E-Trade is highly recommended in today’s world of Internet and online stock trading. Many business publications have also given E-Trade high marks. Deciding which online brokerage firm to trust with investment money is a decision that should be researched, and chosen according to the broker’s reputation and services.
What E-Trade Offers Investors
Originally, E-Trade was an online stockbroker business that offered discount executed trades, and that was all. Today, it has become a brokerage firm that offers a full line of services to its clients who are looking to invest their money wisely. E-Trade handles the buying or selling of stocks for its customers, offers expert advice, and up-to-the-minute business news relating to stocks, and a varied list of features.
E-Trade For Beginning Traders
While well-suited to the active, experienced investor, E-Trade is also popular with beginning investors who might have only a thousand dollars to risk. The more active an investor becomes, the lower the commission rates. Becoming an investor is relatively simple. It requires an investor open an account, and fund it with at least $1,000. Once the money is credited to the investor’s account, trading is allowed.
How To Make A Trade
Buying and selling stocks, or making a trade, as it is commonly referred to, is in real-time. A first-time investor simply goes to their personal Accounts page, and follows the directions. Commission rates range from $6.99 to $9.99. An investor will be charged for each trade that is placed. Many times, the commission rate varies, depending on the balance of the trading account, and how often the investor places a trading order during a three-month period. The investor is responsible entirely for the buy and sell orders for stock in the investment account, as well as the choice to buy or sell bonds, futures, options or mutual funds
Products and Services of E-Trade
The services that E-Trade offers online are abundant, and comparable to much larger brokerage firms. E-Trade also offers convenient banking transactions, such as secure savings accounts, aside from trading accounts. The company also offers a wealth of references for investment research. Training seminars, and financial planning services are offered free of charge. E-Trade also offers offices in 16 states throughout the United States, if an in-person visit is preferred.
The Positives of E-Trade
While there is always up-sides and a down-sides to choosing a brokerage firm, one of the pros to using E-Trade is the easy access that common, everyday investors have to foreign markets, and the wide range of investment tools available. Also, E-Trade offers 24-hour telephone support for questions or concerns that can arise after markets close. E-Trade apps for smart phones are also reliable and easy to use.
The Negatives of E-Trade
There are also down sides to E-Trade, being that there is no live chat feature available on the website, and there are more features available to active traders than beginning traders. The fees and commissions are also higher the fewer trades an investor makes, encouraging the trader to risk additional money.