Etrade: review and feedback about the veteran broker
Review of Etrade – a Leader in Online Trading in the USA
Etrade is one of the leading providers of online trading in the US financial markets. For over 40 years, the company has been serving over 5 million accounts, offering a wide range of financial services. In this review, we will examine the key aspects of this broker’s operations, the features of their trading platform, and client feedback on partnering with Etrade.
Main Information About Etrade Broker
E-Trade Financial Corporation, also known as Etrade, was founded in 1982 in California, USA, by two scientists – William Porter and Bernard Newcomb. The company conducted its first online exchange transaction in 1983, which was a catalyst for the development of online trading and independent investment management.
Today, Etrade employs over 4000 people, their main office is in New York, and the company has offices in 30 states in North America. Etrade has been awarded numerous accolades, such as “Best Broker for Binary Options Trading” and “Top Online Broker for Mutual Fund Investors.”
Etrade offers a wide selection of trading instruments and services for traders, including trading in mutual funds, binary options, shares of major American companies, indices, and other investments.
Features of the etrade.com Platform
The official website of Etrade is only available in English, which may be inconvenient for some users. However, it’s worth noting that only US citizens or residents can open an account on etrade.com.
The navigation on the etrade.com platform is very intuitive, with 6 main sections: “Account Types,” “Asset Selection,” “Investment Opportunities Updates,” “Trading,” “Pricing,” and “Education.” The site also provides various trading accounts and investment options for all categories of traders.
Etrade Trading Accounts and Services
Etrade offers its clients various trading accounts, including brokerage accounts, retirement accounts, customized investments, small business retirement exit accounts, and banking accounts. Each user can choose a suitable account option based on their financial goals.
Etrade provides brokerage services for trading:
- in mutual funds,
- in binary options,
- in shares of leading American companies,
- in exchange-traded fund indices,
- in investments in mutual funds,
- in bonds and CFDs,
- in futures contracts,
- in fixed-income securities.
User Reviews of Etrade
User opinions about Etrade vary – from positive reviews about services and functionality to negative comments about customer support and the complexity of using the site outside the US.
It is important to note that some clients encounter issues on the platform, such as system failures and glitches in trading operations, which sometimes lead to financial problems. However, Etrade remains a popular choice among traders, offering a wide range of services and investment opportunities.
Author: Rinata Kalinchuk
Conclusion of the Review
Etrade provides access to a wide range of financial services and investment opportunities for traders. The company has a long history of success, but some users note drawbacks such as high commissions and platform usability issues. Ultimately, the decision to partner with Etrade is at the discretion of each trader.
Etrade is a well-established broker offering a variety of trading options, though their fees may not be suitable for all investors.