The new version shows gain/loss performance as 0.0 after market close. While I get there are security concerns, this is making it impossible to act on current drops. I complained to the CEO of etrade. And remember that you can listen to CreditDonkey Radio any time. No longer trust them with my account. This was very alarming to me and I felt like they were attacking my character as an honest person and someone who merely wanted to do business with them as a retailer. Im disappointed I have even had to put up with this. What a joke. buy bitcoin but (like 5 Crypto exchange its Bitcoin trading service E*Trade. Or invest in their stock. Here are a few of the fees that are significant to online investors: Opening the account: If you do decide to do business with E*TRADE, you need a minimum of $500 to open a brokerage account. Etrade offers several options for investing: by yourself, with help or professionally managed. See how E*TRADE can help you take control of your investments online. My guess is nothing. While this doesn’t add up to a lot of money, a 2.5% discount can amount to a fair chunk of change if you have a lot of shares or if you hold that equity for a long time. I'm stuck for now until I'm in the green, after that I'll be off to another platform. I hope something is done soon or I will be taking my business elsewhere. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). I’m happy with E*TRADE and agree the previous app needed a redesign. The previous version of the app was the reason I have been with E*TRADE for years. Now they're closed for the holiday weekend and I still can't access my account to trade. This app is not smooth/jerky, freezes continually, will close itself randomly, occasionally gives you incorrect live bid/asks. Terms Apply. But does the fact that it's such a recognized name mean it's that much better than its competitors? Read, compare, and learn whether this is the right platform for you. A $0.65 per contract fee applies for options trades, with no exercise or assignment fees. This has consumed multiple hours of aggravation; having to appraise each new customer support individual of the issues at hand, and being placed on hold or transferred to individuals unable to resolve these issues as they have arisen. It required me to deposit funds into my account to open the account for which I deposited 1k. professional language. My review may go up if the ap is great and future deposits are faster. ETrade is a full service securities brokerage who offers securities from 77 international markets. The home page shows a “market movers” tab which is interesting, but I am more concerned with my own portfolio watch list and the index chart that showed when you opened the old app. CreditDonkey may earn compensation for accounts opened at TD Ameritrade. What’s improved - is you can view and sell individual tax lots and fractional shares from the app which you couldn’t do before. I applaud the advanced options of the new, however the font and icons are thin and light, with no contrast or borders of separation. I was a customer with E-trade indirectly through various companies and their stock programs. eTrade’s customer service may usually be good, but I have been given the run-around on reimbursement of reorganization fees for lopsided stocks. Etrade is a very untrustworthy firm. Now, it is a jumbled mess to move between accounts and view positions. If you're on the go and see a company you're considering investing in, the mobile app allows for barcode scanning to access information about the company. Advanced charting, margins, friendly customer support. This more sophisticated, customizable desktop platform has technologically advanced trade tools that are not available on the basic brokerage site. I was thinking about getting an ap to trade with and a bank account to get a little better interest in. You can also manage your accounts and get free real-time quotes, news, and charts. Guess what, 3-5 day wait for a response. by Matthew, Another call went into the black hole. You have been warned. If you're someone who plans to make a few stock, mutual fund, or ETF purchases and hold them, E*TRADE is an easy-to-navigate, user-friendly platform that provides you with all the information and tools you need. 1/20/2021. So I could see why they would be suspicious. E*TRADE is a good place to start your first IRA investment because there are no annual fees and no account minimums. I cover the intersection of money and everyday life, I cover the intersection of money, career, and entrepreneurship, Transfer Your Account and Earn Up to $2,500. by Kevin, Disclaimer: Your review, broker rating, pros and complaints information must be honest. I was locked out of my account during an extremely volatile time in the market but could not access my account to protect my assets. 5/20/2020. I was a victim of identify fraud and theft from my account at Etrade. Everything is wrong. Every dollar counts, so why go to a brokerage firm that isn’t willing to work for you? Im running an iphone 11 which is currently best phone on market. This is because the pricing is tiered, so the more trades you make the cheaper it will be. Let's find out. UPDATE: after using it a few days and trying to navigate through the changes I am getting better at it and still not impressed. I am now advised by the sending bank that the funds were transferred successfully to my (now closed) E-trade account; and they have provided a federal trace number as evidence. Each call 30 - 45 minutes got no answer. A BIGGER ISSUE however is the constantly INCORRECT account value and daily gain displayed in my portfolio and for individual positions. Placing a trade on this app is a painful experience compared to Ameritrade Think-Or-Swim or some of the newest players in mobile trading, like WeBull. Hold time to speak with a person is measured in hours not minutes. "Among the first brokerages to go online, Etrade began as a higher-priced firm, aimed at investors who were willing to pay a Read our in-depth review and see how it compares. Among its advantages, E*TRADE Pro offers: Please note: while E*TRADE rewards its active investors with the bells and whistles of Pro, it doesn't eliminate your fees. The USPS was also willing to testify to the fact that there was a major break in to the local department where many of our mail was stolen and the police had caught someone that lived in the county. I also prefer having more options on the main page - you used to be able to transfer money directly from the homepage and see the markets. by Jansan bongo, You can do better with almost any other firm. Do you have anyone working support? Etrade is their maturity allows them to offer a number of different things you won’t be able to find at most other brokerages.". by Derek Billy Boy, Make you do allllllllllllllllllllll sort of time wasting things. Another negative to etrade: Some companies offer a DRIP program where an investor owning shares of equities in the company can reinvest the distributions at a discount to market price. Since things have been moved around, there are now multiple clicks which is inconvenient. Because penny stocks can take some finesse and a deft hand to trade, they're not for everyone. Fidelity Cash Management Account includes reimbursed ATM fees, no monthly fee, no minimum balance requirement, FDIC insurance, mobile check deposit, free billpay and free checkwriting. requirements. I am partially to blame for not reading the fine print. Avoid under any circumstances. ETrade is a solid platform for both beginners and experienced investors. E*TRADE's mobile apps are extremely well laid-out, easy to use, and are among the most comprehensive and extensive apps we tested. Cons: No cons on broker but the trading platform could use more options for placing orders. They do have a solid amount of offerings and have 3/23/2020. Ironically, this is my 3rd time trying to post a review about the terrible updated app E*TRADE forced us to use and to no avail i can’t get my review to post. You also get many low-cost options, including 1,300 no transaction fee mutual funds and over 200+ commission-free ETFs. Will move to another brokerage on Tuesday. 2/12/2021. E*TRADE's research, tools, and guidance are second to none. With all of these facts, they refused to take the customer's (My) side and provide excellent customer service and to provide a business relationship that was beneficial to both. Had constant trouble with this company. premium for its outstanding But is Etrade good for beginner investors? How stupid is that!! More than just a discount brokerage, E*TRADE borders on being a full-service financial institution, with many options at your disposal. I told him that was an insult because I lost several thousand dollars during the time I was locked out of my account. The issue is that I have deposited money into the account but it still isn’t available. by Neil_Trader, by Danny, Disrespectful to retailers and terrible business practices, Customer service and management are terrible. I read the agreements but can't honestly say I understood them so I chose not to sign them. Their customer support is helpful and knowledgeable. Since then, the company has lowered its prices to compete more closely with discount brokerages, while still Long-term, low-frequency traders and beginners will probably appreciate the investor guidance tools and access to help from live financial professionals. Some services, such as Bill Pay, are available on smartphones but not their tablet counterparts, so be sure to check E*TRADE's website to see what applications can be performed on your preferred device. The new app is terrible. It allows you to directly purchase a wide range of stocks, bonds, ETFs … Large broker: Etrade is one of the five largest online brokers in the U.S. with millions of customers No inactivity fees: The firm does not charge account maintenance or inactivity fees Great trading tools: Etrade offers powerful trading tools and an advanced trading platform for active traders called Etrade Pro (review) . The E*TRADE free mobile app is available on both Apple and Android devices, and will essentially allow you to make trades while you're getting breakfast at the drive-thru. Unlike some of its major competitors, E*TRADE is a highly advertised and fairly well known online brokerage, even outside financial circles. Finally made it thru several days later. Copyright 2010-2021 TopRatedFirms.com. Why eTrade is a Rip-off!Come join me for a live session where I talk more about trading, the markets and all the money that can be made. Is Etrade good for beginners? You have questions, and you'll find the answers here—everything you wanted to know about the popular virtual scratch card, Lucktastic, in one place. Visitors may report inappropriate content by clicking the Contact Us link. Users have access to a ton of free trading … Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. E-Trade Financial Corporation (stylized as E TRADE, often approximated as E*TRADE), a subsidiary of Morgan Stanley, offers an electronic trading platform to trade financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, options, mutual funds, and fixed income investments. I am very happy with their trading platform etradepro, but it lacks some technical indications for day trading. First off, alerts take hours to come through. Corresponding cash bonus will be credited to the account within 10 business days. Please just go back to what works. This new one falls on its face. So here i am trying again!! Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. ETRADE is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. If you've watched any TV at all in the last few years, it's highly likely that you've come across a commercial for E*TRADE. Everyone better hope they don't have a stock do any kind of split. Being replaced with Bloomberg, which is already widely available. Let's say you're a novice investor who has made a little cash and got caught up in the frenzy of the market. See Terms Of Use With regard to the missing funds, it is now one week since I initiated that associated transfer yet there is still no acceptance on E-trades part that they have received the funds, where they have gone, or when they will be returned. While education isn't quite as thorough as some of its close competitors, E*TRADE's ease of use makes it a viable option for beginners. AND THEN THEY SOLD SHARES IN MY ACCOUNT WITHOUT TELLING ME! There are a number of problems - positions only load 5-6 at a time. Etrade held my account hostage for about a week and then a corporate manager allowed me to opt out of real time quotes, because etrrade apparently got numerous complaints about their behavior. I'm locked out of my online account and customer service (chat/phone) wait is measured in hours, not minutes. Disclaimer: TopRatedFirms.com reviews of companies is our personal opinion. Trust me, etrade will do exactly that. Watch this three-minute video to get a tour of our most popular features, and read the article below for details on how to get started. If a mediocre web interface and absolute crap customer service is your jam, this is the place for you. However, customers can trade specific ETFs 24 hours a day, five days a week. And I can provide a police report, USPS letter to testify of the facts and the testimony of various neighbors (up to 10 neighbors currently and counting). CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. I have had to resort to switching between the desktop site and the app to see what my positions are doing in real time. by Concerned, 1/11/2020, Cons: Cant transfer my money OUT of e-trade. Etrade block my account for any activiry. by Not Happy, And if you're trading at that level, you'll appreciate these additional tools designed to assist in positioning you as optimally as possible in the market. At the same time, realize there is no such thing as "get rich quick"; you can and will likely lose money when you invest in riskier products, like stocks, so you need to tread carefully, know your risks, and, as always, do your homework. Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. The firm has astonishingly long hold times. Call them. By no means should anyone ever open an account with them. That all changed when I tried to add an external account into which I could transfer funds.Seven days ago E-trade suspended, and then closed, my account on the pretext of suspicious activity (i.e attempting to add the external account). I filed a complaint with the SEC. 4/5/2020. 10/26/2018. Did not wire $ after made request. I later found out from a manager that the reason they decided not to do business with me was in part by my choice of words during my initial conversation with their security team. Do not sign up for E trade E*Trade E-Trade. For good or is it just a “glitch?” Scott Myron (@ScottMyron2) reported 3 hours ago. Im extremely upset about this and Im thinking of moving my accounts elsewhere. @etrade your call center had me on hold over an hour and your online chat claims a 300 minute wait. investing tools and research resources. A corporate manager offered me $100 for my inconvenience and losses. While these firms share broad similarities in the services they offer, there are some important differences that can hopefully help you make an informed choice between these two key industry players. Intuitive, gives more information than is needed and generally is overdesigned in buying look... 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Previous one to those Results, the firm bounced customer 's checks, these are all issues... And provides information for general educational purposes only benzinga has your in-depth review of using E-trade in.! Long-Term, low-frequency traders and beginners will probably appreciate the investor guidance tools and friendly customer support TRADE they! And was excited to use our links account but it still isn ’ t know where start. Whole thing overwhelming the offers that may be compensated by the firms we review randomly! More difficult to find what you need ways corresponds to the cost of for. Compliance analyst wrote up a brief analysis of the pre ious app was genius... Smooth and flawless UK, Germany, Australia, South Africa, Thailand, the company is a option. Business since this has been majorly slacking and or using the products they create right hand is doing hard money.