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E*TRADE

Score1.2 out of 10

6 Reviews and Ratings

What is E*TRADE?

E*TRADE is a financial services company and pioneer in the online brokerage industry. Having executed the first-ever electronic trade by an individual investor more than 30 years ago, the Company focused on delivering complete and easy-to-use solutions for traders, investors and stock plan participants.

Categories & Use Cases

Using E*Trade to make money in stocks.

Use Cases and Deployment Scope

I use E*TRADE to buy and sell stocks primarily. Their research tools and reports are very helpful in evaluating various companies and making good decisions about when to buy or sell.

Pros

  • I like their sell orders that allow you to set a price or percentage as a stop loss.
  • Their dashboard is easy to use and gives you some quick info.
  • I also like E*TRADE's reports for gains and losses.
  • Moving funds into and out of your accounts is pretty simple with E*TRADE.

Cons

  • They've made some good changes over the years and I can't think of anything to improve at this time.

Most Important Features

  • Low cost trades (zero at this time).
  • Good research tools.

Return on Investment

  • I helps me to maximize my return on my portfolio.
  • I've had a 110% return over the past 3 years.

Good tool comes with charges

Use Cases and Deployment Scope

For ESPP and RSU

Pros

  • shows lots purchased
  • good multiple report at one tool

Cons

  • 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.

Most Important Features

  • summary page

Return on Investment

  • negative

Other Software Used

robinhood

E*TRADE failed my firm and we quickly switched to another brokerage firm

Use Cases and Deployment Scope

Our company moved our retirement plans from Vanguard to E*TRADE. And then quickly moved back. We were shocked at how poor the E*TRADE account management teams were. (Teams, plural, because we have four within less than a single year as their client). When we needed support we would contact our account manager and on multiple occasions, they were no longer with the firm with no prior indication and no way of finding their replacement. Communications were lost and never responded to. It was a major decision to move our company's plans and assets from Vanguard to E*TRADE and I greatly regret it. As a small business employer, we cannot gamble with our employees' assets and the lack of support from E*TRADE made it feel like every customer service experience was a spin of the roulette wheel.

Pros

  • Low fees
  • 24/7 support

Cons

  • Response times
  • Account management
  • Customer support
  • Employee support
  • High personnel turnover
  • Depositing assets

Most Important Features

  • Low cost - although not as low as Vanguard

Return on Investment

  • Customer support
  • Response times
  • Depositing assets
  • Return on investment
  • Hidden fees

E-Trade Easy for Investing in you future.

Use Cases and Deployment Scope

It is offered as an alternative website to staff to make personal investments outside the scope of the company retirement plan. It opens up private companies to look at investing. It gives the employee the opportunity to look at open market companies and make investments based on one's preferences and personal choices.

Pros

  • 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.

Cons

  • When transferring funds from an external account there is a delay in money coming into the account by a least one day.
  • You can not access a lot bitcoin investment companies through e-trade.

Most Important Features

  • Easy access.
  • Open market trade trade with no restrictions.
  • It does not incorporate your personal retirement plan which gives the employee the opportunity to invest openly base on one's personal choices or research.

Return on Investment

  • 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.

Alternatives Considered

robinhood

Other Software Used

robinhood, Active Trader Pro (Fidelity Investments), Merrill Edge

Trading Platform for Companies with Stock Plan administration

Use Cases and Deployment Scope

E*Trade is used for the RSU and ESPP Purchases for our company. The tools allows to provide Vested Stocks, Bonus Stocks and Employee Purchase Plan for Employees without any hassle. It integrates with Payroll and tax systems as well as accounting tools across multiple countries making it easy for management to allot Company Stocks and Bonuses with very less efforts.

Pros

  • Restricted Stock Units
  • Bonus Stocks
  • Employee Stock Purchase Program

Cons

  • Trading Panel
  • Technical Indicators
  • Consultation on Tax

Most Important Features

  • Employee Stock Purchase Plan
  • Restricted Stock Units
  • Account Summary

Return on Investment

  • More Employee Satisfaction
  • More employees opting for ESPP