But the broker does a good job serving both adequately:. Or check out Robinhood for no commissions at all. Investors on the hunt for a strong broker for beginners will find TD Ameritrade , Charles Schwab and Fidelity Investments to all be highly capable and investor-friendly. Bankrate is an independent, advertising-supported publisher and comparison service. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website.
This compensation may impact how, where and in what order products appear. Bankrate does not include all companies or all available products. Best For Active trading Robust trading platforms No-transaction-fee mutual funds E-Trade is a solid all-around pick for any investor, beginner to advanced. E-Trade was purchased by Morgan Stanley in and is being run as a separate unit.
Trading Platforms
Star Rating 4. Cost: 5 of 5 Accounts and trading: 4.
- Etrade desktop app strategy builder.
- Power E*TRADE Platform!
- E*TRADE ranks in the top 5 overall with terrific mobile apps;
- etrade pro level 2;
- Powerful, easy to use tools to seize opportunity!
Minimum Balance:. Funds without transaction fees The broker sits near the top for fund investors, too. Research and education E-Trade gets high marks here, too. Cost Per Trade Accounts and Trading. Fractional shares At E-Trade, you can reinvest your dividends into fractional shares. Bottom line E-Trade caters well to two different groups beginning investors and more-advanced traders that often have quite different needs and expectations. But the broker does a good job serving both adequately: A discounted options commissions with a reasonable threshold puts E-Trade among the leading online brokers for commissions.
The wide selection of no-transaction-fee mutual funds and research should be a boon for newer investors or those focused on long-term buy-and-hold investing with funds.
e*Trade Reviews
The high-quality trading platforms and range of available securities make the broker more interesting for active traders, too. It is and they don't even have the option to get a call back when it's your turn. If you get to someone and they can not help you, expect another hour or so wait Over an hour right now on a Saturday night when the market is closed and they should have very little phone volume.
The absolute most frustrating company I have ever dealt with I really don't understand how they are even in business????? I've been trying to get information for over a month and they refuse to give a straight answer on how to get your money back from them. I have opened up another account with a different trading company and can only hope I will get my money back. Do not trust this company! I decided to make a small deposit here to have some fun trading stocks.
- follow professional forex traders!
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- E*TRADE Review Pros, Cons and How It Compares - NerdWallet.
- Opening A Roth IRA AT E*Trade.
- Optionshouse Acquired By Etrade Position Trading For Dummies – Discovery Optometry.
Money was deposited, some stocks bought. About a week later I see my account in arrears for 10x what I deposited and that I had a cash call. I don't play options just simply buy and hold. I immediately called and waited an hour on hold and then another minutes waiting on a supervisor. I was told they would look into and a note would be placed so that the stocks I owned wouldn't be liquidated. You guessed it, 2 days later my money's stocks and money were gone. I'm now on the phone for the 3rd time on hold really waiting to see what's next. I guess it is off to a lawyer.
Mistakes happen. A true judgement on the company isn't on the mistake but how they handle it.
These guys get 0 stars for that. Sign up to receive our free weekly newsletter.
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We value your privacy. Unsubscribe easily. Find a financial advisor near you on SmartAsset Ad. How do I know I can trust these reviews about eTrade? Read full review. Get advice from finance professionals. Find a financial advisor near you on SmartAsset. Get trending consumer news and recalls. The company offers brokerage, retirement, core portfolio, managed portfolio and small business accounts, as well as traditional online banking accounts like checking and savings.
Yes, this platform is great for beginners. While unmanaged brokerage accounts have no minimum balance, managed options do. Sort: Top reviews. Additionally, both have robust online resources available to teach beginners about using the platforms, research stocks and more. TD Ameritrade also has two mobile apps. TD Ameritrade Mobile App has all the essentials that customers need to manage their accounts from their mobile devices. The app also interfaces with Apple Watches.
The second app, thinkorswim, is available on mobile and desktop devices and contains more trading tools that clients can use to make investment decisions.
ETRADE Review - Is This the Right Stock Broker for You?
TD Ameritrade is a turnkey financial product. It is a user-friendly program and free to use when purchasing stocks and ETFs. Additionally, there are no account minimums or base commissions to get started. Additionally, the company has intuitive platforms to help investors, whether novice or not , research stocks, place trades and manage their portfolios. They can benefit from a vast array of educational resources.