If you’re interested in trading securities like stocks, future, and options, be sure to check out Etrade! This online stock brokerage firm uses intuitive design to help the user breeze through trading with no problems. The best part about this is that it can all be done without interacting with a broker.
If you’re interested in what more Etrade has to offer, continue reading down below!
• $0 Commissions for online stock, ETF, & options trades. Join E*TRADE today!
• Receive up to 500 commission-free stock and options trades
• Can roll over your 401(k) or other employer sponsored-plan
• $0 per trade; $0.65 Options Contracts
What is Etrade?
Etrade is an online stock brokerage firm. And just like any other stock brokerage firms, they offer customers the chance to buy and sell securities such as stock, future, options, mutual funds, bonds, and forex.
Their online platform is easy to use and beginner friendly. It allows the user to track the performance of each stock and use in app tools to help create predictions.
They also provide a mobile app to do all this on the go.
ETRADE’s fees are on the average side for the online options trading industry. You pay $9.99 for the standard trade fee plus $0.75 per options contract, but the $9.99 reduces to $7.99 when you make more than 150 trades per calendar quarter.
Compared to other brokerage firms, Etrade is cheaper than many other options brokers like Charles Schwab, TD Ameritrade, and Fidelity.
How Does It Work?
Like other trading platforms, you can fund your account by doing an electronic transfer from your bank or other financial institution, make a deposit into an ETRADE branch, or send a check via snail mail.
Keep in mind the Etrader requires a $500 minimum deposit in order to open an account with them.
Benefits of Etrade
- To start off with, this platform is Beginner Friendly. If you’re new to the stock trading game, this platform may be one of your options. They have an easy-to-navigate website with a great built-in education investor center. You can decide to do trading yourself or simply reach out to a broker. All this makes ETRADE an easy-to-use online trading platform for even the most novice of investors.
- If you prefer a Hands-Off trading experience, Etrade has you covered through their capital management solution. This offers you a financial expert to help manage your portfolio. Their objective is to create and maintain a balanced portfolio that is persistent with your goals, risk, and tolerance. Keep in mind that in order to receive this hands-on management you’ll need a minimum account balance of $25,000.
- Their Tools provides traders with all the necessary information required for trading. You’ll receive real-time streaming quote tool, Interactive charts, and even tax advice. Be sure to take advantage of all their tools to get the best trading experience.
- Even though Etrade is regarded as an online stock brokerage firm, the amount of services they provide is impressive as it extends past the spectrum of stock trading. With Etrade, you’ll be able to also acquire bank services like checking and savings accounts and even IRA accounts. To top it all off, you can even get a mortgage from Etrade.
- Luckily, Etrade takes Security very seriously. Everybody wants to sleep knowing their financial information is secure. ETRADE has a security-conscious reputation with ETRADE’s Symantec Virtual Digital Security Token, where you can receive a keychain-sized device that generates a 6-digit new personal access code every 60 seconds.
|Chase Business Complete BankingSM: Earn $300 bonus when you open a new Chase Business Complete BankingSM account and deposit $2,000 or more in new money within 30 business days & maintain that balance for 60 days, and complete 5 qualifying transactions within 90 days. Chase offers financial products and services that let you bank when and how you want. Get Coupon---Chase Business Checking Review|
|U.S. Bank Business Checking: Earn a $400 bonus when you open a new, eligible U.S. Bank business checking account online with promo code AF49ZCB and complete qualifying activities, subject to certain terms and limitations. Offer valid through February 22, 2023. Member FDIC.
Apply Now---U.S. Bank Business Checking Review
|Huntington Unlimited Plus Business Checking: Earn $1,000 bonus when you open a Huntington Unlimited Plus Business Checking account and make total deposits of at least $20,000 within 30 days of account opening. The $1,000 bonus will be deposited into your account after all requirements are met. This account is for larger businesses with high monthly transaction volume. Apply Now---Huntington Unlimited Plus Business Checking Review|
|Huntington Unlimited Business Checking: Earn $400 bonus when you open a Huntington Unlimited Business Checking account and make total deposits of at least $5,000 within 60 days of account opening. The $400 bonus will be deposited into your account after all requirements are met. This account is for businesses with higher checking activity and greater cash flow needs. Apply Now---Huntington Unlimited Business Checking Review|
|Huntington Business Checking 100: Earn $100 bonus when you open a Huntington Business 100 Checking account and make total deposits of at least $2,000 within 60 days of account opening. The $100 bonus will be deposited into your account after all requirements are met. This account is ideal for start-ups and small businesses with lower balances and checking activity. Apply Now---Huntington Business Checking 100 Review|
- ETRADE’s website is easy to use and its research, investment, and a trading tool are ideal for beginners placing basic trades and experienced traders working on complex orders.
- Offers a reasonable minimum deposit of $500 requirement which opens the platform to investors of all sizes and levels of experience.
- You can operate as an investor using financial consultant assistance, or have your portfolio professionally managed.
- More expensive trading fee than most online brokers.
- High commissions for infrequent traders.
- Active-trading oriented with perhaps only a few getting the benefits of lower fees.
If you’re new to trading or you’re just looking for a new platform to trade on, Etrade is definitely worth consideration. Take advantage of the tools they offer to all their customers, and if you can afford it, use their Capital Management Solution where experts step in to help you along the way.
Just keep in mind that they require a $500 minimum deposit in order to open a broker account with them. If you love reading posts like this, be sure to check out more on HMB! You can also check out our posts on Etrade Promotions and our compiled list of the Best Brokerage Bonuses!
|BMO Harris Bank Checking: Earn $200 cash bonus when you open a new BMO Harris Smart MoneyTM Account and have a total of at least $4,000 in qualifying direct deposits within the first 90 days. Learn More---BMO Harris Bank Checking Review|
|Chase Total Checking®: Earn $200 bonus when you open a new Total Checking® account and set up a qualifying direct deposit into this account within 90 days of account opening. Apply Now---Chase Total Checking Review|
|TD Bank Convenience Checking: Earn $200 bonus with the TD Bank Convenience Checking account when you receive direct deposits of $500 or more within 60 days of opening your account. The account comes with free online banking, free bill pay, and access to 1,300 ATMs. Apply Now---TD Bank Checking Review|