ETrade Review

This ETrade review conducted by Fxstay experts for those want to open trading account with Etrade.com broker, If you want to invest your real money with E*Trade.com then it worth to read this E*Trade review to the end.   

E*Trade Review 

ETrade was founded in the United States in 1982 and conducted its first online trade in 1983.  The firm’s Initial Public Offering (IPO) occurred in 1996 and the firm maintains its headquarters in New York City, with 30 satellite offices located throughout the United States.  E*Trade is overseen and strictly regulated by the United States Securities and Exchange Commission (SEC), which is one of the strictest regulatory agencies in the world.  Trading activities conducted by E*Trade UK, E*Trade Canada and E*Trade Australia are strictly overseen by financial regulatory agencies that oversee investments in each respective country.  

ETrade has always been at the forefront of the technological revolution by offering easy to use digital trading for investors of every level.  The firm provides all the tools and educational materials necessary for traders to research, place and follow trades in a variety of marketplaces around the globe.  

E*Trade was once known for its popular talking baby commercials and has worked hard to evolve into a quality brand that speaks to potential client targets known as “Type E*” who are investors that are independent, confident and not afraid to ask for help when needed. 

E*Trade’s founding principle was a determination to level the playing field for every type of financial investor using innovative tools, educational materials and professional advice to enhance trading activities of its clients.  Most of E*Trade’s activities are conducted online, but the firm maintains two national branch offices and over 30 satellite offices around the United States. 

E*Trade offers a wide variety of financial assets for trading including, stocks, bonds, futures, mutual funds, options and Exchange Traded Funds (ETFs).  The firm provides several trading platforms that include mobile app and maintains a variety of security apparatus to protect clients’ personal information and trading activities. 

E*Trade also offers banking services to its clients that include checking accounts with debit cards that involve no ATM fees at 30 satellite branch offices throughout the United States. 

Trading Platforms 

Investors who open ETrade accounts will have the opportunity to use three trading platforms which are its own proprietary website www.etrade.com, E*Trade Pro and the E*Trade Mobile app. 

ETrade Website Platfor 

The E*Trade.com website is easy to use because of a new navigational platform that was launched in 2014 that provides traders a more user friendly interface and valuable tools that include the firm’s completely customizable drag and drop home page, improved account overviews, portfolio holdings and monitoring, watch lists, real time quotes and more.  These tools and features are also available to clients using the ETrade Mobile App. 

Using the firm’s website, traders can research assets and the markets in which they are traded and access powerful tools, historical charts, streaming live quotes, stock screeners, technical indicators, training material, free analyst research, breaking news, live commentary and more.   

ETrade broker allows traders to view their entire investment portfolios on one page and provides the latest market news and a wide range of assets for both short and long term investments for every level of trader. 

E*Trade Pro 

E*Trade Pro is designed for more experienced and active traders and provides trading options in the full range of available assets and delivers all the trading tools necessary to recognize patterns, formulate and test strategies and execute complex trades quickly, accurately and efficiently.  Advanced tools included in the platform are enhanced options analyzer, professional level market data that includes Level II stock quotes, real time quotes and strategy recognition, back-testing, tracking assets and markets and live CNBC news. 

E*Trade Mobile App 

The ETrade App is considered one of the best in the industry and allows investors to manage every aspect of their trading accounts from anywhere and at any time using a variety of Smartphones, tablets and handheld electronic devices for Android and Apple devices, including the Apple Watch. 

E*Trade App allows investors to research, place and track trades using valuable tools like pop-up stock and portfolio alerts, enhanced quote details, investment screeners, trading tickets, watch lists, conditional orders (including OTO and SL), as well as the latest news related to the assets that make up a trader’s individual portfolio and the markets in which they trade assets.

Account Types  

Individual, joint and custodial E*Trade accounts can be opened and are established based on the purpose of the financial investment.  Account choices include Brokerage, Individual and Small Business Retirement Accounts, as well as Managed Accounts.  To know more about the broker managed accounts visit “ForexSQ.comETrade review page.

Brokerage Accounts 

ETrade offers a variety of trading accounts designed to help people gain earnings by investing in various assets on the stock market.  These accounts provide access to the full range of E*Trade investments, as well as its advanced tools and experienced customer service personnel.  Brokerage Accounts can be opened in any of the following trading arenas: 

  • Futures Trading Accounts provide access to every major futures exchange in the world, as well as advanced tools and professional customer support services. 

  • Coverdell Education Savings Accounts enable parents, grandparents and others to save money for educational expenses of the named beneficiary related to qualified primary and secondary schools, as well as graduate and postgraduate studies.  Qualified expenses include tuition, books and uniforms.   

  • Custodial Accounts are generally managed by a parent on behalf of a minor child to help them save money to enhance the future of the beneficiary minor. 

  • Trust and Estate Accounts provide all the tools necessary for Trust and Estate Administrators to manage the benefits of an estate or trust via Trustee, Executor or Conservator. 

  • ETrade Pro 2 Accounts are designed for experienced and active traders and offer full access to the firm’s assets, market data, trading tools, educational materials and more. 

  • Investment Accounts for Corporations provide all the powerful tools necessary for cash management including research and educational trading materials designed specifically for incorporated business enterprises. 

  • Investment Club Accounts allow traders to pool assets with family, friends and others to collaborate and arrive at the best investment decisions for the club members.

Individual Retirement Accounts (IRAs) 

E*Trade customers can choose from a variety of IRAs designed to grow earnings using short and long term investment strategies and include the following types of trading accounts: 

  • Rollover IRA Accounts allow traders to transfer old 401(k) proceeds into a new IRA that provides greater flexibility and better control of personal investments. 

  • Traditional IRA Accounts allow investors to make tax-deductible contributions to their retirement savings accounts to increase tax-deferred retirement earnings. 

  • Roth IRA Accounts allow tax-free growth of investments and tax and penalty-free fund withdrawals at any time on certain qualified distributions. 

  • Beneficiary IRA Accounts are designed for people who have inherited IRA assets and want to preserve and protect those assets until tax-deferred distribution. 

  • E*Trade’s Complete IRA Account allows people over 59 and a half years old to upgrade existing E*Trade IRA Accounts into this newer, more flexible and convenient Complete IRA Account that offers a a full range of cash management tools and features. 

  • IRA for Minor Accounts are opened to benefit a minor child who has earned income and wants to save money for his or her own future.  These accounts are typically managed by a parent or legal guardian until the minor reaches the age of majority.

Small Business Retirement Accounts 

ETrade clients who own small businesses can open a variety of accounts designed to help owners offer retirement benefits to employees who want to establish and contribute to some sort of retirement savings.  These types of accounts include the following: 

  • Individual and Roth Individual 401(k) Accounts are designed for self-employed people who run small businesses that have no employees other than a spouse and who want to maximize retirement savings. 

  • Simple IRA Accounts are similar to 401(k) savings accounts and provide an inexpensive and easy way to administer retirement plans for businesses with less than 100 employees 

  • SEP IRA Accounts are Simplified Employee Pension IRAs for small businesses and self-employed folks who are looking for a low cost and tax deferred retirement savings account. 

  • Profit Sharing Plan Accounts are flexible means for small business owners to make contributions to their each of their employees’ retirement savings funds.  

  • Investment Only (Non-Custodial Accounts) are retirement plans with flexible choices for plan administrators and others who manage investment funds of others. 

  • Money Purchase Plan Accounts allow employees of small businesses to contribute a maximum equal to 25% of total compensation to a tax-deferred individual retirement account.

Managed Accounts 

ETrade offers Managed Accounts that allow investors to rely on the wisdom and expertise of professional investors and traders who are generally college educated individuals with degrees in finance, marketing or other related discipline.  These accounts allow newbies and professionals alike to engage in trading in markets with which they are unfamiliar or don’t have time to figure out on their own. The following E*Trade Managed Accounts are offered:   

  • Adaptive Portfolio Accounts are self-adjusting diversified portfolios offered by ETrade Capital Management and are built around a trader’s individual financial goals, risk tolerance and short and long term investment goals.  These accounts are automatically rebalanced as necessary to help traders stay on their intended investment paths. 

  • Managed Investment Portfolio Accounts require low minimum investments and are offered by ETrade Capital Management.  These Managed Accounts allow traders to work with professional financial consultants to build a diverse investment portfolio designed around their particular financial situation and future goals. 

  • Unified Managed Accounts are customized portfolios of stocks, mutual funds and/or Exchange Traded Funds (ETFs) which consist of individual securities that are selected and managed by professional investors. 

  • OneStop Rollover IRA Accounts offered by E*Trade Capital Management enable traders to roll over old IRAs into one, new account customized for their particular financial goals.

ETrade Fees 

All trades conducted on E*Trade are charged flat rate fee commissions that vary depending on the type of asset traded.  Fees for stock and option trades are $9.99 each, Mutual Fund trades are $19.99 per trade and very active traders can reduce the fee to $6.99 by trading more than 1,500 shares per quarter.   

A detailed summary of all fees and costs associated with maintaining accounts and conducting trades using an ETrade.com account are available on its website.

Promotions 

E*Trade has a number of promotional opportunities for free trading and bonus dollars for both new and existing account holders.  A detailed review of multiple current promotions featured by the firm can be found on its website.

Deposits and Withdrawals 

Clients can fund their ETrade accounts using a variety of methods that include personal and business checks, bank transfers and wire transfers, each of which method involves transactions conducted under their own varying terms, conditions and timelines.

As previously outlined, E*Trade customers open trading accounts tailored to certain investment opportunities, all of which have varying terms and conditions about maximum annual deposits and withdrawals, including early withdrawals that involve penalties.  Assuming account withdrawals are permitted, they will be transacted using the same methods as deposits which are personal and business checks, bank and wire transfers.

Knowledge Center 

ETrade clients gain access to a Knowledge Center that provides a large variety of articles, videos, infographics, live events, monthly webinars and other educational resources for every level of trader.  A wide range of areas are covered in Knowledge Center sections that focus on those who are new to investing, investment products, retirement options, portfolio planning, taxes, stock plans and personal finance.

Safety and Risk Management 

The professionals at ETrade broker take extra precautions to protect the personal information, assets and trading activities of its clients and promises to do so with its ETrade Complete Protection Guarantee.  E*Trade achieves this using advanced up-to-date security measures like firewalls, strong encryption, multi-factor authentication, layered network defense systems and teams of expert individuals who are dedicated to fraud detection and protection. 

Using ETrade Mobile Security ID clients gain two of the most powerful two-factor authentication tools in the industry.  This free app creates a unique access code for use with your password every time you use the ETrade login to access trading accounts.  

Traders can set their Alert Delivery Preferences to receive instant email alerts and ETrade broker will immediately send a high quality security alert if they suspect a trading account has been the target of fraudulent activities so traders can take immediate steps to mitigate damages.

E*Trade Customer Service 

E*Trade’s staff of Customer Support professionals is available via live chat, email or telephone, as well as in person at satellite offices throughout the United States.

ETrade Login

For login to E*Trade broker you can visit the broker website, After sign up you can check your email and do ETrade login.

Conclusion 

For more information visit the etrade broker review page at “Topforexbrokers.com”. The ETrade broker and its proprietary E*Trade Pro trading platform provide the tools necessary for conducting day to day trading account maintenance and trading activity and offer a wide variety of assets in which to invest.  Trading with the firm does have a few drawbacks which are its lack of charting tools, the availability of only basic alerts and the number of technical studies featured on the E*Trade website are far less than its competitors. Upgraded options graphs, option probability analysis and streamlining order entry tools have made the platforms more user friendly and functional.  

Clients opening accounts with E*Trade will gain access to a wide variety of useful tools and features but does so at a higher price than most brokers.  The high price for trades is counterbalanced by the wide array of assets available for trading and great customer support services that have helped make E*Trade one of the most popular brokerages for every level of trader.

Feel free to share this E*Trade Review with family and friends who may be interested in financial investments to grow income for educational or retirement purposes, Wikipedia says. You can download etrade Android app or iTunes IOS application for mobile trading. 

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