E*TRADE, now part of Morgan Stanley, offers $0 commission trading with powerful Power E*TRADE platform for active and options traders.
✓ Pros
- $0 commissions
- Power E*TRADE platform
- Good options tools
- Morgan Stanley backing
✗ Cons
- Options $0.65/contract
- Customer service varies
- App can be complex
Fees & costs
- Min. deposit
- €$0
- Trading
- $0 for stocks and ETFs, options $0.65/contract (reduced with volume)
- Stock fee
- $0
- Spread
- N/A (commission-free equities)
- Deposits
- Free
- Withdrawals
- Free
- 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/contract.
Account opening steps
- 1.
Start Application
Visit etrade.com and click 'Open an Account' to begin
- 2.
Choose Account Type
Select from brokerage, IRA, or other account types
- 3.
Provide Personal Information
Enter your SSN, date of birth, and contact information
- 4.
Fund Your Account
Transfer funds via ACH, wire transfer, or check
- 5.
Start Trading
Access Power E*TRADE or the standard platform and begin trading
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 offer commission-free trading?
Yes, E*TRADE offers $0 commission trading on US stocks and ETFs. Options are $0.65 per contract, with reduced rates for high-volume traders.
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.