E*TRADE Review > Stock Brokers

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E*TRADE Review


What is E*TRADE & how does it work?

E*TRADE is a financial services company that provides online brokerage and related products and services primarily to individual retail investors. Having executed the first-ever electronic trade by an individual investor more than 30 years ago, the Company has long been at the forefront of the digital revolution, focused on delivering complete and easy-to-use solutions for traders, investors and stock plan participants. Founded on the principle of innovation, E*TRADE 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 operates a bank with the primary purpose of maximizing the value of deposits generated through its brokerage business.

​E*TRADE Fees & Features
Minimum Investment
$500
Stock Trading Costs
$6.95 / trade ($4.95 / trade for 30+ trades / quarter)
Options Trade
$6.95 / trade + $0.75/contract ($4.95 + $0.50 / contract for 30+ trades / quarter)
Mutual Funds
$19.99 / trade
Investment Types
Stocks, Penny Stocks, Options, ETFs, Mutual Funds, Bonds, FOREX,  & Futures
Accounts Available
  • Taxable
  • Joint
  • Roth IRA
  • Traditional IRA
  • Rollover IRA
  • Custodial
  • SEP IRA
  • SIMPLE IRA
  • Solo 401(k)
  • Trusts
  • Coverdell
Promotions
E*TRADE Summary
E-Trade’s $6.95 trade commissions aren’t the lowest among discount brokerage firms, but the five-star broker offers value to both beginner investors and frequent traders with a library of educational resources, easy-to-navigate trading platforms, and tools to help assemble a risk-appropriate, balanced investing portfolio.

PROS
  • ​Comprehensive trading platform
  • Best user interface
  • Low minimum deposit
  • Accommodates different levels of investors
Prosperment Recommended