ETrade Review

When you start to evaluate online brokers, it is likely that you will look for an ETrade review among your top choices. They have been the standard by which other online brokers are judged. As online trading brokers have grown in importance to investors, ETrade has defined itself terms of its quality of service, its sophistication of tools and its broad service offering.

What sets ETrade apart is not just one thing. What has made ETrade unique is that it seems to do everything well. They offer the highest rated trading tools, the highest rated customer service, good banking services, a full line of investment products and a long history of serving the needs of savvy traders. To show for that, they have a subscriber base of 2.3 million customers and claim “1,000 new accounts opened everyday”.

ETrade targets the more experienced trader. Their pricing is not the lowest out there. It is competitive, but ETrade customers are willing to pay a little extra for what they get. ETrade has been rated the number one overall online broker for the past three years by SmartMoney – The Wall Street Journal magazine. ETrade received their highest ratings for trading tools, research, customer service and banking services. They also have a nice selection of online videos with introductory materials for new traders.

View the Current Promotion for opening up a new ETrade account

ETrade Commissions & Fees

- Cost Per Trade: Tiered from $9.99 to $7.99 based on number of trades/quarter
- Additional Trading Fees: None
- Account Minimum Balance: $2,000
- Broker Assisted Trades: $45.00
- Account Maintenance Fees: $40 per quarter, but waived with any level of trading
- Account Transfer Fee: $60.00

ETrade Services

- Mutual Funds and Bonds
- 7,000 Mutual funds, all ETF’s that are sold, and over 30,000 bonds
- Banking Services including Checking and Savings accounts plus mortgages and
   and co-rated Best by SmartMoney - The Wall Street Journal Magazine
- Foreign Market Trading - Yes in 24 countries and 30 foreign exchanges
- Research Tools - Free research from S&P, Thompson Reuters and MarketEdge and
   co-rated Best by SmartMoney - The Wall Street Journal Magazine
- Trading Tools/Trading Platform - Highly rated trading platform for stocks, options,
   futures plus mobile phone trading
- Local branch offices - Yes

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