Updated October 1, 2026 · BrokerCue Editorial Team
Firstrade vs LANDE
Where Firstrade and LANDE differ
| Compare |  Firstrade |  LANDE |
|---|---|---|
| Minimum deposit | $0 | €50 |
| Account fee | $0 | €0 |
| Regulators | SIPC, FINRA | Bank of Latvia |
| Investor protection | SIPC up to USD 500,000 | EU ICS up to EUR 20,000 |
| Stock trade fee | $0 | Not confirmed |
| Inactivity fee | $0 | Not confirmed |
| Markets | Stocks, ETFs, Options, Funds | Not confirmed |
| Options contract fee | $0 | Not confirmed |
| Deposit and withdrawal fees | Free for bank transfers, $25 for wire transfers | Not confirmed |
| Platforms | Web, iOS, Android, IPad | Not confirmed |
| Account types | IRA, Roth IRA, Joint | Not confirmed |
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Key differences
- Firstrade scores higher overall: 9.5 vs 9.1.
- Regulators: only Firstrade offers SIPC, FINRA.
- Regulators: only LANDE offers Bank of Latvia.
- Audience: only Firstrade offers Day traders.
Our verdict on each
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.
LANDE
LANDE suits investors who want to fund companies directly and can leave their money in place until a loan matures. Entry sits at €50 per loan and the stated target return is 11.2%, while LANDE offers no buyback guarantee, so early access to cash rests on the secondary market.
Score breakdown
| Area | Firstrade | LANDE |
|---|---|---|
| Cost | 9.5HigherStock trades cost $0 and options contracts $0; transfers run Free for bank transfers, $25 for wire transfers. | 9.0Investors pay €0 and the platform earns through borrower-side service fees, so no investor charge cuts into the stated return. |
| Offer | 9.4Higher | 9.0Loans run from €50, a secondary market lets investors sell loans earlier, and the stated target return is 11.2%. |
| Trust | 9.6Higher | 9.2Supervised by the Bank of Latvia, with money tied to loans that run to their end. |
Availability and regulation
| Country | Firstrade | LANDE |
|---|---|---|
| Latvia | Not confirmed | |
| United States | SIPC SIPC member 34642 | Not confirmed |
Where they rank in our lists
| Ranking | Firstrade | LANDE |
|---|---|---|
| Brokers for beginners | 13 of 88 | 3 of 88 |
Where these facts come from
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
LANDE
- lande.finance: 7 facts, checked October 1, 2026
Every fact side by side
| Fact | Firstrade | LANDE |
|---|---|---|
| Features | Demo account, Options, Mobile app, Fractional shares | Not confirmed |
| Pricing model | Commission free | Commission free |
| Audience | Beginners, Experienced, Day tradersCovers more | Beginners, Experienced |
| Legal entity | FIRSTRADE SECURITIES INC | Not confirmed |
| Headquarters | United States | Latvia |
| Founded | 1985 | Not confirmed |
| Support channels | Phone, Help centre | Not confirmed |
Where each stands against the rest
| Fact | Firstrade | LANDE | Median |
|---|---|---|---|
| Stock trade fee | $0at the median | Not confirmed | $0 |
| Inactivity fee | $0at the median | Not confirmed | $0 |
| Options contract fee | $0lowest quarter | Not confirmed | $0.59 |
Median across 81 listed brokers.
Pros and cons
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.
LANDE
Pros
- Investors pay €0, and LANDE takes its earning from borrower-side service fees rather than from what investors receive.
- Loans can be bought from €50, an entry point the platform presents as open to newcomers and experienced investors alike.
- A secondary market lets investors sell loans before they reach their end, rather than waiting out every term.
Cons
- Funds stay with a loan until it reaches its end and LANDE offers no buyback guarantee, so the stated 11.2% comes with a wait the reader cannot shorten.
- The 11.2% figure sits on money tied to individual companies, and LANDE's revenue comes from borrower-side service fees, so nothing in that structure cushions a business that pays late.
- The €50 entry point applies to each loan, so spreading money across borrowers takes repeated purchases rather than one outlay.
Who each suits
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.
LANDE
Who it suits
- Investors who want their money to reach companies directly instead of sitting on a deposit.
- Readers starting small, since loans can be bought from €50.
- Investors with a longer horizon who are comfortable waiting for a loan to reach its end.
Who should look elsewhere
- Anyone who needs their money on a fixed date: the cash stays with a loan until it reaches its end and LANDE offers no buyback guarantee.
- Readers who will not look at the company behind a single loan, because the money goes into individual businesses.
Country by country
| Country | Firstrade | LANDE |
|---|---|---|
| United States | Yes | No |
Questions about each
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.
LANDE
What is the smallest amount I can put into a LANDE loan?+
Loans can be bought from €50. That figure applies to each loan, so spreading money across several companies takes repeated purchases. LANDE presents this entry point as the reason beginners and experienced investors can both take part.
Does LANDE charge investors anything?+
Investors pay €0. LANDE says investors carry no hidden fees, and that the platform earns through borrower-side service fees instead, which it says keeps investment terms transparent. A reader comparing platforms can therefore read the loan terms without stripping an investor charge out of them.
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