Firstrade Securities Explained

Firstrade Securities Inc.
Type:Privately held company
Location:Flushing, New York, United States
Founder:John Liu [1]
Key People:John Liu, CEO
Assets:[2]
Industry:Financial services
Products:Broker
Stockbroker

Firstrade Securities is a stockbrokerage firm and broker-dealer headquartered in Flushing, New York that offers an electronic trading platform to trade financial assets including stocks, exchange-traded funds (ETF), options, mutual funds, and bonds.[3] [4]

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

History

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]

Notes and References

  1. Web site: John Liu - FINRA brokercheck- . Financial Industry Regulatory Authority.
  2. https://www.sec.gov/Archives/edgar/vprr/2300/23003260.pdf SEC filing
  3. Web site: Firstrade Securities Inc.- FINRA brokercheck- . Financial Industry Regulatory Authority.
  4. Web site: SIPC-List of Members-Firstrade . Securities Investor Protection Corporation.
  5. Web site: Terrett . Eleanor . 2022-05-02 . Firstrade first to offer individual crypto trading, beats Schwab and TD Ameritrade . 2022-07-08 . FOXBusiness . en-US.
  6. Web site: Taifook Securities Group and Firstrade Securities Inc. Reached Agreement to Expand Cross-border Online Trading Business . 2018-10-17 . 2018-10-17 . https://web.archive.org/web/20181017163345/http://www.taifook.com/english/aboutus/press/20100419183649.pdf . dead .
  7. Web site: The Best US Stock Brokers 2022 for Inexpensive Trading – Stock Brokers – Forex-Ratings.com . 2022-07-08 . www.forex-ratings.com.
  8. Web site: Firstrade Securities Inc.. Firstrade Securities Inc. Celebrates Branch Grand Opening in Queens, NY. Prweb.com. 2014-08-22. 2018-10-19.
  9. Web site: Firstrade Named Best Online Broker 2019 for Active Traders, Commissions and Fees and ETFs by Kiplinger's Personal Finance . 2022-07-08 . markets.businessinsider.com . en.
  10. Web site: Best Online Brokers, 2021 . 2022-07-08 . Kiplinger . 27 August 2021 . en.
  11. Web site: Best Online Brokers, 2018 . 2022-07-08 . Kiplinger . 29 August 2018 . en.

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