FLUSHING, N.Y., Feb. 15, 2017 /PRNewswire/ -- A leading online brokerage firm, Firstrade Securities Inc. has made a decision to lower their commission for Stocks, ETFs, and Options, adding a significant value for their clients.
Starting February 16, 2017, Firstrade will reduce its standard online stock and ETF commissions from $6.95 to $4.95 per trade. It's a reduction of approximately 29%. The company also lowered the price of options trades from $0.75 to $0.65 per contract. This change makes Firstrade's trading commissions the lowest among its competitors, including TD Ameritrade, E*Trade, Fidelity and Scottrade.
"Since Firstrade was established in 1985, consistently delivering value to our customers was a top priority. With these fee reductions, we are demonstrating our commitment to helping investors meet their financial objectives with some of the lowest trading costs in the industry," said John Liu, Firstrade founder and chief executive officer.
He added, "These latest reductions for investors represent the most recent, tangible evidence of our continued investment in technology. Thanks to these investments, we can offer our clients more or less, which means not just lowering costs but adding value, and a compelling reason to do business with Firstrade."
About Firstrade Securities
Firstrade is a leading securities brokerage firm offering investors a full range of investment products and services. Founded in 1985, Firstrade strives to help individual investors as well as active traders achieve their financial goals by providing access to proprietary trading technologies, intuitive mobile as well as desktop applications and outstanding customer service. For more information, visit www.Firstrade.com. Member FINRA/SIPC.
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SOURCE Firstrade Securities