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E*TRADE Review 2024: Pros, Cons and How It Compares

E*TRADE excels even outside of its $0 commissions, with superb educational resources, portfolio-building tools and a large mutual fund selection.

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Updated: Oct 21, 2024
Arielle O'Shea
Written by 
Lead Assigning Editor
Arielle O'Shea
Edited by 
Lead Assigning Editor
Fact Checked
Arielle O'Shea
Written by 
Lead Assigning Editor
+ 1 more
Arielle O'Shea
Edited by 
Lead Assigning Editor
Fact Checked

Our Take

4.3

NerdWallet rating
The bottom line:

E*TRADE has long been one of the most popular online brokers. The company's $0 commissions and strong trading platforms appeal to active traders, while less experienced investors benefit from a large library of educational resources.

Jump to: Full Review
E*TRADE

Fees

$0

per trade. Other fees apply.

Account minimum

$0

Fees

$0

per trade. Other fees apply.

Account minimum

$0

Promotion

Get up to $1,000

when you open and fund an E*TRADE brokerage account. Terms apply.

Learn moreon partner's site
on E*TRADE's website

Show details

Pros & Cons

Pros
  • Commission-free stock, options and ETF trades.

  • Easy-to-use tools.

  • Strong customer support.

  • Volume discount on options contract fees.

Cons
  • Website can be difficult to navigate.

  • Low interest rate on uninvested cash.

  • No fractional shares.

Compare to Similar Brokers

Current Product
NerdWallet rating
4.3/5
Fees

$0

per trade. Other fees apply.
Account minimum

$0

Promotion

Get up to $1,000

when you open and fund an E*TRADE brokerage account. Terms apply.
Learn moreon partner's site
on E*TRADE's website
NerdWallet rating
4.8/5
Fees

$0

per online equity trade
Account minimum

$0

Promotion

None

no promotion available at this time
Learn moreon partner's site
on Charles Schwab's website
NerdWallet rating
4.6/5
Fees

$0

Account minimum

$0

Promotion

Earn up to $10,000

when you transfer your investment portfolio to Public.
Learn moreon partner's site
on Public's website
NerdWallet rating
4.5/5
Fees

$0

per trade
Account minimum

$0

Promotion

Get up to $700

when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money.
Learn moreon partner's site
on J.P. Morgan's website

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Full Review

hi there. Here's my review

Learn more on partner's site
on E*TRADE's website