E trade app review
There are two free mobile apps. Once you have activated your account and downloaded the app you have free rein to manage your account and enter and exit trades. To help you do that, you get:. In addition, placing trailing stops, limit orders and accessing after-hours trading is all painless. The OptionsHouse app boasts a sleek design and straightforward use.
Once you have your account login details, you get customised stock screening and third-party research ratings from within the app.
The ChartIQ engine is also used within the mobile apps. One useful feature this brings is that any note you add to a chart on Etrade Pro will appear on the same chart on your mobile device. This includes drawings, trendlines and channels. However, to utilise this feature you must already have access to Etrade Pro. Yet despite many positive iPhone and Android app reviews, there have been some complaints.
For example, the app supports just ten indicators, which is considerably below the industry average of Overall then, even for dummies, the mobile apps are quick and easy to get to grips with. Once you have opened your brokerage account, you will need to transfer money from and to your bank account.
You should be able to see how much is available for withdrawal directly from within your account. Note withdrawal times will vary depending on payment method. Financial investment and trading reviews are content with the current payment methods on offer, as they are fairly industry standard. Etrade offers a number of options in terms of accounts, from joint brokerage accounts to managed accounts.
The standard day trading brokerage account is relatively straightforward to set up. Simply head over to their homepage and follow the on-screen instructions. If you opt for an alternative account type, you may need to upload documents and meet other criteria. Unfortunately, Etrade does not offer a free demo account.
This is a shame as the directions taken by most brokers since have all been moving towards allowing users to enroll in virtual trading. They provide the perfect opportunity for novice traders to build confidence and learn how to react to market events, before risking real capital.
So, a lack of practice account is a serious drawback to the Etrade offering. Etrade reviews are quick to point out there are a number of valuable additional resources available.
In particular, conducting research is straightforward. Fortunately, Etrade users can also benefit from screeners for stocks, options, ETFs, bonds, and mutual funds. The stocks screener facilitates filtering by third-party ratings from its research partners. The main issue, however, is that many of the screeners are visually dated and therefore result in a less enjoyable user experience.
Fortunately, the education section is extensive. Traders can find articles, training videos, webinars, user guides, audio assistance and more. There is everything from the basics of comparing exchange rates and hotkeys to sophisticated options for uninvested cash. You can connect industry-leading applications directly into Etrade.
Alternatively, you can choose from a number of providers, including:. Used correctly robo advisors could help you bolster profits. You can simply execute far more trades than you ever could manually. However, as API reviews highlight, they do come with risks and require consistent monitoring.
Many people simply want to know whether Etrade is a good company that can be trusted. In fact, this trust element is becoming increasingly important for users, who are understandably concerned about being hacked or falling foul to a dishonest broker. That is why it is important to check your brokerage is properly regulated.
As a result, customers can relax knowing their capital will be safeguarded in a range of scenarios. But more importantly, Etrade will have to adhere to a range of rules and regulations designed to protect users. All of these factors have helped Etrade bolster their market capitalisation and highlight their benefits when compared to competitors, such as vs Interactive Brokers, Robinhood, Fidelity and Scottrade.
Despite the numerous benefits, customer and company reviews have also identified a number of downsides to bear in mind, including:. So, is Etrade a good deal? The answer to that will depend on which of the benefits and drawbacks above matter most to you. Etrade is neither good or bad in terms of trading hours. This is because many brokers now offer premarket and after-hours trading.
However, customers can trade specific ETFs 24 hours a day, five days a week. So, whether you hold a standard, business or international account, there are plenty of opportunities to speculate on markets. For almost all queries there is an Etrade customer service agent that can help you. Visit their homepage to find the contact phone number in your region. They should then be able to offer technical assistance if your account is not working or simply help you to logout.
In addition, you can access a customer service representative directly from your account. From there you can send secure messages and update any account information. You can even upload documents. Having said that, Etrade does try and encourage users to find their own answers by heading over to their FAQ page.
There you can find answers on how to close an account, Pro platform costs and information on extended hours trading. Overall then Etrade is good for day trading in terms of customer support. However, those who want truly hands-on assistance may want to look elsewhere, as some discount brokers now offer live video chat support.
Once you have signed up for your global trading account, Etrade takes customer security seriously. As a result, they use an external account verification system. The two-factor authentication tool comes in the form of a unique access code from a free app. You simply enter this when you type in your password each time. Some online stock brokers are known for their award-winning customer service while others are known for inexpensive stock trades or powerful trading tools. This guide will highlight some of the best brokers available today with tips and advice for choosing a broker.
Its platforms thinkorswim was 1 desktop platform , tools, mobile apps including Alexa Skill and Facebook Messenger bot , research, customer service 1 for phone support , and education 1 are all award winning. Get up to free trades for 2 years.
Fidelity is best known for its value driven customer experience. Beyond cost and ease of use, Fidelity also finished 1 for research tools. OptionsHouse has been rated the 1 platform for Options Trading the past seven years. Merrill Edge is the online broker of Bank of America and is available to all investors, regardless if they are a current BofA customer.
Like TD Ameritrade and ETRADE, Merrill Edge is well-rounded; however, it has a huge advantage over all other brokers thanks to its Preferred Rewards program where customers can earn free trades, credit cards bonus cash back, priority customer service, and more.
I have personally been using the program since it launched in With its competitive commission rates for stocks and options trading, investors who have previous market experience will find themselves right at home. However, unless you are already an Ally customer, you will find that there are better offerings available. Having the best stock broker to serve individual needs is very important for any investor.
For example, cheap trades most often come at the expense of less research tools and a more simplified trade platform. Consider these 12 key factors to help compare all stock brokers and ultimately find the best broker to suite your needs. Trade Commissions What does it cost to buy shares of stock? Does the fee change based on the type of order or size of order? To keep it simple, look for brokers that offer flat-fee trades, ie charging a flat rate regardless of the type, price of the stock, or size of the order.
Customer Service When picking up the phone or emailing a broker, is a well trained customer service representative ready to assist? How any investor is treated as a client is more important to some than others. Trading Tools Trading successfully is a lot easier when investors have great tools at their disposal. A top stock broker should offer access to a wide variety of trade tools to help make the most of each and every trade.
From real-time streaming quotes to last sale tickers, quality stock scanners, mobile trading apps, and level II quotes to name a few. Strong tools are essential for active investors.