It has been over a year since I started using FirsTrade.com for my Individual IRA Account.
The basics of FirsTrade.com is that they offer $6.95 Stock Trades, free real-time quotes and research tools. The company has been very good to work with. I have had to call customer service only once, and I had a real person on the phone within 5 minutes…which is acceptable.
FirsTrade.com has a clean, easy to follow trading platform. The only issue that I’ve run into is that when I try to place a market order, I get an error message, and I’m, basically, required to place my order as a limit order. Other than that, I’m quite impressed with FirsTrade.com and have recommended them to friends.
My only suggestion to the company is that they allow you to make a trade order, and view a real time quote, on the same screen. As their software is currently configured, you are sent to a different screen when you request a quote.
For what it is worth, I had been sitting on about 50% cash in my retirement account for almost a year. I went heavy into the market on last Wednesday after the “mini crash” that we experienced. I picked up some great companies at pretty nice discounts to what I feel they are truly worth, and I’m hopeful they will grow nicely over the long term.
I would love to have a comment about what you were investing in last week!!!
Happy Trading and Investing!