ETRADE Review 2020

ETRADE Rated 3/5
learn more Learn more about eToro. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

ETRADE Guide

ETRADE are an online broker founded in 2012 offering Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

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

ETRADE have a listed stock symbol. This means that ETRADE have publically listed and you can officially buy shares in ETRADE on one of the worlds global market exchanges.

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

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of ETRADE we break down 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.

Benefits of trading with ETRADE

  • Regulated by: Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)
  • Headquarters Country : United States
  • Foundation year 2012
  • Min Deposit : 100
  • Used by over 10,000 traders
  • ETRADE is not available in the following countries :
Open ETRADE's Website

Your capital is at risk

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

With this 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.

ETRADE Review Table of Contents

ETRADE what you should know

ETRADE offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

With ETRADE you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with ETRADE platform.

ETRADE are able to accommodate various levels of traders whether you are experienced or a beginner.


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 8 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.

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.

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.

Open a demo account Visit ETRADE

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker e*trade eToro XTB Pepperstone
Year Established 2012 2006 2002 2010
Head Office United States Cyprus, UK Poland Australia
Regulation Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Used By 10,000+ 10,000+ 250,000+ 10,000+
Negative balance protection No Yes Yes
Guaranteed Stop Loss No Yes No
Learn More Visit ETRADE Visit eToro Visit XTB Visit Pepperstone
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

ETRADE Pros and Cons

What we like about ETRADE

  • Used by over 10,000 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

ETRADE Financial Regulation and Supervision 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 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.

ETRADE is 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.

ETRADE General Fees

  • ETRADE withdrawal fees varies on payment method
  • ETRADE does charge inactivity fees
  • ETRADE does charge deposit fees
Broker e*trade eToro XTB Pepperstone
Min Deposit 100 200 0 200
Withdrawl Fees $20 Yes varies No
Inactivity Fees Yes No Yes
Deposit Fees No No No
CFD Commission Fees No Yes Yes

ETRADE Commissions

  • ETRADE does charge commission on CFD instruments.

What can you trade with ETRADE?

You can trade a wide variety of instruments with ETRADE over 87 instruments infact.

If you are looking at trading currency pairs ETRADE offer over currency pairs.

Compare ETRADE with eToro and XTB below.

Your capital is at risk

Broker e*trade eToro XTB Pepperstone
Instruments Available 87 100 1,500 100
Platforms cTrader, SocialTrading, webPlatform, DesktopPlatform, Proprietary . Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit ETRADE Visit eToro Visit XTB Visit Pepperstone
Forex pairs offered 50 50 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit ETRADE Visit eToro Visit XTB Visit Pepperstone
Commodities Offered 0 0 21 16
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes No
Indiced & Stock CFDs Visit ETRADE Visit eToro Visit XTB Visit Pepperstone
Stocks Offered 957 1696 60
UK Shares Yes Yes Yes No
US Shares No Yes Yes No
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes No

Trading on ETRADE web platforms and other applications

ETRADE offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

ETRADE is one of a handful of brokers that offer the cTrader platform developed for traders. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.

ETRADE also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See e*trade's platforms

ETRADE Trading benefits :

  • Low min deposit

ETRADE Trading Accounts Offered :

  • Demo account
  • Standard account
  • Islamic account

Can I try ETRADE before I buy?

ETRADE offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

ETRADE withdrawl and funding methods.

ETRADE offer the below funding payment methods. learn more about ETRADE

  • Credit cards
  • Skrill
  • Neteller
Broker e*trade eToro XTB Pepperstone
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes Yes Yes
Neteller Yes Yes Yes Yes

How can I start trading with ETRADE?

When opening a trading account with ETRADE, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ETRADE trading platforms here.

Performing trades with ETRADE

ETRADE allow you to execute a minimum of trade of $6.95. This may vary depending on the account you open. ETRADE allow you to execute a maxium trade of varies.

As a market maker, ETRADE may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

ETRADE Leverage and ETRADE CFDs Explained

let's take a look at some of the basics of using ETRADE leverage.

ETRADE offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

ETRADE leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the ETRADE trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The ETRADE leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

ETRADE CFDs are typically used for short to medium term trades. For example ETRADE intraday trading.

Education resources at ETRADE

To trade effectively with ETRADE, it's important to get a have a good understanding of the ETRADE trading tools and the markets.

ETRADE offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with ETRADE.

Take time to look around the ETRADE platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at ETRADE

ETRADE support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

ETRADE have a D grade support rating because because sometimes the response was slow or our query wasnt answered. ETRADE less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at ETRADE

ETRADE does not offer LiveChat Support.

Email Support at ETRADE

We sent several emails to ETRADE and answer times overall were excellent. The fastest response from ETRADE was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with ETRADE, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from ETRADE.

Phone Support at ETRADE

We called ETRADE and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The ETRADE phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual ETRADE team by calling in varying languages. ETRADE made an effort to make sure our queries were answered.

Overall the phone support from ETRADE was okay.

See how ETRADE Support Compares Against Other Brokers

Broker e*trade eToro XTB Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit ETRADE Visit eToro Visit XTB Visit Pepperstone
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with ETRADE

As ETRADE is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore ETRADE's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with ETRADE you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://us.etrade.com/ on 12th August 2018.

Is ETRADE A Good Broker?

We spent over 3 months examining ETRADE in depth. Although we found some very useful aspects of the ETRADE platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative ETRADE broker.

  • ETRADE have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
  • ETRADE has a history of over 28 years.
  • ETRADE has a reasonable sized customer support of at least 10.
  • ETRADE are regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). This means ETRADE fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • ETRADE have regulation from a Tier 1 reputable country.
  • ETRADE has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • ETRADE have an international presence in multiple countries. This includes local ETRADE seminars and training.
  • ETRADE are able to hire people from various locations in the world who can better communicate in your local language.

ETRADE Risk Disclaimer

Your capital is at risk

ETRADE not quite right?

Check out these ETRADE Alternatives

We have spent years researching the best alternatives to ETRADE. Click the links below to learn more.

If you feel some of the above ETRADE are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of ETRADE alternatives below.

Related ETRADE Comparisons

If you would like to see how ETRADE stands up against other brokers you can read some of our ETRADE comparisons below. We compare side by side some of our top rated ETRADE versus comparisons. Read some indepth ETRADE VS pages below.

ETRADE Frequently Asked Questions

Can I try ETRADE before I buy?

ETRADE offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do ETRADE accept?

ETRADE offer the following funding payment methods accept Credit cards, Skrill, Neteller, among other payment methods.
Learn more here

Your capital is at risk

Is ETRADE safe?

ETRADE are considered safe as they are regulated by and checked for conduct by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). 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.

Is ETRADE trading good?

ETRADE is considered good and reputable to trade with. ETRADEETRADE is used by over ETRADE active traders. ETRADE offers Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading. Minimum deposit with ETRADE is mindeposit.

Is ETRADE trading Legit?

ETRADE was founded in United States in 2012. ETRADE has been facilitating trade on the financial markets for over 8 years. ETRADE offers clients Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading. All funds deposited to ETRADE are held in segregated tier 1 bank accounts for security. ETRADE is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) so can be considered legit.

Is ETRADE a good broker?

ETRADE is overseen by the top tier financial regulators Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) so can be considered a good broker.ETRADE allows Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

Is ETRADE trustworthy broker?

ETRADE can be considered trustworthy. All money funded to ETRADE is placed into a segregated tier 1 bank account. this means your money in not held by ETRADE directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also ETRADE is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).

What is the minimum deposit for ETRADE?

The minimum deposit to trade with ETRADE is 100.

How long do ETRADE withdrawals take?

Withdrawing money from ETRADE processing time varies but averages 2-5 days.

Is ETRADE regulated?

ETRADE is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).

Is ETRADE a market maker?

ETRADE is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with ETRADE?

When opening a trading account with ETRADE, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ETRADE trading platforms here.

Is my money safe with ETRADE?

ETRADE is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). One of the most important criteria for traders when choosing a broker like ETRADE is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

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

Is ETRADE a con?

ETRADE is regulated and well established having been in business for over 8 years. ETRADE is definitely not a con.

Can you make money with ETRADE?

Although traders have had great success with ETRADE. Trading on the financial markets with ETRADE is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does ETRADE have fees?

ETRADE withdrawal fees varies on payment method. ETRADE does charge inactivity fees. ETRADE does charge deposit fees.

When was ETRADE founded?

ETRADE was founded in 2012.

How many people use ETRADE?

ETRADE is used by over 10000 registered traders.

What is ETRADE Headquarters country?

ETRADE has its head quarters office in United States.

Does ETRADE offer negative balance protection?

ETRADE does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does ETRADE offer guaranteed stop loss?

ETRADE does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price.

Does ETRADE allow scalping?

ETRADE does not offer scalping.

Does ETRADE allow hedging?

ETRADE does not offer hedging.

Does ETRADE offer CFD trading?

ETRADE offers CFD trading.

Does ETRADE offer STP?

ETRADE does not offer STP trading.

How many people use ETRADE?

ETRADE is used by over 10000 traders.

Is ETRADE an ECN broker?

ETRADE does not offer ECN trading.

Does ETRADE offer a demo account?

ETRADE offers a demo account.

Does ETRADE offer an Islamic account?

ETRADE offers a Islamic accounts.

What are the funding methods for ETRADE?

ETRADE accept the following funding methods : Credit cards, Skrill, Neteller,

ETRADE review written by Andrew Blumer and Mark Hansen

We hope you found our review of the ETRADE brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

ETRADE review written by Mark Hansen of Comparebrokers.co