E*TRADE Logo
Written by: Ádám N. Updated: Jan 2023
Expert verified
Recommended for
  • beginners 3.8/5
  • equity trading 4.3/5
Trusted broker
Regulated by top-tier financial authorities
Popularity
1,612 people chose this broker in the last 6 months
BrokerChooser Score
4.7/5

E*TRADE review summary

E*TRADE is a US stockbroker regulated by top-tier authorities SEC and FINRA. E*TRADE offers low trading fees, including free stock and ETF trading. In addition, it has one of the best mobile trading platforms on the market, and offers plenty of high-quality research tools such as trading ideas and strategy builders. It is a good choice for beginner investors. E*TRADE's product portfolio only covers US markets and forex trading is not available. E*TRADE doesn't accept credit/debit cards and electronic wallets for money transfers. In addition, customer service lacks live chat and support is not 24/7. BrokerChooser gave E*TRADE a 4.7/5 rating based on analyzing 500+ criteria and testing via opening a live account.

E*TRADE is a regulated broker, it is overseen by a top-tier financial regulator in the USA . E*TRADE is also covered by investor protection and it offers negative balance protection in selected jurisdictions. We at BrokerChooser always test brokers with real money, including the withdrawal process.

E*TRADE is available in United States

E*TRADE pros and cons

Pros Cons
Low trading fees (free stock and ETF trading) Only US markets, no forex
User-friendly mobile trading platform Only bank transfer
Great research tools Slow live chat

E*TRADE main highlights

🗺️ Country of regulation USA
💰 Trading fees class Low
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account 1-3 days
🎮 Demo account provided No
🛍️ Products offered Stock, ETF, Fund, Bond, Options, Futures, Crypto
To read much more details about the broker's services and features, expand on the sections below.

E*TRADE review
Fees

4.1
E*TRADE offers free stock and ETFs trades; some bonds and mutual funds are also free to trade. Non-trading fees are low. On the negative side, fees for mutual funds that aren't free are high.
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E*TRADE review
Account opening

4.2
Account opening at E*TRADE (only available for US clients) is fully digital and user-friendly, but the account verification process is slow.
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E*TRADE review
Deposit and withdrawal

2.2
E*TRADE charges no deposit fees and transferring money is easy. On the negative side, you can only use bank transfer and there is a high fee for wire transfer withdrawals.
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E*TRADE review
Web trading platform

4.5
E*TRADE has a great, user-friendly web trading platform, offering a clear fee report. On the negative side, it cannot be customized.
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E*TRADE review
Mobile trading platform

4.5
E*TRADE's mobile trading platform is one of the best on the market. It's very easy to use and offers a lot of features.
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E*TRADE review
Desktop trading platform

We did not test the E*TRADE Pro desktop platform in this review as it is not available to new customers.
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E*TRADE review
Markets and products

2.9
You can trade plenty of asset classes at E*TRADE from stocks to futures, but only on the US market; in addition, forex trading is not available.
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E*TRADE review
Research

4.8
E*TRADE has great research tools: fundamental analysis, strategy building, handy tools for options trading, and a whole lot more.
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E*TRADE review
Customer service

3.9
E*TRADE has great customer service, giving relevant answers. However, support is not available 24/7 and there is no live chat service.
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E*TRADE review
Education

2.4
E*TRADE offers good educational materials, such as videos, articles and free webinars. On the other hand, the demo account is available only for the Power E*TRADE platform.
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E*TRADE review
Safety

E*TRADE is overseen by top-tier US regulators and you are protected by a high investor protection amount, but there is no negative balance protection.
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E*TRADE review
Bottom line

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E*TRADE review
FAQ

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Author of this review

Ádám Nasli

Author of this review

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Ádám Nasli

Analyst Head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

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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