ETrade – reviews and review of the global financial trading platform

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E*TRADE Review 2020: Free Commissions, Large Investment Selection

E*TRADE excels even outside of its $0 commissions, with superb educational resources, portfolio-building tools and a large mutual fund selection.

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Our Take

The bottom line: E*TRADE has long been one of the most popular online brokers. The company’s $0 commissions and strong trading platforms appeal to active traders, while beginner investors benefit from a large library of educational resources.

on E*TRADE’s website

E*TRADE

on E*TRADE’s website

Account Minimum
Promotion

cash credit with a qualifying deposit or transfer

Pros & Cons

Large investment selection.

Excellent customer support.

Access to extensive research.

Advanced mobile app.

Commission-free stock, options and ETF trades.

Website can be difficult to navigate.

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Compare to Similar Brokers

Account Minimum
Account Minimum
Promotion

cash credit with a qualifying deposit or transfer

Promotion

minimum trade cost

Best Online Brokers

Full Review

E*TRADE offers value to both beginner investors and frequent traders with a library of educational resources, professional-level trading platforms, and tools to help assemble a risk-appropriate, balanced portfolio. Active traders will appreciate the firm’s $0 commission for all stock, ETF and options trades.

In February 2020, Morgan Stanley announced a $13 billion deal to purchase E*TRADE, which is expected to be complete pending regulatory approvals by the end of the year. E*TRADE will continue to accept new accounts, which will move to Morgan Stanley once the deal is final.

E*TRADE is best for:

Research and data.

Retirement planning assistance.

E*TRADE at a glance

Stock trading costs

No base commission; $0.65 per contract (volume discount available)

Account fees (annual, transfer, closing, inactivity)

No annual or inactivity fee. $75 full transfer out fee; $25 partial

Number of commission-free ETFs

All ETFs trade commission-free.

Number of no-transaction-fee mutual funds

• Stocks. • Bonds. • Mutual funds. • ETFs. • Options. • Futures.

Three platforms available for free to all customers: • E-Trade Web. • Power E-Trade. • E-Trade Pro.

Two high-performing apps: • E*TRADE Mobile. • Power E*TRADE. Available on iOS and Android.

Research and data

Free and extensive, with over eight providers available at no cost.

Customer support options (includes website transparency)

Phone, email and chat support 24/7; 30 local branches

$100 to $2,500 cash credit with a qualifying deposit.

Where E*TRADE shines

Trading platforms: E*TRADE has three trading platforms — E*TRADE Web, Power E*TRADE and E*TRADE Pro. All are free and available to all customers, with no trade activity or balance minimums.

E*TRADE Web offers free streaming market data, free real-time quotes, live market commentary, analyst research stock screeners and more. From the dashboard, you can track your accounts, create watch lists, view market data and make trades, including complex options strategies.

E*TRADE Pro, the company’s desktop platform, is equally impressive, with idea-generating tools like Strategy Scanner and back-testing capabilities.

And for truly active traders, there’s Power E*TRADE, the result of the company’s acquisition of OptionsHouse several years ago. The web platform offers real-time data, more than 100 technical studies, over 30 drawing tools, streamlined trade tickets, customizable options chain views and trading ladders.

E*TRADE options trading platform.

There are plenty of educational materials and demos on the E*TRADE website that let you peek at what each platform can do.

Free commissions: Effective October 2020, E*TRADE dropped its once-high $6.95 trade commission to $0 for online stock, options and ETF trades. Options still carry a contract charge, but that was reduced to $0.65, with a discounted fee of $0.50 for active traders.

Mobile app: E*TRADE’s two free mobile apps are standouts, perhaps the best available from any online broker. Both are available for iOS and Android.

The E*TRADE mobile app allows you to easily manage your account, place trades and get real-time quotes and news, including Bloomberg TV. It offers advanced mobile features like stock and ETF screeners, as well as multi-leg options trades. The E*TRADE app is available for Apple Watch as well.

The Power E*TRADE app offers many capabilities on the go: Traders can access the customizable options chain, a selection of popular technical studies, charts, streaming quotes and news. The app can be used for trading complex strategies, including four-legged option spreads, and futures traders can enter futures orders directly from the futures ladder.

Investment selection: E*TRADE offers a breadth of investment choices that will please active traders and retirement investors alike, including futures and advanced options strategies, as well as more than 4,400 no-transaction-fee mutual funds. That mutual fund lineup easily rivals those at other brokers. Mutual funds not on the no-fee list will cost $19.99 per transaction.

E*TRADE’s analysts regularly update a list of highlighted mutual funds called the All-Star Funds Report with the top no-load funds and ETFs offered.

Educational resources: E*TRADE is a great jumping off point for beginner investors, in part because of the educational resources it offers. Online, investors can view webinars on topics like options trading, technical analysis and how to diversify a portfolio, and in-person events are regularly held at E*TRADE branches.

The company also offers online investing courses from independent investment research company Morningstar, covering everything from stocks 101 to how to build an emergency fund. A thematic investing section of the E*TRADE website includes advice for how to invest in companies that align with specific values, like gender diversity, clean energy and cybersecurity.

E*TRADE also has strong in-person customer service, with 30 branches staffed by financial consultants. Customer support is also available by phone, email and live chat 24/7.

If you’d rather skip learning and cede investment decisions to the experts, E*TRADE’s robo-advisor service, E*TRADE Core Portfolios , will manage your portfolio for you for an annual advisory fee of 0.30%. The minimum investment for that service is $500. Robo-advisors are computer-based investment advisors who build and manage client investment portfolios.

» Interested in a robo-advisor? Here are our top picks .

Where E*TRADE falls short

Website transparency: Part of our analysis includes how easily and quickly customers and potential customers can find key information on a broker’s website; E*TRADE came up a bit short in this area. Our testers were unable to easily find the company’s required account minimum or guidance on how to close an E*TRADE account once open, both of which should be readily available.

The bottom line

E*TRADE’s investing tools, educational resources, large selection of no-transaction-fee mutual funds and innovative trading technology will suit all types of investors. Active traders will love the $0 commissions, and beginners will easily get up to speed with the company’s deep educational resources.

E-Trade feedback on the trading platform

✅ This Trading Platform is available in United States

Overview of the development prospects of global financial market companies: eTrade (E*Trade).

Experienced traders are well aware that successful trading in financial assets in foreign markets directly depends on the chosen company that provides this opportunity. And in this case it is necessary to take into account not only such indicators as the future profit of the client of the trading platform, but also the presence / absence of bonuses or contests, the business reputation of the company, the number of its customers, reviews on the Internet (or other media sources, etc.) .Only after collecting the necessary information and carefully studying / analyzing this data, it is possible to draw any conclusions about the trading platform. It is even better if you (your relatives, friends, girlfriends of the wife) or good comrades and work colleagues have familiar specialists in this financial industry. They will help you understand how the whole system works, why the performance indicators of the platform begin to “fall” for no “visible” reasons, and what factors have an unpredictable effect on the financial condition of the trader. As an example, you can use the platform eTrade (E * Trade) – one of the oldest sites in the world, which was founded in the early eighties of the last century.

What should a trader pay attention to when registering an account on eTrade (E*Trade) or any other trading platform?

Despite the fact that the represented company has been operating for more than 30 years, its services remain as popular and competitive as 10-20 or 30 years ago. The administration of the service has always taken into account the opinion of its clients / potential users, studied the current situation in the global financial market and invested substantial sums of money to create new products. That is, the company did not stop its development in the 90s or early 2000s, as evidenced by the number / level of services provided, as well as reviews of professional analysts about this broker. Studying reviews, comments about this corporation, be sure to pay attention to the directions in which it deals:

● Since 1996, eTrade has been licensed on the New York Stock Exchange as an international financial holding.

● Performs the functions of an investment company.

● Provides consulting services.

● Provides some services to financial institutions.

● Among the best online brokers.

Security of E-Trade

For a company of this level, the issue of the safety of its customers is very important. For these purposes, the broker’s administration uses not only the latest software, but also other means of protection. Created to work efficiently eTrade (E * Trade) applications guarantee fast execution of concluded deals, regardless of where the trader is located. The main conditions are the availability of the Internet and an appropriate mobile device (not necessarily the most expensive). The following platforms are provided for operation on stationary devices:

● OptionsHouse (since 2020).

The training of support service specialists is convincing evidence of its reliability and professionalism. Experts are just as easy to solve various financial force majeure, as well as technical problems. Users should not be afraid that the program will “freeze” at the time of the transaction, and after the start of normal operation, the benefit of this operation will decrease by 2-3 times.

E*Trade: Regulation of activities

A large number of fans of online trading in the online mode, much more actively register on E * Trade login, having studied the list of institutions that regulate the activity of forex brokers:

● FINRA. US Financial Services Regulatory Services.

● SIPC. An organization that protects the interests of traders, investors and private owners of securities in the United States.

● Regulator of financial brokers and markets in the states.

If you failed to solve the problem with the broker, feel free to contact one of the above institutions, which will give a final answer to your dispute, and, if necessary, help the trader to return the money.

Training on E-Trade

On the web-site under consideration, you can complete a full course of study free of charge and familiarize yourself with the available training materials. Many traders started their activities as an independent financial asset trader. This will be enough for a newbie who is determined to make money in a similar way. But in order not just to “earn” (after all, you can earn income working for someone else’s firm), you should always work hard to get a normal profit: analyze political and economic news, figure out what and how it affects the value of currencies or assets. If you think that online trading is the pressing of 3 buttons, it means that you should not waste time and energy on this activity.

The presented site is not inferior to its competitors in many ways, so for the average user this is an ideal trading platform. Placed on eTrade (E * Trade) demo account is a logical continuation of the theoretical part. Having studied the theory, the future client decides to consolidate their knowledge in practice. He makes deals, carefully checks possible wins / losses, creates his own trading strategies, discusses them with analysts. As a result, a strong, hardworking person will surely reach the goal.

Rules of work on the eTrade service (E*Trade)

The existing rules for working on this resource are generally satisfied with both the administration of the trading platform and the customer’s service. The terms of the contract are not violated when all the obligations of the parties are fulfilled. This fact is stated, like many years ago, in reviews prepared about eTrade, which can be found at any time using the services of the world wide web.

Trading Terms of E-Trade

● Minimum deposit – from $ 500.

● Direction of activity – provision of financial services.

● The minimum transaction amount is 0.01.

● Flexible broker remuneration system.

● Providing personal consultant services.

● Currency accounts – euro, British pound, Japanese yen, US dollar.

E*Trade Broker financial assets

After the memorable events of 2020, when hundreds / thousands of people almost instantly decided to convert cryptocurrency to the usual $, euro or British pound, the rapid growth of the PTS stopped. This event was massive. But many users, having calculated their income / losses, decided to invest crypto coins in a promising business. After studying the books, reviews and comments of famous analysts, financiers, etc., they created the necessary accounts and transferred unreliable digital money into commodities, precious metals, ETFs, futures, currency pairs, stocks, bonds, as well as popular options. .

Deposit / withdrawal of funds E-Trade

Among all existing opportunities to replenish the deposit or withdraw money from it, the administration of the resource decided to use: traditional plastic cards (Visa \ MasterCard), transfers of financial institutions and WebMoney.

E*TRADE Online Stock Brokers Review

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