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Firstrade Securities

From Wikipedia, the free encyclopedia
American financial services company
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Firstrade Securities Inc.
Lower costs, higher standards.
Company typePrivately held company
IndustryFinancial services
Founded1985; 40 years ago (1985)
FounderJohn Liu[1]
HeadquartersFlushing, New York, United States
Key people
John Liu,CEO
ProductsBroker
Stockbroker
Total assetsUS$46 million (2023)[2]
Websitewww.firstrade.com

Firstrade Securities is astockbrokerage firm andbroker-dealer headquartered inFlushing, New York that offers anelectronic trading platform totradefinancial assets includingstocks,exchange-traded funds (ETF),options,mutual funds, andbonds.[3][4]

In May 2022, Firstrade Securities launched its cryptocurrency platform through Firstrade Crypto LLC.[5]

History

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The company was founded in 1985 by John Liu,[1] 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.[6] Firstrade Securities no longer works with Taifook Securities Company Limited.[7]

Firstrade held its branch grand opening on August 15, 2014.[8]

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[9][10][11]

References

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  1. ^ab"John Liu - FINRA brokercheck-"(PDF).Financial Industry Regulatory Authority.
  2. ^SEC filing
  3. ^"Firstrade Securities Inc.- FINRA brokercheck-".Financial Industry Regulatory Authority.
  4. ^"SIPC-List of Members-Firstrade".Securities Investor Protection Corporation. Archived from the original on October 19, 2018.
  5. ^Terrett, Eleanor (2022-05-02)."Firstrade first to offer individual crypto trading, beats Schwab and TD Ameritrade".FOXBusiness. Retrieved2022-07-08.
  6. ^"Taifook Securities Group and Firstrade Securities Inc. Reached Agreement to Expand Cross-border Online Trading Business"(PDF). Archived fromthe original(PDF) on 2018-10-17. Retrieved2018-10-17.
  7. ^"The Best US Stock Brokers 2022 for Inexpensive Trading – Stock Brokers – Forex-Ratings.com".www.forex-ratings.com. Retrieved2022-07-08.
  8. ^Firstrade Securities Inc. (2014-08-22)."Firstrade Securities Inc. Celebrates Branch Grand Opening in Queens, NY".Prweb.com. Retrieved2018-10-19.
  9. ^"Firstrade Named Best Online Broker 2019 for Active Traders, Commissions and Fees and ETFs by Kiplinger's Personal Finance".markets.businessinsider.com. Retrieved2022-07-08.
  10. ^"Best Online Brokers, 2021".Kiplinger. 27 August 2021. Retrieved2022-07-08.
  11. ^"Best Online Brokers, 2018".Kiplinger. 29 August 2018. Retrieved2022-07-08.

External links

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