E*TRADE failed my firm and we quickly switched to another brokerage firm
July 20, 2023

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

Anonymous | TrustRadius Reviewer
Score 1 out of 10
Vetted Review
Verified User

Overall Satisfaction with E*TRADE

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.
  • Low fees
  • 24/7 support
  • Response times
  • Account management
  • Customer support
  • Employee support
  • High personnel turnover
  • Depositing assets
  • Low cost - although not as low as Vanguard
  • Customer support
  • Response times
  • Depositing assets
  • Return on investment
  • Hidden fees

Do you think E*TRADE delivers good value for the price?

No

Are you happy with E*TRADE's feature set?

No

Did E*TRADE live up to sales and marketing promises?

No

Did implementation of E*TRADE go as expected?

No

Would you buy E*TRADE again?

No

Scenarios where there is zero chance anyone associated with the account could ever need any form of support from a human being at E*TRADE.