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E-Trade Review 2019

4.5 5 stars · Jun 2019
Compare to best alternative broker
E-Trade logo

E-Trade was founded in 1982 and it is a US-based stockbroker. It is regulated by the Securities and Exchange Commission (SEC), and the Financial Industry Regulatory Authority (FINRA).

E-Trade is considered safe because it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials, and is regulated by top-tier regulators.

Recommended for investors and traders looking for solid research and great mobile trading platform.

Pros
  • Solid research tools
  • Well-designed mobile trading platform
  • Good customer service
Cons
  • No credit/debit cards and electronic wallets for money transfer
  • Only US markets covered
  • Slow account verification

E-Trade pros and cons

E-Trade's research functions are high-quality and channel a lot of tools, including trading ideas, and strategy builders. The mobile trading platform is well-designed and easy to use. The customer support team gives fast and relevant answers.

It doesn't provide credit/debit cards and electronic wallets as for money transfer. The product portfolio covers only US markets. The account verification was slow.

Compare to other brokers

E-Trade review
Fees 3 stars

E-Trade has high trading and low non-trading fees. E-Trade charges no commission for some ETFs, bonds, and mutual funds.
Pros
  • No withdrawal fee
  • No inactivity fee
  • Some ETFs, bonds, and mutual funds are free
Cons
  • High trading fees
  • High financing rate
E-Trade Fees snapshot
Assets Fee level Fee terms
US stock fee Average $6.95 per trade, but if you trade 30+ per quarter $4.95 per trade, there are also ~280 free ETFs
EURUSD fee - Not available
US tech fund fee High $19.99 per trade, ~4,500 free mutual funds
Inactivity fee Low No inactivity fee

We ranked E-Trade's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

To get things rolling, let's go over some lingo relating to broker fees. What you need to keep an eye on are trading fees, financing rates, and non-trading fees.

We also compared E-Trade's fees with those of two similar brokers we selected, Interactive Brokers and TD Ameritrade. This selection is based on factors like products offered, client profile, fee structure, etc.

Let's start with the trading fees.

Trading fees

E-Trade trading fees are high.  The fee structure is transparent and easy to understand. If you trade frequently, 30+ quarterly trades result in a decrease in trading fees of stocks, ETFs, and options.

If you make at least 30 trades per quarter, you get a 30% discount for stocks, ETFs, and options trading fees. In this review, we calculated with the standard trading fees, and not the discounted trading fees.

After the account opening, if you make your deposit more than $10,000, you get 500 commission-free trades for 60 days.

Stock fees and ETF fees

E-Trade has generally low stock trading fees.

Stock fees of a $2,000 trade
  E-Trade Interactive Brokers TD Ameritrade
USA $7.0 $1.0 $7.0

The fees for US stocks and ETFs are calculated as $6.95 per trade. From 30+ quarterly trades, it reduces to $4.95 per trade.

E-Trade offers ~280 free ETFs as well. However, if you sell these free ETFs within 30 days after the purchase, a $19.99 fee (or $15.99 if you trade 30+ times per quarter) is charged for the sale.

Fund fees

E-Trade fund fees are generally high.

Fees for a $2,000 fund purchase
  E-Trade Interactive Brokers TD Ameritrade
USA tech fund buy $20.0 $15.0 $50.0

The fees for mutual funds are $19.99 per trade. It is a big plus that E-Trade offers ~4,500 free mutual funds. However, if you sell these free funds within 90 days after the purchase, a $49.99 fee is charged for the sale. In mutual fund pricing, you don't get a discount if you trade frequently.

Bond fees

E-Trade has generally low bond fees. The bond fees vary based on the bond type you buy. We calculated with the fees for Treasury bonds.

Fees of a $10,000 bond trade
  E-Trade Interactive Brokers TD Ameritrade
USA $0.0 $5.0 $0.0

There is no commission for Treasury bonds. For other bonds, like corporate bonds, the commission is $1 per bond with a $10 minimum and $250 maximum. You don't get a discount if you trade frequently.

Options fees

E-Trade options fees are generally high.

Stock index options fees of 10 contracts
  E-Trade Interactive Brokers TD Ameritrade
USA $14.5 $7.0 $14.5

The options fees comprise a flat and a volume-based fee: $6.95 per trade plus $0.75 per contract. From 30+ trades the trading fees reduce to $4.95 per trade plus $0.50 per contract.

Futures fees

E-Trade futures fees are generally low. 

Stock index futures fee of 10 contracts
  E-Trade Interactive Brokers TD Ameritrade
USA $15.0 $8.5 $22.5

The futures fees are volume-based: $1.5 per contract. In the futures pricing, there is no differentiation between the frequent traders and investors.

Financing rates

E-Trade financing rates are generally high.

Financing rates are charged when you hold your leveraged positions for more than a day. It can be a significant proportion of your trading costs.

E-Trade annual financing rates
  E-Trade Interactive Brokers TD Ameritrade
Apple financing rate 10.8% 5.8% 10.8%

E-Trade financing rate is volume-tiered. It applies a base rate plus a premium/discount depending on the financed amount. The base rate is set by its discretion, at the time of the E-Trade review the base rate was 8.5%

E-Trade - annual financing rates
Debit balance Rate % Base rate +/-
$1,000,000 or more 7.50% -1.00%
$500,000 - $999,999 8.50% 0.00%
$250,000 - $499,999 9.00% +0.50%
$100,000 - $249,999 9.50% +1.00%
$50,000 - $99,999 10.00% +1.50%
$25,000 - $49,999 10.50% +2.00%
$10,000 - $24,999 10.75% +2.25%
Under $10,000 11.00% +2.50%

Non-trading fees

E-Trade has low non-trading fees. It charges no inactivity fee and account fee.

There is no withdrawal fee if you use ACH transfer. However, the withdrawals to other banks using wire transfer cost $25. We tested ACH, so we had no withdrawal fee.

E-Trade non-trading fees
  E-Trade Interactive Brokers TD Ameritrade
Account fee No No No
Inactivity fee No Yes No
Withdrawal fee $0 $0 $0

E-Trade review
Account opening 4 stars

The account opening is fully digital and user-friendly for US clients. On the flip side, the account verification process was slow.
Pros
  • Fully digital account opening
  • User-friendly
Cons
  • Slow account opening

Can you open an account?

E-Trade is a US stockbroker and target primarily US clients.

E-Trade is available for non-US clients as well, ie. customers from Australia, China, and Western Europe could initiate the process via a paper-based application form. E-Trade does not provide a clear guideline which non-US countries are available, so it is best to contact the customer service. 

What is the minimum deposit at E-Trade?

E-Trade has a $500 minimum deposit, which is due within 60 days after the account was verified.

The minimum deposit can be more if you trade on margin or prefer investing in portfolios.

E-Trade minimum deposits by account types
Trading preferences Minimum deposit
Trading at basic accounts $500
Margin account* $2,000
E-Trade portfolios $1,000-250,000

*You trade with money borrowed from the broker, also called trading on leverage.

Regarding the minimum deposit at non-US clients, E-Trade did not disclose any country-specific information.

Account types

E-Trade account types
Account type Short description
Individual The account is owned by a single individual
Joint accounts Two or more account owners
Business accounts Account is owned by a legal entity
Retirement accounts (Traditional IRA, Roth IRA, etc.) Individual retirement accounts which are available only for US clients
Pension accounts Accounts for self-employed individuals and small businesses, they are available only for US clients
Education Savings Account Save for kindergarten through graduate school, they are available only for US clients
Custodial accounts Special accounts for custodial purposes, they are available only for US clients
E-Trade portfolios Accounts for trading with portfolios managed by E-Trade, they are available only for US clients

In this review, we tested the Individual Brokerage Account with basic option level. E-Trade offers 4 different levels of option trading, if you are looking for uncovered option trading you need a margin account and level 3 or 4 upgrades. You can find further information here about the different option levels. 

How to open your account

The account opening is user-friendly and fully digital for US clients. After completing the online account opening form, you can easily upload the photocopy of the relevant ID card and the SSN. On the flip side, in our case, it took 7 business days for verifying the account.

For non-US clients, E-Trade offers a paper-based application process, which can be longer. 

Steps at E-Trade to open an account:

  1. Choose the account type
  2. Add personal information, and details for verifying the account like Social Security Number, residency, and your employment status
  3. Give your investment profile and margin trading preferences
  4. Review your application and create your E-Trade account ID
  5. Set up funding preferences

The online application took roughly 15 minutes, however, the account verification was slow, it took 7 business days.

E-Trade review - Account opening

E-Trade review
Deposit and withdrawal 2 stars

E-Trade deposit and withdrawal can be improved. You can use only bank transfer, there is only USD as a base currency, a high fee is charged for wire transfer withdrawals. As a plus, there is no deposit fee and transferring money is easy and user-friendly for US clients.
Pros
  • Free withdrawal
  • No deposit fee
  • User-friendly for US clients
Cons
  • Credit/Debit card deposit and withdrawal not available
  • Only one account base currency

Account base currencies

At E-Trade, you can open your trading account only in USD. In comparison with the competitors, you can see that Interactive Brokers has much more base currencies, while TD Ameritrade offers only USD-based accounts.

Base currencies at E-Trade vs similar brokers
  E-Trade Interactive Brokers TD Ameritrade
Number of base currencies 1 21 1

You can initiate a deposit or a withdrawal in any other currency than USD, however, E-Trade charges up to 300 basis points (3%) and additional fees may also be applied including markup/trading spread.

Why does this matter? Two things. First, if you fund your account in the same currency as your bank account, you won't be charged a currency conversion fee. Second, if you trade assets in the same currency as your account base currency, you will not have to pay a conversion fee.

A convenient way to save on the currency conversion fees can be to open a multi-currency bank account. Revolut or Transferwise both offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. The account opening only takes a few minutes on your phone.

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Deposit fees and options

E-Trade charges no deposit fees. US clients can use check, ACH, and wire transfers for deposit cash, while for non-US clients wire transfer and check are the available deposit options.

The credit/debit cards and electronic wallets are not provided. This is similar to competitors.

E-Trade deposit options
  E-Trade Interactive Brokers TD Ameritrade
Bank transfer Yes Yes Yes
Credit/Debit card No No No
Electronic wallets No No No

We tested ACH transfer and it took 2 business days.

You can only deposit money from accounts which are in your name.

E-Trade review - Deposit and Withdrawal - Deposit

Withdrawal fees and options

E-Trade charges no withdrawal fees if you use ACH withdrawal, but domestic and international wire transfers cost $25.

E-Trade withdrawal fees and options
  E-Trade Interactive Brokers TD Ameritrade
Bank Transfer Yes Yes Yes
Credit/Debit card No No No
Electronic wallets No No No
Withdrawal fee $0 $0 $0

How long does it take to withdraw money from E-Trade? We tested the ACH withdrawal and it took 2 days business days.

You can only withdraw money to accounts in your name.

How do you withdraw money from E-Trade? You can withdraw money from E-Trade by following these steps:

  • Log into the account
  • Go to the "Accounts"
  • Select the "Transfers \ Transfer money" menu
  • Choose your E-Trade account in the "Transfer from" field and your previously connected external account in the "Transfer to" field
  • Add the amount you wish to withdraw and set the frequency and date of the withdrawal
  • Preview and initiate the withdrawal

Compare to other brokers

E-Trade review
Web trading platform 4 stars

E-Trade has a great web-based trading platform. It is user-friendly and well-designed. On the negative side, there is no two-step login.
Pros
  • User-friendly
  • Clear fee report
  • Good variety of order types
Cons
  • No two-step (safe) login
E-Trade Platforms to Choose From
Trading platform Score Available
Web 4 / 5 stars Yes
Mobile 5 / 5 stars Yes
Desktop - No

E-Trade has two trading platforms which differ in the tradable products and the clients they are best for:

E-Trade trading platforms
  E-Trade Power E-Trade
Best for Investors looking for easy execution Traders looking for sophisticated research
Tradable products Stock, ETF, bond, mutual fund, options Stock, ETF, complex options, futures
Web trading platform offered Yes Yes
Mobile trading platform offered Yes Yes
Desktop trading platform offered No No

There is also a desktop trading platform, called E-Trade Pro. However, E-Trade doesn't promote this platform to new clients and you can only use it if you make 30+ trade quarterly or pay a $100 monthly subscription fee.

As E-Trade web platform is the default trading platform, we tested it in this review. It is available in English and Chinese as well.

Look and feel

E-Trade web trading platform is user-friendly and well designed. On the flip side, it lacks customizability.

E-Trade review - Web trading platform

Login and security

E-Trade provides only a one-step login. A two-step login would be more secure.

When you first log in on a new device, you have to register the new device by a security code or call. After the registration, you can access your account using your regular ID and password combo.

Search functions

The search functions are good, you can search by typing both a company's name or asset's ticker.

There is also an auto-suggestion which shows relevant results.

E-Trade review - Web trading platform - Search

Placing orders

You can use the following order types:

  • Market 
  • Market on Close (MOC)
  • Limit
  • Stop
  • Stop-limit
  • Trailing stop %
  • Trailing stop $

If you are not familiar with the basic order types, read this overview.

There are also order time limits you can use:

  • Good 'til end of the day (GTD)
  • All or Nothing (AON)
E-Trade review - Web trading platform - Order panel

Alerts and notifications

You can easily set up alerts and notifications by clicking on the bell icon at the top right corner.

Portfolio and fee reports

E-Trade has clear portfolio and fee reports. They can be found in the Accounts > Portfolios section.

It was great that you can easily customize the report by choosing from ~100 columns, like commission, Net Asset Value, Dividend, etc.

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E-Trade review
Mobile trading platform 5 stars

E-Trade's mobile trading platform is one of the best on the market. It is very easy to use and offers a lot of features. However, it lacks a two-step login.
Pros
  • User-friendly
  • Good search function
  • Good variety of order types
Cons
  • No two-step (safe) login

Similarly to the web trading platforms, we tested the E-Trade mobile application and the Power E-Trade mobile application. 

It is available on iOS and Android. We tested it on iOS. The mobile trading platform is available in English, French, and Spanish.

In functionalities and design, it is almost the same as the web trading platform. E-Trade mobile trading platform is user-friendly, has only a one-step login, provides a great search function, you can use a wide range of order types, and there are alerts.

Though the web and the mobile trading platforms are really similar to each other, we overweight simplicity and easy-handling at mobile trading platforms. That is why E-Trade mobile trading platform has a bit higher score than the web trading platform.

E-Trade review - Mobile trading platform - Order panel

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E-Trade review
Desktop trading platform

We did not test E-Trade Pro in this review due to the steep additional requirements and the fact that E-Trade does not promote it for new customers.

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E-Trade review
Markets and products 3 stars

At E-Trade, you can trade with a lot of asset classes, from stocks to futures, but not with forex. However, the offered products cover only the US market.
  E-Trade Interactive Brokers TD Ameritrade
Stock Yes Yes Yes
ETF Yes Yes Yes
Forex No Yes Yes
Fund Yes Yes Yes
Bond Yes Yes Yes
Options Yes Yes Yes
Futures Yes Yes Yes
CFD No Yes No
Crypto No Yes No

E-Trade has a good product range, however, there is no such category where the company could shine except the bonds. In the other product range are average, or lags behind.

Stock and ETF

E-Trade covers only the US market. It is the same as TD Ameritrade but lags behind Interactive Brokers.

  E-Trade Interactive Brokers TD Ameritrade
Stock markets (#) 5 74 5
ETFs (#) 2,300 20,000 2,300

You can trade with stocks on these stock exchanges: NYSE, NASDAQ, AMEX, OTCBB, other OTCs.

Fund

E-Trade has a great mutual fund offer. It is between TD Ameritrade and Interactive Brokers.

  E-Trade Interactive Brokers TD Ameritrade
Fund providers (#) 530 200 740

You will find funds from the biggest fund providers like BlackRock or Vanguard and from smaller ones too.

Bond

E-Trade has a solid bond offer compared to Interactive Brokers and TD Ameritrade.

  E-Trade Interactive Brokers TD Ameritrade
Bonds (#) 88,000 110,000 40,000

The bond offer covers both government and corporate bonds.

Options

At E-Trade, you can trade with options only on CBOE exchange. This offer lags behind the competitors.

  E-Trade Interactive Brokers TD Ameritrade
Options markets (#) 1 45 8

Futures

Similarly to E-Trade's options offer, the futures offer is not as much as at the competitors.

  E-Trade Interactive Brokers TD Ameritrade
Futures markets (#) 3 36 5

You can trade with futures on these exchanges: CME Group, ICE US, CFE

E-Trade Portfolios

E-Trade offers several types of portfolios, we liked the wide product range.

E-Trade portfolios
  Prebuilt Portfolios Core Portfolios Blend Portfolios Dedicated Portfolios Fixed Income Portfolios
Underlying product(s) ETFs or mutual funds ETFs ETFs and mutual funds Stocks, ETFs, and mutual funds Corporate and  bond portfolio
Minimum deposit

ETFs: $2,500

Mutual funds: $1,000

$5,000 $25,000 $150,000 $250,000
Annual advisory fee 0.0% 0.3% 0.65%–0.90%  0.95%–1.25% 0.35%–0.75%
Risk management 3 preset categories 5 preset portfolio Customized portfolio Customized portfolio Customized portfolio
Rebalancing? No Yes, robo Yes, expert Yes, expert Yes, expert

The portfolios are highly personalizable, easy to modify.

E-Trade review
Research 5 stars

E-Tade has great research tools. You can find many useful tools, which are great for fundamental analysis and strategy building.
Pros
  • Analyst recommendations for stocks, bonds, etc.
  • Data on asset fundamentals
  • Handy tools for option trading and strategy building
Cons
None

The research tools can be found both on E-Trade web trading platform and on Power E-Trade.

While E-Trade web trading platform is best for researching on basic investment, like stock and ETF, the Power E-Trade is best for researching on complex products, like options or futures.

Trading ideas

E-Trade provides trading ideas and recommendations for stocks and ETFs, and mutual funds

Regarding the stocks, some of the ideas come from third-party providers, such as analyst outlooks from TipRanks, SmartConsesus, Thomas Reuters, MorningStar, MarketEdge, etc. 

E-Trade creates a shortlist from the best, mainly commission-free ETFs and mutual funds, called All-star Funds.   

E-Trade review - Research - Recommendations

Fundamental data

E-Trade offers fundamental data, mainly on stocks. You will find financial data such as financial statements for 5 years, and basic performance and rating metrics under the "Fundamentals menu". At the "Earnings" you can easily plot a good chunk of information.

E-Trade review - Research - Fundamental data

Charting

E-Trade has good charting tools. You can use over 30 charting options and over 100 technical indicators. You can easily edit the charts in both E-Trade platforms.

E-Trade review - Research - Charting

News feed

The news is great. It is easily readable, with good visual information, mainly with charts. It is provided by third-parties, like Briefing.com, Morningstar, etc. From the front page you can reach Bloomberg TV as well.

Other research tools you will enjoy

You can use well-equipped screeners. You can find the screeners under Research and the selected equity category. From the basic company information to technical indicators, you can use a wide range of filters.

If you want to test several strategies based on options, you can find handy tools in Power E-Trade, called TradeLab and StrategySEEK. With TradeLab you can easily test your latest ideas, while StrategySEEK helps you to find a new one.

E-Trade review - Research - Options strategies

Compare research pros and cons

E-Trade review
Customer service 4 stars

E-Trade has great customer service. They are available 24/7 and give relevant answers. However, we had repeated technical issues with the live chat.
Pros
  • Phone support
  • Fast response time
  • Relevant answers
Cons
  • Repeated technical issues with live chat

You can contact E-Trade via:

  • live chat
  • telephone, fax
  • email

E-Trade has great phone support, it was fast and we got relevant answers. The response time was OK as an agent was connected within a few minutes.

The email was also quick and relevant, we got our answers within 1 day.

E-Trade has a live chat, on the flip side we experienced repeated technical issues with it.

It is also a big plus that E-Trade support team is available 24/7.

 

E-Trade review - Customer service

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E-Trade review
Education 3 stars

E-Trade offers good educational materials, such as educational videos and articles. The webinars have a broad focus, however, they are less frequent compared to E-Trade's peer group. We missed the demo account.
Pros
  • Trading platform tutorial videos
  • Educational videos
  • Good production quality
Cons
  • No demo account

At E-Trade you can learn in the following ways:

  • Platform tutorial videos
  • General educational videos
  • Quality educational articles
  • Webinars

The educational materials have good quality overall and also cover a wide range of topics.

The videos and educational articles are beginner friendly and have useful contents.

The webinars are focusing on various subjects and different levels. If you missed real-time, it's available later as well. You can find them under the "Knowledge" \ "Events" menu.

E-Trade review - Education

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E-Trade review
Safety

E-Trade is regulated by top-tier US regulators, like the SEC and the FINRA. You are also protected by a high investor protection amount, $500,000 which includes $250,000 for cash. On the negative side, negative balance protection is not provided.
Pros
  • Regulated by top tier financial authority
  • High level of investor protection
  • Banking background
Cons
  • No negative balance protection

Is E-Trade regulated? Yes, it is regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).

E-Trade is based in the USA and was founded in 1982. Is E-Trade safe? To be certain, it is best to check two things: how you are protected if something goes wrong and what the background of the broker is.

How you are protected

This is important for you because the investor protection amount and the regulator differ from entity to entity. With E-Trade this is not an issue though as all customers are covered by E-TRADE Securities LLC and the US investor protection scheme, called SIPC.

The SIPC investor protection scheme protects against the loss of cash and securities in case the broker goes bust. The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash. This amount is substantially higher than the amount most investor protection schemes provide. 

If you would like to trade with futures or options on futures, you won't be covered by any investor protection scheme.

E-Trade does not provide negative balance protection.

Background

E-Trade was established in 1982. The longer the track record of a broker, the more proof we have that it has successfully survived previous financial crises.

E-Trade Bank, an affiliated company with E-Trade Securities LLC under E-Trade Financial Corporation, has a banking license, and as such, it is subject to tougher regulation than brokers.

E-Trade Financial Corporation is listed on the NASDAQ, which is a big plus for safety as E-Trade releases financial statements regularly and transparently.

Having a banking license, being listed on a stock exchange, providing financial statements, and regulated by a top-tier regulator are all great signs for E-Trade's safety.

Filter the brokers by investor protection

E-Trade review
Bottom line

E-Trade is one of the biggest US stockbrokers regulated by top-tier regulators.

E-Trade's research functions are high-quality and channel a lot of tools, including trading ideas, and strategy builders builders as well. We liked the easy handling and the persionalizable features of the mobile trading platform. The customer service is great, you will get relevant answers within a short time.

It has some drawbacks though. E-Trade doesn't provide credit/debit cards and electronic wallets for money transfers. The product portfolio covers only US markets. The account verification process is slow. 

As the research tools are great and no inactivity fee is charged, feel free to try it.

E-Trade main features and highlights

🗺️ Country of regulation USA
💰 Trading fees class High
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $500
🕖 Time to open an account >3 days
💳 Deposit with credit card Not available
👛 Depositing with electronic wallet Not available
💱 Number of base currencies supported 1
🎮 Demo account provided No
🛍️ Products offered Stock, ETF, Fund, Bond, Options, Futures

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E-Trade logo

E-Trade was founded in 1982 and it is a US-based stockbroker. It is regulated by the Securities and Exchange Commission (SEC), and the Financial Industry Regulatory Authority (FINRA).

E-Trade is considered safe because it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials, and is regulated by top-tier regulators.

Recommended for investors and traders looking for solid research and great mobile trading platform.

Compare to other brokers

Overall 5 stars

Pros
  • Solid research tools
  • Well-designed mobile trading platform
  • Good customer service
Cons
  • No credit/debit cards and electronic wallets for money transfer
  • Only US markets covered
  • Slow account verification

Fees 3 stars

Pros
  • No withdrawal fee
  • No inactivity fee
  • Some ETFs, bonds, and mutual funds are free
Cons
  • High trading fees
  • High financing rate

Account opening 4 stars

Pros
  • Fully digital account opening
  • User-friendly
Cons
  • Slow account opening

Deposit and withdrawal 2 stars

Pros
  • Free withdrawal
  • No deposit fee
  • User-friendly for US clients
Cons
  • Credit/Debit card deposit and withdrawal not available
  • Only one account base currency

Web trading platform 4 stars

Pros
  • User-friendly
  • Clear fee report
  • Good variety of order types
Cons
  • No two-step (safe) login

Mobile trading platform 5 stars

Pros
  • User-friendly
  • Good search function
  • Good variety of order types
Cons
  • No two-step (safe) login

Markets and products 3 stars

The available asset classes to trade:

  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures

Research 5 stars

Pros
  • Analyst recommendations for stocks, bonds, etc.
  • Data on asset fundamentals
  • Handy tools for option trading and strategy building
Cons
None

Customer service 4 stars

Pros
  • Phone support
  • Fast response time
  • Relevant answers
Cons
  • Repeated technical issues with live chat

Education 3 stars

Pros
  • Trading platform tutorial videos
  • Educational videos
  • Good production quality
Cons
  • No demo account

Safety

Pros
  • Regulated by top tier financial authority
  • High level of investor protection
  • Banking background
Cons
  • No negative balance protection

AUTHOR OF THIS REVIEW

Gergely Korpos
Gergely Korpos
Co-founder, CPO
Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager

METHODOLOGY

Everything you find on Brokerchooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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