I have been a user of E-Trade for a little over a year now. I am a 24 y/o now and began my first investing account using this site. Over the course of my tenure I have only had to call E-Trade once about a problem I had trading and the issue was resolved quickly with no additional fees. Recently, I opened a Roth IRA as well on this site and may soon look into their debit card plans.
Strengths:
Transfers: Easy, Efficient, and can Set up a solid schedule. (Warning first transfer holds your funds for nearly two weeks).
Research: Access to multiple SEC Filings, Analyst Research, Fundamentals, basic investment knowledge, and some basic technical analysis.
Reliability: Always up, always fast executions, no problems.
Trading Types: Definable levels for standard,options, margin trading. Forex/international all in one place
Tax Forms, Portfolio Tracking, Accounts all in One place
Weaknesses:
High commission for low account value compared to competitors (12.99) (9.99 if portfolio over 50k or 30+ trades a quarter).
Stock screener not overly helpful
Based on my experience with E-Trade I have decided to keep my funds here for the long term. My comfort level has continued to grow and I am looking towards taking advantage of additional accounts. Using their watchlist, realtime quotes (with E-Trade Pro - very fun tool), and reading SEC Filings I have succeeded int he present market. Commissions might steer away sticklers but I like trading with no hassle and E-Trade has proven this to be the case.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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