can I start trading after I open an account?
A: You can start
trading within your brokerage or IRA account after you have
funded your account and those funds have cleared.
do I withdraw money?
A: You can
securely transfer money between E*Trade accounts and to and from
other financial institutions using our...READ
• E*Trade has branches all over the USA, so if you find yourself in a
situation where you’d rather meet face-to-face with a representative rather
than via phone or email, the option is available to you. The fact that they
have been around so long is also a good indicator that your money is safe
with them—they wouldn’t be in business this long if they were stealing from
Click here to
locate a branch near you.
• Another nice feature of E*Trade is their no-fee
transfer policy. This means they will not charge you any fees should you
decide to transfer your account to a different company. They also do not
charge any fees for account inactivity. These might seem like standard
features, but trust me: they are not. There are also no annual IRA fees and
no account minimums.
Click here for a complete rundown of E*Trade's fee structure.
Having been in the game longer than most of its competitors has given
considerable time to perfect their trading platform, and they have
done just that. Their online platform is perhaps the best in the business,
featuring a very user-friendly layout and a countless number of analytical
tools to help you in your research. Featuring Level II access, you will be
able to see just how many shares are on the bid/ask, and for what amount,
giving you a serious advantage in your buying and selling of stocks.
See screenshots below.
When it comes to commission fees, E*Trade
is not as competitive as other online brokers. They charge
$9.95 per trade for the first 149 trades you make in one quarter (three
month period), and $7.95 for all trades after 150. In comparison to most
banks, these rates are lower, however as mentioned, there
are considerably cheaper brokers out there. This is
something that can really add up over time, especially if you don't have
a lot of money and/or intend on trading cheaper stocks.
Click here for a complete rundown of E*Trade's commission structure.
does not offer virtual, or practice trading.
One of the things most experts recommend is to
practice trading before depositing any money into an account, so this
can be a big drawback.
This is not a big deal
if you already have an idea of what you’re doing, but some beginners like to
have the option of practicing buying and selling stocks before they make a
deposit and do the real thing.
, depending on who you ask, can be improved. Again,
for the purposes of this review I will only speak for myself, and I have no
complaints. I guess it depends on who you
deal with and what your expectations are, but for my money I have nothing
bad to say about the level of service I received from
. Just be wary of the fact that
there are a great deal of people out there who have had bad experiences
with their level of service.
E*Trade offers one of the better trading platforms in the
ve been in business for a long time have learned a thing or two along the way in terms of analysis tools.
However, there are considerable drawbacks when comparing their high
commission rates to its competitors, and if you're going to be an active
trader these fees will definitely add up over time. At the end of the day,
unless you have a LOT of money to invest and already know your way around a
trading platform, you'd probably be better served by going with a
low-commission site like
But of course, to each their own.
Getting Started in the Stock Market:
Gotten through the initial education stages of
investing and still want to get in the game? Excellent. However, there
are still more things to consider. Before you run off and invest your
hard-earned money, there are a few more things you should consider
before jumping in.
Continue Reading »
You've put the work in. Educated yourself on the
basic terminology of investing. Researched company after company and
made your decision(s). It's time to decide which online broker is right
for you, register an account and get in the game. But as always, there
are things to consider...
Continue Reading »