SOURCE: Firstrade Securities Inc

Firstrade Securities Inc

April 19, 2011 12:48 ET

Firstrade to Offer Investors Commission-Free ETFs

Ten Popular Exchange-Traded Funds Represent Diverse Allocation of Assets

NEW YORK, NY--(Marketwire - Apr 19, 2011) - Firstrade, www.firstrade.com, a leading online brokerage, announced that investors can now buy and sell 10 of the most popular exchange-traded funds (ETFs) at no cost. The funds represent a broad array of categories including domestic and foreign, small-cap, mid-cap and commodity funds, emerging markets and short-term to long-term bonds.

"The 10 ETFs we selected for commission-free trading are designed to allow clients to quickly and easily build a strong foundation for a diversified portfolio," said John Liu, President and CEO of Firstrade. "Our 10 Commission-free ETFs cover it all."

Following are the 10 ETFs that Firstrade offers commission-free.

SymbolDescriptionExpense RatioObjective
• BLV(Vanguard Long Term Bond ETF)0.11%*Long term bond
• BIV(Vanguard Intermediate Term Bond ETF)0.11%*Intermediate-Term Bond
• BSV(Vanguard Short Term Bond ETF)0.11%*short term bond
• VBK(Vanguard Small Cap Growth ETF)0.12%*small growth
• IJH(iShares S&P MidCap 400 Index Fund)0.20%*mid cap blend
• VIG(Vanguard Dividend Appreciation ETF)0.23%*large blend
• VWO(Vanguard Emerging Markets ETF)0.22%*Diversified Emerging Mkts
• IVV(iShares S&P 500 Index Fund)0.09%*Large Blend
• DBC(PowerShares DB Commodity Index Tracking Fund)0.81%*Commodities Broad Basket
• FXI(iShares FTSE/Xinhua China 25 Index Fund)0.72%*China region

Before investing in an ETF, be sure to carefully consider the fund's objectives, risks, charges, and expenses. Please read the prospectus carefully before investing.

The commission-free trades on the 10 eligible ETFs must be placed online at Firstrade. Commission-free trades apply to all buy and sell transactions on eligible ETFs. If you sell an eligible ETF within 30 days of purchase, a regular $6.95 online commission fee will apply to the sale.

The commission-free ETFs selected by Firstrade are subject to change without notice.

Firstrade offers trades at $6.95. Customers can invest in stocks, options, over 11,000 mutual funds, exchange traded funds, bonds, treasuries, agencies and CDs online. Firstrade also offers retirement accounts, including Traditional and Roth IRAs. There is no minimum deposit to open a Firstrade account and no inactivity or maintenance fees.

About Firstrade
Firstrade is a leading online investment firm offering a full line of investment products and tools to help investors take control of their financial future. Since its founding in 1985, Firstrade has been committed in providing high value and quality services to our customers. Combining proprietary trading technology, a highly intuitive user interface, outstanding customer service, and mobility applications, Firstrade is a comprehensive solution for all of your investing needs. Whether you are a new investor or active trader, at Firstrade, we are committed to excellence, and putting the investor first. For more information, visit www.firstrade.com. Member FINRA/SIPC.

Contact Information

  • Contact
    Anne Steinberg
    Kitchen Public Relations
    (212) 687-8999
    Email Contact

    Firstrade
    133-25 37th Avenue
    Flushing, NY 11354
    Toll-free: 1-800-869-8800
    www.firstrade.com