Best if you want
A free to use IRA with useful features for both beginners and advanced traders. E*TRADE offers extensive investing options that are well suited for a variety of trading strategies. In addition, you’ll have access to two mobile apps – one with all the standard features, and another with more advanced trading features if you want them.
Fees
E*TRADE offers low fees compared to other IRA providers:
– No annual account fee
– No commissions on trades of stocks, ETFs, and options.
– Thousands of no transaction fee mutual funds
– $0.65 per options contract, which is in line with the industry standard. however, If you make more than 30 trades per quarter, you’ll only pay $0.50 per trade.
What you can invest in
You get to decide what investments to make with your E*TRADE portfolio. E*TRADE offers a wide variety of investment options including Stocks & ETFs, Mutual Funds, Options, Futures, Bonds. These options allow you to use whatever investing strategy you’re comfortable with.
E*TRADE also offers helpful resources for beginner investors on topics like diversification, risk profiles, and asset allocation; these can help if you aren’t sure where to start, or if you just want to get a sense of your options.
Limitations
E*TRADE offers a feature-rich platform for investors at various levels of experience. That said, if you are trying to use some of the more advanced features, there may be an initial learning curve. However, E*TRADE offers two distinct mobile experiences – one is simpler, the other is more advanced. This means all users can choose the experience that best suits them.
Conclusion
Overall, E*TRADE offers a great investing platform for all users – whether you’re an experienced trader or beginner, or looking to actively trade vs. passively invest. For beginners, E*TRADE offers a robust set of resources to help you get started with investing, as well as a simplified mobile experience. For advanced users, E*TRADE’s platform supports advanced trading strategies and even offers an advanced trading mobile app.
All users will benefit from the wide range of investment choices – from stocks and ETFs to options and Futures. E*TRADE also offers a competitive, transparent fee structure – $0 commissions on trades and competitive options contract fees compared to competitors.
E*TRADE offers a compelling user experience for both beginners and advanced traders, a wide array of investment choices, and low fees.
