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

Broker Name

Firstrade

Venom Trading

Broker Overview

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

STP broker

ECN

Years of Existence / Established Year

1985

2004

Customer Base / Number of Accounts

1Million

Info not available

Regulation & Security

Regulations (governing bodies)

FINRA, SEC

FINRA NFA SIPC

Awards Won (count for the last 2 years)

Best Online Brokers, Best for Options Traders award.

Best in class for professional trading by stockbrokers.com

Security Measures

SIPC

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

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

Currency Pairs

Yes

Commodities

Indices

Yes- Through ETFs

Cryptocurrencies

Yes- Through ETFs

CFDs

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes

Bonds

Yes

Mutual Funds

Yes

Fractional Shares

Yes

Exchange Traded Notes (ETNs)

Yes

Precious Metals

Real Estate Investment Trusts (REITs)

Yes

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

MT5

Yes

cTrader

Social Trading

Copy Trading

Other Trading Platforms (proprietary, etc.)

Firstrade platform

Venom mobile Venom desktop Venom web

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes except Mac

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

Individual account IRA account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Minimum Deposit

$5,000

Leverage Available

1:4

Trade Limit (maximum per trade)

Depends on asset class

Trade size vary on each asset

Commission (per account type)

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

Both beginners and experienced traders

Experienced

Deposit & Withdrawal Options

Deposit Methods

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

Wire transfer ACH transfer Online bill pay

Withdrawal Methods

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

ACATS DWAC DRS

Other E-Wallets Supported

Tools & Educational Resources

Economic Calendar

Yes

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

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

Short videos & courses Recorded webinars

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)

Equities - $0.004/share Options - $0.75 per contract Futures - $1.25 / contract

Spread (typical, fixed, variable)

Typical

Per Lot Fees

Options Contract Fees

$0.75 per contract

Futures Contract Fees

$1.25 per contract per side

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

1:4

Non-Trading Fees

Dormant Fees

Subscription Fees (for premium features, data feeds)

Advisory Fees

0.20-0.30%

Swap Fees (Overnight Financing)

Yes

Statement or Document Fee

$2-$5

Account Opening Fee

Account Maintenance Fee

IRA - $7.5 quarterly fee

Deposit Fee

Currency Conversion Fee

Vary for different exchanges

Withdrawal Fee

$25-$75

Wires - $10 Checks - $4 ACH/EFT - $1 SEPA - NA

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

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

Monday to Friday - 7am to 4.30pm CST

Customer Support

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

Monday - Friday,10am - 4pm ET

24/5 weekday customer service

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

Ph-877-792-6272 Customer service line - 877-442-2757 Fax - 972-491-3111 Email - [email protected]

Support Languages

Additional Information

Headquarters Location

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

3008 E. Hebron Pkwy Building 400, Carrolton TX 75010

Complaints (for crypto brokers)

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.

If minimizing trading costs is your top priority, Firstrade might be more attractive due to its lower commissions. Meanwhile, Venom Trading justifies its moderate fees with more robust tools and professional-grade features.

Firstrade offers a quick and paperless account setup that appeals to traders on the go, whereas Venom Trading more involved onboarding process adds an extra layer of safety and regulatory checks.

The trading interface of Firstrade is known for its speed and ease-of-use, while Venom Trading shines with its customizable layouts and advanced charting capabilities, making it a strong choice for serious analysts.

Those seeking technical depth may prefer Firstrade, while Venom Trading shines with intuitive design and streamlined features.

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