Score

1.55 /10
Danger

E TRADE

United States

5-10 years

Suspicious Regulatory License

Global Business

Suspicious Overrun

High potential risk

AAA

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Score

Regulatory Index0.00

Business Index7.28

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

VPS Standard
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Single Core

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40G

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Broker Information

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Company Name

E TRADE Securities LLC

Company Abbreviation

E TRADE

Platform registered country and region

United States

Company website

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Company summary

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Warning: Low score, please stay away! 2
Previous Detection : 2025-02-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0320906) claimed by this broker is suspected to be clone. Please be aware of the risk!

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E TRADE · Company summary
Quick E*TRADE Review Summary
Founded Year1982
Registered Country/AreaUnited States
RegulationNFA (Suspicious clone)
Tradable AssetsStocks, ETFs, mutual funds, options, bonds, futures
Min Deposit$0
Trading PlatformsPower E*TRADE, E*TRADE
Customer SupportTel: 800-387-2331

E*TRADE Overview

E*TRADE is a US-based online investment platform that offers a wide range of tools for traders and investors. Founded in 1982 and currently have no valid regulations. E*TRADE provides access to a diverse range of market instruments, including stocks, ETFs, mutual funds, options, bonds, and futures. At E*TRADE, Traders can choose trading platforms between Power E*TRADE and E*TRADE.

E TRADE's homepage

Pros & Cons

ProsCons
Wide range of trading instrumentsSuspicious clone NFA license
Multiple account types to suit different needsHigher futures contract fees for traders with fewer than 30 trades per quarter
Power E*TRADE trading platform with intuitive charting tools and advanced risk analysisOnly phone support
Prebuilt portfolios designed by investment professionals
Commission-free trading for over 100 ETFs
Free educational resources to help traders improve their knowledge and skills

Is E*TRADE Legit or a Scam?

E*TRADE does not currently have any valid regulation, which may present potential risks for traders. The NFA regulation claimed by the broker (license number: 0320906) is suspected to be a clone, further adding to the risk for traders. It is important for traders to exercise caution and thoroughly research the broker before investing with them. Choosing a regulated broker can greatly reduce the risks associated with trading.

Regulated CountryRegulated byCurrent StatusRegulated EntityLicense TypeLicense No.
USA
NFASuspicious CloneE TRADE Securities LLCCommon Financial Service License0320906

Market Instruments

E*TRADE offers trading in stocks, ETFs, mutual funds, options, bonds, and futures.

Trading AssetsAvailable
Stocks
ETFs
Mutual funds
Options
Bonds
Futures
Forex
Commodities
Indices
Cryptocurrencies
Market Instruments

Account Types

E*TRADE offers several different types of accounts to suit the needs of different traders and investors:

  1. Brokerage accounts: These are standard accounts for buying and selling securities, including stocks, bonds, options, and mutual funds.
  2. Retirement accounts:E*TRADE offers several types of retirement accounts, including traditional and Roth IRAs, as well as SEP and SIMPLE plans for self-employed individuals.
  3. Core Portfolios: These are automated investment portfolios managed by E*TRADE's robo-advisor technology. They are designed for investors looking for a hands-off approach to investing.
  4. Managed Portfolios: These are personalized investment portfolios managed by professional portfolio managers. They are designed for investors who want a more customized approach to investing.
  5. Small Business accounts:E*TRADE offers several options for small business owners, including retirement plans and business brokerage accounts.

6. Bank accounts:E*TRADE also offers a range of banking products, including checking accounts, savings accounts, and mortgage loans.

Account Types

Fees

Traders with 0 to 29 trades per quarter will pay $0 for stock and options trades and $0.65 for options contracts. For traders with 30 or more trades per quarter, the futures contract fee is $0.50. Online secondary trading is subject to a fee of $1 per bond (minimum $10, maximum $250). Commission for trading futures contracts is $1.50 per contract and $19.99 for shared funds.

 Spreads &Commissions

Trading Platform

E*TRADE offers traders the Power E*TRADE trading platform, which can be used to trade stocks, options, and futures with ease of use and is certainly the most suitable trading platform if traders are keen to track markets and trading movements. Investors can also use E*TRADE, as well as the mobile version of the trading platform to trade.

Power E*TRADEis an innovative platform that features intuitive and easy-to-use tools for stocks, options, and futures trading. Here are its main features:

1. Charting tools that automatically populate charts with technical analysis patterns and education, making it easier for traders to analyze trends.

2. Traders can easily understand the probabilities of an option trade at a glance.

3. The platform offers historical charting with over 100 studies, 30+ drawing tools, and multiple chart types, providing traders with a wealth of data to analyze.

4. Risk analysis tools are available that help translate the options Greeks into plain English, enabling traders to assess potential risks and rewards.

Overall, Power E*TRADE is an ideal platform for traders passionate about tracking markets and trading, with a wide range of features and tools to suit their needs.

Power E*TRADE

E*TRADE is a well-established online investment platform that offers a wide range of tools for traders and investors. Here are some key features of the platform:

  1. Independent analyst research, quotes, news, and charts, providing traders with a wealth of information.
  2. Investing tools and screeners to spot emerging opportunities, helping traders to identify potential investment opportunities.
  3. Retirement planning and learning resources to help traders plan for the long-term and improve their investing skills.

Overall, E*TRADE is an excellent platform that offers a broad set of features and tools to help traders and investors achieve their financial goals.

E*TRADE

Conclusion

In conclusion, E*TRADE is a well-established online investment platform that provides traders and investors with a wide range of trading instruments, account types, trading platforms, and educational resources.

However, it is important to note that E*TRADEcurrently has no valid regulations, which may present potential risks for traders.

Therefore, traders should exercise caution and thoroughly research the broker before investing with them. Despite this, E*TRADE's Power E*TRADE trading platform and prebuilt portfolios make it a viable platform for those looking to invest in the financial markets.

FAQs

Is E*TRADE a regulated broker?

No, E*TRADE currently has no valid regulations.

What type of account can I open with E*TRADE?

E*TRADE offers a variety of account types to meet different needs, including brokerage accounts, retirement accounts, managed portfolios, and small business accounts.

Is there a minimum deposit requirement to open an account with E*TRADE?

No, E*TRADE does not have a minimum deposit requirement for their brokerage accounts.

What trading platforms does E*TRADE offer?

E*TRADE offers two different trading platforms, Power E*TRADE and E*TRADE, both of which provide advanced charting tools and other features to help traders.

Are there any fees associated with using E*TRADE?

Yes, E*TRADE charges various fees for different services, including commissions on trades, account maintenance fees, and other charges.

News

NewsE*Trade Futures Fined $75,000 by NFA for Rule Violations

The National Futures Association (NFA) has recently fined ETrade Futures LLC (ETrade) $75,000 for multiple violations of compliance rules. The decision was made by the NFA's Business Conduct Committee (BCC), following a complaint issued by the BCC and a settlement offer submitted by ETrade.

WikiFX
2023-03-06 10:54
E*Trade Futures Fined $75,000 by NFA for Rule Violations

NewsAll Mutual Fund Trading Commission Has Been Eliminated By E*Trade

"With E*TRADE being a member of the Morgan Stanley Wealth Management ecosystem, the whole really is greater than the parts, allowing us to provide best-of-breed solutions to the E*TRADE client base."

WikiFX
2022-12-14 18:05
All Mutual Fund Trading Commission Has Been Eliminated By E*Trade

NewsThe Easiest Ways to Become Rich in the Stock Market

Investing in the stock market is one of the finest methods to build money around the globe. One of the stock market's key advantages is that there are several methods to benefit from it.

WikiFX
2022-04-21 15:00
The Easiest Ways to Become Rich in the Stock Market

NewsApril 2022: Top Options Trading Brokers and Platforms

While the majority of the brokers on our list of the best brokers for stock trading are also excellent options brokers, this list concentrates on brokers that excel in areas that are crucial to options traders. Many of the brokers on this list are also on our list of the best online trading platforms for day trading.

WikiFX
2022-04-18 12:08
April 2022: Top Options Trading Brokers and Platforms

User Reviews

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David Wilson
more than one year
I experienced a floating loss of approximately $244.55 on my EURAUD positions, which were unexpectedly closed by E*TRADE several days ago. It appears that they may be intervening in traders' accounts. I have submitted a ticket to them and will provide an update on this situation once I receive a response.
I experienced a floating loss of approximately $244.55 on my EURAUD positions, which were unexpectedly closed by E*TRADE several days ago. It appears that they may be intervening in traders' accounts. I have submitted a ticket to them and will provide an update on this situation once I receive a response.
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2024-05-22 13:33
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铮 福
more than one year
This platform helped me flourish my trading skills. The advice provided by the personal account manager is remarkable and useful. The profits I made here are shocking. A wonderful site!
This platform helped me flourish my trading skills. The advice provided by the personal account manager is remarkable and useful. The profits I made here are shocking. A wonderful site!
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2023-02-23 12:29
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