SOURCE: Firstrade Securities

May 15, 2007 13:31 ET

Firstrade Reduces Options Trading Costs

NEW YORK, NY -- (MARKET WIRE) -- May 15, 2007 -- Firstrade Securities, the award-winning, online brokerage firm, is significantly reducing trading costs once again by lowering its option contract charges to 75 cents per contract. Additionally, options Exercise and Assignment charges are lowered to $16.95 and complex options trades will incur only one charge of $6.95 for a two legged trade instead of $13.90, plus contract fees.

Options are extremely versatile securities that can be used in many different ways such as generating income, hedging existing positions, or speculating. Options may not be suitable for all investors.

"We intend to maintain our lead in the industry as the most competitively priced online broker offering more services at a lower cost," explains Firstrade CEO John Liu. "So, if you combine our new low price with our excellent execution performance, according to many industry rankings, Firstrade is the place to trade options and invest online."

Firstrade was recently ranked as the #1 online broker by the leading consumer ratings publication. With this new first place ranking, Firstrade continues to hold the top spot and provide low cost online brokerage services to investors worldwide.

About Firstrade

Founded in 1985, Firstrade is a pioneer in online trading and leads the brokerage industry with a combination of low costs and a high level of customer service for the value-driven investment portfolio containing stocks, bonds, mutual funds and options. Firstrade offers stock trades at the highly competitive rate of $6.95 each and is the only online broker that has both Traditional Chinese and Simplified Chinese Language website and customer support.

Firstrade has consistently been recognized among online brokers for its high level of service, varied product offerings and low cost to the investor. For example, in 2006, Kiplinger Personal Finance named Firstrade the "Clear Winner" in the Mutual Funds Category and the "Top Clean-Hands Firm" in the Online Brokerage Industry. Smart Money has named Firstrade "the Best Deal" among online discount brokerages.

For more information, please visit our website at www.firstrade.com.

Contact Information

  • Contacts:

    Andrew Lavin
    A. Lavin Communications
    212-290-9540
    alc@alavin.com

    C.S. Hsia
    Firstrade Securities
    718-269-1563