Etrade.com review: E*TRADE is an online brokerage platform that provides a wide range of financial services and investment options to individuals, including stocks, options, ETFs, mutual funds, futures, and fixed income securities. The website, etrade.com, serves as the gateway to their platform, offering a user-friendly interface and a comprehensive set of features.
One of the key strengths of E*TRADE is its intuitive and user-friendly platform. The website showcases their trading platform, which allows users to access real-time streaming quotes, customize charts, and utilize various research and analysis tools. The platform is designed to cater to both beginner investors who are just starting out and experienced traders looking for advanced features.
Retirement planning is another focus of ETRADE, as highlighted on their website. They offer various retirement planning solutions, such as Individual Retirement Accounts (IRAs) and rollover options. Users can explore retirement calculators and tools to help them plan and save for their retirement goals. ETRADE aims to provide individuals with the necessary resources and guidance to make informed decisions about their long-term financial future
| 💵 Currency: | USD |
| 💰 Min deposit | Varies (No specific minimum) |
| ⚖️ Leverage | |
| 💱 Spread | |
| 💹 Markets | Stocks, Options, ETFs, Mutual Funds, Bonds, Futures, and more |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | New York, United States |
Overall Etrade.com Review
Overall, E*TRADE's website, etrade.com, serves as an informative and user-friendly platform that offers a comprehensive range of investment services, educational resources, retirement planning solutions, and customer support. It aims to cater to investors of all levels of experience and provides the tools and resources necessary for successful investing.
Go to Etrade.com website
Best Crypto Exchanges
Top Crypto Exchanges→
Geographic Distribution
Geography of clients (traders) of Etrade.com
Top Reviews
Best customer reviews of Etrade.com
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
ETRADE has been my go-to brokerage platform for years, and I have had a consistently positive experience. The platform's wide range of investment options, including stocks, options, and ETFs, allows me to diversify my portfolio easily. The user-friendly trading platform provides intuitive navigation, real-time quotes, and advanced research tools that help me make informed investment decisions. Additionally, ETRADE's retirement planning solutions have been instrumental in helping me prepare for my future. The customer support is responsive and knowledgeable, always ready to assist me when needed. Overall, E*TRADE has exceeded my expectations and remains a reliable and trusted platform for my investment needs.
United States
The platform offers a decent selection of investment options and provides educational resources that helped me expand my knowledge. The trading platform is generally user-friendly, with customizable features and real-time quotes. However, I occasionally encountered technical glitches that disrupted my trading activity. Also, commissions and minimum account size can be a bit high, making it less accessible to smaller investors. While ETRADE has its merits, it could benefit from addressing technical issues and offering more affordable options to a wider range of investors.
Canada
I had a disappointing experience with ETRADE. Despite the platform's promise of a user-friendly interface, I found the trading platform to be cumbersome and unintuitive. The research tools were limited, making it difficult to perform in-depth analysis. I also encountered several technical issues that affected the execution of my trades. In addition, customer service was slow and unresponsive to my questions. High commissions and minimum account size were additional drawbacks that made the company less attractive to small investors. Overall, my experience with ETRADE did not meet my expectations and I eventually decided to look for alternative platforms for my trading needs.
United Kingdom
Expert Review
Expert Review of Etrade.com
As a financial expert, I can attest to the reliability of Etrade.com as an online brokerage platform. E*TRADE has established itself as a reputable and trusted name in the industry, offering a range of services to cater to the needs of investors.
One of the key aspects that contributes to the reliability of ETRADE is its strong regulatory framework. The platform is regulated by the U.S. Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA). This regulatory oversight ensures that ETRADE operates in compliance with industry standards, safeguarding the interests of its users.
ETRADE's commitment to security is another factor that enhances its reliability. The platform employs advanced encryption technology to protect users' personal information and follows strict security protocols to prevent unauthorized access to accounts. Additionally, ETRADE offers two-factor authentication for added security.
The platform's stability and performance are also noteworthy. E*TRADE's trading platform is built to handle high volumes of trades efficiently, minimizing downtime and order execution delays. Real-time market data, reliable trade execution, and accurate account information contribute to a seamless trading experience.
Furthermore, E*TRADE provides extensive customer support services. Users can reach out to the support team via phone, email, or online chat for assistance with their accounts or any inquiries they may have. The responsive and knowledgeable customer support team ensures that users receive timely assistance when needed.
In conclusion, E*TRADE can be considered a reliable and trustworthy online brokerage platform. Its adherence to regulatory standards, strong commitment to security, stable platform performance, and responsive customer support make it a reliable choice for individuals seeking a reputable platform to execute their investment activities.
Financial expert and analyst at TradersHero.com
Risk Warning! Trading on Etrade.com involves inherent risks, and it is important for traders to be aware of these risks before engaging in any trading activities. The financial markets are subject to volatility, and the value of investments can fluctuate significantly. Traders should be prepared for the possibility of losses and understand that past performance is not indicative of future results.
Copy Trading
Investment Programs
On Etrade.com, there are various programs and strategies that traders can use to potentially earn money. Here are a few examples:
- Day Trading: Day trading involves buying and selling financial instruments within the same trading day, aiming to take advantage of short-term price fluctuations. Traders can utilize E*TRADE's trading platform to actively monitor the markets, identify potential opportunities, and execute trades in real-time.
- Swing Trading: Swing trading focuses on capturing shorter-term price movements over a few days to several weeks. Traders aim to profit from the ups and downs of the market, typically using technical analysis to identify trends and patterns. E*TRADE's platform offers tools and resources for chart analysis and technical indicators to assist swing traders in their decision-making process.
- Options Trading: Options trading involves the buying and selling of options contracts, which provide the right to buy or sell underlying assets at a predetermined price within a specified timeframe. Traders can use options strategies to generate income, hedge positions, or speculate on price movements. E*TRADE provides options trading capabilities and educational resources to support traders in understanding and executing options strategies.
- Long-Term Investing: ETRADE also caters to long-term investors looking to build wealth over time. Traders can research and invest in a wide range of stocks, ETFs, and mutual funds, utilizing ETRADE's investment tools and resources to make informed investment decisions. Dividend investing and portfolio diversification are common strategies employed by long-term investors.
It is important to note that while these programs and strategies can potentially lead to earnings, trading and investing involve risks, and there is no guarantee of profits. Traders should conduct thorough research, understand their risk tolerance, and develop a well-defined trading or investment plan before engaging in any trading activities on Etrade.com.
ETRADE does not currently offer a dedicated copy trading feature on its platform. Copy trading typically involves automatically replicating the trades of successful traders or strategies. While ETRADE does not provide this specific functionality, the platform offers a range of other tools and resources for traders to analyze and make their own investment decisions.
It's worth noting that if copy trading is of specific interest, there are other platforms and brokerages available in the market that specialize in providing copy trading services. These platforms typically offer features that allow users to automatically copy the trades of selected traders or strategies. Traders interested in copy trading may consider exploring these specialized platforms as an alternative.
Best Copy Trading Platforms
Conditions
Trading Conditions for Etrade.com Traders
Trading conditions for E*TRADE traders on etrade.com are designed to provide a comprehensive and user-friendly trading experience. Here are some key aspects of the trading conditions:
E*TRADE offers various types of accounts, including individual brokerage accounts, retirement accounts, and managed portfolio options. Traders can choose the account type that aligns with their investment goals and preferences.
Traders on E*TRADE have access to a wide range of financial instruments, including stocks, options, ETFs, mutual funds, bonds, and futures. This diverse selection allows traders to build a well-rounded investment portfolio.
When it comes to trading fees and commissions, E*TRADE has a transparent fee structure. Traders should familiarize themselves with the specific fee schedule for their account type and the instruments they plan to trade. This includes considering factors such as commission charges, account maintenance fees, and other applicable charges.
E*TRADE provides various order types to cater to different trading strategies. Traders can choose from market orders, limit orders, stop orders, and more to execute trades in a way that aligns with their trading goals and risk management preferences.
For eligible traders, E*TRADE offers margin trading, which allows them to borrow funds to leverage their trading positions. Margin trading involves additional risks, and traders need to meet specific requirements and adhere to margin regulations.
It is important for traders to review and understand the specific trading conditions outlined by E*TRADE. This includes considering account types, available financial instruments, trading fees, order types, margin requirements, and the functionality of the trading platform. Having a clear understanding of these trading conditions ensures that traders can effectively execute their investment strategies on etrade.com.
| 💵 Currency | USD |
| 💰 Min deposit | Varies (No specific minimum) |
| ⚖️ Leverage | |
| 💱 Spread | |
| 💹 Markets | Stocks, Options, ETFs, Mutual Funds, Bonds, Futures, and more |
| 📱 Mobile apps | iOS, Android |
| 💵 Replenishment / Withdrawal: | Bank Transfer, Electronic Funds Transfer, Wire Transfer, Check Deposit |
| 🏦 Broker Type: | Full-Service Brokerage |
| 📞 Customer Service | Phone, Chat, Email |
| 👩💼 Support | Multilingual |
| 👨💼 Personal Account Manager | ✅ |
| 🔁 Copy Trading | |
| 🔓 Demo account | ✅ |
| 🗺️ Headquarters | New York, United States |
Risk Warning
Comparison
Comparison of Etrade.com with other FOREX Brokers
Broker comparison table of trading instruments
Commissions
Etrade.com Accounts, Commissions & Fees
ETRADE offers various types of accounts, each with its own features, commissions, and fees. Here is an overview of the account types and associated costs on ETRADE:
- Brokerage Accounts:
- Commissions: E*TRADE charges $0 commission for online equity trades for stocks, ETFs, and options.
- Options Contracts: Each options contract carries an additional fee, which is typically around $0.65 per contract.
- Mutual Funds: E*TRADE offers a wide selection of no-load, no-transaction-fee mutual funds. However, transaction fees may apply for certain funds.
- Account Maintenance Fee: E*TRADE does not charge an annual or inactivity fee for brokerage accounts.
- Retirement Accounts:
- Traditional and Roth IRAs: The same commissions and fees mentioned above apply to IRA accounts.
- IRA Closure Fee: There is a $25 fee for closing an IRA account.
- Managed Portfolios:
- Core Portfolios: E*TRADE's automated managed portfolio service charges an annual advisory fee of 0.30% of the account balance, paid quarterly.
- Blend Portfolios: The advisory fee for Blend Portfolios is 0.35% of the account balance.
- Dedicated Portfolios: This service has a higher advisory fee of 0.65% of the account balance.
- Margin Trading:
- Margin Interest Rates: E*TRADE offers competitive rates for margin trading. The rates are subject to change and are based on prevailing market conditions.
- Other Fees:
- Wire Transfers: Domestic and international wire transfers have associated fees.
- Bank Returned Deposits: If a deposit is returned by the bank, a fee may be charged.
- Paper Statement Fee: There is a $2 fee for receiving paper statements.
It's important to note that the above information is a general overview and may be subject to change. For specific and up-to-date details on ETRADE accounts, commissions, and fees, it is recommended to visit the official ETRADE website or contact their customer support directly.
| Account Type | Brokerage Account | Traditional IRA | Roth IRA | Managed Portfolios | Margin Account |
|---|---|---|---|---|---|
| Commission | $0 commission for equity trades | Same as Brokerage Account | Same as Brokerage Account | Varies based on portfolio | Same as Brokerage Account |
| Fees | No annual or inactivity fee | IRA Closure Fee ($25) | IRA Closure Fee ($25) | Annual advisory fee (0.30%-0.65%) | Same as Brokerage Account |
| Investment Options | Stocks, ETFs, Options, Mutual Funds, Bonds, Futures | Stocks, ETFs, Options, Mutual Funds, Bonds, Futures | Stocks, ETFs, Options ,Mutual Funds, Bonds, Futures | services | Mutual Funds, Bonds, Futures |
| Retirement Savings | Not specific to retirement | Tax-deferred savings | Tax-free savings | Not specific to retirement | Not specific to retirement |
| Margin Trading | Not specific to margin trading | Not specific to margin trading | Ability to trade on margin |
Risk Warning
Final review
Detailed review of Etrade.com Review
ETRADE is a prominent online brokerage platform that offers a comprehensive range of services for investors and traders. With its user-friendly platform, diverse investment choices, robust research and education resources, and strong customer support, ETRADE has established itself as a trusted name in the industry.
For novice traders, E*TRADE is an excellent option as an online brokerage platform, providing a user-friendly environment for forex trading.
One of the standout features of ETRADE is its account options. Whether you're an individual investor or looking for retirement accounts, ETRADE provides a variety of account types to suit your needs. From individual brokerage accounts to Traditional and Roth IRAs, investors have the flexibility to choose the account that aligns with their investment goals and preferences. Additionally, E*TRADE offers managed portfolios for those seeking automated portfolio management services.
Regarding pricing and fees, E*TRADE offers $0 commission for online equity trades, making it an attractive option for cost-conscious traders. However, fees may apply for options contracts, mutual funds, and other transactions. It is important for traders to review the fee schedule and understand the costs associated with their specific account type and trading activities.
The platform itself is highly intuitive and accessible. E*TRADE's web-based and mobile trading platforms provide real-time quotes, advanced charting tools, and customizable watchlists, allowing traders to stay informed and make informed decisions. Moreover, the platform is supported by comprehensive research and education resources. Investors can access market news, analyst reports, educational articles, webinars, and in-depth analysis tools, enabling them to deepen their understanding of the markets and make well-informed investment choices.
Overall, E*TRADE provides a comprehensive and reliable online brokerage experience. Its user-friendly platform, diverse investment choices, robust research and education resources, strong customer support, and commitment to security make it a reputable choice for investors and traders alike.
Advantages:
Etrade.com Regulator
Securities and Exchange Commission (SEC)
Securities and Exchange Commission (SEC): The SEC is a U.S. regulatory agency responsible for enforcing federal securities laws. As a registered broker-dealer, ETRADE is subject to SEC regulations, which aim to protect investors and maintain fair and efficient markets. Compliance with SEC regulations ensures that ETRADE operates in accordance with the highest standards of integrity, transparency, and investor protection.
Regulator website: Securities and Exchange Commission (SEC)
Financial Industry Regulatory Authority (FINRA)
Financial Industry Regulatory Authority (FINRA): FINRA is a self-regulatory organization authorized by the SEC to oversee brokerage firms and registered representatives. ETRADE is a member of FINRA, and compliance with FINRA rules and regulations ensures that ETRADE maintains ethical business practices, customer protection, and fair dealings in the securities industry.
Commodity Futures Trading Commission (CFTC)
Commodity Futures Trading Commission (CFTC): The CFTC is a U.S. regulatory agency overseeing futures, options, and derivatives markets. While ETRADE primarily focuses on securities trading, it also offers futures trading. Compliance with CFTC regulations ensures that ETRADE follows best practices and maintains the integrity of the futures market.
Risk Warning
Promotions
Bonuses Paid by the Etrade.com
ETRADE offers various promotional programs and bonuses to its customers. Here are the key points regarding bonuses paid by ETRADE:
Cash Bonus for New Accounts
E*TRADE occasionally provides cash bonuses for new account openings. These bonuses are typically offered to customers who meet specific criteria, such as depositing a certain amount within a specified time frame.
Commission-Free Trades
E*TRADE may offer commission-free trades as a promotional incentive. This allows customers to trade certain securities without incurring trading fees.
Referral Program
E*TRADE has a referral program that rewards existing customers for referring new customers. The referring customer may receive a bonus, such as cash or commission credits, once the referred customer meets certain requirements.
Education
Review of the Etrade.com Education Program
ETRADE offers a comprehensive education program designed to equip traders and investors with the knowledge and skills necessary to navigate the financial markets effectively. Here is a review of the ETRADE education program:
Overall, the ETRADE education program provides a wealth of resources to help traders and investors develop their knowledge and expertise in the financial markets. Whether you are a beginner or an experienced trader, the educational materials, webinars, and research tools offered by ETRADE can enhance your understanding and improve your decision-making capabilities.
Best Online Trading Courses
-
The Future of DeFi: Trends and Predictions for 2024
-
Advanced Charting Techniques: Using Advanced Chart Patterns to Improve Your Trading Accuracy
-
Crypto Security Best Practices: Tips for Keeping Your Digital Assets Safe from Hackers
-
Leveraging Fundamental Analysis: Using Economic Indicators to Inform Your Trading Decisions
-
Forex Trading Platforms: Choosing the Right Platform for Your Trading Needs
-
The Future of Cryptocurrency: Predictions and Trends for the Next Decade
-
Trading Volatility: Strategies for Profiting from Price Swings in Forex and Crypto Markets
-
Introduction to Crypto Mining: How to Start Mining Cryptocurrencies at Home
-
Exploring Forex Pairs: Understanding Major, Minor, and Exotic Currency Pairs
-
Crypto Market Analysis: Identifying Trends and Opportunities for Profitable Trading
Rating and Comments
Etrade.com Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
I had a disappointing experience with ETRADE. Their educational resources are informative, I found their platform to be slow and outdated. Trade execution often took longer than expected and I had difficulty navigating the platform. Furthermore, customer service was slow to respond to my inquiries, which left me frustrated. Given the technological advances in the industry, I was expecting a smoother and more efficient trading experience. Unfortunately, ETRADE did not meet my expectations.
Their user-friendly platform is a pleasure to use, offering a wide range of investment options and powerful research tools. Educational resources have helped me improve my trading skills, and prompt customer support is always available to help me. Competitive prices and reliable execution make ETRADE the best choice for both beginners and experienced traders.
I recently joined ETRADE and have been impressed with their comprehensive educational program. The webinars and tutorials gave me valuable knowledge about trading strategies and market analysis. The platform itself is intuitive and packed with many features, making it easy for me to make trades and track my portfolio. The research tools and market analysis provided by ETRADE have greatly improved my decision-making process. I highly recommend E*TRADE to anyone looking for a reliable and educational brokerage platform.
Their platform offers a good selection of investment options and research resources. The educational materials have been helpful in expanding my knowledge. However, I occasionally experienced technical glitches and delays in transactions. Although the support team was quick to address the issues, the occasional glitches affected my overall trading experience. With some improvements in platform stability, ETRADE could be an excellent choice.