Ratings

Overall
Commissions & Fees
Customer Service
Platform & Tools
Research
Ease of Use
Investment Offering
Education
Mobile Trading

Trade Commissions

Equity Trades*	$9.99
Options Fee*	$9.99
Options Contract*	$0.75
Mutual Fund	$19.99
Broker Assisted*	$54.99
Minimum Deposit	$500.00

Account Features

Virtual Trading
No Minimum Deposit
No Maintenance Fees
No-Fee IRAs
Online Trader Community
Investment Education

Etrade Review

Broker Review

Special Offer: Trade free for 60 days + Get up to $500 - Learn More

Likes - Excellent trader platform Power Etrade Pro 5.0; best mobile trading application Etrade Mobile Pro; user friendly website; banking services an added bonus.

Dislikes - $9.99 trades more pricey than discounted competitors; Power Etrade Pro not available to all clients.

Bottom Line - While Etrade may not have the cheapest trades, the broker provides a fantastic platform and a slew of research tools that will satisfy both casual and active investors.

2012 Review Results - E*TRADE was awarded as the #2 Overall Broker and Best in Class for Ease of Use, Platforms & Tools, Research, Customer Service, Investor Community, and Investor Education. Read the 2012 Broker Review.

Etrade is a financial service provider with a comprehensive online stock trading platform for its investors. They have a wide spectrum of trading tools for their customers, low trading commissions, and additional options such as High Yield Savings accounts. Etrade also allows its investors to trade stocks on their PDA phones with the use of Etrade Mobile Pro. They are one of the largest financial brokers in the world exceeding 4.5 million accounts in more than 40 countries with customer assets in excess of $100 billion.

Commission Notes

E*TRADE has a fairly straight forward commissions structure. Full Etrade commissions breakdown is below. Note that Etrade's advanced trader platform, Power Etrade Pro, is free if atleast 30 trades are made each quarter. Otherwise the platform can be used for $99 per month (optional).

Stock Trades - To qualify for the lower per trade rate of $7.99, atleast 150 trades must be made per quarter. All trades are otherwise $9.99. If making over 1500 trades per quarter, a further discount to $6.99 per trade is offered. For broker-assisted trades, add $45 to the total order. When trading during pre and post market hours, an ECN fee of $.005 per share is added to the regular commission rate.

Etrade does not charge any additional fees for placing penny stock trades or buying OTCBB / Pink Sheet stocks. For any stock under #1 per share, only limit orders (no market orders) may be used to place trades.

In Q2 2010 Etrade did away with its ill received account service fee of $40 per quarter which, while rare, could be assessed if certain conditions were met.

Options Trades - When trading options, an options regulatory fee of $0.014 per contract with a $0.04 minimum will apply.

Mutual Funds - All mutual funds cost $19.99 per trade. Additional fees may apply depending on the fund.

International Trading - Etrade also offers international trading in Canada, France, Germany, Hong Kong, Japan, and the United Kingdom. Commissions fees vary according to location. Alongside global trading, futures trading, bonds, and mutual funds trading is also available.

Etrade was reviewed by StockBrokers.com on 2012-02-27 with an overall rating of 5 Stars.

Ratings

Trade Commissions

Highlights

Account Features

Mobile Trading

Customer Service

Trade Types

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Etrade Review

Broker Review

Commission Notes

Trading Platform

E*Trade Mobile Pro iPhone App

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