Overall Rating55555


E-Trade – King of Online Trade

One of the most successful and popular online trading companies is without a doubt E-Trade. I’m sure you’ve heard about them but are their services all what it’s made out to be. I’ll run through information about E-Trade and you can make up your mind if it’s an effective online brokerage service worthy of your business.

Let’s take a brief look at the products E-Trade offers. For investment and trading, they offer: Stocks, Bonds, Options, Mutual Funds, IPOs and Futures. For retirement and planning, they offer: Traditional IRA, Roth IRA, Rollover IRA, IRA for Minors, Complete IRA, Small Business Retirement Plans, Education Savings and Beneficiary IRA. For banking and credit cards, they offer: Checking, Savings, Money Market, CDs (Certificate of Deposits) and Credit Cards. It’s safe to say that E-Trade isn’t just your typical online stock trading company. It appears they’ve incorporated banking operations with trading. This approach is smart because customers in today’s world love dealing with a single company to do a wide variety of business.

With E-Trade an investor can take advantage of their 100 trades at no commission deal. This means exactly what it says. You can do 100 trades for free. I like this because by the time you used up the 100 trades for free you’ll know if E-Trade is worth continuing with or not. The normal commission fees are $7.99, $9.99 and $12.99. The $7.99 commission is for investors who trade at least 150 trades per quarter. To qualify for the $9.99 commission fee the requirement is you must have $50K or more in assets or do 30 to 149 trades per quarter. The $12.99 commission fee is standard. While the commission fee structure isn’t bad, there are other online brokerage services that have lower fees.

Even though E-Trade has higher commission fees their services may make those fees actually worth it. They offer integrated account management, easy-to-use investing tools and industry leading trading tools. There’s also a research and guidance section on their website that is designed to give you personalized tools and guidance. If you’re new to investing there’s a section within the research and guidance area that allows a new investor to explore. It provides invaluable tools to get the new investor up and trading in no time.

E-Trade for the last three years in a row has been named the number one online brokerage company. Recognition like that has branded E-Trade as the company that investors are most satisfied with. I definitely recommend their services for experienced and new investors. The tools available for learning the ins and outs of the industry, along with the 100 free trades and the high satisfactory rating from its users make E-Trade the king of online brokerage firms.

One Customer Review of “E*Trade”

Review by Brad

  • 55555

E Trade has been a leader when it comes to trading stocks. Easy to use.

Overall Rating 55555

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