E TRADE is one of the most popular online investing platforms. It offers a variety of features to help you make the most of your money. In this review, we’ll take a look at some of the pros and cons of using E TRADE.
One of the biggest advantages of using ETRADE is its wide range of investment options. You can invest in stocks, bonds, mutual funds, and ETFs, as well as options and futures. The platform also offers a wide range of educational resources to help you learn about different investment options and make informed decisions about your money.
ETRADE also has a number of helpful tools that make it easy to manage your investments. You can set up automatic contributions, create watch lists to track specific stocks or funds, and use Portfolio Tracker to get real-time updates on your investment performance.
E-TRADE boasts a full range of investing choices, personalized guidance, in-depth research, innovative and easy to use tools, and free education to help you grow your knowledge.
One of the better all around platforms, although if you are looking for something more in-depth you will find better tools, features and pricing in other platforms like Fidelity Investment or TD Ameritrade.
Standard pricing is $0 per trade. E*Trade offers a batch of free trades to get you started, and they have deals negotiated with many top mutual funds which allow them to offer them with no transaction fees (most do have an early redemption fee if you sell within 90 days, but this is typical and the fees are fairly minimal).
The E-TRADE dashboard is very visually appealing in comparison to the old dashboard (which is still available), but it doesn’t offer much new functionality.
The most powerful feature by far is their stock screener, which is extremely in-depth and can be used to find stocks or funds which meet a combination of criteria including fundamentals, earnings, technicals and even insider trades.
One drawback is that quotes are on a 15-minute delay unless you meet their “power-user” status by making over 30 trades in one quarter. While this isn’t necessarily that many trades, it does equate to about $100 per month in trade fees; which is annoying considering that you can get free real-time quotes through Google Finance.
E-Trade Review: our overall rating: for experienced investors 4.5 out of 5 stars; for novice investors 3.5 out of 5 stars. There are other platforms which provide much better guidance and ease-of-use for those new to investing, but savvy investors will find this platform very powerful and more than adequate for their needs.
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