Firstrade
Pros
- $0 online trades for stocks, ETFs, options and mutual funds
- $0 options contract, exercise and assignment fees
- No deposit minimum and no inactivity fees
- Overnight trading from 8 PM to 4 AM ET on 1,200+ securities
- Options Wizard includes 40+ strategies and P&L simulations
- ACATS transfer fee rebate up to $250 on qualifying transfers
- Excess protection can raise coverage to $37.5 million per customer
Cons
- Broker-assisted stock and ETF trades cost $19.95
- Broker-assisted options cost $19.95+$0.50/contract
- Mutual fund shares sold within 90 days can cost $19.95
- Redemptions below $500 can incur a $19.95 fee
- Primary Market CDs cost $30
- Overnight trades must use limit orders only
- ACH transfers require a U.S. financial institution