Firstrade Securities Inc.
Company typePrivately held company
IndustryFinancial services
Founded1985; 39 years ago (1985)
FounderJohn Liu [1]
HeadquartersFlushing, New York, United States
Key people
John Liu, CEO
ProductsBroker
Stockbroker
Total assets US$46 million (2023)[2]
Websitewww.firstrade.com

Firstrade Securities is a stockbrokerage firm and broker-dealer headquartered in Flushing, New York that offers an electronic trading platform to trade financial assets including stocks, exchange-traded funds (ETF), options, mutual funds, and bonds.[3][4]

In May 2022, Firstrade Securities launched its cryptocurrency platform through Firstrade Crypto LLC.[5]

History

The company was founded in 1985 by John Liu,[1] as First Flushing Securities.

In 1997, the company was renamed Firstrade Securities Inc., and the company launched Firstrade.com.

In April 2010, Taifook Securities Company Limited, a wholly owned subsidiary of TSG, signed an agreement with Firstrade Securities, a US online broker, for cross-border securities trading business.[6] Firstrade Securities no longer works with Taifook Securities Company Limited.[7]

Firstrade held its branch grand opening on August 15, 2014.[8]

Firstrade has been recognized as the best online broker by Kiplinger's Personal Finance since 2018, cited as best for active traders, funds, customer service, ETFs, and other categories[9][10][11]

References

  1. ^ a b "John Liu - FINRA brokercheck-" (PDF). Financial Industry Regulatory Authority.
  2. ^ SEC filing
  3. ^ "Firstrade Securities Inc.- FINRA brokercheck-". Financial Industry Regulatory Authority.
  4. ^ "SIPC-List of Members-Firstrade". Securities Investor Protection Corporation.
  5. ^ Terrett, Eleanor (2022-05-02). "Firstrade first to offer individual crypto trading, beats Schwab and TD Ameritrade". FOXBusiness. Retrieved 2022-07-08.
  6. ^ "Taifook Securities Group and Firstrade Securities Inc. Reached Agreement to Expand Cross-border Online Trading Business" (PDF). Archived from the original (PDF) on 2018-10-17. Retrieved 2018-10-17.
  7. ^ "The Best US Stock Brokers 2022 for Inexpensive Trading – Stock Brokers – Forex-Ratings.com". www.forex-ratings.com. Retrieved 2022-07-08.
  8. ^ Firstrade Securities Inc. (2014-08-22). "Firstrade Securities Inc. Celebrates Branch Grand Opening in Queens, NY". Prweb.com. Retrieved 2018-10-19.
  9. ^ "Firstrade Named Best Online Broker 2019 for Active Traders, Commissions and Fees and ETFs by Kiplinger's Personal Finance". markets.businessinsider.com. Retrieved 2022-07-08.
  10. ^ "Best Online Brokers, 2021". Kiplinger. 27 August 2021. Retrieved 2022-07-08.
  11. ^ "Best Online Brokers, 2018". Kiplinger. 29 August 2018. Retrieved 2022-07-08.

External links

Online brokerages
Categories