E*Trade Review & Link To Promotional Code!
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An Introduction To E*Trade
E*Trade is an inventive and original financial service company that offers user-friendly online investing, banking and brokerage services at a competitive and reasonable price. The company went public in 1996 after having been founded in 1992. E*Trade aims at providing individuals with powerful services, tools and products to meet all long term and short term trading and investing goals. E*Trade offers all such services through the internet as well as through its wide network of investment advisors, professionals and customer care representatives.
In this E*Trade review, I'll cover some of the most important account features to give you an idea of what they offer, and whether they're a good broker choice for your investment needs.
Also: Here's a link to the latest E*Trade promotion code!
Account Features (commissions, fees)
E*Trade offers a vast array of different pricings and commissions in order to help with all of your financial needs.
Stocks – If you execute 0-149 trades in a quarter, then a flat rate of $9.99 is charged. If you perform more than 149 trades, you are charged $7.99.
Options – Options trades follow the same pricing rate as stocks with an extra $0.75 for each contract.
Futures – E*Trade charges $2.99 for every futures contract.
Mutual Funds – E*Trade offers a flat rate of $19.99 for each mutual fund trade.
Other Adminstrative fees:
Electronic transfer returned for non-sufficient funds: $25
Returned check for non sufficient funds: $25 - $40
Fed call extensions: $25
Restricted securities custody: $150
Worthless securities processing: $5
Stop payment: $25
Check requests: $10 for each request
Check copies: $15 for each copy
Overnight mail: $20
Types of investments offered
Stocks – E*Trade is one of the leading stock trading firms in the market and offers a rate of $9.99 or $7.99 on their stocks depending on the number of trades you carry out in a quarter.
Options – Options trading is another key feature of E*Trade and they offer various new options on a weekly basis as well as a dedicated service team to help you in executing options trades.
Mutual funds – At E*Trade, you are offered as many as 7600 top mutual funds to choose from, along with each exchange traded fund or ETF sold.
Futures – E*Trade provides you with many products such as currencies, metals and indexes.
Pros & Cons
- Well developed and efficient tools for trading
- Effective banking products such as credit cards, CDs, money market accounts, saving accounts and checking accounts.
- Powerful and capable amenities and facilities for research
- No additional charge on extended hours trading, penny stocks and large orders
- No minimums with confirms and electronic statements and no IRA account fees
- High commissions and fees on all of their investment products
- Higher margin rates than other brokerage firms
- Complaints associated with customer service
Tools Offered/Research Amenities
E*Trade provides you with various tools for trading in order to enhance your trading and investing experience.
MarketTrader – This is a simple and convenient web based platform provided by E*Trade that lets you trade, track and research all from just a single page. It is thus a very effective tool for traders and investors alike.
Charts and Streaming Quotes – These help you stay up to date with the trading market and allows you to spot opportunities for profit and various trends to help you achieve your trading goals.
Power E*Trade Pro 5.0 – This feature includes cutting edge trading design and technology perfectly suited for active traders.
E*Trade Mobile Pro – This tool allows you to trade from anywhere and at any time through your Blackberry, iPad, iPhone or Android enabled phone.
Education/Customer Service
E*Trade offers quality educational services to help you become a better trader and investor. E*Trade provides various web seminars and videos at no charge along with personalized guidance, insights, commentary and an online advisor to help you get acquainted with the various aspects of online trading and become a better professional in the trading world.
Although some complaints have been lodged against E*Trade’s customer service, it still provides you with efficient customer care that can be accessed through the telephone as well as online.
Minimum to open an account
E*Trade charges a minimum balance of $1000 to open a cash account. A margin account charges a minimum balance of $2000.



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CZCZCZ Level 5 Commenter 8 days ago
I have used eTrade, but ended up preferring some of there other services versus the broker services because of the higher commissions and fees that you outline. The additional tools provided to average investors though is very helpful and my experiences with customer service were always fine so it is not as big of a negative in my book.