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Can I buy ETFs at E*TRADE as of November 2023?
Yes, you can buy ETFs at E*TRADE.
How to reduce risk with ETFs
I've thoroughly tested E*TRADE services with our analyst team by opening a real-money account and these are my most important findings:
- Diversification is an important aspect in investing
- With ETFs you can easily diversify your portfolio
- The cost of trading ETFs at E*TRADE is low
One thing that keeps many investors awake at night is that they will lose money because of investing in the wrong assets. The easiest way to minimize that risk is to diversify your investments - that is, to buy as many different assets as possible, preferably across several asset types.
If that sounds like too much trouble, then ETFs, or exchange-traded funds, may just be the right investment for you. In short, ETFs are funds that invest in many different securities (often hundreds of them). By buying a single ETF, you're basically investing in all of those underlying assets. In essence, the ETF provider is doing the diversification for you.
Some ETFs focus on a specific sector, region or commodity, while others have much broader coverage. It's up to you how deep you want to diversify your holdings. And you can always diversify further by buying several different ETFs; the best brokers offer hundreds of ETFs to choose from.
Is it worth buying ETFs at E*TRADE?
Yes, E*TRADE is a good place to buy ETFs, because of their low costs.
| 💰 E*TRADE ETF trading fees class | Low |
| 📃 E*TRADE number of available ETFs | 2,800 |
| 💰 E*TRADE withdrawal fee | $0 |
| 💰 E*TRADE minimum deposit | $0 |
| 💰 E*TRADE inactivity fee | No |
| 📃 E*TRADE deposit methods | Bank transfer |
| 🗺️ Country of regulation | USA |
| 🎮 E*TRADE demo account provided | No |
Data updated on November 17, 2023
At E*TRADE there is a vast amount of ETFs to choose from. This provides investors the opportunity to diversify their portfolio more easily.
At BrokerChooser, we only publish objective analyses based on live testing. Every recommendation is unbiased and based on first-hand experience: we open a live account anonymously at each broker, deposit real money and test every important feature.
To learn more, read our comprehensive guide to portfolio diversification, including pros, cons and the most popular strategies.
FAQ
Are ETFs a good investment?
ETFs are usually considered to be low-risk assets. Investing in ETFs can help in building a diversified portfolio.
Are ETFs good for beginners?
ETFs are usually considered to be low-risk assets. Investing in ETFs can help in building a diversified portfolio.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
- Diversifying your investments
- E*TRADE bond availability as of September 2023
- E*TRADE fractional shares trading conditions explained as of July 2023
- E*TRADE cash interest rate as of September 2023
- E*TRADE ESG investing July 2023
- E*TRADE invest $100,000 as of July 2023
- E*TRADE IPO accessibility
- E*TRADE Mexican stocks trading availability October 2023
- E*TRADE US stock trading details October 2023
