TD Ameritrade 300

Etrade Minimum Deposit To Open Investment Account

2022 Etrade minimum investment to open brokerage account or ROTH IRA. Etrade minimum balance and initial deposit amount requirement.

Etrade Minimum Deposit Amounts

Etrade minimum investment to open brokerage account $500 in cash and/or securities
Etrade minimum amount to open brokerage margin account $2,000 in cash and/or securities
Etrade minimum initial deposit to open ROTH IRA, Traditional IRA, Simple IRA, or SEP IRA $0
Etrade minimum balance requirement for brokerage or IRA none

Etrade vs Competitors

Etrade Account Types

Etrade account types include all popular account types used by most investors - Individual or Joint brokerage accounts and IRAs. Etrade also offers some exotic and rare account types such as Coverdell, Money Purchase and Investment Club. Below you will find a list of all account types offered by Etrade:

  • General Investing
  • Employee Stock Plans
  • Business
  • Corporate / LLC
  • Trust & Estate
  • Investment Club
  • Managed Investment Portfolio
  • Unified Managed Account

  • Rollover IRA
  • Traditional IRA
  • Roth IRA
  • IRA for Minors
  • Complete™ IRA
  • Beneficiary IRA

  • Custodial
  • Coverdell

  • Complete Savings
  • Money Market
  • Max-Rate Checking
  • E*TRADE Checking
  • Mortgages

  • Power E*TRADE
  • Futures Trading

  • Individual 401(k)
  • Money Purchase
  • Profit Sharing
  • Investment-Only Non Custodial

E*TRADE Financial Review

E*TRADE offers consumers an easy and efficient way to manager their stock, exchange traded fund (ETF), mutual fund, future, option, and bond investments with a simple, user-friendly interface and simple fee structure. Compared to other brokerage firms, E*TRADE’s fee structures remain competitive, but are not the most attractive. Active traders are eligible to receive discounted fees. The biggest draw for consumers to E*TRADE is its user interface for both online and mobile users. The E*TRADE application provides customers will all the features they will need on the go from reviewing their portfolios, researching new investments, and executing trades. E*TRADE’s also offers robust research features that enable users to compare investments and fund across industries, review the biggest market movers of the day, as well as a vast library of educational videos to help new investors become acclimated to the stock market. For all of its benefits, E*TRADE remains unable to compete with the smaller, niche brokerage firms like Acorns and Robin Hood, who can offer everyday consumers incredibly low transaction feeds with minimal initial investment amounts.

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Product Offerings

E*TRADE offers brokerage, individual retirement, small business retirement, and managed portfolio accounts. Each product offering comes with its own perks and is designed for a particular type of investor. The most popular account with E*TRADE is an individual brokerage account. E*TRADE’s investment lineup includes stocks, futures, options, ETFs, mutual funds, and bonds, making E*TRADE a one-stop shop for all potential investor’s needs. E*TRADE offers one of the widest investment lineups in the industry and a very large pool of no transaction fee ETFs and no load mutual funds.

Etrade minimum deposit

Brokerage Account

This account gives consumers the freedom to invest in the full range of investment options that E*TRADE has to offer. Consumers have access to research reports, historical data, stock analyst reports, and personalized investment advice.

Individual Retirement Account (IRA)

E*TRADE offers Tradition, Roth, or Rollover IRAs. Traditional IRAs have the benefit of tax deductible contributions, while Roth IRAs offer tax free growth and tax free redemptions during retirement. Roth IRAs are limited to individuals who earn up to $133,000 annually and couples who earn up to $196,000 annually. Both Traditional and Roth IRA accounts have annual contribution limits of $5,500 for investors under the age of 50 and $6,500 for investors over the age of 50. There is no E*TRADE minimum balance requirements for IRA.

Small Business Retirement Accounts

These accounts are offered to small business owners for the benefit of their employees. Small business owners can open Individual 401(k) and Roth 401(k) plans, simple IRAs, Employee Pension IRAs, or Profit Sharing plans. These accounts can be attractive for small business owners looking to supplement benefits provided to their employees, but admittedly is not a well-known strength of E*TRADEs. Small business owners looking to offer employees tax deferred retirements plans would be better off looking to a firm like Fidelity who is known for dominating the retirement account market.

Managed Portfolios

These accounts are best for consumers that would prefer to have a portfolio built and managed for them, with little to no input or investment knowledge needed. Investors will work closely with an advisor to determine the proper risk appetite and goals of the account. These accounts require much larger opening balances ranging from $5,000- $150,000 and may also be subject to management fees from the advisor.

E*TRADE Fees and Rates

E*TRADE recently changed their fee structure, most notably reducing commissions fees per stock trades from $9.99 to $0. At $9.99 E*TRADE’s fees were far too high and very far off from the competitors who offered transaction fees between $5 and $7. The new transaction rates keep E*TRADE in line with competitors such as Schwab, TD Ameritrade, and Scottrade.

In addition to their standard rates, E*TRADE offers reduced rates for users that maintain an Active Trader Account. Active Traders are defined by making 30 or more trades per quarter. There is no E*TRADE minimum balance requirements for Active Trader Account.

Mutual Funds

For consumers looking to reduce fees paid on investments, E*TRADE offers over 4,400 no load, no transaction fee mutual funds. However, while there are no transaction fees per trade for these funds most of them include a minimum holding requirement of 90 days. Early redemptions are subject to a fee of $49.99. These rates can vary from fund to fund, so investors should confirm the terms in a fund’s prospectus.