Compare Alpaca Trading vs E*TRADE


Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against E*TRADE!

Alpaca Trading vs E*TRADE
overall rating
4.6
4.8
overall pros
  • Great API trading service
  • Free stock & ETFs
  • Fantastic charting tools
  • Low trading fees (free stock and ETF trading)
  • User-friendly mobile trading platform
  • Great research tools
overall cons
  • Customer support limited to email
  • Limited deposit and withdrawal options
  • Only US stocks and ETFs available
  • Only US markets, no forex
  • Only bank transfer
  • Slow customer support
fees
4.9
  • Commission-Free Stock and ETF Trading
  • No inactivity fee
  • No withdrawal fee
4.4
  • Low non-trading fees
  • Free stock and ETF trading
  • Some mutual funds and bonds are free
  • Higher fees for non-free mutual funds
account opening
4.8
  • Fast
  • Fully digital
  • No minimum deposit
  • Bit complex process for integrating third-party tools
4.4
  • Fully digital
  • No minimum deposit
  • User-friendly
  • Slow
deposit and withdrawal
1.8
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • High withdrawal fee for wire transfers
2.2
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High fee for wire transfer withdrawal
web trading platform
3.7
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • No price alerts
  • Limited customizability
  • Limited search function
4.0
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.2
  • User-friendly
  • Two-step (safer) login
  • Order confirmation
  • Poor search function
  • No price alerts
  • No Touch/Face ID login
4.5
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
desktop trading platform
  • Limited order types
markets and products
2.1
  • Stock
  • ETF
3.0
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
research
5.0
  • Access to highly functional API
  • Great charting tools
  • Data on asset fundamentals
  • No trading ideas
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
customer service
1.9
  • Great Slack and community forums
  • Email support
  • No phone support
  • No live chat
  • Mediocre email support
3.6
  • Phone support
  • Live chat
  • Relevant answers
  • Extremely slow live chat and phone
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
4.3
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • Demo account is only for Power E*TRADE
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
recommended for Traders interested in algorithmic stock rading Investors and traders looking for solid research and a great mobile trading platform
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