Stock Broker Review: E*TRADE

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Introduction to E*TRADE

E*Trade was founded in 1992 and went public in 1996. It has 3,000 employees and a network of 28 retail branches across the U.S.A.

🏢 E*Trade, New York City, U.S.A.

 

Brokerage Services:

(1) Trading stocks, futures, and options

(2) Trading over 7,000 mutual funds

(3) ETFs

(4) Bonds, CDs, and Fixed Income trading

(5) Foreign securities (77 countries)

 

E*TRADE Account Fees & Commissions:

• Stocks, options, and ETFs trading starts at $6.95 / trade
• Options trading at $0.75 per contract
• Futures trading at $1.00 per contract
• Bonds trading at $1.00 per bond (min $10 and max $250)
• Dow Jones at $0.18 per contract  and S&P 500 at $0.51 per contract (indices trading may be subject to additional fees)
• Account maintenance fees are charged, plus inactivity account fees

E*TRADE Minimum Account Information:

• $0 on Retirement Account
• $500 minimum for a Cash Account Brokerage
• $2,000 minimum for a Margin Account

 

E*TRADE Key Features:

1) E*Trade provides one of the best mobile trade platforms.

2) Free online research, insights, and commentary

3) Relatively expensive pricing, plus maintenance fees

 

Trading Platforms:

(1) Power E*TRADE

The 'Power' platform offers easy-to-use tools for stocks, options, and futures trading.

• Many chart types

• Charting tools that automatically populate charts with TA patterns

• Intraday and historical charting with over 100 studies and over 30 drawing tools

• Risk analysis tools

• Education

(2) E*TRADE

E*TRADE is the old classic platform offered by the broker. 

• Independent analyst research

• News

• Investing tools and screeners to spot investing opportunities

• Education and retirement planning

 

Mobile Trading:

E*TRADE offers two different mobile apps:

(1) E*TRADE Mobile app

• Suitable for iOS and Android devices, including the Apple Watch

• Invest in stocks, ETFs, mutual funds, and options

• Manage cash with Transfer Money, check deposits, and Bill Pay

• View Bloomberg TV and breaking news

(2) Power E*TRADE app

The Power E*TRADE is loaded with easy-to-use tools and features:

• Quickly trade stocks, ETFs, and other assets on a single trade ticket

• Execute options strategies using the options chain

• Spot potential trades with interactive charts

• View market data (depth, earnings, dividends, etc.)

• News and updates

 

E*TRADE Promotions (at the time of the review):

• Minimum deposit is $10,000
• 500 commission-free trades, plus up to a $600 cash credit
• Account must be funded within 60 days of account opening
• 500 commission-free stock or options trades executed within 60 days of the deposited funds being made available

 

⚖️ E*TRADE REVIEW CONCLUSIONS
☑️ E*TRADE REVIEW ADVANTAGES	❌ E*TRADE REVIEW DISADVANTAGES
√ A wide variety of trading assets √ Multiple global markets trading √ The best mobile trading Application √ Banking Services √ Bonuses (minimum deposit $10K)	X Expensive fees compared to the competition X Broker Assistance is expensive X Account maintenance and inactivity fees are charged

 🔗 Website: E*TRADE

 

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