PROS / The automated trading feature makes it easy to trade stocks without doing all the work yourself.
CONS / The price for each stock trade is a bit higher than with comparable services.
VERDICT / E*TRADE Financial offers excellent educational resources to help you learn how to use its platform and how to invest in the stock market.
E*TRADE Financial is stock analysis software that specializes in evaluating the market and your financial options. You get helpful educational materials along with free stock market technical analysis in this software.
This stock market software has all the necessary tools to help you identify successful stocks, bonds and other investments. There are three different platforms that you can trade on: web based, desktop based and mobile based. From each, you can track the market, view your accounts and analyze real-time quotes. There are many customizable charts, graphs and criteria-based research tools. Level I and Level II quotes are both available, along with automated trading to make your life easier when you're away from your computer.
While stocks are a popular choice, E*TRADE also offers options, mutual funds, exchange-traded funds and other investments. If you're interested in international stocks, you have access to the international stock exchanges as well. This service is one of the few that allows you to invest in futures and forex on your own. Smart order routing and access to the Electronic Communication Network are also benefits of an E*TRADE account.
Each stock you trade online through this company costs $6.95, which is the highest trade fee among the stock market analysis software we reviewed. For each broker-assisted order, you pay a fee of $25. This price is lower than many competitors' rates. E*TRADE doesn't charge an annual fee of any kind, so you never have to worry about a recurring charge, but it does require you have at least $500 to open an account.
One of the reasons E*TRADE is considered one of the best stock analysis software programs out there is because of its educational resources. You can watch webinars on so many topics, including retirement accounts, the importance of diversifying your portfolio and more.
You can also read investment guides and articles and participate in live events at local E*TRADE locations. The platform also offers a simulated trading option in its free stock market analysis software, so you can practice strategies before you use your own money.
If you want to streamline your stock analysis, an E*TRADE account can do some of the work for you. With tools like automated trading, Level II quotes, and plentiful charts and graphs, doing your stock research can take much less time. If you want to learn how to do it yourself, E*TRADE Financial is a good choice, thanks to its plentiful educational resources.