Firstrade Securities

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.[1][2]

Firstrade Securities Inc.
TypePrivately held company
IndustryFinancial services
Founded1985 (1985)
FounderJohn Liu
HeadquartersFlushing, New York, United States
Key people
John Liu, CEO
ProductsBroker
Stockbroker
Total assets Increase US$4 billion (2019)
Websitewww.firstrade.com

In May 2022, Firstrade Securities launched its cryptocurrency platform through Firstrade Crypto LLC.[3]

History

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

In 1997, the company was renamed to 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.[4] Firstrade Securities no longer works with Taifook Securities Company Limited.[5]

Firstrade held its branch grand opening on August 15, 2014.[6]

Firstrade has been recognized as a best online broker by Kiplinger's Personal Finance since 2018, cited as best for active traders, funds, customer service, ETFs, and other categories[7][8][9]

References
  1. "Firstrade Securities Inc.- FINRA brokercheck-". Financial Industry Regulatory Authority.
  2. "SIPC-List of Members-Firstrade". Securities Investor Protection Corporation.
  3. Terrett, Eleanor (2022-05-02). "Firstrade first to offer individual crypto trading, beats Schwab and TD Ameritrade". FOXBusiness. Retrieved 2022-07-08.
  4. "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.
  5. "The Best US Stock Brokers 2022 for Inexpensive Trading – Stock Brokers – Forex-Ratings.com". www.forex-ratings.com. Retrieved 2022-07-08.
  6. Firstrade Securities Inc. (2014-08-22). "Firstrade Securities Inc. Celebrates Branch Grand Opening in Queens, NY". Prweb.com. Retrieved 2018-10-19.
  7. "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.
  8. "Best Online Brokers, 2021". Kiplinger. 27 August 2021. Retrieved 2022-07-08.
  9. "Best Online Brokers, 2018". Kiplinger. 29 August 2018. Retrieved 2022-07-08.
  • Official website Edit this at Wikidata
  • Business data for Firstrade Securities INC:
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.