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Firstrade vs Vanguard 2025

StockBrokers.com

Written by StockBrokers.com

January 23, 2025

In this head to head comparison of Firstrade vs Vanguard, we will compare the trading platforms, mobile apps, investment options, 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
Vanguard
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $1.00

Investment options

When comparing Firstrade and Vanguard, both online brokers stand out for their robust range of investment options, each earning a commendable rating of 4.5 out of five stars. Firstrade is notably ranked sixth out of 18 brokers on StockBrokers.com for Investment Options, offering a comprehensive suite of services that includes stock trading, margin trading, and options trading. Vanguard, while not ranked by StockBrokers.com, remains a competitive choice, particularly for its traditional mutual funds and the availability of advisor services, which Firstrade does not provide. Ultimately, investors should consider their specific investing needs and preferences when choosing between these two reputable platforms.

Delving into the investment options, both Firstrade and Vanguard enable users to engage in stock trading, margin trading, options trading, and access to mutual funds. Firstrade, however, distinguishes itself by offering fractional shares trading, a feature not available with Vanguard, providing flexibility for investors looking to engage with stocks without purchasing whole shares. Both brokers provide access to over-the-counter (OTC) stocks as well, demonstrating their commitment to offering diverse investment opportunities.

Neither Firstrade nor Vanguard currently participates in forex or futures trading, and both also exclude cryptocurrency trading from their service offerings, with neither providing coins for crypto trading. Investors interested in retirement savings will find both platforms offer traditional IRA and Roth IRA accounts, helping clients plan for a secure financial future. However, when it comes to personalized advice, Vanguard stands out by providing advisor services, a supporting feature that Firstrade does not include, which may appeal to those seeking professional guidance in managing their portfolios.

Feature Firstrade logoFirstrade
Vanguard logoVanguard
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes No info
OTC Stocks info Yes Yes
Mutual Funds info Yes Yes
Options Trading info Yes Yes
Futures Trading info No No
Crypto Trading info No No
Crypto Trading - Total Coins info 0 0
Range of Investments 4.5/5 Stars 4.5/5 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 offered by Firstrade and Vanguard, Firstrade stands out with a slightly higher rating of three stars out of five, while Vanguard trails with a 2.5-star rating. Firstrade is ranked #11 among 18 brokers by StockBrokers.com for its trading platforms and tools, whereas Vanguard has not been given a ranking. These distinctions underscore Firstrade's more robust toolset and platform features relative to Vanguard.

Both Firstrade and Vanguard offer browser-based trading platforms, without any downloadable options for Windows or Mac users. Neither platform provides paper trading or trading journals, nor do they allow traders to adjust open orders directly on a stock chart. However, Firstrade delivers superior charting potential with 102 technical indicators and 8 drawing tools, compared to Vanguard's 9 indicators and no drawing tools. Firstrade also supports 50 columns for watch lists, vastly exceeding Vanguard's 9 columns. Nevertheless, only Vanguard provides the ability to display corporate events on charts.

Chart customizations are limited across both platforms, with neither supporting features like automated technical analysis, saving multiple chart profiles, or custom date ranges for charts. However, Firstrade shines with six customization fields when editing an SMA study, in contrast to Vanguard's single field. Both brokers lack the capability to create custom studies for charts. These particular offerings highlight Firstrade's edge in technical depth and customization over Vanguard's platform.

Feature Firstrade logoFirstrade
Vanguard logoVanguard
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 9
Charting - Indicators / Studies info 102 9
Charting - Drawing Tools info 8 0
Platforms & Tools 3/5 Stars 2.5/5 Stars

Dive deeper: Best Stock Brokers & Trading Platforms for 2025, Best Paper Trading Platforms for 2025

Featured Offers


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Beginners and education

When comparing the educational resources available for beginner investors between Firstrade and Vanguard, both online brokers offer basic stock education but diverge in other areas of investor learning support. Firstrade enhances its educational offerings by providing options education and hosts webinars, as well as educational videos, catering to those interested in learning about stock options trading. However, it does not extend education for ETFs, mutual funds, or bonds, nor does it offer paper trading or the ability to track learning progress, which are similarly not offered by Vanguard. Vanguard, while providing stock education and educational videos, falls short by not offering any further specialized investment education such as options or webinars, marking a potential gap for those seeking diverse learning tools.

From an educational rating perspective, both Firstrade and Vanguard received a score of 3.5 out of 5 stars. While Firstrade is ranked #13 out of 18 brokers for education by StockBrokers.com, Vanguard's ranking was not available, which might highlight Firstrade's additional features in stock and options education, albeit with room for improvement especially in the realms of more comprehensive asset class education and interactive learning tools. As beginners explore the platforms, they may find Firstrade's combination of educational videos and webinars beneficial for a more interactive learning experience, whereas Vanguard remains a steady choice for those focused solely on foundational stock knowledge.

Feature Firstrade logoFirstrade
Vanguard logoVanguard
Education (Stocks) info Yes Yes
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 Yes
Webinars info Yes No
Education 3.5/5 Stars 3.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2025

Stock trading apps

When it comes to mobile stock trading, Firstrade emerges as the more robust choice compared to Vanguard, evident in its higher user ratings and comprehensive feature set. Firstrade's stock trading app receives a commendable 4.5-star rating, positioning it at #9 out of 18 brokers, according to StockBrokers.com. Conversely, Vanguard trails with a 3-star rating and does not appear in the ranking. Firstrade provides mobile after-hours and options trading capabilities, alongside streaming quotes and comprehensive charting tools, making it a more suitable option for traders seeking diverse functionalities on the go.

Both Firstrade and Vanguard offer iPhone and Android apps, allowing users to trade from their choice of device. However, neither brokerage provides an Apple Watch app or streaming live TV, which might be a consideration for tech-savvy investors. While Firstrade does not offer videos on demand, it stands out with the ability to receive stock alerts, create and customize watch lists, and view charts in landscape mode—features absent in Vanguard's offering. Additionally, Firstrade supports viewing multiple time frames in charts, a function that Vanguard also provides, ensuring flexible analysis for traders.

Firstrade outshines Vanguard in the realm of technical analysis, presenting users with 81 available technical studies in its app, whereas Vanguard does not offer any. Both platforms lack after-hours charting and the ability to display stock comparisons on charts. This comprehensive suite of features in Firstrade's app, which includes customizable watch lists and enhanced charting options, appeals to traders who prioritize flexibility and rich data visualization tools in their mobile trading experience.

Feature Firstrade logoFirstrade
Vanguard logoVanguard
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 for 2025

Fees

When comparing Firstrade and Vanguard in terms of account fees and other charges, Firstrade emerges as a more cost-effective option, particularly for investors interested in options trading and managing IRA accounts. Firstrade offers commission-free stock and options trading, unlike Vanguard, which charges $1.00 per options contract. Furthermore, Firstrade levies no charges on IRA accounts, whereas Vanguard imposes a $25 annual fee for the same. Both platforms have a $0 minimum deposit requirement, making them equally accessible to new investors.

In terms of margin rates, Firstrade and Vanguard have similar pricing for balances under $25,000, both charging 13.75%. However, Vanguard becomes increasingly advantageous with larger balances. For amounts between $25,000 and $49,999, Vanguard undercuts Firstrade with a rate of 13.25% compared to Firstrade's 13.50%. This trend continues for balances between $50,000 and $99,999, where Vanguard charges 12.75%, while Firstrade charges 13.00%. This disparity makes Vanguard a more attractive option for investors with larger margin needs.

When it comes to account transfers, Vanguard generally offers better terms, particularly for partial transfers, where they do not charge any fees. Firstrade, on the other hand, charges $55 for partial transfers. For full transfers, Vanguard charges a heftier $100 compared to Firstrade’s $75. Additionally, both brokers charge $0 for options exercises and assignments, offering equal advantages in this area. Overall, Firstrade presents a more cost-effective model for traders, especially beginners and options traders, while Vanguard delivers better margin rates for higher balances and more forgiving account transfer policies.

Feature Firstrade logoFirstrade
Vanguard logoVanguard
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Options (Per Contract) info $0.00 $1.00
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
IRA Annual Fee info $0.00 $25.00 info
IRA Closure Fee info $0.00 $0.00
Commissions & Fees N/A 4.5/5 Stars

Dive deeper: Best Free Trading Platforms for 2025

Day Trading

When it comes to day trading capabilities, both Firstrade and Vanguard reveal striking similarities in their offerings. Neither platform provides streaming time and sales data for stocks, nor do they offer streaming live TV. Both Firstrade and Vanguard lack the direct market routing feature for stocks, and neither platform facilitates ladder trading. Additionally, traders considering essential tools like trading hotkeys for quick trade entry, level 2 quotes, or basic and advanced strategy backtesting will find these absent in both Firstrade and Vanguard's services.

For those seeking specific day trading features, such as a short locator tool to view real-time share availability or order liquidity (maker/taker) rebates, neither Firstrade nor Vanguard currently provide these options. This alignment in offerings suggests that while Firstrade and Vanguard may fulfill various investment needs, neither is presently positioned as an optimal choice for dedicated day traders seeking a wide array of specialized tools.

Feature Firstrade logoFirstrade
Vanguard logoVanguard
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 for 2025

Market Research

When comparing Firstrade and Vanguard for their market research capabilities, Firstrade has the edge with a 4.5-star rating and a #6 ranking by StockBrokers.com among 18 brokers, while Vanguard holds a 3.5-star rating with no specific ranking. Both brokers provide comprehensive research options, including stocks, ETFs, mutual funds, Pink Sheets/OTCBB, and bonds. However, Firstrade leads in certain innovative features like social media sentiment data and ESG research, which Vanguard does not offer.

Firstrade and Vanguard both support market research across a wide spectrum of investments, such as stocks, ETFs, mutual funds, Pink Sheets/OTCBB, and bonds. They each offer tools for portfolio allocation analysis by asset class and provide screeners for stocks, ETFs, mutual funds, and bonds to generate trade ideas. While both firms deliver stock research reports, Firstrade offers downloadable PDF reports for ETFs, whereas Vanguard does not. Conversely, Vanguard provides a slightly higher number of stock research reports available for download compared to Firstrade.

In terms of niche research tools, Firstrade sets itself apart by offering access to stock research that incorporates social media sentiment, a feature unavailable with Vanguard. Furthermore, Firstrade supplies ESG (Environmental, Social, and Governance) insights, further enhancing its research functionality and addressing the growing investor interest in sustainable investing. Overall, both platforms cater to traditional market research needs, but Firstrade distinguishes itself with features that align with modern investment strategies.

Feature Firstrade logoFirstrade
Vanguard logoVanguard
Research - Stocks info Yes Yes
Screener - Stocks info Yes Yes
Research - ETFs info Yes Yes
Screener - ETFs info Yes Yes
Research - Mutual Funds info Yes Yes
Screener - Mutual Funds info Yes Yes
Research - Bonds info Yes Yes
Screener - Bonds info Yes Yes
Research 4.5/5 Stars 3.5/5 Stars

Banking

When comparing the banking capabilities of online brokers Firstrade and Vanguard, Firstrade stands out by providing more comprehensive options. Firstrade offers checking accounts and debit cards to its customers, while Vanguard does not provide these services. Neither Firstrade nor Vanguard offers savings accounts, credit cards, or mortgage loans, making both brokers more limited in these areas. However, both Firstrade and Vanguard offer Certificates of Deposit (CDs), providing an avenue for fixed-term investments. For those seeking basic banking services such as checking accounts and debit cards alongside brokerage, Firstrade offers a more versatile solution compared to Vanguard.

Feature Firstrade logoFirstrade
Vanguard logoVanguard
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 Yes

Dive deeper: Best Bank Accounts for Trading Stocks for 2025

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 Vanguard. Firstrade finished with an overall score of 81.8%, while Vanguard finished with a score of 80.3%.

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 Vanguard?

Firstrade and Vanguard both do not offer crypto trading, with a total of 0 coins available on each platform.

Dive deeper: Best Online Brokers for Crypto Trading in 2025

Does Firstrade or Vanguard offer IRAs?

Both Firstrade and Vanguard offer traditional and Roth IRA accounts, with Firstrade providing a cost advantage by charging $0.00 in annual fees compared to Vanguard's $25.00 fee, while neither broker charges a closure fee for IRA accounts.

Dive deeper: Best IRA Accounts for 2025

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Compare

0 of 5
Overall Rating Firstrade Vanguard
Overall 4/5 Stars 4/5 Stars
Commissions & Fees N/A 4.5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 3/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Customer Service 3.5/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Ease Of Use 4/5 Stars 5/5 Stars
Winner check_circle
Review Firstrade Review Vanguard Review
Broker Screenshots Firstrade Vanguard
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 Vanguard
Minimum Deposit info $0.00 $0.00
Stock Trades info $0.00 $0.00
Penny Stock Fees (OTC) info $0.00 $0.00
Mutual Fund Trade Fee info $0 Varies info
Options (Per Contract) info $0.00 $1.00
Futures (Per Contract) info (Not offered) (Not offered)
Broker Assisted Trade Fee info $19.95 $25 info
Margin Rates Firstrade Vanguard
Margin Rate Under $25,000 info 13.75% 13.75% info
Margin Rate $25,000 to $49,999.99 info 13.50% 13.25%
Margin Rate $50,000 to $99,999.99 info 13.00% 12.75%
Margin Rate $100,000 to $249,999.99 info 12.50% 12.25%
Margin Rate $250,000 to $499,999.99 info 12.50% 11.75%
Margin Rate $500,000 to $999,999.99 info 12.50% 10.5%
Margin Rate Above $1,000,000 info 12.50% Varies info
Account Fees Firstrade Vanguard
IRA Annual Fee info $0.00 $25.00 info
IRA Closure Fee info $0.00 $0.00
Account Transfer Out (Partial) info $55.00 $0.00
Account Transfer Out (Full) info $75.00 $100.00 info
Options Exercise Fee info $0.00 $0.00
Options Assignment Fee info $0.00 $0.00
Investment Options Firstrade Vanguard
Stock Trading info Yes Yes
Margin Trading info Yes Yes
Fractional Shares info Yes No info
OTC Stocks info Yes Yes
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 No
Crypto Trading - Total Coins info 0 0
Mutual Funds (No Load) info 15460 N/A
Mutual Funds (Total) info 19666 N/A
Bonds (US Treasury) info Yes Yes
Bonds (Corporate) info Yes Yes
Bonds (Municipal) info Yes Yes
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info No Yes
International Countries (Stocks) info 0 0
Order Types Firstrade Vanguard
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 No
Order Type - OCO info Yes No
Order Type - OTO info Yes No
Order Type - Broker Assisted info Yes Yes
Beginners Firstrade Vanguard
Education (Stocks) info Yes Yes
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 Yes
Retirement Calculator info Yes Yes
Investor Dictionary info Yes No
Paper Trading info No No
Videos info Yes Yes
Webinars info Yes No
Webinars (Archived) info Yes No
Progress Tracking info No No
Interactive Learning - Quizzes info No No
Stock Trading Apps Firstrade Vanguard
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 Vanguard
Market Movers (Top Gainers) info Yes No
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 No
Watch List (Streaming) info Yes No
Watch Lists - Create & Manage info Yes No
Watch Lists - Column Customization info Yes No
Stock App Charting Firstrade Vanguard
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 Vanguard
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 9
Stock Chart Features Firstrade Vanguard
Charting - Adjust Trades on Chart info No No
Charting - Indicators / Studies info 102 9
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 Yes
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 1
Charting - Custom Studies info No No
Day Trading Firstrade Vanguard
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 Vanguard
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info Yes Yes
Research - Pink Sheets / OTCBB info Yes Yes
Research - Bonds info Yes Yes
Screener - Stocks info Yes Yes
Screener - ETFs info Yes Yes
Screener - Mutual Funds info Yes Yes
Screener - Bonds info Yes Yes
Misc - Portfolio Allocation info Yes Yes
Stock Research Firstrade Vanguard
Stock Research - PDF Reports info 1 2
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 Vanguard
ETFs - Strategy Overview info Yes No
ETF Fund Facts - Inception Date info Yes No
ETF Fund Facts - Expense Ratio info Yes No
ETF Fund Facts - Net Assets info Yes No
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 Vanguard
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 Yes
Mutual Funds - 3rd Party Ratings info Yes No
Mutual Funds - Fees Breakdown info Yes Yes
Mutual Funds - Top 10 Holdings info Yes Yes
Mutual Funds - Asset Allocation info Yes No
Mutual Funds - Sector Allocation info Yes Yes
Mutual Funds - Country Allocation info Yes No
Mutual Funds - StyleMap info Yes Yes
Options Trading Firstrade Vanguard
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes No
Option Chains - Streaming info No No
Option Chains - Total Columns info 8 9
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 Vanguard
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 Vanguard
Phone Support (Prospect Customers) info Yes Yes
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 No
24/7 Support info No No
Overall Firstrade Vanguard
Overall 4/5 Stars 4/5 Stars
Commissions & Fees N/A 4.5/5 Stars
Range of Investments 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 3/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Ease Of Use 4/5 Stars 5/5 Stars
Winner check_circle
Review Firstrade Review Vanguard Review
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