E*TRADE vs. Wise

It is well suited for investment in common stocks, bonds, and other commercial paper. It is well suited for purchasing foreign stocks. It is not presently appropriate for other investment opportunities involving private stocks or limited issues. Extracting funds can be a challenge from time to time. Collecting data on investment opportunities is not always easy to do.

Incentivized

For a small business looking to expand internationally, transferwise offers lower admin fee and no hidden fee which is very important. It also remove the hassle and headache of setting up accounts with the local banks. Other than the low fees, the best part is we can use transferwise safely with a peace of mind as it is being regulated by the MAS. Lastly, any small business can set up their transferwise account within minutes which is very convenient

Incentivized

• Gives you graphic on how a stock is doing.
• Gives you some insight to the company background.
• Lets you track how your investments are doing.

Incentivized

• Quick - because funds are transferred domestically, even when going international, you don't have to wait long.
• Easy - the printout of what information I needed to give the sending bank was complete and easy to understand.
• Affordable - the fees on both ends were minimal.

Incentivized

• summary page needs to have more details like it doesn't show current market price for an option purchased
• purchase or sell needs to be user friendly so it takes less time.

Incentivized

• For large money transfers, the tax is a bit expensive so it would be nice if that was adjusted or if there was some economy of scale.
• Ability to schedule recurring transfers could be useful.
• Be able to transfer money by using a mobile phone number, like with Mobile Pay or Bizum, when the sender and receiver of the money are in different countries.

Incentivized

We haven't really had to engage with TransferWise support. The platform is simple and easy to use.

Incentivized

E*TRADE allows ease of use and reasonable fees. We selected E*TRADE because they offer the set of applications we were seeking. We do not have to pay for expensive service access that we do not use. E*TRADE is compatible with our systems and their reporting has been simple to integrate into our systems.

Incentivized

We considered PayPal payment, ACH bank transfer, and simply mailing a check. TransferWise's fees were much lower than PayPal and our bank. Postage might have been less than TransferWise's fee, but payment could have taken more than a week rather than hours (or days in the case of a new payee).

Incentivized

• Limit how much you want invest.
• This is an open trade website and there is a risk of losing your money based on your investments.
• If you make some sound investments and keep yourself within a budgeted spending limit there is the opportunity to make money on e-trade.

Incentivized

• We can save around 5% on our transfer fees
• The online account management is easier than going into banks personally
• There's no negative impact...