Firstrade questions

Hi,

I have today opened an account with firstrade and I have two questions:

1) To deposit funds they want my bank details, can't I just give them my VISA card number?

2) Should I deposit $1000 and not perform a single trade for 3 months, is it safe to assume that my balance will be $1000 after 3 months? (due to no inactivity fee)

I thank you in advance

Rolex80

Firstrade should be able to answer both of these questions better than anyone here. (Presumably)

They havent answered my email yet, i sent it 24 hours ago.

Dingo biscuit (or any other good soul) , did your online broker ask for your bank details or was he happy enough with your VISA card number?

I have never tried to fund equities with a credit card, so I have no answer. I assume the brokerage would need your bank routing and account information for when the time comes to cash out equities. I do not think a credit card wil accept payment from your brokerage firm, but I have never tried, therefore have no firsthand knowledge.

Let us know what transpires.

"Please be advised that we are unable to accept funding via Visa card or any other credit card.

We currently accept funds by check, money order, wire transfer and by ACH transfer."