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Pros / E*TRADE offers more than 100 commission-free ETFs.

Cons / This stock broker doesn’t offer forecasting tools to help you plan trading strategies based on a stock's predicted future performance.

 Verdict / E*TRADE is a solid choice for investors of all experience levels. It offers quality educational tools for beginners, and advanced investors can make use of the risk analysis tools to trade in forex and futures.

Editor's Note: E*TRADE is offering promotional pricing on a Core Portfolios account. From now through September 1st a Core Portfolios account has no advisory fees.

For this review we were unable to test E*TRADE’s online and mobile trading platforms. If we are able to in the future we will update the review. E*TRADE acquired OptionsHouse and has incorporated the OptionsHouse platform into its trading services.

A robo-advisor can be a good option if you want to invest but lack the time or desire to choose your own investments. E*TRADE’s Adaptive Portfolio offers a blend of algorithmic and human management. To sign up you’ll answer questions about your risk tolerance, investment goals and timeframe. Adaptive Portfolio requires a minimum deposit of $5,000 and has an annual advisory fee of 0.30%.

The cost to buy stocks online, as well as options and exchange-traded funds, is $6.95. If you make more than 30 trades per quarter, this prices drops to $4.95. Broker-assisted trades cost $25. To open an account, a minimum deposit of $500 is required. E*TRADE offers over 100 commission-free ETFs. These are a good option for novice investors, but remember that even though you won’t pay a commission, you’ll have to pay an annual expense fee which can range between 0.19% and 0.75%.

This online brokerage provides thorough educational resources on buying stocks online, including a retirement planning toolkit to help you plan investment strategies for your future. A key feature of the education center is the recorded webinars that cover a range of topics such as choosing the right retirement account and how diversifying your portfolio can benefit you. In addition to the webinars, the company provides investment guides, online investment courses, articles and live events at E*TRADE locations. The site also offers a simulated trading environment so you can practice on the platform and develop trading strategies.

E*TRADE Financial Visit Site
  • Stock Trades
  • Broker-Assisted Stocks Trades
  1. The lowest cost for a stock trade.
    Lower is Better.
  2. 6  E*TRADE Financial
    $6.95
  3. $6.95
  4. $4.95
  5. $6.95
  6. Category Average
    $5.96

Summary

E*TRADE combines solid pricing, excellent education offerings, a selection of commission-free ETFs and a hybrid robo-advisor. We were unable to test the platform and mobile app for this article, but we will update the review in the future when we test it.

E*TRADE Financial Visit Site

Specifications and Benchmarks

Education & Resources

Investor Education
A+
User Training
B
Simulated Trading
Broker Support

Fees & Commissions

Average Trader's Yearly Cost
$118.15
Stock & ETF Trades
$6.95
Options Base Fee
$6.95
Options Per Contract
$0.75
Broker-Assisted Trade Fee
$25.00
Mutual Fund Fee
$19.99
Commission Free ETFs
Minimum Investment
$500.00

Platform & Tools

Platform Ease of Use
*
Mobile App Functionality
*
Option Strategies
16
Technical Indicators
69
Robo-Advisor
Risk-vs-Reward
Forecasting