ETRADE Rated 3/5

ETRADE Guide - Read our In Depth 2023 ETRADE Review

This detailed ETRADE review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

Learn more about ETRADE.

Benefits of Trading with ETRADE

ETRADE Review 2023 Quick Summary
๐Ÿ’ฐ Min Deposit 100
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 10,000 ETRADE users and traders
๐Ÿ“† Founded 2012
๐ŸŒ HQ United States
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)
๐Ÿšซ Excluded Countries ETRADE is not available in the following countries :

Open ETRADE's Website

Your capital is at risk

Learn more about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is ETRADE?

ETRADE are a worldwide financial trading platform and broker. founded in 2012

Over 11 years later ETRADE now serves over 10,000 retail investors Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.

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

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this ETRADE review and assess how well the ETRADE platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like ETRADE. Choosing or shortlisting a trading platform like ETRADE can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like ETRADE.

As a result, selecting the right trading platform like ETRADE requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like ETRADE available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like ETRADE requires thorough due diligence and careful consideration. Some ETRADE trading features can be complex when trading on mobile or using the ETRADE online trading platform. Beginners and inexperienced traders must take the time to learn how to use the ETRADE trading tools properly. In our review of ETRADE we explain the pros and cons. What ETRADE offer, countries ETRADE are available in. Who ETRADE are regulated by and more.

ETRADE Review Screenshot

When it comes to online trading with brokers like ETRADE, carefully review ETRADE as your broker can make or break your success. Choosing the right broker is essential to ensure your ETRADE investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your ETRADE review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of ETRADE. You must also ensure the ETRADE broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, ETRADE needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with ETRADE into easily digestible information in this ETRADE review. We want to ensure you have all the knowledge necessary to use the ETRADE trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with ETRADE are the key to successful trading, so we've provided this detailed ETRADE review. So, take a seat, grab a cup of coffee, and dive in to learn about ETRADE and how it can benefit you or if ETRADE is not for you.

Online investing with ETRADE can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with ETRADE, evaluating the ETRADE platform is important. Evaluation includes researching the ETRADE management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with ETRADE. That's why it's essential to understand the ETRADE company policies and practices before making any investment decisions. By doing your due diligence and understanding ETRADE platform, you can make informed investment choices that align with your financial goals. So take the time to research ETRADE thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this ETRADE review you need to determine if ETRADE is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to ETRADE, so you can make a more informed decision and compare other brokers against ETRADE.

If you want to look at some ETRADE alternatives that might better fit your needs, we list and compare some of the best ETRADE alternatives further down this ETRADE review.

Don't be fooled by the misconception that online trading is easy with ETRADE. It can be challenging and requires significant research and understanding of the ETRADE trading tools and features. You must know what you are doing when trading with ETRADE. That's why we've compiled this detailed ETRADE review with some important information that will hopefully make you more informed when online trading with ETRADE.

ETRADE Review Table of Contents

ETRADE review
ETRADE is a Multi-Assets Trading Platform with over 87+ Assets

Learn more about ETRADE. ETRADE is a multi asset platform with 87+ tradable Assets. Assets available on ETRADE include Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

ETRADE trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing are considered financial assets.

Features of ETRADE

ETRADE review
What you should know

ETRADE offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing. The assets and products available to you on the ETRADE trading platform depends on the region of the world, you are in and the ETRADE entity you have an account.

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 considering ETRADE for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as ETRADE, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2012, and in operation for 11 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.

ETRADE withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like ETRADE are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. ETRADE are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of ETRADE and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. ETRADE has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, ETRADE will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like ETRADE, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If ETRADE violate any regulatory rules their regulated status could be stripped.

Your capital is at risk

Is my money safe with ETRADE?

All payments made to ETRADE by traders are securely held in a segregated bank account.

ETRADE uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should ETRADE use them?

ETRADE partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their ETRADE clients' funds.

ETRADE clients can have greater confidence in their financial security when working with a Tier 1 bank because ETRADE are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in ETRADE deposited in a Tier 1 bank?

Depositing funds with ETRADE ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if ETRADE were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that ETRADE is a secure and safe platform.

Please be aware that trading in financial assets with ETRADE carries a risk of loss. ETRADE trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

ETRADE emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about ETRADE, let's closely examine its features.

To better understand the ETRADE trading platform, you can create two separate accounts - one with real money and the other a ETRADE demo account. A ETRADE demo account provides a risk-free environment for experimenting with the ETRADE platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in ETRADE trading decisions.

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.

How ETRADE as a Company Compare Against Other Brokers

Broker e*trade IC Markets Roboforex eToro
Year Established 2012 2007 2009 2007
Head Office United States Australia Belize Cyprus, UK
Regulation Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ ETRADE users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit ETRADE Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

ETRADE review
ETRADE Pros and Cons

What we like about ETRADE

  • Used by over 10,000 ETRADE users and 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 review
ETRADE Regulation and Licensing in more detail

ETRADE is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of ETRADE going into insolvency. ETRADE compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like ETRADE to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for ETRADE traders.

ETRADE is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like ETRADE you should be sure they're legitimate online agent.

Is ETRADE Global?

Yes, ETRADE is global as ETRADE is available in over 194 countries.

ETRADE is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries ETRADE covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. ETRADE has a total of more than 10,000 users.

ETRADE review
ETRADE Fees Explained

  • ETRADE withdrawal fees varies on payment method
  • ETRADE does charge a fee for inactive accounts.
  • ETRADE does charge deposit fees.

ETRADE Costs To Check

Modern brokers like ETRADE provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, ETRADE may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall ETRADE trading profitability.

How ETRADE Fees Compare Against Other Brokers

Broker e*trade IC Markets Roboforex eToro
Min Deposit 100 200 10 50
Withdrawal Fees $20 No Yes Yes
Inactivity Fees No No Yes
Deposit Fees Varies No No
CFD Commission Fees Yes No Yes

ETRADE Minimum Deposit

ETRADE requires a minimum deposit of 100 GBP/USD/EUR when opening an ETRADE trading account.

A minimum deposit is the minimum amount of money required by ETRADE to open a new online brokerage account with them.

Don't be scared off by brokers like ETRADE charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like ETRADE, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

ETRADE Withdrawal Fees

The fees for withdrawing funds from your ETRADE account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your ETRADE withdrawal request is important.

ETRADE Withdrawal rules may vary across different brokers when it comes to transferring funds from your ETRADE or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with ETRADE may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the ETRADE withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from ETRADE. Researching and comparing ETRADE withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing ETRADE funds frequently or dealing with large sums of money. Awareness of these ETRADE fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your ETRADE funds.

For example, ETRADE allows you to withdraw your funds to Visa, MasterCard, American Express, Credit cards, payments, PayPal, Bank Wire transfer.

ETRADE Inactivity Fees

ETRADE does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by ETRADE terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all ETRADE fees and services. It's recommended that you check the ETRADE website before signing up. If you decide to close your ETRADE account, it's important to do so with the ETRADE broker customer support and obtain confirmation that no remaining ETRADE fees are due.

Brokers like ETRADE must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

ETRADE Deposit Fees

ETRADE do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

ETRADE Commission Fees

ETRADE does charge commission on CFD instruments.

Brokerage firms like ETRADE may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the ETRADE trading account level held by the trader.

ETRADE may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing ETRADE terms and conditions to understand the commission fees and any other charges that may apply is essential.

ETRADE review
What can you trade with ETRADE?

It's essential to note that the trading instruments offered under the ETRADE brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the ETRADE trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

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

If you want to trade currency pairs on global Forex markets, ETRADE offer over currency pairs.

ETRADE Compared To Other Brokers

Compare ETRADE with IC Markets and Roboforex below.

Your capital is at risk

How ETRADE Trading Options Compare Against Other Brokers

Broker e*trade IC Markets Roboforex eToro
Instruments Available 87 2250 100 5000
Platforms cTrader, SocialTrading, webPlatform, DesktopPlatform, Proprietary . MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 61 35 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies (availability subject to regulation) No Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals No Yes Yes Yes
Energies No Yes No Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 2100 0 2042
UK Shares Yes Yes Yes Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit ETRADE
Your capital is at risk
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
74% of retail investor accounts lose money when trading CFDs with this provider.

ETRADE review
Trading on ETRADE web platforms and other applications

ETRADE provides traders with a user-friendly custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so 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 trading apps help you stay on top of your trades and execute them on the go.

See ETRADE's platforms

Is the ETRADE Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the ETRADE trading platform to protect you on PC and mobile ETRADE platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using ETRADE web trading platforms.

ETRADE Trading Platform Options

After logging into your ETRADE account, you'll find a range of trading platform options available below.

  • cTrader

Please note that ETRADE does not support the popular MetaTrader 4 (MT4) trading platform. However, if you're looking for a broker offering MT4, you can explore other options available through various online platforms here.

Please be aware that ETRADE does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

Let's explore each of these trading platforms in detail and what options ETRADE gives you.

ETRADE review
ETRADE cTrader

ETRADE cTrader

ETRADE cTrader In Detail

ETRADE cTrader is a versatile trading platform supporting Forex and CFD brokerages. With various features, it caters to every investment taste.

ETRADE offers cTrader Premium Charting and Manual Trading Platform

ETRADE cTrader is a top-of-the-line multi-asset trading platform that provides advanced order types, charting tools, ETRADE level II pricing, and fast execution. The ETRADE cTrader platform's intuitive dashboard is accessible from various devices, making it a state-of-the-art infrastructure for ETRADE traders.

IC Markets cTrader

cTrader Copy available on ETRADE

ETRADE cTrader Copy empowers everyone on the ETRADE platform to share their investment and trading strategies for a fee or commission. ETRADE cTrader users can search and replicate the approaches available when investing. Furthermore, ETRADE traders can use their risk management configurations.

IC Markets cTrader Copy Trading

cTrader Automate available on ETRADE

cTrader Automate allows ETRADE traders to create algorithmic trading robots to automate financial trading plans. Dealers can use cTrader's contemporary C# API to write code within the ETRADE cTrader IDE, which allows developers to optimize and test their financial robots.

cTrader Open API available on ETRADE

Build your ETRADE trading software using cTraders Open API. It is a free, secure and publicly available API for all. ETRADE developers can use cTrader's mature infrastructure to construct desktop, mobile and online software. The open API allows ETRADE trading developers to interact and interface with any ETRADE cTrader account.

You can learn more about the cTrader Platform Here.

ETRADE Trading benefits

  • ETRADE Low min deposit

ETRADE Trading Accounts Offered

Below we give an overview of the account types that ETRADE offer. Whatever you are looking to trade, the varying ETRADE account types will be able to provide you with what you need.

  • ETRADE Demo account
  • ETRADE Standard account
  • ETRADE Islamic account

Can I try ETRADE?

ETRADE provides a demo account that enables individuals to explore trading before investing their funds. By creating a ETRADE practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the ETRADE demo account can help individuals to make informed decisions before investing their money.

Open a demo ETRADE account to practice and trade.

Your capital is at risk

ETRADE withdrawal and funding methods

It's essential to remember that the payment methods provided by ETRADE vary based on the ETRADE entity and the ETRADE client's country of residence. To view the ETRADE payment options available, you can log into your ETRADE member's area.

ETRADE offers various funding payment methods listed in your ETRADE dashboard if available in your region. To learn more about the ETRADE funding and withdrawal options available in your area, you can explore the ETRADE website.

ETRADE provides several payment methods for funding your ETRADE account. You may utilize any of these deposit options if they are available in your region. ETRADE ensures that users have multiple payment methods to choose from, making it more convenient for verified ETRADE account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the ETRADE user's location. learn more about ETRADE funding and withdrawal methods.

ETRADE Payment Methods

Some ETRADE payment methods are local and are available only to specific regions. ETRADE account holders should check which payment methods are provided in your region.
  • ETRADE accepts Visa
  • ETRADE accepts MasterCard
  • ETRADE accepts American Express
  • ETRADE accepts Credit cards
  • ETRADE accepts payments
  • ETRADE accepts PayPal
  • ETRADE accepts Bank Wire transfer
Broker e*trade IC Markets Roboforex eToro
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes No Yes
Skrill No Yes Yes Yes
Payoneer No No Yes No
Neteller No Yes Yes Yes

*please note available ETRADE and other broker payment methods depend on the clients country of residence.

How can I start trading with ETRADE?

To open a trading account with ETRADE, individuals can sign up on the ETRADE website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for ETRADE account validation and making a deposit. Once completed, ETRADE users can download the trading platform of their choice.

It's important to note that ETRADE requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps ETRADE maintain a trustworthy financial environment for its 10,000 users. Detailed information on the ETRADE trading platforms is available on their website.

Your capital is at risk

Performing trades with ETRADE

When using ETRADE, the minimum trade size is typically $6.95 units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. ETRADE have a max trade of varies.

ETRADE, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like ETRADE can be useful for traders starting or with limited capital.

Like other brokers, ETRADE margin requirements can differ depending on the traded instrument.

CFD Trading on ETRADE

We will show you an example of the basics of using ETRADE leverage.

CFD trading on ETRADE allows traders to speculate on the price movements of various financial instruments against the broker ETRADE, without actually owning real assets. With CFDs, ETRADE traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

ETRADE provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, ETRADE leverage profits and losses are magnified when trading. For instance, using CFDs, you use the ETRADE trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, ETRADE leverage magnifies both profits and losses in trading.

Trading CFD trades on the ETRADE platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced ETRADE traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Education Resources at ETRADE

To trade effectively with ETRADE, it's important to have a good understanding of the ETRADE trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with ETRADE and externally.

ETRADE . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with ETRADE. Familiarizing yourself with the ETRADE trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using ETRADE. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with ETRADE involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like ETRADE, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with ETRADE. Explore the ETRADE platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with ETRADE, before live trading.

Customer Support at ETRADE

As part of our ETRADE review, we review customer service options, response times and problem resolution effectiveness on the ETRADE trading platform. The ETRADE trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

ETRADE Available Support Types

Based on our experience, we have given ETRADE a D grade for customer support. We encountered some slow response times or ETRADE queries that were left unanswered.

Compared to other brokers, ETRADE offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

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 tested the email support of ETRADE by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any ETRADE response.

The ETRADE team did resolve and answer our queries, but the email support from ETRADE was overall average compared to other brokers we have tested.

Phone Support at ETRADE

We contacted ETRADE via phone and received quick assistance within 10 minutes of our call.

The ETRADE phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by ETRADE and found that they could assist us in various languages.

While we found the ETRADE phone support satisfactory, there is room for improvement in response time.

See how ETRADE Support Compares Against Other Brokers

Broker e*trade IC Markets Roboforex eToro
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
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Learn More Visit ETRADE Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider.

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).

As a new client of ETRADE, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with ETRADE in your region. During the ETRADE account opening process, you will be asked to provide ETRADE with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with ETRADE have the following documents available.

  • ETRADE require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for ETRADE compliance. This must be dated within the last six months.
  • If you plan to fund your ETRADE account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the ETRADE platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under ETRADE Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring ETRADE's platform.

However, remember that you won't be able to make trades on ETRADE until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the ETRADE KYC compliance process as soon as possible to avoid any delays in accessing the ETRADE platform's features.

It is important to note that ETRADE may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the ETRADE platform and features immediately. However, you must pass the verification process to start live trading with ETRADE, which can take up to a few business days.

To start the process of opening an account with ETRADE you can visit the ETRADE trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested 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 investment advice. All information collected from https://us.etrade.com/ on September 19, 2023.

Is ETRADE A Good Broker?

We have spent over 5 years examining ETRADE in depth. Although we found some very useful aspects of the ETRADE platform that would be useful to some traders. We feel that a alternative to ETRADE may better suit you.

  • ETRADE have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
  • ETRADE has a history of over 11 years.
  • ETRADE has a reasonable sized customer support of at least 10.
  • ETRADE are regulated by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). ETRADE is subject to strict regulatory oversight from its respective jurisdiction, which holds ETRADE (the broker) accountable for misconduct. This regulatory framework helps ensure that ETRADE operates fairly and transparently and provides ETRADE customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and ETRADE.
  • ETRADE have regulation from reputable regulators.
  • One of the advantages of using ETRADE is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from ETRADE are particularly important as ETRADE traders want to receive their money quickly. With the efficient ETRADE payment processing system, traders can enjoy faster access to their ETRADE funds.
  • ETRADE have an international presence in multiple countries. Including local ETRADE seminars and training.
  • ETRADE can hire people from various locations in the world who can better communicate in your local language.

ETRADE Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

ETRADE not quite right?

If after reading this ETRADE review, ETRADE does not fulfill your needs check out these ETRADE Alternatives.

Click here to view the best ETRADE Alternatives

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

After extensive research over several years, we have compiled a list of the most effective ETRADE alternatives available today. If you are unsatisfied with ETRADE or want to explore other options, we recommend checking out our carefully curated list of highly-rated ETRADE alternatives. Follow the links below to learn more about these ETRADE broker alternatives and choose the one that best suits your trading needs.

Related ETRADE Vs Comparisons

Throughout our comprehensive ETRADE review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing ETRADE against other popular brokers in the industry, check out our ETRADE Vs pages. Our team has compiled a series of detailed ETRADE comparison articles, pitting the ETRADE platform against some of the best-rated ETRADE competitors in the market. Dive into our informative ETRADE Vs pages below to find out how ETRADE stacks up against other leading brokers.

ETRADE review
ETRADE Frequently Asked Questions

Read our detailed ETRADE FAQ Section updated for 2023.

Can I try ETRADE?

ETRADE offer a demo account so you can try the ETRADE platform with virtual trading before you put down a payment. Virtual trading with ETRADE is zero risk. Learn more here

What funding methods do ETRADE accept?

Please note that the list of payment methods below depends on the ETRADE Entity and the client's Country of Residence.

ETRADE offer the following funding payment methods Visa, MasterCard, American Express, Credit cards, payments, PayPal, Bank Wire transfer, among other payment methods.
Learn more here

Your capital is at risk

Is ETRADE safe?

ETRADE have over 10,000 users. ETRADE are considered reliable 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 bank's financial health and strength.Trading with ETRADE is risky, and because the market is so volatile, losses could happen at any time.

Your capital is at risk

Is ETRADE trading good?

ETRADE is considered good and reputable to trade with ETRADE. ETRADE is used by over 10,000 traders and ETRADE users. ETRADE offers Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. Minimum deposit with ETRADE is 100.

Is ETRADE trading Legit?

ETRADE was founded in United States in 2012. ETRADE has been facilitating trade on the financial markets for over 11 years. ETRADE offers clients Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. All funds deposited to ETRADE are held in segregated 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 allows Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. 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.

Is ETRADE trustworthy broker?

ETRADE is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to ETRADE, money is in a segregated bank account that is separate from ETRADE company's funds. As a regulated broker, ETRADE cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by ETRADE. Instead, your ETRADE funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with ETRADE. Also ETRADE is regulated in its local jurisdictions including major financial regulators like 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 depending on the method but averages 1-5 days.

Is ETRADE regulated?

ETRADE is regulated by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). Regulatory bodies conduct regular reviews and audits as part of ETRADE maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is ETRADE a market maker?

ETRADE is not a market maker. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller 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. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on ETRADE trading platforms, you can follow the link provided below: Learn more about signing up with the ETRADE trading platform here. This will provide useful information and insights into the various trading platforms offered by ETRADE, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with ETRADE?

Yes your money is safe with ETRADE.

Overall, strict financial regulation is essential for ensuring that trading platforms like ETRADE operate fairly, transparently, and responsibly, which ultimately benefits all ETRADE stakeholders involved.

Trading platforms like ETRADE must have strict financial regulation for several reasons:

  • Protecting ETRADE Investors: Strict financial regulation ensures that investors who use the ETRADE trading platform are protected against fraudulent or unethical behavior by the ETRADE platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the ETRADE platform.
  • Maintaining ETRADE Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the ETRADE trading platform. Regulatory procedures reduce the likelihood of the ETRADE platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing ETRADE Transparency: Regulations require trading platforms like ETRADE to maintain detailed records and disclose ETRADE client information. Financial regulatory requirements enhances transparency and helps to build trust between the ETRADE platform and its investors.

ETRADE is regulated by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA). When selecting a broker such as ETRADE, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, ETRADE ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like ETRADE.

Is ETRADE a con?

ETRADE is regulated and well established, having been in business for over 11 years. ETRADE is 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 vary on payment method.ETRADE does charge a fee for inactive accounts. ETRADE do charge deposit fees.

When was ETRADE founded?

ETRADE was founded in 2012.

How many people use ETRADE?

ETRADE is used by over 10,000 registered ETRADE users.

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, 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 guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

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 ETRADE users and 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 an Islamic account.

What are the funding methods for ETRADE?

Please note that funding methods and options available with ETRADE can be found in the ETRADE Members area and depend on the ETRADE clientโ€™s country of residence. Please check your specific available payment methods on the ETRADE website. ETRADE accept the following funding methods : Visa, MasterCard, American Express, Credit cards, payments, PayPal, Bank Wire transfer.

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 editors, 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 of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, 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