E * Trade’s fee structure is primarily geared towards larger investors. The broker offers its customers various volume discounts. Stock trading starts at $ 7.99 each. However, this price only applies if a minimum of 150 orders are placed per quarter. The regular price is $ 9.99. From 1,500 orders, there’s another lower cost of 6.99 US dollars. Additionally, there’s a flat fee of $ 0.75 no matter the trading volume.
The ETFs, which are very fashionable with traders, are often regularly traded for $ 9.99. there’s also a discount for quite 150 orders per quarter. The reduced fee is $ 7.99. The E * Trade test also found quite 100 ETFs that were offered completely freed from charge.
For futures, E * Trade charges a flat fee of $ 2.99 per contract. this is applicable no matter the trading volume. In addition, there are the fees of the respective futures market. The fees for bonds are relatively low at US $ 1. Please note a minimum fee of 10 US dollars. the utmost charge is $ 250.
In my E * Trade experience, the broker is especially worthwhile for traders with large trading volumes. If you simply want to trade now then, you’ll find significantly better conditions with other brokers like Flatex or Degiro.
E * Trade Account Overview
The standard E * Trade account is available with a minimum deposit of $ 500. This gives customers access to the broker’s complete trading offer. In addition, traders can take part in free webinars and use the entire educational offer with videos and other instructions.
Overview of the services of the standard account:
- Trading stocks , bonds , mutual funds, exchange traded funds (ETFs)
- More than 80 commission-free ETFs tradable
- Minimum deposit $ 500
- Trading platform with numerous features and analysis options
- Large selection of training opportunities
Anyone who places at least 10 orders per month or 30 per quarter automatically receives the Power E * Trade account. The benefits include advanced trading tools as well as additional charts and analysis options.
Open A Trading Account With E * Trade
Opening a trading account is fast and easy. As with most brokers, this process is fully digital. In my E * Trade experience, only the most important personal data is requested when registering. To make it easier for you to get started, I have created a small step-by-step guide.
Step 1: As usual, the button to open an account is located at the top right of the website. Here just click on “Open an account”.
Step 2: The next step is to determine which account should be opened.
Step 3: Further information on the account is then required. Just keep the default settings here. In addition, enter the first and last name.
Step 4: Now fill out the rest of the online form completely. In addition to personal information, details of the financial status and previous trading experience are required.
Step 5: The information you have given is then clearly displayed again. If everything is correct, simply confirm this and the trading account is opened directly.
The competent and easily accessible customer service is one of the positive E * Trade experiences. If you have any questions or problems, support is available around the clock, 365 days a year. Traders can contact them via live chat . There are not any costs for this and therefore the waiting time is extremely short and the staff is very friendly. Alternatively, customer support are often contacted at any time by email. The broker guarantees a processing time of a maximum of 48 hours. As my E * Trade experiences show, this period is really adhered to.
Questions & Answers about E * Trade
Where is the broker headquartered?
E * Trade is headquartered in London / UK.
Does E * Trade have a training offer available?
Yes, E * Trade provides webinars and videos, among other things.
Which trading products does E * Trade offer?
At E * Trade you can trade stocks, bonds, certificates, warrants, futures or ETFs, among other things.
E * Trade has shown itself to be a really reliable and high broker. one among the pluses is that the large selection of tradable values. As far because the conditions are concerned, ETrade is especially interesting for active traders. For traders with quite 150 orders per quarter, the broker offers very low fees. The trading platform is clearly laid out and may be set individually consistent with personal wishes. Another plus point is that the competent customer service that’s available round the clock.
No reviews yet