E-trade Review 2012


Etrade Trading Commissions


  • $9.99 if 0-149 trades per quarter; $7.99 if 150+ trades per quarter per stock/etf trade
  • Options: $9.99 plus $0.75/contract if 0-149 trades per quarter; $7.99 plus $0.75/contract if 150+ trades per quarter
  • Mutual Funds: $19.99
  • Futures contracts: $2.99 per contract, per side + fees


Etrade Important Fees and Surcharges


  • Transfer (out) of assets: Full - $60 per account, Partial $25 per account


Etrade Pros


  • Great trading platform
  • No setup and annual IRA account fees, no minimums with electronic statements and confirms


Etrade Cons


  • Expensive commissions on all asset classes
  • Etrade's trading desk might trade against you
  • Customer service responsiveness depends on the size of account and frequency of trades
  • First transfer holds your funds for nearly two weeks


Etrade Account Types


  • TRADING AND INVESTING
  • General Investing
  • Employee Stock Plans
  • Business
  • Corporate / LLC
  • Trust & Estate
  • Investment Club
  • Managed Investment Portfolio
  • Unified Managed Account

  • RETIREMENT
  • Rollover IRA
  • Traditional IRA
  • Roth IRA
  • IRA for Minors
  • Complete™ IRA
  • Beneficiary IRA

  • EDUCATIONAL
  • Custodial
  • Coverdell

  • BANKING
  • Complete Savings
  • Money Market
  • Max-Rate Checking
  • E*TRADE Checking
  • Mortgages

  • ACTIVE TRADING
  • Power E*TRADE
  • Futures Trading

  • GLOBAL TRADING
  • Global Trading

  • SMALL BUSINESS RETIREMENT PLANS
  • SEP IRA
  • SIMPLE IRA
  • Individual 401(k)
  • Money Purchase
  • Profit Sharing
  • Investment-Only Non Custodial


Etrade Review


Etrade is one of the best known brokerage houses. It recently lowered it's commissions and even though they are still very high comparing to most other online brokers they are not as bad as used to be. Minimum to open cash account is $1,000.

Etrade trading platform (Power Etrade Pro) is well-designed and easy to use. Executions are fast. Company offers a lot of good analytics and tools all in one place. Great Level 2 quotes.

No IRA fees and no account maintenance and inactivity fees make Etrade a good option for a brokerage retirement account as well as for buy-and-hold investors.

Good company but commissions are expensive. Only recommended for very occasional traders.


Etrade Promotional Code


Get 100 Free Trades with an E*TRADE IRA

Etrade Review


Etrade Reviewed by Savings-Secrets.com on . Rating: 3
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