What is E*TRADE?
E*TRADE is a well-known online brokerage firm that provides a platform for trading stocks, options, ETFs, and mutual funds.
When did it start operations?
E*TRADE was founded in 1982.
Where is its headquarters?
The company is headquartered in New York City, United States.
In which countries is it banned?
E*TRADE primarily serves U.S. customers and may have restrictions in other countries, particularly those with stringent financial regulations.
Pros and Cons
Advantages:
- Comprehensive trading tools and resources.
- User-friendly mobile and desktop platforms.
- No commission fees for stock and ETF trades.
- Extensive educational materials for investors.
Disadvantages:
- Limited international trading options.
- Higher fees for options trading compared to some competitors.
- May not be suitable for high-frequency traders due to platform limitations.
Trading Instruments
What instruments can I trade?
You can trade various instruments, including:
- Stocks
- Options
- ETFs (Exchange-Traded Funds)
- Mutual funds
Fees
What are the trading fees?
E*TRADE charges $0 for stock and ETF trades. Options trading has a fee of $0.65 per contract, with lower fees available for high-volume traders.
Scalping
Does it allow scalping?
Yes, E*TRADE allows scalping strategies on its trading platform.
Trading Platform
Is there a trading platform?
Yes, ETRADE offers a proprietary trading platform known as ETRADE Pro, as well as a mobile app for trading on the go.
Margin Trading
Is there leveraged or margin trading?
Yes, E*TRADE offers margin trading with leverage options, allowing traders to borrow funds to increase their buying power. Specific leverage ratios can vary based on the asset class and account type.
