Pros
  • Established in 1982
  • Segregates client funds
  • Regulated by SEC and FINRA
Cons
  • No detailed information on accounts
  • Account fees
  • No MetaTrader platform
  • Slow verification process

Company Information

E-Trade was purchased by Morgan Stanley in 2020 and is being run as a separate unit. It was founded previously in 1982. The Company also has a high-tech custody platform for traders. Investors can access a full spectrum of offerings, including non-proprietary ETFs and more than 4,400 no-load, no-transaction-fee mutual funds.

Markets

E-trade offers its clients a bunch of trading instruments, which you can use in various asset classes. You can trade the following asset classes with the broker:

● Stocks
● Options
● Futures
● Mutual funds
● Bonds & CDs

Trading accounts

E-trade has six account types with different conditions, the difference is mainly in features and specialities it offers.

  • Brokerage account
  • • No commission

  • Core portfolios
  • • Create a plan that fits your goals.

  • Premium savings account
  • • Bank Deposits insured up to $1,250,000

  • Traditional IRA
  • • Enjoy fast, easy withdrawals at age 59½ with free cash management features

  • Roth IRA
  • • Anyone with earned income that doesn’t exceed income limits of $140,000 for single filers and $208,000 for joint filers is eligible for a Roth IRA.

  • Rollover IRA
  • • $0 commission for stock, ETF, and options trades,1 plus no-load, no-transaction-fee mutual funds.

Open an account

With regulation around the world, E-Trade is available in most countries. We are happy to conclude that the process is fully digitalized, and it takes only 10-15 minutes. Although, you need to provide the broker with the personal documentation, your address, and to receive a confirmation e-mail. After that, you can start trading.

Minimum deposit

The minimum deposit at is just different according to your trading style and needs. There is no fixed sums, you can set the amount as you need according to the account types you choose.

© E*Trade website screen

Trading Platforms

E-Trade offers the own platform, Power E-Trade, but the broker’s base platform, called E-Trade Web, is not a bad choice as well. The web platform provides streaming quotes, charts and market commentary. In addition, the broker offers E-Trade Mobile, the base trading app.

Our verdict

E-Trade belongs to the world’s brokers. You can choose from their large range of trading tools pairs as well. Our time of experts was impressed to find out about such a long trading experience. Therefore, we can easily say that this is a trusted broker among many traders. The broker provides its own daily commentary on the markets and offers third-party research. Although, they have rather high account fees. It also does not allow investors to purchase partial shares, so you’ll be limited to buying whole share amounts. All in all, the broker is not a bad choice for those finding the conditions appropriate for them.

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4.25 (1 vote)
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