E-Trade Review

Company Overview: E-Trade

Based in New York City, E-Trade is a publicly traded, discount online stock broker for self-directed investors. Founded in 1982, E-Trade made its first online trade in 1983. E-Trade is based on the principle of innovation, and aims to enhance the financial independence of traders and investors through a powerful digital offering and professional guidance—over the phone at two national branches and in-person at 30 E-Trade branches across the United States.

E-Trade Overview

E-Trade offers attractive rates and terms compared with other top online stock brokers:

Account Minimum: $500 ($0 for IRAs)

Commission: $6.95 per trade

Options: $6.95 + $0.75 per contract

Real-Time Data: Yes

Screening Tools: Yes

Research: Yes

Charts: Yes

Able To Trade: stocks, bonds, mutual funds, ETFs, options, futures

Inactivity Fee: $0

Account Transfer Fee: $75

How E-Trade Compares: Key Benefits Of E-Trade

Here are some of the reasons that investors love E-Trade:

  • Account Minimum: You can open a E-Trade online stock brokerage account with $500.You can open an IRA with $0.
  • Commission-Free: E-Trade offers more than 4,400 commission-free mutual funds and 150+ commission-free ETFs.
  • Real-Time: E-Trade offers real-time quotes and data.
  • Other Features: E-Trade offers free research and data, free investment screening tools and a customizable dashboard.
  • Customer Support: E-Trade offers 24/7 customer support.E-Trade also has more than 30 local branches.

Bottom Line: Is E-Trade right for you?

E-Trade has a top reputation as an online stock broker.Its excellent trading platform, real-time data, free research and screening tools makes E-Trade a solid investment platform. If you are looking for a low commission online stock broker, then E-Trade can be a reliable match.

E-Trade has a top-notch trading platform. E-Trade offers three trading platforms:

  1. E-Trade Web
  2. OptionsHouse
  3. E-Trade Pro

E-Trade Web: E-Trade is the company’s primary trading platform, and includes the cutting-edge features you would expect with an excellent online stock broker. These features include real-time data, research, stock screens and financial analysis.

Options House: E-Trade acquired OptionsHouse in 2016 to allow its customers to trade options with real-time data, customized tools and option chains.

E-Trade Pro: E-Trade Pro requires a $250,000 minimum account balance and at least 30 trades per quarter.

You can also trade on E-Trade’s two mobile apps, which are extensive. Also, E-Trade has 30physical branches, which can be helpful if you need in-person customer support. You can also connect with 24/7 customer support, including chat and email.

E-Trade offers more than 4,400 commission-free mutual funds and 150+ commission-free ETFs, making it one of the best commission-free online stock broker platforms.

Next Steps: How To Apply To E-Trade

You can open a E-Trade account online within a few minutes, and the process is simple.


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Account Minimum:$0

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 16 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Customer support: M-F 8 a.m. – 8 p.m. EST; email 24/7

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Account Minimum:$0

Details

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  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Customer support: 7 days a week
  • Unlimited access to licensed financial advisors

Overview

Account Minimum:$500

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 11 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Unlimited access to licensed financial advisors

Overview

Account Minimum:$0

Details

  • Supports personal brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
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  • Free automatic portfolio rebalancing
  • Customer service: M-F 11 a.m. – 7 p.m. eastern

Overview

Account Minimum:$5,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs from 20 asset classes
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting for accounts with a minimum $50,000 balance
  • Free access to licensed financial advisors
  • 24/7 customer support

Overview

Account Minimum:$50,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, rollover IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolios are individualized and incorporate Vanguard index funds and ETFs, if needed
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting on client-by-client basis
  • Access to licensed financial advisors
  • 24/7 customer support

Overview

Account Minimum:$100,000

Details

  • Supports personal brokerage accounts, joint brokerage accounts, traditional IRAs, Roth IRAs, SEP IRAs and trusts
  • Portfolio of low-cost, diversified ETFs
  • Free automatic portfolio rebalancing
  • Free tax loss harvesting
  • Access to financial advisors

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E-Trade Review
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