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Firstrade vs Robinhood 2025

StockBrokers.com

Written by StockBrokers.com

February 20, 2025

In this head to head comparison of Firstrade vs Robinhood, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Firstrade
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00
Robinhood
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00

Range of investments

When choosing an online broker, it's important to consider the range of investment options available. Firstrade generally stands out in this area, offering a wide variety of choices such as stock trading, margin accounts, fractional shares, OTC stocks, mutual funds, and options trading. Robinhood, while popular and easily accessible, doesn't offer OTC stocks or mutual funds, and its investment range is slightly more limited compared to Firstrade. However, Robinhood does excel with its cryptocurrency offerings, providing access to 22 different coins, which Firstrade does not offer. While both offer traditional and Roth IRA accounts, neither provides advisory services.

Both Firstrade and Robinhood facilitate stock trading, margin trading, and fractional shares trading. In addition, both platforms offer options trading but differ significantly when it comes to other investment types. Firstrade gives you the ability to invest in OTC stocks and mutual funds, while Robinhood leans more towards cryptocurrency, supporting a variety of digital coins not available through Firstrade. Importantly, neither broker provides access to forex or futures trading, which might influence your decision if these are areas you're interested in exploring.

Overall, if you're looking for a broker with a broader range of traditional investment choices, Firstrade might be your go-to option as evidenced by its higher ranking and star rating for range of investments. For those interested in cryptocurrency, Robinhood provides a solid choice by allowing investment in 22 different digital currencies. The right option depends on your specific investment goals and interests, but Firstrade's variety makes it a strong contender for those focusing on a more traditional portfolio.

Feature Firstrade logoFirstrade
Robinhood logoRobinhood
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info Yes No
Mutual Funds info Yes No
Options Trading info Yes Yes
Futures Trading info No No
Crypto Trading info No Yes info
Crypto Trading - Total Coins info 0 22
Range of Investments 4.5/5 Stars 3.5/5 Stars

Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025

Trading platforms and tools

When comparing the trading platforms and tools of Firstrade and Robinhood, it's clear they cater to different trading needs. Both platforms provide a browser-based trading experience without offering desktop downloads for Windows or Mac. While Firstrade excels in offering a wider range of technical indicators for charting, Robinhood shines with its user-friendly features like the ability to adjust open orders directly on stock charts and set custom date ranges for charts. Although Firstrade offers more fields for watch lists, Robinhood's overall ease and flexibility give it an edge, earning it a slightly higher rating of 3.5 stars compared to Firstrade's 3 stars.

Firstrade stands out in terms of the number of columns available for watch lists, offering 50 compared to Robinhood's three. It also boasts 102 technical indicators, providing depth for those who value detailed analysis. However, Firstrade falls short in customization, lacking features such as the ability to add notes to charts or save multiple chart profiles. Both Firstrade and Robinhood do not offer paper trading or trading journals, but Robinhood's additional drawing tools and interactive features make up for some of these shortcomings.

On the other hand, Robinhood provides a more intuitive and user-friendly experience, particularly for beginners. It features 23 drawing tools, significantly more than Firstrade's eight, and allows users to modify open orders directly on stock charts, which is not possible with Firstrade. Robinhood also permits setting custom date ranges and showing automated technical analysis on charts. Despite both platforms lacking in some areas, Robinhood's additional functionalities have earned it a higher ranking of 9th place among 16 brokers compared to Firstrade's 11th place, according to StockBrokers.com.

Feature Firstrade logoFirstrade
Robinhood logoRobinhood
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 16
Charting - Drawing Tools info 8 23
Platforms & Tools 3/5 Stars 3.5/5 Stars

Dive deeper: 7 Best Brokerage Accounts for 2025, Best Paper Trading Platforms for 2025

Featured Offers


5/5 Stars

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Beginners and education

Firstrade and Robinhood both cater to beginner investors seeking educational resources, although they vary in their offerings and effectiveness. Firstrade provides instructional materials on stocks and options, supporting learners with webinars and educational videos. However, it does not extend its educational coverage to ETFs, mutual funds, or bonds. Meanwhile, Robinhood offers education on stocks, ETFs, and options, although it lacks the video component. Both platforms fall short on providing education regarding mutual funds and bonds, and neither offer paper trading or progress tracking features for learners.

In terms of quality, Robinhood achieves a slightly higher educational rating with 4 out of 5 stars, compared to Firstrade's 3.5 stars. This aligns with their rankings on StockBrokers.com, where Robinhood stands at 9th place out of 16 brokers, and Firstrade ranks 13th. Both brokers offer webinars, but neither provides quizzes to test knowledge. Ultimately, Robinhood seems to edge out Firstrade for beginner investor education, largely due to its comprehensive coverage of different investment types and higher resource ratings.

Feature Firstrade logoFirstrade
Robinhood logoRobinhood
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 No
Webinars info Yes Yes
Education 3.5/5 Stars 4/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When it comes to choosing between Firstrade and Robinhood for a solid stock trading app, both platforms offer competitive features that cater to different needs. Firstrade and Robinhood both support iPhone and Android apps, though Robinhood takes an edge by also offering an Apple Watch app. While Robinhood is rated slightly higher in rankings at 7th place compared to Firstrade’s 9th place by StockBrokers.com, both platforms hold a commendable user rating of 4.5 stars out of five. Depending on your preferences, whether it’s the variety of technical studies or after-hours features, both platforms can serve as excellent trading companions.

Firstrade excels in providing a wide array of charting tools with 81 technical studies available in its mobile app, allowing for a more detailed analysis of stock trends. Users of Firstrade can enjoy the ability to customize watch list columns and chart views in landscape mode, enhancing the capability to personalize their trading experience. Furthermore, Firstrade supports mobile after-hours trading and options trading, positioning it as a versatile option for serious traders seeking extensive analytical tools and flexibility.

On the other hand, Robinhood's appeal lies in its user-friendly interface and feature of viewing charts with stock comparisons, even though it offers only 6 technical studies on its mobile app. It allows for after-hours charting, which might be a decisive factor for users who need this capability. Robinhood also provides mobile after-hours and options trading, making it accessible for traders interested in actively engaging with the market beyond regular hours. With the added convenience of an Apple Watch app, Robinhood is well-suited for tech-savvy investors looking for a streamlined, efficient trading process.

Feature Firstrade logoFirstrade
Robinhood logoRobinhood
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No Yes
Stock Alerts info Yes Yes
Charting - After-Hours info No Yes
Charting - Technical Studies info 81 6
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps for 2025

Fees

When choosing between Firstrade and Robinhood, it’s important to consider the cost structures that each online broker presents. Both Firstrade and Robinhood offer compelling services with no minimum deposit requirements, and they charge absolutely nothing for regular stock trades, options contracts, and Individual Retirement Account (IRA) annual or closure fees. However, significant differences appear in their margin rates and account transfer fees. Thus, potential investors should weigh these factors according to their trading habits and financial goals.

In terms of margin rates, Robinhood offers more competitive prices compared to Firstrade. For margin balances below $25,000, Robinhood charges 5.75%, while Firstrade's rate is notably higher at 13.75%. This trend continues with slightly reduced rates for higher balances: Robinhood maintains rates of 5.75% for margin balances between $25,000 and $49,999, and 5.55% for those between $50,000 and $99,999. Firstrade, on the other hand, offers 13.50% and 13.00% respectively for these ranges. Clearly, Robinhood presents a more cost-effective choice for traders seeking to use margin accounts.

When it comes to account transfers, Firstrade seems to have the edge. For partial account transfers (ACAT), Firstrade charges $55.00 compared to Robinhood's $100.00. For a full account transfer, Firstrade’s fee is $75.00, while Robinhood charges $100.00. Additionally, neither Firstrade nor Robinhood impose fees on options exercise or assignment, maintaining a user-friendly environment for options traders. This detailed comparison of fees can assist investors in making an informed decision based on their preferences and financial strategies.

Feature Firstrade logoFirstrade
Robinhood logoRobinhood
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.00 $0.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $0.00

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

When considering Firstrade and Robinhood for day trading, it's evident that neither platform provides advanced features often sought by frequent traders. Both brokers lack streaming time and sales for stocks, as well as streaming live TV, which may limit real-time information access that many traders value. Additionally, neither platform offers direct market routing or trading hotkeys, which are tools that can enhance execution speed and precision in trades.

One distinct offering Robinhood has is ladder trading, providing an advantage for those looking for dynamic trading layouts. However, neither Firstrade nor Robinhood offers level 2 quotes, backtesting strategies, or a short locator tool, meaning traders have limited in-depth market data and analysis capabilities. Order liquidity rebates are also absent on both platforms. As a whole, amateur and casual traders might find these services sufficient, while more seasoned day traders may seek platforms with richer trading features.

Feature Firstrade logoFirstrade
Robinhood logoRobinhood
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 info
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No

Dive deeper: Best Day Trading Platforms for 2025

Market Research

When evaluating the market research capabilities of online brokers Firstrade and Robinhood, Firstrade stands out as the superior option. It provides more comprehensive research tools and resources across a variety of asset classes. Firstrade outshines Robinhood with a higher rating of 4.5 stars compared to Robinhood's 2 stars, according to StockBrokers.com. This puts Firstrade in an impressive 6th place out of 16 brokers, while Robinhood trails behind at 10th place.

Firstrade offers extensive research options for stocks, ETFs, mutual funds, bonds, and even Pink Sheets/OTCBB, unlike Robinhood, which lacks mutual funds and bonds research. Firstrade also provides in-depth insights with downloadable PDF research reports and a social media sentiment analysis feature for stocks, both of which Robinhood does not offer. Additionally, Firstrade supports sustainable investing with ESG research, enhancing its appeal for socially conscious investors.

In terms of tools to identify trading opportunities, Firstrade provides screeners for stocks, ETFs, mutual funds, and bonds, helping investors fine-tune their strategies. Robinhood, however, only offers a stock screener and falls short in other areas. With Firstrade’s ability to display portfolio allocation by asset class and offer a more diverse set of research tools, it stands as a comprehensive choice for investors seeking detailed market analyses across multiple asset categories.

Feature Firstrade logoFirstrade
Robinhood logoRobinhood
Research - Stocks info Yes Yes
Screener - Stocks info Yes Yes
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 features of Firstrade and Robinhood, there are several differences to consider. Firstrade offers checking accounts, giving users a straightforward way to manage their everyday finances, whereas Robinhood does not provide this option. Both platforms offer debit cards, making everyday transactions convenient, but only Robinhood gives clients the option of a credit card. Neither Firstrade nor Robinhood offers savings accounts or mortgage loans, keeping their focus on investment services rather than traditional banking products. For those looking to invest in Certificates of Deposit, Firstrade offers CD options, while Robinhood does not. Ultimately, the choice between Firstrade and Robinhood's banking capabilities depends on the specific financial tools you're looking to access alongside your trading activities.

Feature Firstrade logoFirstrade
Robinhood logoRobinhood
Checking Accounts info Yes No
Savings Accounts info No No
Debit Cards info Yes Yes
Credit Cards info No Yes
Mortgage Loans info No No
CDs info Yes No

Dive deeper: Best Bank Accounts for Trading Stocks for 2025

Winner

After opening live accounts and testing 16 of the best online brokers, our research and live account testing finds that Firstrade is better than Robinhood. Firstrade finished with an overall score of 81.8%, while Robinhood finished with a score of 77.3%.

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 Robinhood?

When it comes to crypto trading, Firstrade does not offer any cryptocurrency options, whereas Robinhood provides a more extensive selection with 22 different coins available for trading.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does Firstrade or Robinhood offer IRAs?

Both Firstrade and Robinhood offer traditional and Roth IRA accounts with no annual or closure fees, providing cost-effective options for investors seeking retirement savings solutions.

Dive deeper: Best IRA Accounts for 2025

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Compare

0 of 5
Overall Rating Firstrade Robinhood
Overall 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 3/5 Stars 3.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars
Research 4.5/5 Stars 2/5 Stars
Customer Service 3.5/5 Stars N/A
Education 3.5/5 Stars 4/5 Stars
Ease Of Use 4/5 Stars 4.5/5 Stars
Winner check_circle
Review Firstrade Review Robinhood Review
Broker Screenshots Firstrade Robinhood
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 Robinhood
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $0.00 N/A
Mutual Fund Trade Fee info $0 N/A
Options (Per Contract) info $0.00 $0.00
Futures (Per Contract) info (Not offered) (Not offered)
Broker Assisted Trade Fee info $19.95 N/A
Margin Rates Firstrade Robinhood
Margin Rate Under $25,000 info 13.75% 5.75%
Margin Rate $25,000 to $49,999.99 info 13.50% 5.75%
Margin Rate $50,000 to $99,999.99 info 13.00% 5.55%
Margin Rate $100,000 to $249,999.99 info 12.50% 5.25%
Margin Rate $250,000 to $499,999.99 info 12.50% 5.25%
Margin Rate $500,000 to $999,999.99 info 12.50% 5.25%
Margin Rate Above $1,000,000 info 12.50% 5% info
Account Fees Firstrade Robinhood
IRA Annual Fee info $0.00 $0.00
IRA Closure Fee info $0.00 $0.00
Account Transfer Out (Partial) info $55.00 $100.00
Account Transfer Out (Full) info $75.00 $100.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
Investment Options Firstrade Robinhood
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes Yes
OTC Stocks info Yes No
Options Trading info Yes Yes
Complex Options Max Legs info 4 4
Futures Trading info No No
Forex Trading info No No
Crypto Trading info No Yes info
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 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 Robinhood
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes Yes
Order Type - OCO info Yes No
Order Type - OTO info Yes No
Order Type - Broker Assisted info Yes No
Beginners Firstrade Robinhood
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 No
Retirement Calculator info Yes No
Investor Dictionary info Yes Yes
Paper Trading info No No
Videos info Yes No
Webinars info Yes Yes
Webinars (Archived) info Yes No
Progress Tracking info No No
Interactive Learning - Quizzes info No No
Stock Trading Apps Firstrade Robinhood
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No Yes
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes Yes
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes Yes
Stock App Features Firstrade Robinhood
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No No
Stock Alerts info Yes Yes
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes Yes
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info Yes Yes
Stock App Charting Firstrade Robinhood
Charting - After-Hours info No Yes
Charting - Can Turn Horizontally info Yes No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 81 6
Charting - Study Customizations info Yes Yes
Charting - Stock Comparisons info No No
Trading Platforms Firstrade Robinhood
Active Trading Platform info Robinhood Legend
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 Robinhood
Charting - Adjust Trades on Chart info No Yes
Charting - Indicators / Studies info 102 16
Charting - Drawing Tools info 8 23
Charting - Notes info No Yes
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info No No
Charting - Corporate Events info No No
Charting - Custom Date Range info No Yes
Charting - Custom Time Bars info No Yes
Charting - Automated Analysis info No No
Charting - Save Profiles info No Yes
Trade Ideas - Technical Analysis info Yes No
Charting - Study Customizations info 6 1
Charting - Custom Studies info No No
Day Trading Firstrade Robinhood
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Ladder Trading info No Yes
Trade Hotkeys info No No
Level 2 Quotes - Stocks info No No info
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 Robinhood
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 Yes
Screener - ETFs info Yes No
Screener - Mutual Funds info Yes No
Screener - Bonds info Yes No
Misc - Portfolio Allocation info Yes No
Stock Research Firstrade Robinhood
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 Robinhood
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 Yes
ETFs - Top 10 Holdings info Yes Yes
ETFs - Sector Exposure info Yes Yes
ETFs - Risk Analysis info Yes No
ETFs - Ratings info Yes No
ETFs - Morningstar StyleMap info Yes No
ETFs - PDF Reports info Yes No info
Mutual Fund Research Firstrade Robinhood
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 Robinhood
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes Yes
Option Chains - Streaming info No Yes
Option Chains - Total Columns info 8 17
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 Yes
Option Positions - Adv Analysis info No No
Option Positions - Rolling info Yes Yes
Option Positions - Grouping info No Yes
Banking Firstrade Robinhood
Bank (Member FDIC) info No No
Checking Accounts info Yes No
Savings Accounts info No No
Credit Cards info No Yes
Debit Cards info Yes Yes
Mortgage Loans info No No
Customer Service Firstrade Robinhood
Phone Support (Prospect Customers) info Yes No
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospect Customers) info Yes No
Live Chat (Current Customers) info Yes Yes
24/7 Support info No Yes
Overall Firstrade Robinhood
Overall 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 3/5 Stars 3.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 4.5/5 Stars
Research 4.5/5 Stars 2/5 Stars
Education 3.5/5 Stars 4/5 Stars
Ease Of Use 4/5 Stars 4.5/5 Stars
Winner check_circle
Review Firstrade Review Robinhood Review
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