Updated September 28, 2026 · BrokerCue Editorial Team
Finhabits vs Firstrade
Where Finhabits and Firstrade differ
| Compare |  Finhabits |  Firstrade |
|---|---|---|
| Account fee | $120 | $0Lower |
| Markets | Stocks, ETFs | Stocks, ETFs, Options, FundsCovers more |
| Regulators | U.S. Securities and Exchange Commission (SEC) | SIPC, FINRA |
| Account types | IRA, Roth IRA | IRA, Roth IRA, JointCovers more |
| Stock trade fee | Not confirmed | $0 |
| Inactivity fee | Not confirmed | $0 |
| Options contract fee | Not confirmed | $0 |
| Deposit and withdrawal fees | Not confirmed | Free for bank transfers, $25 for wire transfers |
| Platforms | Not confirmed | Web, iOS, Android, IPad |
Same on both: Minimum deposit ($0), Investor protection (SIPC up to USD 500,000).
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Key differences
- Firstrade scores higher overall: 9.5 vs 8.5.
- Regulators: only Finhabits offers U.S. Securities and Exchange Commission (SEC).
- Regulators: only Firstrade offers SIPC, FINRA.
- Account fee is lower at Firstrade: $0 vs $120.
- Markets: only Firstrade offers Options, Funds.
- Account types: only Firstrade offers Joint.
- Support channels: only Finhabits offers Email.
- Features: only Firstrade offers Demo account, Options, Fractional shares.
- Audience: only Firstrade offers Experienced, Day traders.
Our verdict on each
Finhabits
Finhabits is a US robo-advisor built for beginners, opening at a minimum deposit of $0 and running managed stocks and etfs portfolios under US regulation. The trade-off is the $120 account fee, which sits on top of the 1% management fee.
Firstrade
Firstrade is a US commission-free broker for retail savers who want retirement accounts and low costs in the same place. Protection is listed as SIPC up to USD 500,000, the minimum deposit is $0, and the trade-off is a market list limited to US equities, funds and options.
Score breakdown
| Area | Finhabits | Firstrade |
|---|---|---|
| Cost | 8.1Management fee of 1% against a 0.35% median here, plus an account fee of $120 and a minimum deposit of $0. | 9.5HigherStock trades cost $0 and options contracts $0; transfers run Free for bank transfers, $25 for wire transfers. |
| Offer | 8.9 | 9.4Higher |
| Trust | 8.7 | 9.6Higher |
Positions in our rankings
| Ranking | Finhabits | Firstrade |
|---|---|---|
| Stock and ETF brokers | 213 of 471 | 47 of 471 |
| Investment platforms and apps | 48 of 86 | 10 of 86 |
| Brokers for beginners | 62 of 88 | 13 of 88 |
| IRA providers | 26 of 43 | 7 of 43 |
Where these facts come from
Finhabits
- finhabits.com: 9 facts, checked September 26, 2026
- finder.com: 1 fact, checked September 26, 2026
- flexoffers.com: 1 fact, checked September 26, 2026
Firstrade
- firstrade.com: 12 facts, checked September 26, 2026
- brokerchooser.com: 3 facts, checked September 26, 2026
- sipc.org: 3 facts, checked September 26, 2026
Every fact side by side
| Fact | Finhabits | Firstrade |
|---|---|---|
| Features | Mobile app | Demo account, Options, Mobile app, Fractional sharesCovers more |
| Pricing model | Not confirmed | Commission free |
| Audience | Beginners | Beginners, Experienced, Day tradersCovers more |
| Legal entity | Finhabits, Inc. | FIRSTRADE SECURITIES INC |
| Headquarters | United States | United States |
| Founded | Not confirmed | 1985 |
| Support channels | Email, Phone, Help centreCovers more | Phone, Help centre |
Where each stands against the rest
| Fact | Finhabits | Firstrade | Median |
|---|---|---|---|
| Minimum deposit | $0below the median | $0below the median | $25 |
| Stock trade fee | Not confirmed | $0at the median | $0 |
| Account fee | $120highest quarter | $0at the median | $0 |
| Inactivity fee | Not confirmed | $0at the median | $0 |
| Options contract fee | Not confirmed | $0lowest quarter | $0.625 |
Median across 134 listed brokers.
Pros and cons
Finhabits
Pros
- Regulated by the U.S. Securities and Exchange Commission, with investor protection listed as SIPC up to USD 500,000.
- Support runs on email, phone and help centre, so help is easy to reach.
- The portfolio build is etf focused, with picks made for you across stocks and etfs.
Cons
- The $120 account fee is the sting, sitting on top of the 1% management fee.
- The range is limited to stocks and etfs, so there is no wider asset choice.
- Account types come down to ira and roth ira options at a brand based in the United States.
Firstrade
Pros
- Regulated in the US by FINRA and SIPC, with protection stated as SIPC up to USD 500,000 and a membership record at SIPC member 34642.
- A traditional IRA, a Roth IRA and a joint account all sit in ira, roth ira and joint under the commission-free pricing in commission free, so retirement and shared accounts hold at the same cost.
- Fractional shares and a demo account sit in demo account, options and mobile app, which helps the beginners and day traders named in beginners, experienced and day traders start small.
Cons
- The market list in stocks, etfs and options covers stocks, ETFs, options and funds, a narrow range next to eToro at stocks, etfs and forex and CFI at stocks, etfs and forex.
- Live chat and email are not among the listed support channels (phone and help centre), which pair a phone line with a help centre.
- An ISA and a SIPP are not among the listed account types (ira, roth ira and joint), which cover a traditional IRA, a Roth IRA and a joint account.
Who each suits
Finhabits
Who it suits
- US beginners, since the service is built for beginners.
- Savers who want the holdings chosen for them across stocks and etfs.
- People already investing for retirement, matching the ira and roth ira list.
Who should look elsewhere
- Readers who want to pay nothing on management can start with eToro, where the fee is 0%.
- Anyone after a wider fee band should look at Vivid Standard, at 0.5% to 1.5%.
- Investors who treat the protection scheme as the deciding factor can also check Axos Invest, which names SIPC.
Firstrade
Who it suits
- US savers who want commission-free stock and ETF trading inside a retirement account, since the list in ira, roth ira and joint covers an IRA and a Roth IRA.
- Investors who trade in small amounts, because fractional shares in demo account, options and mobile app work alongside a $0 entry point.
- Day traders in US equities, named in beginners, experienced and day traders with a mobile app among the platforms in Web, iOS and Android.
Who should look elsewhere
- Traders who want forex, CFDs or crypto alongside equities: eToro lists stocks, etfs and forex and CFI lists stocks, etfs and forex, while Firstrade stays within stocks, etfs and options.
- UK and European savers who need a tax wrapper, since ira, roth ira and joint names no ISA or SIPP. Vantage, which sets $5 as its entry point, is worth pricing alongside.
Country by country
| Country | Finhabits | Firstrade |
|---|---|---|
| United States | Yes | Yes |
Questions about each
Finhabits
What does Finhabits cost to run an account?+
Finhabits charges a management fee of 1% on the portfolio and an account fee of $120. The account fee is the part to watch, since it is a flat charge on top of the percentage. The median management fee across the robo-advisors compared here is 0.35%.
How much do I need to put in before I can start?+
The minimum deposit is $0, so there is no floor to clear before saving begins. Accounts come as ira and roth ira options, which decides the wrapper you hold. The listed feature is mobile app, so the app is the main way in.
Firstrade
What does it cost to trade stocks and options?+
Stock trades cost $0 and the options contract fee is $0, so nothing is charged per trade on either side. The pricing model listed is commission free, which matches that, and the same terms apply to stocks and options contracts. A reader comparing quotes will find the same line on both markets.
Are there account or inactivity fees?+
The account fee is $0 and the inactivity fee is $0, so an account can sit open and untouched without an annual charge or a dormant penalty. That suits a saver who funds a retirement account and does not trade every month, since holding a small balance costs nothing beyond the trades themselves.
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