eTrader Review
ETrader provides comprehensive global investment services. Our endeavor is to offer our clients the opportunity to trade forex and CFDs. New investors will be welcomed by the fun and easy-to-use interface of the xStation and MT4 platforms, while more experienced investors will find all the advanced interactive tools they are used to. ETrader provides trading opportunities in a dynamic environment.
ETrader's priority is the safety of its customers. This is why we have adhered to the high standards of protection as imposed by the European Markets in Financial Instruments Directive (MiFID) and the strict regulations of the Cyprus Securities Commission.
ETrader is a registered brand of Goldenburg Group Limited, which is fully authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF license 242/14.
Where E*TRADE shines
Something for Everyone: Whether you're a beginner or an advanced trader, E*TRADE has a platform and mobile app for you. The E*TRADE web platform and mobile app provide real-time quotes and market commentary, tools to check stock and exchange-traded funds, and a good deal of account management. The most active traders can turn to the Power E*TRADE platform and application for technical studies, charting tools, customizable options chain views, trading scales and other features for complex strategies.
Tradable Securities: E*TRADE offers a wide range of investment options, from stocks, bonds, ETFs and more than 4,300 commission-free mutual funds, to advanced futures and options strategies.
Educational Resources and Support: The educational resources and support options offered by E*TRADE are among the best. You can watch webinars on diversification and technical analysis, as well as more complex topics such as options trading. There are online investing courses from Morningstar that cover a range of topics and a topic investing section that covers how to invest in companies that align with your values.
where E*TRADE falls short
Website Transparency: Our testers checked the E*TRADE website and couldn't easily find the corporate account minimum required or instructions on how to close an account, both of which should be readily available.
E*TRADE is best for:
Many merchants.
Beginner investors.
Research and data.
Help with retirement planning.
More details on the E*TRADE rating
Minimum account: 5 out of 5 stars
D* The minimum amount for a TRADE account is $0. That's the case with brokers these days - the vast majority of brokers we review don't require a minimum to open or maintain an account. Note that some investments, such as mutual funds, may require a minimum initial investment.
Stock Trading Cost: 5 out of 5 stars
In 2019, E*TRADE reduced its previously higher trading fee from $6.95 to $0 for online stocks, options and ETFs. Many other brokers have done the same, and now free commissions are standard in the industry. You will still pay a commission for trading some securities, including futures, as well as a fee per contract for trading options (see below).
Options Trades: 4 out of 5 stars
Options trade commission-free, but they still carry a contract fee of $0.65. E*TRADE offers a reduced fee of $0.50 to active traders (defined as those who trade 30 or more times per quarter).
Account Compensation: 4 out of 5 stars
E*TRADE does not charge any annual fees or inactivity fees. There is a full transfer fee of $75; It's $25 for a partial transfer. Most brokers charge a fee to transfer securities from your account; These fees are often higher if you transfer your entire balance and close the account completely. E*TRADE waives a partial transfer fee if you have a remaining account balance of more than $5,000.
Number of mutual funds with no transaction fee: 5 out of 5 stars
E*TRADE offers over 4,300 mutual funds with no transaction fees. Mutual funds not included in the no-fee list will cost $19.99 per transaction. E*TRADE analysts regularly update a list of prominent mutual funds called the All-Star Report with the best undervalued funds and ETFs on offer.
Contract Securities: 4 out of 5 stars
E*TRADE allows investors to trade stocks, bonds, mutual funds, ETFs, options and futures. The company does not offer foreign exchange or cryptocurrency trading and does not allow investors to trade fractional shares. Fractional shares are becoming increasingly popular in the industry; They allowed investors to buy shares based on a dollar amount of their choosing, rather than the full price of the share. This can be especially useful for investors who work with limits