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Firstrade vs Public.com 2024

StockBrokers.com

Written by StockBrokers.com

October 30, 2024

In this head to head comparison of Firstrade vs Public.com, 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
Public.com
3.5/5 Stars Overall
  • Minimum Deposit: $20.00
  • Stock Trades: $0.00 info
  • Options (Per Contract): $0.00 info

Investment options

When choosing between Firstrade and Public.com for online brokerage services, Firstrade offers a broader range of investment options, making it a strong contender for individuals seeking diverse financial instruments. Rated 4.5 stars for investment options and ranked #6 out of 18 brokers by StockBrokers.com, Firstrade excels by offering stock and options trading, fractional shares, margin trading, mutual funds, and OTC stocks. Additionally, it supports traditional and Roth IRA accounts, enhancing its appeal to long-term investors. In contrast, Public.com, with a 3-star rating and ranked #15, provides stock and options trading along with fractional shares and margin trading but lacks offerings such as mutual funds and IRA accounts.

Both Firstrade and Public.com support stock and options trading, as well as fractional shares, margin trading, and over-the-counter (OTC) stocks. However, while Firstrade lacks a crypto trading platform, Public.com allows users to trade 22 different cryptocurrencies, providing a unique advantage for those interested in digital assets. In terms of other investment categories like forex and futures, neither broker provides these options. Moreover, neither Firstrade nor Public.com offers advisor services, indicating that both platforms are tailored more towards self-directed investors.

For those focused on traditional investments such as mutual funds and retirement accounts, Firstrade emerges as the superior option due to its comprehensive offerings, including mutual funds and compatibility with both traditional and Roth IRAs. Conversely, Public.com’s distinctive strength lies in its cryptocurrency selections, making it a go-to for investors eager to delve into crypto markets. Ultimately, the choice between Firstrade and Public.com hinges on one's preference for investment diversity, retirement planning support, or modern asset classes like cryptocurrencies.

Feature Firstrade logoFirstrade
Public.com logoPublic.com
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info Yes Yes
Mutual Funds info Yes No
Options Trading info Yes Yes
Futures Trading info No No
Crypto Trading info No Yes
Crypto Trading - Total Coins info 0 22
Investment Options 4.5/5 Stars 3/5 Stars

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

Trading platforms and tools

In comparing the trading platforms and tools of Firstrade and Public.com, Firstrade stands out with a slight edge in overall versatility and features available for traders. Both platforms do not support desktop downloadable versions for Windows or Mac, relying instead on robust browser-based solutions. Neither platform currently offers paper trading or trading journals, highlighting their focus on active trading rather than simulation or record-keeping. Ultimately, Firstrade earns a higher rating of 3.5 stars versus Public.com's 2.5 stars, reflecting its broader toolset and higher ranking as the 9th out of 18 brokers, compared to Public.com's 17th position according to StockBrokers.com.

When it comes to specific tools, Firstrade provides a greater number of options. It boasts 102 technical indicators and 8 drawing tools for charting, whereas Public.com does not currently offer any technical indicators or drawing tools. Firstrade offers substantial customization for stock charts, such as six fields when editing an SMA study, compared to none for Public.com. In contrast, both platforms offer watch list features but Firstrade again excels, offering 50 fields versus Public.com's three fields. While both platforms allow for index overlays on charts, neither supports additional chart customization features such as adding notes or displaying historical trades and corporate events.

Despite certain constraints shared by both Firstrade and Public.com, such as limited ability to customize charts and absence of some advanced tools, Firstrade's more comprehensive selection of technical indicators and customization fields makes it a more robust choice for those who prioritize technical analysis. Public.com, while simpler in its offerings, may appeal to new traders who seek a straightforward platform without the need for advanced charting tools. However, traders seeking richer features and flexibility might find Firstrade to be the more appealing choice. The respective rankings and star ratings further highlight Firstrade's comparative strength in trading platforms and tools.

Feature Firstrade logoFirstrade
Public.com logoPublic.com
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 3
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 it comes to beginner and investor educational capabilities, Firstrade and Public.com both provide valuable resources, though they vary slightly in their offerings. Firstrade is well-equipped to educate users on stocks and options through educational videos and webinars, though it lacks resources for ETFs, mutual funds, and bonds. In comparison, Public.com expands on ETF education alongside its stock and options instruction, also utilizing educational videos and webinars, but it similarly does not provide resources on mutual funds or bonds. In both platforms, users cannot engage in paper trading, track their learning progress, or test their knowledge with quizzes, which might be a drawback for those looking for interactive learning tools.

In terms of their overall educational ratings, Firstrade edges ahead with a rating of 3.5 stars compared to Public.com's 3 stars. According to a comparison by StockBrokers.com, Firstrade ranks #12 out of 18 brokers for education, reflecting its slightly more comprehensive approach to investor education. Public.com follows at #15, indicating room for growth in its educational offerings. Ultimately, both brokers provide foundational resources suitable for novice investors, but Firstrade's broader scope in stock and options education might appeal more to those looking for a slightly more in-depth understanding of these areas.

Feature Firstrade logoFirstrade
Public.com logoPublic.com
Education (Stocks) info Yes Yes
Education (ETFs) info No Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info No No
Education (Bonds) info No No
Paper Trading info No No
Videos info Yes Yes
Webinars info Yes Yes
Education 3.5/5 Stars 3/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2024

Stock trading apps

In evaluating the stock trading apps of Firstrade and Public.com, Firstrade emerges as a more robust option for traders seeking a higher degree of functionality and customization. Rated 4.5 stars and ranked #6 by StockBrokers.com, Firstrade offers a comprehensive suite of features including streaming quotes, stock alerts, and custom watch lists. Traders can enjoy intricate charting capabilities with 81 technical studies and the ability to view charts in landscape mode. In contrast, Public.com holds a 4-star rating and is ranked #14, offering a simpler app experience with basic charting features and stock comparison capabilities.

Both Firstrade and Public.com provide stock trading apps compatible with iPhone and Android devices, yet neither offers an Apple Watch app or streaming live TV. Both platforms similarly support mobile options trading and mobile after-hours stock trading, although the data for Public.com's after-hours trading availability is unspecified. While both brokers offer customization of watch list columns, Firstrade gives users the added advantage of creating entirely custom watch lists, an option unavailable on Public.com's app.

When it comes to charting, Firstrade leads with a wider array of features, including support for multiple time frames and a substantial library of technical studies. Despite lacking the ability to display stock comparisons directly on charts, Firstrade's comprehensive charting functionality suits traders and investors looking for in-depth analysis tools. Public.com, while offering the unique feature of stock comparisons on charts, falls behind in technical studies and lacks the capability for landscape mode chart viewing, making it an ideal choice for those preferring a more straightforward interface.

Feature Firstrade logoFirstrade
Public.com logoPublic.com
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Stock Alerts info Yes No info
Charting - After-Hours info No No
Charting - Technical Studies info 81 0
Mobile Trading Apps 4.5/5 Stars 4/5 Stars

Dive deeper: Best Stock Trading Apps of 2024

Fees

When comparing online brokers Firstrade and Public.com, a notable distinction lies in their approach to account fees and charges. Firstrade offers a significantly lower barrier to entry with a $0 minimum deposit requirement, compared to Public.com's $20 minimum deposit. Both platforms attract stock traders by offering commission-free trades, yet where they diverge is in their structure of margin rates. Firstrade tends to have higher margin interest rates across various balance categories, such as 13.75% for balances below $25,000 compared to 8.75% on Public.com. Furthermore, Firstrade stands out with zero fees for IRA accounts and options trading, while Public.com's fees for similar services remain unspecified.

Firstrade extends the benefit of no IRA annual or closure fees, a detail not mirrored by Public.com. On the other hand, both brokers eliminate fees for options contracts, exercise, and assignment, providing a coherent experience for options traders on either platform. However, disparities emerge in account transfer fees; Firstrade charges lower costs for partial ACAT transfers at $55 compared to Public.com's $75, although both align on a $75 fee for full transfers.

In summary, Firstrade may appeal to those seeking a low-entry investment solution with comprehensive free options, particularly in IRA management and options trading. Meanwhile, Public.com offers more competitive margin rates that might suit more active margin traders looking to optimize their interest outlay. Each broker offers unique strengths that can cater to different investment strategies based on individual financial goals.

Feature Firstrade logoFirstrade
Public.com logoPublic.com
Minimum Deposit $0.00 $20.00
Stock Trades $0.00 $0.00 info
Options (Per Contract) $0.00 $0.00 info
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
IRA Annual Fee $0.00
IRA Closure Fee $0.00
Commissions & Fees 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Brokers for Free Stock Trading of 2024

Day Trading

When evaluating Firstrade and Public.com for day trading, it becomes apparent that both platforms offer limited functionalities for active traders seeking advanced tools. Neither Firstrade nor Public.com provides streaming time and sales data for stocks, direct market routing, or trading hotkeys for fast execution. Furthermore, both platforms lack the option to access level 2 quotes, ladder trading, and streaming live TV, leaving traders without the intricate data often desirable for making informed, rapid trading decisions.

Additionally, neither Firstrade nor Public.com supports basic or advanced strategy backtesting, essential tools for traders looking to test and refine their trading strategies over historical data. They also both fall short in offering a short locator tool, which would allow users to check the current real-time availability of shares available for shorting, as well as order liquidity rebates. As a result, while Firstrade and Public.com may cater well to investors looking for user-friendly platforms, those interested in day trading may find their features insufficient for their needs.

Feature Firstrade logoFirstrade
Public.com logoPublic.com
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 evaluating the market research capabilities of online brokers, Firstrade stands out with a comprehensive array of research tools, earning a stellar 4.5-star rating. Ranked #6 among 18 brokers by StockBrokers.com, Firstrade provides extensive research capabilities, including stock, ETF, mutual fund, and bond research. In contrast, Public.com offers a more limited scope of market research resources, receiving just a 2-star rating and ranking #17 in the same analysis. Although both offer research in stocks and ETFs, Public.com lacks resources such as mutual funds, bonds, and several advanced features provided by Firstrade.

Firstrade users benefit from a broader spectrum of research tools including portfolio allocation insights, social media sentiment analysis for stocks, and ESG research. Additional resources include downloadable PDF reports for stocks and ETFs, and various screeners for generating trade ideas. Public.com, while competent in offering stock and ETF research, falls short with no provisions for mutual funds, bonds, or the ability to generate PDF reports and use screeners.

For investors seeking an in-depth market research experience, Firstrade offers a considerable advantage. Its superior rating and wider array of research tools make it a stronger choice for those looking to delve into the nuances of asset class allocation and ESG factors. Public.com, while user-friendly, is better suited for investors who prefer simplicity over comprehensive analytical tools. Whether focusing on traditional research or incorporating contemporary tools like sentiment analysis, Firstrade emerges as the more versatile platform in this comparison.

Feature Firstrade logoFirstrade
Public.com logoPublic.com
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 Stars

Banking

When comparing the banking capabilities of online brokers Firstrade and Public.com, Firstrade emerges as a slightly more diversified option. Firstrade provides checking accounts and debit cards, making it easier for users to manage their funds with added convenience. Additionally, Firstrade offers Certificates of Deposit (CDs), which can be attractive for those seeking fixed-term savings solutions. On the other hand, Public.com does not offer checking or savings accounts, nor does it provide debit or credit cards, limiting its banking functionality. Both Firstrade and Public.com lack credit card services and mortgage loans, positioning Firstrade as a more comprehensive choice for basic banking needs within the realm of online brokerage services.

Feature Firstrade logoFirstrade
Public.com logoPublic.com
Checking Accounts info Yes No
Savings Accounts info No No
Debit Cards info Yes No
Credit Cards info No No
Mortgage Loans info No No
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 Public.com. Firstrade finished with an overall score of 87.7%, while Public.com finished with a score of 72.9%.

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 Public.com?

While Firstrade does not support crypto trading and offers zero coins, Public.com provides access to crypto trading with a selection of 22 different coins, offering a more diverse trading experience for cryptocurrency investors.

Dive deeper: Best Crypto Trading Platforms of 2024

Does Firstrade or Public.com offer IRAs?

Firstrade offers traditional and Roth IRA accounts with no annual or closure fees, while Public.com does not provide IRA account options at all.

Dive deeper: Best IRA Accounts of 2024

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Compare

0 of 5
Overall Rating Firstrade Public.com
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 3/5 Stars
Platforms & Tools 3.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 2/5 Stars
Customer Service 3.0/5 Stars N/A
Education 3.5/5 Stars 3/5 Stars
Ease Of Use 4.5/5 Stars 4/5 Stars
Winner check_circle
Review Firstrade Review Public.com Review
Broker Screenshots Firstrade Public.com
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 Public.com
Minimum Deposit $0.00 $20.00
Stock Trades $0.00 $0.00 info
Penny Stock Fees (OTC) info $0.00 $2.99
Mutual Fund Trade Fee $0 n/a
Options (Per Contract) $0.00 $0.00 info
Futures (Per Contract) (Not offered) (Not offered)
Broker Assisted Trade Fee $19.95 n/a
Margin Rates Firstrade Public.com
Margin Rate Under $25,000 13.75% 8.75%
Margin Rate $25,000 to $49,999.99 13.50% 8.75%
Margin Rate $50,000 to $99,999.99 13.00% 6.75%
Margin Rate $100,000 to $249,999.99 12.50% 6.75%
Margin Rate $250,000 to $499,999.99 12.50% 5.75%
Margin Rate $500,000 to $999,999.99 12.50% 5.75%
Margin Rate Above $1,000,000 12.50% 5.75%
Account Fees Firstrade Public.com
IRA Annual Fee $0.00
IRA Closure Fee $0.00
Account Transfer Out (Partial) info $55.00 $75.00
Account Transfer Out (Full) info $75.00 $75.00
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
Investment Options Firstrade Public.com
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info Yes Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 0
Futures Trading info No No
Forex Trading info No No
Crypto Trading info No Yes
Crypto Trading - Total Coins info 0 22
Mutual Funds (No Load) info 15460 0
Mutual Funds (Total) info 19666 0
Bonds (US Treasury) info Yes Yes
Bonds (Corporate) info Yes Yes
Bonds (Municipal) info Yes No
Traditional IRAs info Yes No
Roth IRAs info Yes No
Advisor Services info No No
International Countries (Stocks) info 0 0
Order Types Firstrade Public.com
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes info
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 Public.com
Education (Stocks) info Yes Yes
Education (ETFs) info No Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info No No
Education (Bonds) info No No
Education (Retirement) info Yes Yes
Retirement Calculator info Yes No
Investor Dictionary info Yes Yes
Paper Trading info No No
Videos info Yes Yes
Webinars info Yes Yes
Webinars (Archived) info Yes Yes
Progress Tracking info No No
Interactive Learning - Quizzes info No No
Stock Trading Apps Firstrade Public.com
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 Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes No
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes No
Stock App Features Firstrade Public.com
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No No
Stock Alerts info Yes No info
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes No
Watch Lists - Create & Manage info Yes No
Watch Lists - Column Customization info Yes Yes
Stock App Charting Firstrade Public.com
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 Yes
Trading Platforms Firstrade Public.com
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 3
Stock Chart Features Firstrade Public.com
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 Yes
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 Public.com
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 Public.com
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 No info
Stock Research Firstrade Public.com
Stock Research - PDF Reports info 1 0 info
Stock Research - Earnings info Yes Yes
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 Public.com
ETFs - Strategy Overview info Yes Yes
ETF Fund Facts - Inception Date info Yes Yes
ETF Fund Facts - Expense Ratio info Yes Yes
ETF Fund Facts - Net Assets info Yes Yes
ETF Fund Facts - Total Holdings info Yes No
ETFs - Top 10 Holdings info Yes No
ETFs - Sector Exposure info Yes No
ETFs - Risk Analysis info Yes No
ETFs - Ratings info Yes No
ETFs - Morningstar StyleMap info Yes No
ETFs - PDF Reports info Yes No
Mutual Fund Research Firstrade Public.com
Mutual Funds - Strategy Overview info Yes No
Mutual Funds - Performance Chart info Yes No
Mutual Funds - Performance Analysis info Yes No
Mutual Funds - Prospectus info Yes No
Mutual Funds - 3rd Party Ratings info Yes No
Mutual Funds - Fees Breakdown info Yes No
Mutual Funds - Top 10 Holdings info Yes No
Mutual Funds - Asset Allocation info Yes No
Mutual Funds - Sector Allocation info Yes No
Mutual Funds - Country Allocation info Yes No
Mutual Funds - StyleMap info Yes No
Options Trading Firstrade Public.com
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 4
Option Chains - Greeks info 5 5
Option Chains - Quick Analysis info No Yes
Option Analysis - P&L Charts info Yes Yes
Option Probability Analysis info No No
Option Probability Analysis Adv info Yes No
Option Positions - Greeks info No Yes
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 Public.com
Bank (Member FDIC) info No No
Checking Accounts info Yes No
Savings Accounts info No No
Credit Cards info No No
Debit Cards info Yes No
Mortgage Loans info No No
Customer Service Firstrade Public.com
Phone Support (Prospect Customers) info Yes No
Phone Support (Current Customers) info Yes No
Email Support info Yes Yes
Live Chat (Prospect Customers) info Yes Yes
Live Chat (Current Customers) info Yes Yes
24/7 Support info No No
Overall Firstrade Public.com
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 3/5 Stars
Platforms & Tools 3.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 2/5 Stars
Education 3.5/5 Stars 3/5 Stars
Ease Of Use 4.5/5 Stars 4/5 Stars
Winner check_circle
Review Firstrade Review Public.com Review
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