E*TRADE | What Is ETRADE All About?
ETRADE is simply an online stock brokerage firm that offers all investors the opportunity to buy and sell securities such as stock, future, options, mutual funds, bonds, forex and do online trading research without any interaction with a broker. until now investment of this kind was only possible by the big shots in the field. today these brokerage firms have made it possible for anyone to be a part of it.
The platform started back in the year 1982, it is one of the oldest online stock brokerages in the world today around. It is a full-service financial institution that provides customers with a great user-friendly platform, a great educational library, low-cost mutual funds, stellar retirement planning, free bank accounts, automatic investing (“Robo-advising”), and 24/7 customer service. You must also remember that there are online stock brokers out there that are as good as E*Trade in terms of customer service and investor education but have cheaper fees and no minimum deposit requirements.
The ETRADE online platform has created very easy-to-use tools that allow users to maximize their trading experience. With these tools you can watch, trade, monitor stocks and even view the overall performance analytics.
It is good to note at this point that the ETRADE provides mobile trading apps (Apple IOS, Apple Watch, Amazon Fire Phone, Kindle Fire, Windows phone, and Android phone and tablet) with impressive features than most brokers offer.
ETRADE’s fees are not so high for the online options trading industry. You can pay a token of $9.99 for the standard trade fee plus $0.75 per options contract, but the $9.99 reduces to $7.99 when you make more than 150 trades per calendar quarter.
This fee is cheaper than many other options brokers like Charles Schwab, TD Ameritrade, and Fidelity but it is not the cheapest. The fee for an exercise is $19.99, which is one of the higher prices I saw for these fees, but the $25 broker-assisted fee is average