eTrade Review

eTrade Broker Review 2024

7 min read

eTrade Review: In an age when commission-free brokers make a lot of noise, many people prefer to pay for excellent service. And likely choose a well-established broker like E*Trade – instead of depending on a cheaper solution. That great customer service may explain why E*Trade has been one of the top players in the online investing industry for a long time. It defines itself as an online discount brokerage ‘hybrid’ because it relies on customer service reps and accessible advisers for those who want the “human touch.”

eTrade Website Review

While researching for this eTrade Review and seeing the many positive comments about E-Trade customer service, regardless of the “perceived” higher fees and commissions, I was reminded of that social media criticism (mostly aimed at Facebook) that if you are not paying for something, then you are not a customer… you are likely the product.

Is Etrade any good as a broker? Even though they are an old-school broker, E-Trade still has much to offer. Their trading platform is easy to use, has intuitive and simple investing tools, and offers great customer service.

With its Super Bowl ads, E*Trade became one of the most recognizable names when it comes to investing online, particularly the ones that used to feature the famously cute baby (with a tinge of creepiness) talking with a male baritone voice.

Remember him? If you need to jog your memory or you’re just in need of a little bit of comic relief, YouTube is your friend.

eTrade Review History

Another reason why E*Trade is a household name in the online investment industry is because it was an early player. In 1982, a two-person startup launched an electronic system for stockbrokers called TradePlus.

According to one of those two men, Bill Porter, who was 54 at the time (see, it’s never too late to start something new and exciting), started the project with his partner, Bernard A. Newcomb, to enable an individual with a personal computer to trade stocks from home.

In the beginning, this company was started with $15,000. 1991, TradePlus became E*Trade, a name now synonymous with online trading. As of today, E*Trade Financial (E*Trade stock symbol is ETFC) is a $7 billion online trading giant for do-it-yourself investors. You are dealing with a trustworthy broker. E*Trade has stood the test of time, but is this the broker for you? Let’s take a look at this eTrade review. Check out a list of the top trading companies.

COURSE
Day Trading Course Options Trading Course Futures Trading Course
DESCRIPTION Learn how to read penny stock charts, premarket preparation, target buy and sell zones, scan for stocks to trade, and get ready for live day trading action
Learn how to buy and sell options, assignment options, implement vertical spreads, and the most popular strategies, and prepare for live options trading How to read futures charts, margin requirements, learn the COT report, indicators, and the most popular trading strategies, and prepare for live futures trading
INCLUDED

Three Trading Platforms

As a member of Bullish Bears, you want to take control of your economic freedom by learning how to trade with the right tools. An online stock trading service is only as good as the platforms they offer. At least as far as active traders are concerned.

If you consider E*Trade your broker, you’ll be happy to know they have intuitive trading portals. If you’re a beginner to stock trading, the E*Trade platform can be as easy to learn as TD Ameritrade’s TOS and probably more accessible than Interactive Brokers’ TWS.

Also, E*Trade Web, the browser-based platform at etrade.com, is ideal for less active traders. With streaming market data, real-time quotes, and market analysis, the web platform can track your accounts, create watch lists, and execute your trades. Moreover, passive investors in mutual funds and IRA accounts can check their investments as often as needed with this free solution.

Active Investor - eTrade Review

For the active investor type that likes to stay on top of market movements, the OptionsHouse by E*Trade might be better suited. Don’t let the name fool you. The OptionsHouse trading platform is not only for options trading. Stocks, futures, index funds, and even Bitcoin are available to trade.

Nonetheless, the OptionsHouse trading platform has a better reputation among options traders. It’s likely one of the reasons why E*Trade bought the company a couple of years ago.

Is the eTrade Pro Platform Platform Free? (Review Breakdown)

Yes, the Pro platform is free if you make 30 trades per quarter. For advanced trading, E*Trade offers the Pro Platform. The desktop software is jam-packed with tools. It includes a powerful strategy scanner. It even has backtesting capabilities. The Pro platform is genuinely designed for the pros and the high-volume traders. It offers a higher level of customization that professionals may require. However, it is not free unless you meet some minimum requirements.

The E*TRADE Pro trading platform is free to customers who execute at least 30 stock or options trades during a calendar quarter. Or maintain a brokerage account balance of at least $250,000. Yes, you read this right. Not $25,000, but $250,000!

SERVICES
Trading Rooms Stock Signals and Trading Alerts Stock Watch Lists
DESCRIPTION Bullish Bears offer trade rooms in our Discord. Our chat rooms include penny stocks, large caps, options, and futures We offer stock signals and trade alerts through our watch lists and Discord bots using Tradytics Swing trade and day trade watch lists with hand-picked symbols that have the best chance of breakouts. These are stocks to watch
INCLUDED

How Much Are Etrades Fees? (Pricing Breakdown)

  1. $0 for stocks, options, and ETF’s
  2. $ 0.65 options contracts or $0.50 with 30+ trades per quarter
  3. $1.50 – futures contracts
  4. $1 bonds (minimum $10, maximum $250)
  5. Get updated pricing here.

Potential Likes and Dislikes

Three things you may like about E*Trade:

  1. Multiple financial services are provided
  2. Lots of trading tools within all platforms
  3. It is simpler to use than some of its competitors

Three things you may dislike about E*Trade:

  1. $500 minimum deposit amount
  2. Little costlier than many of its major competitors
  3. No paper trades, no demo account, no virtual trading

eTrade’s Stock Price and Symbol: Are They Publicly Traded?

eTrade is a publicly traded company on the Nasdaq Exchange (NASDAQ: ETFC).

eTrade Review Final Thoughts

At $6.95, E*Trade’s commissions are on the pricier side.  However, you can reduce these to $4.95 if you are an active trader. Despite these costs, E*Trade customers like its intuitive platforms and excellent customer service. If you need help with your trading activities, chances are that E-Trade support will respond promptly. Because of that support, I think you’ll be in good hands with E*Trade if you’re starting on the path to economic freedom.  Who and what is E*Trade for?

By offering advanced and easy-to-use features, E-Trade offers decent options to experienced and new traders. E*Trade is a leader in the industry for short-term trading or longer-term investments.

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FREE ONLINE TRADING COURSES

If you’ve looked for trading education elsewhere then you’ll notice that it can be very costly.

We are opposed to charging ridiculous amounts to access experience and quality information. 

That being said, our website is a great resource for traders or investors of all levels to learn about day trading stocks, futures, and options. Swing trading too! 

On our site, you will find thousands of dollars worth of free online trading courses, tutorials, and reviews.

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It’s important to treat day trading stocks, options, futures, and swing trading like you would with getting a professional degree, a new trade, or starting any new career.

Invest the proper time into your Trading Education and don’t try to run before you learn to crawl. Trading stocks is not a get-rich-quick scheme. It’s not gambling either, though there are people who treat it this way. Don’t be that person! 

STOCK TRADING COURSES FOR BEGINNERS

The Bullish Bears team focuses on keeping things as simple as possible in our online trading courses and chat rooms. We provide our members with courses of all different trading levels and topics.

If you’re a beginner, intermediate level, or looking for expert trading knowledge…we’ve got you covered. 

We have a basic stock trading course, swing trading course, 2 day trading courses, 2 options courses, 2 candlesticks courses, and broker courses to help you get started. Free.

Just choose the course level that you’re most interested in and get started on the right path now. Become a leader, not a follower. When you’re ready you can join our chat rooms and access our Next Level training library. No rush. We’re here to help.

Click Here to take our free courses.