E*TRADE review: Pros, cons, and who should set up an account - Business Insider

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E*TRADE offers commission-free trading — plus automated investing — and a sign-up bonus for those funding new accounts

account, you can make investment decisions without running into any account minimums or commissions. And the brokerage provides three free trading platforms: Power E*TRADE, E*TRADE Web, and E*TRADE Pro. You'll also have access to a wide selection of stocks, mutual funds, exchange-traded funds, futures, options, bonds, and certificates of deposit .

For instance, E*TRADE offers specialized portfolios for goals such as wealth-building, retirement-saving, or buying a home. You'll need at least $500 to set up the account, and you'll pay an asset-based annual fee of 0.30%. E*TRADE additionally offers Prebuilt Portfolios of mutual funds or exchange-traded funds. These portfolios come without commissions, and they employ conservative, moderate, and aggressive investment strategies. To set up the account, you'll need a minimum of $500 for mutual funds, or $2,500 for exchange-traded funds. accounts for its users. You can take advantage of several IRAs, or even roll over your 401 or employer-sponsored retirement plan.

E*TRADE's services are available to active and passive investors, active traders, registered investment advisors , stock plan participants, and stock plan administrators.

 

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