

$0

Best Suited For (e.g., beginners, experienced traders)

Both beginners and experienced traders

Beginners to experienced traders


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Deposit & Withdrawal Options

Deposit Methods

Wire Fund Transfer, Check deposit, Asset transfer, ACH electronic transfer

Bank transfer, Instant bank transfer, Card payments, Online banking PL, Carte Bleue, Blik, Direct e-banking, e-wallets

Withdrawal Methods

Wire Fund Transfer, Check Deposit, Asset transfer, ACH electronic transfer, Withdrawal of sales proceed

Bank transfer, Instant bank transfer, Card payments, Online banking PL, Carte Bleue, Blik, Direct e-banking, e-wallets

Other E-Wallets Supported

No

Apple Pay, Google Pay, PayPal, iDEAL


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Tools & Educational Resources

Economic Calendar

Yes

No

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Education Center, Investment Education Videos, Option Guide, Margin Guide, Webinars, Tax center, Blogs, Upcoming IPOs

Trading Academy, Market News and Analysis, Webinars, Video Tutorial, Trading Guides and eBooks


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Fees & Commissions

Trading-Related Fees

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)

FX fees- 0.5%

Spread (typical, fixed, variable)

Typical

Variable

Per Lot Fees

NA

NA

Options Contract Fees

$0

NA

Futures Contract Fees

NA

NA

Markup Fees on Spread

NA

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

No

1:30


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Non-Trading Fees

Dormant Fees

$0

$0

Subscription Fees (for premium features, data feeds)

NA

$0

Advisory Fees

0.20-0.30%

NA

Swap Fees (Overnight Financing)

NA

Yes

Statement or Document Fee

$2-$5

NA

Account Opening Fee

$0

NA

Account Maintenance Fee

$0

$0

Deposit Fee

$0

0.70%

Currency Conversion Fee

3%

0.15%

Withdrawal Fee

$25-$75

$0


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

No


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Trading Hours

Trading Hours (for each asset class if applicable)

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

pre-market session from 04:00 - 09:30 ET, regular trading from 09:30 - 16:00 ET, after-hours session from 16:00 - 20:00 ET


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Customer Support

Support Hours (e.g., 24/7, weekdays only)

Monday - Friday,10am - 4pm ET

24/7

Customer Support Methods (phone, email, live chat)

Phone: U.S. Toll Free: 1-800-869-8800, Outside the US: 1-718-961-6600, E-mail, FAQ, Fax: 1-718-961-3919

Live chat, E-mail- [email protected] Phone- +447385762101

Support Languages

3

18+


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Additional Information

Headquarters Location

30-50 Whitestone Expwy. Ste. A301 Flushing, NY 11354

Aldermary House, 10-15 Queen Street, London, EC4N 1TX.

Complaints (for crypto brokers)

No

No


At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.
Firstrade is known for competitive pricing on basic trades, especially for beginners. However, Trading 212 fee structure, though slightly higher, covers a broader range of services, making it more suitable for active traders.
If speed and simplicity matter to you, Firstrade delivers a streamlined account setup. In contrast, Trading 212 includes more documentation and KYC checks, which can delay access but ensures strong compliance.
The trading interface of Firstrade is known for its speed and ease-of-use, while Trading 212 shines with its customizable layouts and advanced charting capabilities, making it a strong choice for serious analysts.
Firstrade strength lies in high-performance trading, while Trading 212 provides a more accessible route for everyday investors.