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Broker review
Traditional

E*TRADE

Founded 1982 Headquartered United States ✓ SEC · FINRA · CFTC

E*TRADE, part of Morgan Stanley, charges $0 commission on online trades in US-listed stocks and ETFs (options: $0.65 per contract). The Power E*TRADE platform is aimed at active and options traders.

✓ Pros
  • $0 commission on online US-listed stock and ETF trades
  • Power E*TRADE platform
  • Options tools
  • Part of Morgan Stanley
✗ Cons
  • Options $0.65 per contract
  • Extra fees, such as regulatory fees and OTC stocks ($6.95)
  • Aimed at US-based investors

Fees & costs

Min. deposit
€$0
Trading
$0 online for US-listed stocks and ETFs; options $0.65/contract ($0.50 with 30+ trades per quarter) plus regulatory fees; OTC stocks $6.95
Stock fee
$0
Spread
N/A ($0 online commission on US-listed stocks)
Deposits
Free
Withdrawals
Free via ACH; $25 wire transfer
Inactivity
None

Platforms & features

✓
Power E*TRADE
Advanced web and mobile platform for active traders
✓
Mobile App
Full-featured iOS and Android trading apps
✓
Paper Trading
Practice trading with virtual money
✓
Options Analysis Tools
Advanced options chains and strategy builders
✓
Prebuilt Portfolios
Professionally managed portfolios for hands-off investing
✓
Banking Services
Checking and savings accounts through Morgan Stanley

Who this fits best

✓ Active traders✓ Options traders✓ self_directed_investors

Note: options $0.65 per contract.

Account opening steps

  1. 1.

    Start Application

    Visit etrade.com and click 'Open an Account' to begin

  2. 2.

    Choose Account Type

    Select from brokerage, IRA, or other account types

  3. 3.

    Provide Personal Information

    Enter your SSN, date of birth, and contact information

  4. 4.

    Fund Your Account

    Transfer funds via ACH, wire transfer, or check

  5. 5.

    Start Trading

    Access Power E*TRADE or the standard platform and begin trading

Editorial review

E*TRADE is een Amerikaanse online broker, opgericht in 1982 en onderdeel van Morgan Stanley. De broker staat onder toezicht van de SEC, FINRA en CFTC. Online handelen in Amerikaanse aandelen en ETF's kost $0 commissie; opties kosten $0,65 per contract ($0,50 bij 30 of meer trades per kwartaal). Er kunnen wel andere kosten bijkomen, zoals wettelijke kosten bij verkopen. OTC-aandelen kosten $6,95 per trade. Het platform is beschikbaar via web, iOS, Android en het geavanceerde Power E*TRADE-platform, dat specifiek is ontwikkeld voor actieve traders en optiestrategen.

Power E*TRADE biedt uitgebreide optiescreeners, risicoanalysetools en papierhandel om strategieën te testen zonder echt kapitaal. De integratie met Morgan Stanley geeft toegang tot uitgebreid beleggingsonderzoek. E*TRADE ondersteunt aandelen, ETF's, opties, futures, obligaties en beleggingsfondsen — een breed scala voor de serieuze belegger die alles op één plek wil.

Opties kosten per contract, dus de kosten lopen op bij veel contracten. Het platform heeft veel functies en kan daardoor ingewikkeld zijn voor beginners. E*TRADE richt zich op beleggers in de VS; of je als inwoner van Nederland een rekening kunt openen, staat niet op de website van de broker. Vraag dit eerst na bij E*TRADE.

Frequently asked

Is E*TRADE owned by Morgan Stanley?
Yes, Morgan Stanley acquired E*TRADE in 2020. E*TRADE continues to operate as a separate brand with its own platforms and services.
What is Power E*TRADE?
Power E*TRADE is E*TRADE's advanced trading platform designed for active traders. It offers real-time streaming quotes, advanced charting, options analysis tools, and paper trading.
Does E*TRADE charge commission on trades?
Online trades in US-listed stocks and ETFs have $0 commission. Options are $0.65 per contract ($0.50 with 30 or more trades per quarter). Other fees can apply, such as regulatory fees on sales, and OTC stocks cost $6.95 per trade.
What is the minimum deposit at E*TRADE?
E*TRADE has no minimum deposit requirement for standard brokerage accounts. Some managed accounts may have minimums.
Does E*TRADE offer paper trading?
Yes, E*TRADE offers paper trading through the Power E*TRADE platform, allowing you to practice trading strategies with virtual money.
Can I trade options at E*TRADE?
Yes, E*TRADE is known for its strong options trading capabilities with advanced analysis tools, strategy builders, and educational resources.
What retirement accounts does E*TRADE offer?
E*TRADE offers Traditional IRA, Roth IRA, Rollover IRA, SEP IRA, and beneficiary IRA accounts.

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