SOURCE: Firstrade Securities

May 01, 2007 05:00 ET

Firstrade Securities Ranks First in Online Brokerage Survey by the Leading Consumer Publication

NEW YORK, NY -- (MARKET WIRE) -- May 1, 2007 -- Firstrade Securities, the award-winning, online brokerage firm, scored first out of 19 online brokers surveyed by the nation's leading consumer publication. The publication prohibits use of its name.

This is the second year Firstrade has taken the top overall rating, as it did in 2005, for its large number of services combined with low trading costs of $6.95 per trade.

Firstrade garnered an overall score of 92, besting the closest competitor by 5 points. Scores are derived from a combination of seven different categories including trading, minimum trade fee, research & education, and customer support, mutual Funds, NTF funds available, as well as banking & asset management.

"Leading this list two surveys in a row is both an honor and an accomplishment," said John Liu, Founder and President of Firstrade. "It shows that we care about our customers and maintain a competitive focus in high-quality service with low prices."

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 websites 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