Firstrade application form to open new account for online investing (IRA, ROTH, or brokerage), thinkorswim paper trading, forex, or futures.

Firstrade New Account Application (With Promotion)

$0 commissions + up to $200 in transfer fee rebates.


Open Firstrade Account


Firstrade New Account Application

Firstrade’s popularity as a low-cost broker that also supports a strong selection of securities to trade and offers a solid trading platform has been steadily growing as the no/low-cost brokerage space heats up. If you are considering opening a Firstrade account you’ve got nothing to lose since an account is free to open and maintain with no minimum balance requirement. This article will walk you through the account opening process step by step.

Opening a Firstrade Account

The first step is to open up Firstrade’s account is to click on their promotion offer: $0 commissions + up to $200 in transfer fee rebates. and then click on the orange “Open an Account” button in the center at the top of the screen. This link will take you to the first step (below). Firstrade lets you know that you will need your SSN (for non-U.S. applicants see the link at the bottom of this screen) and employer’s name and address handy later on in the process, but for now just enter your full name and email address.


FirstTrade new account application


The next step will be to choose the account type that you would like to open (see our other Firstrade article for a description of the different account types). This is also where you can select whether or not you want special features for your account, including extended hours trading, options trading, and enabling margin (this option requires a $2,000 minimum balance).


FirstTrade new account application


Next, Firstrade will ask for your contact information, such as your mailing address, SSN, phone number, etc. Firstrade needs this information for a number of reasons, most important of which is that they are legally required to collect this information before opening your account. More important to you, is that having this information will let them know where and how to reach you if they need to get in touch and where to send important account and tax-related documents.


FirstTrade new account application


On the next screen, they will ask you for your employer’s name and address and your salary and net worth. While this is less important than the personal information they’ve already asked for on the last screen, most brokers will ask for these details to make sure any investing advice they give you is appropriate for your financial situation.


FirstTrade new account application


We’re getting close to the end… just a few more questions. The next screen will ask for a few more details about your investing goals and experience and then ask about any possible affiliations to financial organizations, such a FINRA, or involvement or ownership in publicly traded corporations. All brokers are required to ask these questions, and most people answer no.


FirstTrade new account application


The last step is to fund your account (which you can do now or later) and agree to Firstrade’s terms of use. You can easily fund the account by clicking on your bank’s icon in the below screenshot and entering your bank account and routing number. ACH transfers will generally appear in your account the next business day and take a few days to settle.


FirstTrade new account application


New Account Promotion

Now that your Firstrade account is open, we wanted to let you know about a sweet promotion they are offering when you refer your friends. For every friend you refer that opens and funds a Firstrade account with at least $2,000 within 30 days of account opening and subsequently places at least one equity or options trade within 30 days of the qualifying deposit, Firstrade will credit your account with $50.


FirstTrade refer a friend


The fine print indicates that you must keep your account open and maintain your initial deposit (excluding any impact from trading) for 12 months or else Firstrade reserves the right to reclaim the $50 reward. Only standard individual (or joint) taxable accounts are eligible for this promotion, all other account types do not qualify.

Conclusion

In summary, opening a Firstrade account is a quick and easy process. Firstrade keeps it simple by only asking for the standard personal information that all brokers will request. Once this is submitted, you can instantly view and deposit funds to your account.

Promotion

$0 commissions + up to $200 in transfer fee rebates.


Open Firstrade Account


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