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Firstrade vs Citi Self Invest 2024

StockBrokers.com

Written by StockBrokers.com

October 30, 2024

In this head to head comparison of Firstrade vs Citi Self Invest, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.

Firstrade
4.5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00
Citi Self Invest
3.5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): N/A

Investment options

When comparing Firstrade and Citi Self Invest in terms of available investment options, Firstrade emerges as the more versatile platform. With a 4.5-star rating for investment options and a rank of #6 out of 18 brokers by StockBrokers.com, Firstrade offers a broad array of trading opportunities that cater to a wide range of investor needs. In contrast, Citi Self Invest, with a 2.5-star rating and a rank of #18, provides more limited options, which may impact its appeal for more diversified trading strategies.

Firstrade offers extensive trading options that include stock trading, margin trading, fractional shares trading, OTC stocks, mutual funds, and options trading. However, like Citi Self Invest, it does not offer forex trading, futures trading, or crypto trading. Despite the absence of forex and crypto, its offerings in stock-related instruments and mutual funds provide substantial flexibility and diversity for traders.

On the other hand, Citi Self Invest permits stock trading and mutual funds but lacks other key investment options available on Firstrade, such as margin trading, fractional shares, OTC stocks, and options trading. Without these features, it offers a more straightforward yet limited trading experience. Both platforms provide traditional and Roth IRA accounts but do not extend advisor services to their users. Therefore, for investors seeking a broader spectrum of investment opportunities, Firstrade presents a more robust choice.

Feature Firstrade logoFirstrade
Citi Self Invest logoCiti Self Invest
Stock Trading info Yes Yes
Margin Trading Yes No
Fractional Shares info Yes No
OTC Stocks info Yes No
Mutual Funds info Yes Yes
Options Trading info Yes No
Futures Trading info No No
Crypto Trading info No No
Crypto Trading - Total Coins info 0 0
Investment Options 4.5/5 Stars 2.5/5 Stars

Dive deeper: Best Options Trading Platforms & Brokers, 5 Best Futures Trading Platforms of 2024

Trading platforms and tools

When evaluating the trading platforms and tools offered by Firstrade and Citi Self Invest, Firstrade emerges as the more robust option. Firstrade has garnered a 3.5-star rating for its trading platforms and tools, placing it ninth out of eighteen brokers in a StockBrokers.com ranking. In contrast, Citi Self Invest holds a 2.5-star rating, ranking sixteenth. While both platforms provide a browser-based trading experience, Firstrade surpasses Citi Self Invest with a wider array of features, especially in charting and watch list functionalities.

Neither Firstrade nor Citi Self Invest offers downloadable trading platforms for Windows or Mac, which may limit offline functionality. Still, both brokers provide browser-based trading platforms to facilitate online trading. However, those seeking advanced paper trading features and trading journals may find both platforms lacking in these areas. Firstrade allows watch lists that include up to 50 fields, offering more versatility for active traders. Conversely, Citi Self Invest does not provide this customization capability.

In terms of charting tools, Firstrade stands out with 102 technical indicators and eight drawing tools, offering users comprehensive capabilities for technical analysis. Although customization options are somewhat limited, Firstrade allows for some level of technical exploration. In comparison, Citi Self Invest falls short, offering none of the advanced charting tools or indicators. Moreover, Firstrade provides the ability to append index overlays on charts, a feature absent from Citi Self Invest’s lineup. This makes Firstrade a more appealing choice for traders who rely heavily on technical chart analysis.

Feature Firstrade logoFirstrade
Citi Self Invest logoCiti Self Invest
Web Trading Platform info Yes Yes
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Paper Trading info No No
Watch Lists - Total Fields info 50 0
Charting - Indicators / Studies info 102 0
Charting - Drawing Tools info 8 0
Platforms & Tools 3.5/5 Stars 2.5/5 Stars

Dive deeper: Best Stock Brokers for 2024, Best Paper Trading Platforms of 2024

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Beginners and education

When comparing the educational capabilities of Firstrade and Citi Self Invest for beginner investors, Firstrade comes out ahead with a more robust offering, especially in stock and options education. Firstrade provides users with educational videos and webinars to enhance their understanding, making it a solid choice for those looking to grasp stock and options trading. However, Firstrade lacks in other areas such as ETF, mutual funds, and bonds education, and does not offer paper trading or learning progress tracking. Overall, Firstrade is rated 3.5 stars for education, ranking 12th out of 18 brokers according to StockBrokers.com.

On the other hand, Citi Self Invest falls short in educational resources, offering just quizzes and the ability to track learning progress. While this allows users some method of evaluating their learning, the platform does not provide direct educational content for stocks, ETFs, options, mutual funds, or bonds, nor does it offer paper trading or webinars. As a result, Citi Self Invest is rated a mere 1.5 stars in education and ranks 18th out of 18 brokers. For beginner investors seeking a comprehensive education, Firstrade presents a more advantageous choice compared to Citi Self Invest.

Feature Firstrade logoFirstrade
Citi Self Invest logoCiti Self Invest
Education (Stocks) info Yes No
Education (ETFs) info No No
Education (Options) info Yes No
Education (Mutual Funds) info No No
Education (Bonds) info No No
Paper Trading info No No
Videos info Yes No
Webinars info Yes No
Education 3.5/5 Stars 1.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2024

Stock trading apps

When comparing Firstrade to Citi Self Invest for stock trading app capabilities, Firstrade stands out as a more comprehensive choice for users who prioritize flexibility and functionality. With robust features such as mobile after-hours stock trading, streaming quotes, and extensive options for customization, Firstrade is clearly designed to provide an enhanced user experience. Rated at 4.5 stars and ranked #6 out of 18 brokers by StockBrokers.com, Firstrade offers a compelling proposition for traders seeking advanced mobile app capabilities.

Both Firstrade and Citi Self Invest provide iPhone and Android apps, ensuring traders have access to their accounts on a variety of devices. However, neither offers an Apple Watch app, maintaining some limitations on the variety of platforms. While both brokers support custom watch lists and the ability to view multiple time frames for charting, Firstrade goes further by offering customization of watch list columns and the ability to view charts in landscape mode. Firstrade also provides a notable 81 technical studies for charting, whereas Citi Self Invest offers none, highlighting a significant difference in analytical tools available to users.

In terms of additional features, Firstrade's stock alerts and mobile options trading make it a more versatile tool compared to Citi Self Invest, which lacks these capabilities. Although neither app provides streaming live TV or videos on demand, Firstrade's inclusion of streaming quotes enhances real-time decision-making, a critical advantage for active traders. With a higher overall rating and a superior ranking, Firstrade demonstrates a marked edge in the mobile stock trading app domain.

Feature Firstrade logoFirstrade
Citi Self Invest logoCiti Self Invest
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Stock Alerts info Yes No
Charting - After-Hours info No No
Charting - Technical Studies info 81 0
Mobile Trading Apps 4.5/5 Stars 3/5 Stars

Dive deeper: Best Stock Trading Apps of 2024

Fees

When comparing Firstrade and Citi Self Invest, both online brokers offer commission-free stock trading and require no minimum deposit, making them attractive options for cost-conscious investors. Firstrade distinguishes itself with a wider array of benefits, including zero charges for options contracts, options exercise, and assignment fees, whereas Citi Self Invest does not offer options trading. For IRA accounts, Firstrade waives both annual and closure fees, while Citi Self Invest imposes a $95 closure fee. This makes Firstrade a more advantageous choice for investors seeking cost-effective options trading and retirement account management.

Firstrade excels in providing comprehensive services with a competitive fee structure. While both brokers offer free stock trading and no minimum deposit, Firstrade also offers zero options contract fees, which leverages the trading experience by reducing costs. Those interested in maintaining IRA accounts will benefit from Firstrade's fee eliminations for both annual and closure services. Citi Self Invest, while similar in its no-cost stock trading feature, fails to match Firstrade in the breadth of investment options and cost-saving measures, particularly in specialized trading and account management fees.

Additionally, Firstrade provides margin trading services, with interest rates starting from 13.00% for balances $50,000 and above, a feature not offered by Citi Self Invest. While both platforms impose fees for Account Transfers (ACAT), Firstrade's charges are slightly less, with partial transfers costing $55 and full transfers $75, compared to Citi Self Invest’s $95 fee for both. Overall, Firstrade delivers a more cost-efficient experience with additional trading capabilities, making it a preferable choice for investors seeking value and a broader selection of financial services.

Feature Firstrade logoFirstrade
Citi Self Invest logoCiti Self Invest
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Options (Per Contract) $0.00 N/A
Options Exercise Fee $0.00 N/A
Options Assignment Fee $0.00 N/A
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $95.00
Commissions & Fees 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Brokers for Free Stock Trading of 2024

Day Trading

When comparing Firstrade and Citi Self Invest for day trading capabilities, both platforms exhibit several similarities, notably their lack of advanced trading tools and features. Neither Firstrade nor Citi Self Invest offers streaming time and sales for stocks or streaming live TV, which might limit traders who rely on real-time data and market insights. Additionally, both brokers fall short of providing advanced order management functionalities such as direct market routing, ladder trading, and trading hotkeys that are essential for active day traders seeking swift and precise trade executions.

Further emphasizing their limitations for day trading, both Firstrade and Citi Self Invest do not provide level 2 quotes or backtesting capabilities, either basic or advanced, which are crucial for analyzing market depth and validating trading strategies. Moreover, neither platform offers a short locator tool for tracking the real-time availability of shares for short selling or order liquidity rebates, making them less ideal for traders looking for comprehensive trading and cost-saving options. Thus, for investors primarily focused on day trading, the lack of these features on Firstrade and Citi Self Invest could be a significant drawback.

Feature Firstrade logoFirstrade
Citi Self Invest logoCiti Self Invest
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Level 2 Quotes - Stocks info No No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No

Dive deeper: Best Day Trading Platforms of 2024

Market Research

When comparing the market research capabilities of Firstrade and Citi Self Invest, Firstrade clearly takes the lead with comprehensive offerings and a more robust platform for investors. Firstrade is rated 4.5 out of 5 stars for market research, compared to Citi Self Invest’s 2.5-star rating. According to StockBrokers.com, Firstrade is ranked #6 out of 18 brokers for market research, while Citi Self Invest lags behind at #15. These rankings highlight Firstrade’s superior ability to provide investors with extensive research tools and data.

Firstrade offers a diverse range of research capabilities across multiple investment types, including stocks, ETFs, mutual funds, pink sheets/OTCBB, and bonds—something Citi Self Invest lacks, particularly in mutual funds and bond research. Additionally, Firstrade excels in providing detailed portfolio allocation by asset class, stock research using social media sentiment data, and comprehensive ESG research, none of which are available through Citi Self Invest. Furthermore, Firstrade boasts downloadable PDF reports for stocks and ETFs, providing in-depth insights for its users, whereas Citi Self Invest offers no such reports.

For investors looking for in-depth trade ideas and analysis, Firstrade supports screeners for stocks, ETFs, mutual funds, and bonds, allowing users to tailor their investment strategies effectively. Citi Self Invest, on the other hand, does not offer screeners in any of these categories, which may limit investors’ abilities to uncover new opportunities. Overall, Firstrade’s extensive research suite and analytical tools position it as an excellent choice for those seeking a broker with strong market research capabilities.

Feature Firstrade logoFirstrade
Citi Self Invest logoCiti Self Invest
Research - Stocks info Yes Yes
Screener - Stocks info Yes No
Research - ETFs info Yes Yes
Screener - ETFs info Yes No
Research - Mutual Funds info Yes No
Screener - Mutual Funds info Yes No
Research - Bonds info Yes No
Screener - Bonds info Yes No
Research 4.5/5 Stars 2.5/5 Stars

Banking

When comparing the banking capabilities of Firstrade and Citi Self Invest, it's clear that both platforms offer distinct advantages for different needs. Firstrade provides checking accounts, debit cards, and CDs, making it an appealing choice for users interested in basic banking services and investment opportunities. However, it lacks savings accounts, credit cards, and mortgage loans. Conversely, Citi Self Invest boasts a more comprehensive suite of banking services – offering checking and savings accounts, debit and credit cards, and mortgage loans, although it does not offer CDs. This makes Citi Self Invest a more versatile choice for customers looking for a complete banking experience. Each platform serves unique financial needs, ensuring that whether you prioritize investment products or comprehensive banking services, there’s an option tailored for you.

Feature Firstrade logoFirstrade
Citi Self Invest logoCiti Self Invest
Checking Accounts info Yes Yes
Savings Accounts info No Yes
Debit Cards info Yes Yes
Credit Cards info No Yes
Mortgage Loans info No Yes
CDs info Yes No

Dive deeper: Best Bank Brokerages of 2024

Winner

After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that Firstrade is better than Citi Self Invest. Firstrade finished with an overall score of 87.7%, while Citi Self Invest finished with a score of 70.6%.

Firstrade scored well for penny stock trading in our 2024 Annual Awards, and is a great choice for Chinese-speaking investors. However, it lags behind the competition in certain areas, especially platforms, tools and education.

FAQs

Can you trade cryptocurrency with Firstrade or Citi Self Invest?

Neither Firstrade nor Citi Self Invest offer crypto trading, as both brokers provide zero coins for crypto trading opportunities.

Dive deeper: Best Crypto Trading Platforms of 2024

Does Firstrade or Citi Self Invest offer IRAs?

Both Firstrade and Citi Self Invest provide traditional and Roth IRA accounts, with no annual fees charged by either broker. However, while Firstrade does not impose a closure fee for IRA accounts, Citi Self Invest charges $95.00 for closing an IRA account.

Dive deeper: Best IRA Accounts of 2024

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Compare

0 of 5
Overall Rating Firstrade Citi Self Invest
Overall 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 2.5/5 Stars
Platforms & Tools 3.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3/5 Stars
Research 4.5/5 Stars 2.5/5 Stars
Customer Service 3.0/5 Stars N/A
Education 3.5/5 Stars 1.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Firstrade Review Citi Self Invest Review
Broker Screenshots Firstrade Citi Self Invest
Trading Platform & Tools Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Trading Fees Firstrade Citi Self Invest
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) info $0.00 N/A info
Mutual Fund Trade Fee $0 0
Options (Per Contract) $0.00 N/A
Futures (Per Contract) (Not offered) (Not offered)
Broker Assisted Trade Fee $19.95 n/a
Margin Rates Firstrade Citi Self Invest
Margin Rate Under $25,000 13.75% Not offered
Margin Rate $25,000 to $49,999.99 13.50% Not offered
Margin Rate $50,000 to $99,999.99 13.00% Not offered
Margin Rate $100,000 to $249,999.99 12.50% Not offered
Margin Rate $250,000 to $499,999.99 12.50% Not offered
Margin Rate $500,000 to $999,999.99 12.50% Not offered
Margin Rate Above $1,000,000 12.50% Not offered
Account Fees Firstrade Citi Self Invest
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $95.00
Account Transfer Out (Partial) info $55.00 $95.00
Account Transfer Out (Full) info $75.00 $95.00
Options Exercise Fee $0.00 N/A
Options Assignment Fee $0.00 N/A
Investment Options Firstrade Citi Self Invest
Stock Trading info Yes Yes
Margin Trading Yes No
Fractional Shares info Yes No
OTC Stocks info Yes No
Options Trading info Yes No
Complex Options Max Legs info 4
Futures Trading info No No
Forex Trading info No No
Crypto Trading info No No
Crypto Trading - Total Coins info 0 0
Mutual Funds (No Load) info 15460 820
Mutual Funds (Total) info 19666 820
Bonds (US Treasury) info Yes No
Bonds (Corporate) info Yes No
Bonds (Municipal) info Yes No
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info No No
International Countries (Stocks) info 0 0
Order Types Firstrade Citi Self Invest
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes No
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes No
Order Type - OCO info Yes No
Order Type - OTO info Yes No
Order Type - Broker Assisted info Yes No
Beginners Firstrade Citi Self Invest
Education (Stocks) info Yes No
Education (ETFs) info No No
Education (Options) info Yes No
Education (Mutual Funds) info No No
Education (Bonds) info No No
Education (Retirement) info Yes No
Retirement Calculator info Yes No
Investor Dictionary info Yes No
Paper Trading info No No
Videos info Yes No
Webinars info Yes No
Webinars (Archived) info Yes No
Progress Tracking info No Yes
Interactive Learning - Quizzes info No Yes
Stock Trading Apps Firstrade Citi Self Invest
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes No
Trading - Simple Options info Yes No
Trading - Complex Options info Yes No
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes No
Stock App Features Firstrade Citi Self Invest
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No No
Stock Alerts info Yes No
Option Chains Viewable info Yes No
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes No
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info Yes No
Stock App Charting Firstrade Citi Self Invest
Charting - After-Hours info No No
Charting - Can Turn Horizontally info Yes No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 81 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info No No
Trading Platforms Firstrade Citi Self Invest
Active Trading Platform info n/a
Desktop Trading Platform info No No
Desktop Platform (Mac) info No No
Web Trading Platform info Yes Yes
Paper Trading info No No
Trade Journal info No No
Watch Lists - Total Fields info 50 0
Stock Chart Features Firstrade Citi Self Invest
Charting - Adjust Trades on Chart info No No
Charting - Indicators / Studies info 102 0
Charting - Drawing Tools info 8 0
Charting - Notes info No No
Charting - Index Overlays info Yes No
Charting - Historical Trades info No No
Charting - Corporate Events info No No
Charting - Custom Date Range info No No
Charting - Custom Time Bars info No No
Charting - Automated Analysis info No No
Charting - Save Profiles info No No
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 6 0
Charting - Custom Studies info No No
Day Trading Firstrade Citi Self Invest
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Ladder Trading info No No
Trade Hotkeys info No No
Level 2 Quotes - Stocks info No No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No
Order Liquidity Rebates info No No
Research Overview Firstrade Citi Self Invest
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes No
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info Yes No
Screener - Stocks info Yes No
Screener - ETFs info Yes No
Screener - Mutual Funds info Yes No
Screener - Bonds info Yes No
Misc - Portfolio Allocation info Yes Yes
Stock Research Firstrade Citi Self Invest
Stock Research - PDF Reports info 1 0
Stock Research - Earnings info Yes No
Stock Research - Insiders info Yes No
Stock Research - Social info Yes No
Stock Research - News info Yes Yes
Stock Research - ESG info Yes No
Stock Research - SEC Filings info Yes No
ETF Research Firstrade Citi Self Invest
ETFs - Strategy Overview info Yes Yes
ETF Fund Facts - Inception Date info Yes No
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Net Assets info Yes No
ETF Fund Facts - Total Holdings info Yes No
ETFs - Top 10 Holdings info Yes Yes
ETFs - Sector Exposure info Yes No
ETFs - Risk Analysis info Yes Yes
ETFs - Ratings info Yes Yes
ETFs - Morningstar StyleMap info Yes No
ETFs - PDF Reports info Yes No
Mutual Fund Research Firstrade Citi Self Invest
Mutual Funds - Strategy Overview info Yes Yes
Mutual Funds - Performance Chart info Yes Yes
Mutual Funds - Performance Analysis info Yes Yes
Mutual Funds - Prospectus info Yes No
Mutual Funds - 3rd Party Ratings info Yes Yes
Mutual Funds - Fees Breakdown info Yes No
Mutual Funds - Top 10 Holdings info Yes Yes
Mutual Funds - Asset Allocation info Yes Yes
Mutual Funds - Sector Allocation info Yes No
Mutual Funds - Country Allocation info Yes No
Mutual Funds - StyleMap info Yes No
Options Trading Firstrade Citi Self Invest
Option Chains - Basic View info Yes No
Option Chains - Strategy View info Yes No
Option Chains - Streaming info No No
Option Chains - Total Columns info 8 0
Option Chains - Greeks info 5 0
Option Chains - Quick Analysis info No No
Option Analysis - P&L Charts info Yes No
Option Probability Analysis info No No
Option Probability Analysis Adv info Yes No
Option Positions - Greeks info No No
Option Positions - Greeks Streaming info No No
Option Positions - Adv Analysis info No No
Option Positions - Rolling info Yes No
Option Positions - Grouping info No No
Banking Firstrade Citi Self Invest
Bank (Member FDIC) info No Yes
Checking Accounts info Yes Yes
Savings Accounts info No Yes
Credit Cards info No Yes
Debit Cards info Yes Yes
Mortgage Loans info No Yes
Customer Service Firstrade Citi Self Invest
Phone Support (Prospect Customers) info Yes No
Phone Support (Current Customers) info Yes Yes
Email Support info Yes No
Live Chat (Prospect Customers) info Yes No
Live Chat (Current Customers) info Yes No
24/7 Support info No Yes
Overall Firstrade Citi Self Invest
Overall 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 2.5/5 Stars
Platforms & Tools 3.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3/5 Stars
Research 4.5/5 Stars 2.5/5 Stars
Education 3.5/5 Stars 1.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Firstrade Review Citi Self Invest Review
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