E*trade is one of the pioneer brokerage firms with over 30 branches across the United States.
- Low trading costs on all assets
- Excellent research materials
- No inactivity fee
- No account minimum deposit requirement
- Available for US traders and investors only
- Demo account is only available on the Power E*Trade platform
- No negative balance protection
It is a trusted broker since top-rated US financial regulators such as the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) oversee its activities. The broker offers a full range of trading instruments for portfolio diversification, including stocks, options, futures, ETFs, mutual funds, and bonds.
E*Trade – Who Are They?
E*Trade was established in 1982 and is safe considering its long track record and having tier-one authorities regulating its activities. This broker is also listed in stock exchanges, has a banking background, and discloses its financials to the public, making it even more transparent.
E*Trade has a user-friendly trading platform that provides a two-step authentication login process. It also has good search functions and order types to maximise your potential. These features are also available on its mobile app, which you can easily download on Google Play and App Store.
There is no minimum deposit required once you create your live trading account. Trading costs are also low, including zero commission on stocks, options, and ETFs trade. In addition, E*Trade does not have an inactivity fee.
You will have access to quality research materials on E*Trade’s platforms, whether you are conducting short-term trades or long-term investments. There are also plenty of educational materials that cover a wide range of topics to build your skills.
Compare E*Trade With Other Brokers
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Our Opinion About E*Trade
E*Trade is one of the most popular brokers with excellent trading tools to maximise your potential. However, the broker can only be accessed by US residents, which limits other traders from various global regions.
Trading at E*trade is pocket-friendly with zero commission on stocks, options, and ETFs. Generally, it is a suitable choice for budget-conscious traders, predominantly active or frequent traders and investors. This broker also has a mobile app that you will find on Google Play and the App Store. The best element about E*Trade’s mobile app is that it is customisable and user-friendly, allowing you to manage your activities on the go.
As a trader, whether new or professional, expect to encounter trading issues as you progress with your experience. At E*Trade, you are guaranteed 24/7 customer service that provides relevant answers when contacted. So, if you are new to E*Trade, do not be skeptical about taking the plunge because the broker supports you with everything you need to get started.
E*Trade is a serious company. I have been trading with them for 4 months and never had any issues.
E*TRADE platform offers a sleek design and a diverse selection of trading tools.
But education isn’t quite, E*TRADE easy to use for beginners.
This broker offers the perfect blend of usability, excellent tools, and seamless position management. And, for newer investors, there isn’t a better platform than Power E*TRADE on which to learn how to trade options.
Service is excellent. Placing stops can be very difficult in a fast market and there are other issues related to wanting to profit in fast markets about speed of access to change existing instructions and so forth. It could be better but it could be much worse.