Firstrade Securities is a
stockbrokerage firm and
broker-dealer headquartered in
Flushing, New York
Flushing is a neighborhood in the north-central portion of the New York City borough of Queens. The neighborhood is the fourth-largest central business district in New York City. Downtown Flushing is a major commercial and retail area, and the i ...
that offers an
electronic trading platform
In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products ...
to
trade
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market.
An early form of trade, barter, saw the direct excha ...
financial asset
A financial asset is a non-physical asset whose value is derived from a contractual claim, such as bank deposits, bonds, and participations in companies' share capital. Financial assets are usually more liquid than other tangible assets, such a ...
s including
stocks,
exchange-traded funds (ETF),
options,
mutual fund
A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV ...
s, and
bonds.
In May 2022, Firstrade Securities launched its cryptocurrency platform through Firstrade Crypto LLC.
History
The company was founded in 1985 by John Liu,
[ as First Flushing Securities.
In 1997, the company was renamed Firstrade Securities Inc., and the company launched Firstrade.com.
In April 2010, Taifook Securities Company Limited, a wholly owned subsidiary of TSG, signed an agreement with Firstrade Securities, a US online broker, for cross-border securities trading business. Firstrade Securities no longer works with Taifook Securities Company Limited.
Firstrade held its branch grand opening on August 15, 2014.
Firstrade has been recognized as the best online broker by Kiplinger's Personal Finance since 2018, cited as best for active traders, funds, customer service, ETFs, and other categories]
References
External links
*
{{DEFAULTSORT:Firstrade Securities
1985 establishments in New York City
Investment management companies of the United States
Companies based in Queens, New York
Flushing, Queens
American companies established in 1985
Financial services companies established in 1985
Financial services companies of the United States
Companies based in New York City
Online brokerages