Is ETRADE a Scam? - Detailed ETRADE Review

What is ETRADE？

ETRADE are a global online financial trading platform and multi asset broker founded in 2012

Over 9 years later ETRADE has grown to offering retail investors Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.

ETRADE are a global broker. ETRADE have a head office in United States.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this ETRADE review and assess how well the ETRADE platform functions in its role as an international multiple financial asset trading platform for traders in 2021.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like ETRADE can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of ETRADE we breakdown the pros and cons. What ETRADE are able to offer, what countries ETRADE are available in. Who ETRADE are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this ETRADE review useful.

This review of the ETRADE platform is very detailed. If you are interested in trading with ETRADE in any capacity please take the time to read and research the whole ETRADE review.

We have tried to explain the ins and outs of financial trading through the ETRADE platform as plainly as possible so that you the trader are as informed as possible before you start to use the ETRADE trading tools and depositing and withdrawing funds from ETRADE.

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with ETRADE like Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. You should have confidence in ETRADE and know that the management of your financial investments on the ETRADE platform are in good hands.

At the bottom of this ETRADE review you can also learn about some pretty good alternatives to ETRADE

With this ETRADE review we hope to help you see if ETRADE is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding ETRADE that will help you get off to a good start in the world of online trading.

Are ETRADE safe？

When choosing a broker like ETRADE the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2012, and in operation for 9 years ETRADE have a head office in United States.

ETRADE is regulated. This means ETRADE are supervised by and is checked for conduct by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to ETRADE, this will be honored. If ETRADE violate any regulatory rules their regulated status could be stripped.

Is my money safe with ETRADE？

Any payments funded to ETRADE accounts by traders are held in a segregated bank account.

For added security ETRADE use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should ETRADE use them？

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in ETRADE deposited in a Tier 1 bank？

Having any money you deposit with ETRADE means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if ETRADE goes out of business for some reason.

Therefore, we can safely conclude that ETRADE is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. ETRADE also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regarding ETRADE. let us look at the ETRADE features in more detail.

Try creating two accounts when you are working with ETRADE. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

ETRADE Pros and Cons

What we like about ETRADE

• Used by over 10,000 ETRADE users and traders

• Established in 2012

• Regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)

• Min. deposit from $100

What we don't like about ETRADE

Doesn't allow scalping

Not FCA Regulated

ETRADE Regulation and Licensing in more detail

We have checked and ETRADE is regulated and supervised by reputable organisations. You are able to check every ETRADE supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with ETRADE. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria for license approval, this is determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect ETRADE traders and provide a safe trading environment. Financial regulation and license approval is essential.

• Securities and Exchange Commission (SEC)

• Financial Industry Regulatory Authority (FINRA)

ETRADE is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as ETRADE you should be sure they're legitimate online agent.

Is ETRADE Global？

Yes, ETRADE is global as ETRADE is available in over 194 countries.

ETRADE is a global trading platform in the sense that it operates in 194 countries including nations in Europe, Asia, Oceania, and Africa. Major countries ETRADE covers include the UK, Germany, Australia, South Africa, Thailand the United States and China. ETRADE has a total of more than 10,000 users.

ETRADE Fees Explained

• ETRADE withdrawal fees varies on payment method

• ETRADE does charge a fee for inactive accounts.

• ETRADE does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.