E*TRADE From Morgan Stanley

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Fees:

  • $0 Commissions: No fees for U.S.-listed stock, ETF, and mutual fund trades.
  • Options Fees: $0.65 per options contract (reduced to $0.50 for traders who make at least 30 trades per quarter).
  • Futures Trading: $1.50 per contract, plus exchange fees.
  • Managed Portfolios: E*TRADE’s Core Portfolios have an annual advisory fee of 0.30%, with a minimum balance of $500.
  • Broker-Assisted Trades: $25 for trades placed through a broker.

Offer:

  • Promotional Offer: New clients who open and fund an account by January 31, 2025, can receive up to $1,000 depending on the qualifying deposit.
  • Minimum Deposit Required: A minimum deposit of $1,000 is required to qualify.
  • Promo Code: Use promo code OFFER24 to take advantage of this offer.

Trading Platforms:

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eTrade Logo
  • Commission-Free Trading: $0 commissions on U.S.-listed stocks, ETFs, mutual funds, and options trades.
  • Diverse Investment Options: Wide range of assets, including stocks, bonds, ETFs, mutual funds, and futures.
  • Advanced Platforms: Offers ETRADE for general users and Power ETRADE with advanced tools for active traders.
Features
  • Commission-Free Trading: E*TRADE offers $0 commissions for online U.S.-listed stock, ETF, mutual fund, and options trades, making it highly appealing for retail investors.
  • Wide Range of Investment Options: Users can invest in stocks, options, ETFs, mutual funds, bonds, CDs, futures, and prebuilt portfolios, providing extensive diversity for portfolio building.
  • Multiple Platforms: ETRADE offers the standard ETRADE platform as well as Power E*TRADE, which includes advanced charting and technical analysis tools tailored to active traders.
  • Core and Managed Portfolios: E*TRADE provides both core automated portfolios and professionally managed portfolios, with an annual advisory fee of 0.30% and a minimum balance of $500 for the Core Portfolio.
  • Retirement Accounts: E*TRADE offers a variety of retirement accounts, including IRAs, Roth IRAs, and small business retirement plans.
  • Research and Insights: Access to comprehensive market research and analysis through Morgan Stanley’s equity research services, along with timely insights and trading ideas.
  • Advanced Trading Tools: Power E*TRADE delivers an advanced platform with robust trading tools, including options analytics, futures trading, and risk management tools.
Details

ETRADE, now part of Morgan Stanley, is a well-established online brokerage offering a wide variety of investment products and services, including commission-free trading for U.S.-listed stocks, ETFs, and options. The platform caters to a broad range of investors, from beginners to active traders, with intuitive tools, powerful platforms, and in-depth research provided by Morgan Stanley. ETRADE’s advanced tools, along with its educational content and retirement planning resources, make it a one-stop platform for traders and investors of all levels.

Pros
  • Commission-Free Trading: Offers $0 commissions on U.S.-listed stocks, ETFs, mutual funds, and options trades, which is highly beneficial for both casual and frequent investors.
  • Powerful Trading Platforms: ETRADE’s platforms, including Power ETRADE, cater to both beginner and advanced traders, offering a variety of features such as risk analysis and technical charting.
  • Diverse Investment Products: A wide selection of assets, including stocks, bonds, options, mutual funds, and futures, allows for diverse portfolio management.
  • Comprehensive Research and Tools: Provides access to top-tier research from Morgan Stanley, as well as advanced trading tools for active traders.
  • No Account Minimums: E*TRADE does not require an account minimum for its standard brokerage accounts.
Cons
  • Options Trading Fees: While stock and ETF trades are commission-free, options trades incur a fee of $0.65 per contract (or $0.50 for active traders), which could add up for frequent options traders.
  • Complexity for Beginners: The advanced tools and research may be overwhelming for new investors who may not need all the functionalities offered.
  • Fees on Broker-Assisted Trades: Trades placed through a broker incur a $25 fee, which could be costly for users who prefer hands-on support.
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Disclosure

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Users are encouraged to carefully review the terms and conditions, fees, and features of any financial product to ensure it aligns with their individual financial goals and risk tolerance. Investing involves risks, and past performance does not guarantee future results.

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