ETrade Reviews

ETrade Reviews

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Overall Rating4.54.54.54.54.5

ETrade is one of the largest online brokerage firms in the United States. They offer their customers the ability to trade stocks, options, ETFs, mutual funds, bonds, futures and foreign stocks. Access to both foreign stocks and futures in a regular trading account is rare amongst brokers, so it’s worth emphasizing. Aside from operating an online broker, ETrade is a full service financial company that operates a bank on top of it’s online brokerage. The company was founded in 1982 and has over 2.3 customers world-wide.

ETrade Commissions

  • Stocks / ETFs: $9.99 ($7.99 for active traders who trade 150+ times a quarter)
  • Mutual Funds: $0 for no-load, no transaction-fee funds. $19.99 for other funds.
  • Options: $9.99 + $0.75 per contract. ($7.99 + $0.75 per contract for active traders)
  • Bonds: $1.00 per bond. $0 for U.S. Treasury auctions and secondary treasury markets
  • Global Trading (Foreign Stocks): Varies by country and commissions and investments are in foreign currencies.
  • Futures: $2.99 per contract, per side + exchange fees.

ETrade Features

  • Fast trade execution
  • Powerful trading platform for casual and active traders
  • Earn an interest on your cash balance.
  • Numerous banking features (Check writing, debit cards, etc)
  • Enormous amounts of free trading resources / educational material
  • Powerful mobile platform
  • Live chat customer support available during business hours + 24/7 phone support
  • Retirement guidance
  • Numerous brick and mortar stores in the U.S.

ETrade Promotions:

  • Up to $500 free for new accounts (Based on initial deposit)
  • 60 Days of free trading for new accounts

ETrade Minimum Deposit to open an account: $500

 

User Reviews

  • Tom says:

    I use E*Trade primarily for investing in foreign stocks and I’m largely satisfied with them. It’s a shame that other big brokers don’t offer foreign stock investing. I think ETrade and Schwab are the only big U.S. brokerages that do offer it. I’ve stuck with ETrade because they let you trade everything from Stocks to Futures all through one broker. That’s impressive. A heads up to the people trying to get the $500 bonus – you need to deposit a minimum of $250,000 to receive it. Smaller deposits get a smaller bonus. Commissions for stocks and options are reasonable too. I live in California and there’s a ETrade branch nearby, so I can reach out to them easily if I need to get a hold of someone.

  • GoldStandard says:

    I use Etrade mostly because they’re an all-in-one broker. Most brokers don’t let you trade foreign stocks and futures while ETrade does. Aside from Foreign stocks and Forex, you have options, stocks, etfs, bonds, mutual funds, etc. Being able to trade everything from ONE account is very convenient. Beats opening multiple accounts just to have access to everything. Not a huge fan of the site’s layout and platform, but it works well enough.

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