Wikilix
Licence record

Firstrade licences

2 licences are on record for Firstrade. None has been checked against an official register yet.

Back to Firstrade
At a glance

Regulation on record for Firstrade

Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.

Licences on record
2
Issuing authorities
2
From tier-1 or tier-2 authorities
2
Found on an official register
0

Firstrade has 2 licences on record with Wikilix, issued by 2 authorities across one jurisdiction. 2 of them were issued by tier-1 or tier-2 authorities — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.

Issuing authorities

Jurisdictions

Licence record

Licences on record

Every licence on record for Firstrade, strongest authority first.

2 records
A licence we could not confirm, or one a register has closed, is listed with that finding rather than left out.
Protection

What this licence protects

FINRA's own rules for the firms it authorises.

  • Compensation schemeUp to USD 500000 (SIPC)
  • Complaints routeFINRA Arbitration
  • Maximum leverage1:50
This describes the authority's regime, not how Firstrade applies it.
Frequently Asked Questions

Questions about the licences held by Firstrade

Answered from the register entries on this page.

Most Popular Questions
Firstrade offers a maximum leverage of 1:1 . This indicates that leverage is very limited or not typically applied, aligning with its regulatory environment and product offerings.
Firstrade offers customer support via phone, live chat during business hours, and email. Support is provided in English, and the broker maintains active social media channels including Facebook, Twitter, LinkedIn, and YouTube for additional contact and updates.
Firstrade does not charge commissions for trading and has no minimum deposit requirement. The minimum deposit amount is listed as zero USD, making it accessible for new investors.
Firstrade supports ACH electronic transfers, domestic and international bank wire transfers, checks, and broker-to-broker asset transfers (ACAT). ACH transfers are instant with no fees from Firstrade, while wire withdrawals incur a $25 fee. Checks and ACAT transfers have specific processing times and conditions.
Firstrade Securities, Inc is regulated in the United States by the SEC and FINRA, both tier 1 regulators. Client funds are protected by SIPC insurance up to $500,000, including $250,000 in cash. The broker operates under onshore licenses and complies with US financial regulations.
Firstrade has 2 licence records with Wikilix, issued by 2 authorities across one jurisdiction. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
Firstrade holds licence records issued by FINRA, SEC. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
2 of the licence records held by Firstrade come from tier-1 or tier-2 authorities (2 tier-1, 0 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the 2 licence records held by Firstrade has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
Firstrade has licence records in United States. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.
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