E*TRADE
Rating: 3.5 / 5ETRADE is a top choice among US traders, and its recent merger with Morgan Stanley elevated it to the top tier among US-based brokers. It offers commission-free trading and investing, has a cutting-edge trading platform, superb order execution speed, and excellent price improvement technology. I reviewed this broker to determine if ETRADE can provide traders and investors a competitive edge.
ETRADE is a top choice among US traders, and its recent merger with Morgan Stanley elevated it to the top tier among US-based brokers. It offers commission-free trading and investing, has a cutting-edge trading platform, superb order execution speed, and excellent price improvement technology. I reviewed this broker to determine if ETRADE can provide traders and investors a competitive edge.
Broker Details
- Headquarters
- United States
- Established
- 1982
- Min Deposit
- $0
- Execution
- Market Maker
- Regulators
- NFA
Trading Conditions
- Retail Loss Rate
- Undisclosed
- Min Raw Spreads
- Not applicable
- Min Standard Spreads
- Undisclosed
- Min Forex Commission
- $1.50 per futures contract
- Trading Hours
- Stocks (non-CFDs)Monday 07:00 - Friday 20:00BondsMonday 07:00 - Friday 20:00ETFsSunday 20:00 - Friday 20:00OptionsSunday 17:00 - Friday 16:00FuturesSunday 18:00 - Friday 17:00
Accounts & Funding
- Funding Methods
- 2
- Deposit Options
- Wire Transfer
- Deposit Fees
- No
- Withdrawal Options
- Wire Transfer
- Withdrawal Fee
- Yes
Trading Costs & Spreads
- Inactivity Fee
- false
Platform & Features
- Trading Platforms
- Proprietary platform, Web-based
Pros
- Excellent education and research for beginners
- Commission-free trading and balanced asset selection
- Cutting-edge trading platform and user-friendly mobile app
- Excellent order execution and price improvement technology
Cons
- Limited payment processors
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