Etrade Guide – Read our In-Depth Etrade Review
Etrade Rating: 4.51 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This Etrade review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Etrade review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the world of trading and brokerage, so many facts will be confusing for you. Getting into the area of trading requires expert analyzing skills and thorough knowledge. You will acquire adept at all of the concepts of brokerage since you continue trading. For starters, you need to select the right broker who'll be clear with you constantly.
In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment plan will create hefty returns. Etrade is just one such platform which will take you and your investment into great heights. It's crucial to know all about Etrade until you trust them with your money.
Etrade Guide – Brief Overview
Etrade Telephone Number:
Etrade Email Address:
Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)
Number Of Clients:
10,000+ Etrade users and traders
Etrade Facebook Likes:
Etrade Twitter Followers:
Etrade Instagram Followers:
Your capital is at risk
|Etrade Telephone Number:|
|Etrade Email Address:|
|Regulated By:||Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)|
|Number Of Clients:||10,000+ Etrade users and traders|
|Etrade Facebook Likes:||0|
|Etrade Twitter Followers:||0|
|Etrade Instagram Followers:||0|
Your capital is at risk
Our entire Etrade Review covers all you will need to learn about trading using Etrade. A fantastic broker can multiply your first investments and give you favourable profits. If you would like to earn profits, you must trade with a brokerage service that contrasts with your investing objectives.
There is no sure-fire method to ensure profits; therefore, you should carefully analyze your agent before you select them. It's a common misconception that all brokers are the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.
Etrade is a broker that has found its way successfully into the brokerage world. In this review, we have tried to collate a number of the important facets of Etrade. This review will allow you to know whether Etrade is a fantastic fit for your own investments or not. We have tried to breakdown all of the features and fees for your advantage.
Etrade Review, Table Of Contents
- Who are Etrade?
- Benefits Of Trading With Etrade
- Everything you should know about trading with Etrade
- Is Etrade Safe To Trade With?
- Etrade Risk Disclaimer
- Pro's & Con's Of Trading With Etrade
- Compare Brokers Similar To Etrade
- Regulation And Licencing In More Detail
- Etrade Awards
- Minimum Deposit Required For A Live Account With Etrade
- Etrade Commission And Fees Explained
- Compare broker fees against Etrade
- Etrade Withdrawal Fees Explained
- Etrade Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Etrade?
- Alternatives To Etrade
- Frequently Asked Questions About Etrade
Who are Etrade?
Etrade is a forex broker headquartered in United States and provides a range of instruments for online trading. Since its start in 2012, Etrade has emerged as a leading player in the industry of online broker. Etrade includes an extremely competitive and full-featured trading site that's focused on forex, indices, metals, stocks , commodities.
Over the past 9 years, Etrade has grown into one of the leading online brokers.
After establishing in 2012, their customer base has become as large as 10,000+ clients.
Etrade is the favourite of many dealers because of its negative balance protection. Our Etrade review discovered that they're an excellent alternative for automated trading options. It's most appropriate for investors who are looking for a variety of assets. Social and automated trading solutions are the core at Etrade.
Technology plays a substantial role at Etrade. Etrade features trading on cTrader, SocialTrading, webPlatform, DesktopPlatform, Proprietary .. Etrade is fair, transparent, and a well-regulated agent by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.
The trader resource section at Etrade is quite insightful for new dealers since it permits them to have a closer look at the financial markets. Etrade caters to all sorts of traders and are a must-have broker for almost any well-diversified method of online trading.
If you feel that Etrade is not right for you then at the bottom of this Etrade review you wil find a lot of alternatives to Etrade.
What you should know about trading with Etrade
Etrade is a dynamic platform that offers various procedures of trading. These tools cover the financial markets substantially. The Majority of the brokerage platforms offer fewer procedures than Etrade
If you want to exchange with Etrade, you'll need a minimum deposit of $100. This deposit is required if you would like to begin trading using Etrade. This 2021 Etrade review will direct you clearly about trading with them.
Etrade is as flexible as another brokerage platform. Etrade is great for traders who want a manageable variety of cheap services. The platforms supplied by Etrade are third-party, white-label offerings. All traders can select from cTrader, SocialTrading, webPlatform, DesktopPlatform, Proprietary ..
Along with everything, Etrade has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a transaction has to be kept available. The brokers provide premium customer service which rewards customers with benefits.
Many unethical brokers attempt to pressurise users into larger funding for superior services. Etrade, on the other hand, is more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the more advantages will come along.
Etrade accounts are available globally and provides outstanding service everywhere they have clients. There are a few countries where Etrade accounts are not available. Traders in the following countries cannot open or use a Etrade account:
BR, KR, IR, IQ, SY, JP, US
Is Etrade Safe To Trade With?
Launched in 2012, Etrade has been operating for 9 years, they are headquarted in United States.
Etrade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). These bodies have rules that ensure that trading platforms have ploicies in place to keep investor's assets procured. This usually means that Etrade users do not need to worry about their money as it is segregated and safely stored in established banks. SSL encryption simplifies each user's personal information as well.
You are able to make use of a choice for Two Factor Authentications (2FA) with Etrade for increased security. An SMS for the verification code will be sent to a mobile phone. You'll be required to enter this code to log into your accounts.
Another concern with financial brokers is in regards to safety may be manipulation of trading. This is highly disadvantageous to consumers on these platforms. Nonetheless, this is much more widespread in the case of Market Maker agents who compete with users on the platform.
Etrade Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Etrade
Every online trading platform will have some pros and cons Etrade review would be complete without having a balanced approach. This Etrade review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- Etrade is trusted by 10,000+ clients
- Etrade offers Negative Balance Protection
- Etrade has low minimum deposit requirements
- Etrade doesn't charge withdrawal fees
- Etrade doesn't charge inactivity fees
- Etrade doesn't charge deposit fees
- Etrade doesn't charge CFD fees
- Etrade offers copy trading
- Etrade offer trading on cTrader, SocialTrading, webPlatform, DesktopPlatform, Proprietary .
- Etrade offer 87 trading instruments
- Etrade trades major forex pairs
- Etrade can communicate in English, and Chinese
- Etrade does not offer Guaranteed Stop Loss
- Etrade doesn't trade minor forex pairs
- Etrade doesn't trade exotic forex pairs
- Etrade doesn't offer trading on cryptocurrencies
- Etrade doesn't offer social trading
- Etrade doesn't offer trailing stop
Etrade Review - Compare Brokers Similar To Etrade
|Etrade||Bailieu||ads securities||Bell Direct|
|Rating||4.51 / 10||5.63 / 10||4.8 / 10||3.91 / 10|
|Headquarters||United States||Australia||Bulgaria||New Zealand|
|Regulated By||Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)||Australian Securities and Investment Commission (ASIC)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F219||Financial Markets Authority (FMA)|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Your capital is at risk||Your capital is at risk|
Etrade Review - Regulation And Licencing In More Detail
Etrade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Etrade, as a company, has a powerful set of rules for ensuring honest trading onto its own platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, client data is to not be shared with some other institutions or individuals. This includes credit history and other financial details.
Etrade Review - AwardsAt the time of writing this Etrade review, and despite Etrade’s impressive offering, the company has surprisingly not garnered any other awards to date.
Etrade Trading Platforms
Etrade are a professional brokerage that has been open for over 9 years. They offer a large range of options in their client accounts.
Below we take the main parts of any good broker and compare Etrade with Bailieu, ads securities, and Bell Direct
Etrade Review - Minimum Deposit Required
The minimum deposit that you must deposit to begin on Etrade is $100. This is a decent amount for people just beginning. It's possible to create more advanced residue as you go along. But, make certain that you know how to make the most of your money before investing in larger sums.
Etrade Review - Commission And Fees Explained
Etrade is an online brokerage platform, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled much better. In other words, an online broker is not necessarily affected by the amount of clients they have.
But this does not mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly 3 different types of fees for this objective.
The first sort of charges to keep an eye out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you're charged trading fees. In these instances, you are paying a spread, financing speed, or even a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight prices are people that are billed when you hold a leveraged position for longer than daily.
Apart from trading charges, online brokers also bill non-trading fees. These are determined by the activities you undertake in your accounts. They are charged for services like depositing money, not trading for long periods, or withdrawals.
In general, Etrade does not charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for those who often trade, for example weekly or daily trading.
But, non-trading fees charged by Etrade are comparatively higher. As a result, you're charged more for non-trading actions in your trading account, such as withdrawal and deposits. These are not related to the purchase and sale of assets.
This Etrade review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against Etrade
Etrade Review - Withdrawal Fees ExplainedEtrade doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from your Etrade account. It's possible to withdraw sums up to the sum of your account balance, keeping aside the margin used. One thing to keep in mind is that you don't necessarily have to have any cash on your accounts.
Moreover, the withdrawn money will be transferred directly to the accounts you use to create deposits. Thus, in the event that you used a credit card for deposits, the withdrawn money is going to be sent to the card. Etrade will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you are choosing to draw in.
Etrade Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions which run through your mind while open an account with Etrade. An inactivity fee is an amount charged to registered traders that have not participated in purchasing or selling for a while. The period regarded as inactive is decided by the broker.
The inactivity fee differs from 1 agent to another and is not standardized. If a traders account doesn't have a purchasing or selling transaction, it's claimed by the agent as an inactivity fee. The traders need to pay this commission under terms and conditions they had agreed while enrolling.
Etrade doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no fees have been implied by Etrade, it is better that you close the account if you're inactive. Inactivity fees are not just charged by broker firms but also many financial services.
For other trading platforms, the inactivity fee is contingent on the sort of account you've selected. The inactivity fee is subjected to a lot of circumstances and should be disclosed clearly by the agent beforehand.
Etrade Review - Deposit Fees Explained
When you transfer money into your trading account by the bank account, a deposit fee can be billed by the broker. Most agents don't charge too much money for this particular operation.
Etrade doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the Etrade trading platform is easy. You just need to complete a single-user profile questionnaire to begin depositing money into your trading account. You'll have to provide an identity evidence and evidence of residency to deposit large amounts.
Etrade Review - Compare Broker Deposit Methods
What Can You Trade With Etrade?
Note: Etrade offers a lot of different trading instruments due to regulatory restrictions in various countries. Trading instruments offered can be different depending on the country of residence of the client.
Etrade has a wide variety of over 87 instruments available for you to trade with.
If trading currency pairs is of interest to you then Etrade offer over forex pairs.
Compare Etrade, Bailieu, ads securities & Bell Direct below.
Reviewing The Etrade Mobile App
Note: Etrade's mobile app has many functions and is being constantly improved. What follows was accurate at the time of writing this Etrade review.
Understand the capabilities of the mobile apps of Etrade, Bailieu, ads securities & Bell Direct below.
Alternatives To Etrade
If, after studying this Etrade review, they don't quite meet your requirements check out these Etrade alternatives.
We have scoured the internet to find the best alternatives to Etrade. Click on the hyperlinks below to find out more.
Frequently Asked Questions about Etrade
Can I try Etrade before I buy?
Yes, you can most definitely try Etrade before you buy. Etrade provides demo accounts for the ease of new traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.
If you register to get a demo account on Etrade, you will set out using a decent amount of virtual currency. It's to establish a feeling of security and confidence in you until you choose to spend your own money.
With this virtual Etradedemo account, you can experiment at all, to whatever length you desire. You can even open positions, test different trading approaches, and much more.
Etrade specifies on its official website which you are able to exchange real time stocks in a demo account.
Is Etrade safe?
It is possible to drop all your worries because we believe that Etrade is totally safe to use. It is in compliance with the rules of Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Nevertheless, Etrade doesn't provide assured stop-loss protection.
Why does Etrade ask for my passport?
The reason that Etrade asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Etrade has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Etrade must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Etrade?
The process to start trading withEtrade is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Etrade website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Etrade is $100. You should have a good understanding of the details of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Etrade.
The best way to kickstart your trading career with Etrade is to open a demo account facility before risking any real money
What funding methods do Etrade accept?
There are a number of methods to fund your accounts with Etrade. The process is effortless and quick, with different payment methods at your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to bear in mind that PayPal is not available in all country. The currencies Etrade
Is my money safe with Etrade?
Yes, your cash is safe and secure with Etrade. As you know, Etrade works with proper conformation to. It's established lots of measures to protect all of its investors.
Etrade protects its customers' private and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you want to further protect your accounts, you can empower Two-Step Verification as well. It takes an SMS confirmation for you to get your account.
Is Etrade trading good?
Yes, trading via Etrade is a pleasant and good experience indeed. It's an excellent and intuitive platform with helpful features for your simplicity. Moreover, you can also obtain access to a huge collection of educational resources and assistive substance to kickstart your trading experience.
If you remain skeptical, you can start a eToro demo account and assess the trustworthiness of the platform on your own.
Which Countries does Etrade support?
Etrade operates around the world. However, due to regulations there are some countries that Etrade cannot accept clients from BR, KR, IR, IQ, SY, JP, US
Is Etrade legit?
Etrade is a legit company headquarted in United States since 2012. They are regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). Etrade is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Etrade a good broker?
Etrade is a great broker, and its own users can vouch for this. The highlight of this platform is its fast order execution on transactions.
You'll find the clean layout of this platform along with the commendable features a pleasure to work with.
Is Etrade a trustworthy broker?
Yes, Etrade is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Etrade?
The minimum deposit to open a live account with Etrade is $100
How long do Etrade withdrawals take?
Normally, withdrawal of money from Etrade is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Etrade to show in your bank account.
Are Etrade regulated?
Etrade are regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)
Is Etrade a market leading broker?
Etrade is indisputably among the industry leaders. It supports over 10,000+ registered users and over 9 years of experience on its own record. They are among the world's top trading platforms and also a dominant figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and broad selection of resources plus tools so that you may put money into capital markets.
Is Etrade a con?
No, Etrade is not a con. They are regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and must adhere to their rules. Thus, it is safe to say that Etrade is not a scam.
Can you make money with Etrade?
Through Etrade, several traders earn a lot of money. But typically, through continual trading, you can create between 2% - 10% profit a month.
This can look like a small number, but over the entire year, this adds to a substantial number of gains. While Etrade supply you all the tools to make money, they can't guarantee that you will gain.
Does Etrade have fees?
Yes. To begin trading with Etrade, you have to deposit $100. Particular commissions while trading additionally applies. Any processing fees from your bank will have to be incurred by you.
When was Etrade founded?
Etrade was founded in 2012 in United States. Etrade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
How many people use Etrade?
Etrade is a globally recognised agent with 10,000+ clients.
Where is the Etrade head office?
Etrade has its head office in United States
Does Etrade offer negative balance protection?
Yes, Etrade has Negative Balance Protection. It's especially offered while the market volatility keeps customers from allowing their account go in the red. In a situation like this, Etrade offers the ability to reset a clients account balance to zero.
You can go through the critical terms and conditions on Etrade's website to understand their policies better.
Does Etrade offer guaranteed stop loss?Etrade regrettably, does not provide guaranteed stop loss. Etrade gives a chance to its dealers to close their trade at their specified price. Apart from this, Etrade does not provide guaranteed stop loss.
Does Etrade allow scalping?Yes, Etrade do permit scalping. Many traders across the world select Etrade for their services that are trading. They offer trading on cTrader, SocialTrading, webPlatform, DesktopPlatform, Proprietary . which allow this.
Does Etrade allow hedging?
Yes, Etrade does allow hedging.
Can you trade energies with Etrade?
No, unfortunately you cannot trade energy stock with Etrade
Can you trade agricultural shares with Etrade?
No, unfortunately you cannot trade agricultural stock with Etrade
Can you trade cryptocurrency with Etrade?
No, unfortunately you cannot trade cryptocurrency with Etrade
Can you trade metals with Etrade?
No, unfortunately you cannot trade metals with Etrade
Can you trade UK Shares with Etrade?
Yes, you can trade UK shares with Etrade
Can you trade US Shares with Etrade?
No, unfortunately you cannot trade US shares with Etrade
Can you trade Japanese Shares with Etrade?
No, unfortunately you cannot trade Japanese shares with Etrade
Can you trade German Shares with Etrade?
No, unfortunately you cannot trade German shares with Etrade
Does Etrade accept bank transfers?
Yes, Etrade accepts bank transfers for depositing money.
Does Etrade accept credit cards?
Yes, Etrade accepts credit cards for depositing money.
Does Etrade accept PayPal?
No, Etrade does not accept PayPal.
Does Etrade accept Skrill?
No, Etrade does not accept Skrill.
Does Etrade accept Payoneer?
Yes, Etrade accepts Payoneer for depositing money.
Does Etrade accept Neteller?
No, Etrade does not accept Neteller.
Does Etrade offer Live Chat customer support?
Yes, Etrade offers customer support through live chat.
Does Etrade offer phone customer support?
Yes, Etrade offers customer support over the telephone.
Does Etrade offer email customer support?
Yes, Etrade offers customer support through email.
What languages can Etrade communicate in?
Etrade has the ability to communicate and support customers who speak: English, and Chinese
Does Etrade have a wikipedia page?
No, Etrade does not have an official wikipedia page.
Does Etrade offer demo accounts?
Yes, Etrade offers virtual portfolio accounts so you can test your trading strategies before risking any real capital. Inexperienced traders can open a virtual portfolio account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before signing up for a live account.