TD Ameritrade 300

Etrade Promotions


Current Etrade promotion, bonus offer. 2018 best Etrade promotions for customers opening new account or for existing clients depositing cash into brokerage account, traditional IRA or ROTH IRA, or for 401K rollover IRA.


Etrade Promotion Offer




Open Etrade Account


Etrade Promotion Details


A new E*TRADE Securities non-retirement account opened and funded with 2 months of opening is eligible for 500 commission-free trades. A minimum deposit of $10,000 is required. Eligible funds must come from a non-E*TRADE account. The free trades can be used to place orders for stocks or options, but they cannot be used to pay per-contract fees. The new account will be credited for free trades within 7 days, and the trades must be used within 60 days. The promo expires on December 31, 2018.

Unused trades are not eligible for cash compensation. The E*TRADE promotion offer is not available to non-US residents, current E*TRADE Financial Corporation employees, or residents of any jurisdiction where this promotion is invalid. This E*TRADE promo offer cannot be used for custodial, estate, business, LLC, sole proprietorship, unincorporated organizations, or E*TRADE bank accounts.

The minimum level of funds for this E*TRADE offer that are transferred into the new account must remain for at least 180 days, or E*TRADE can retake any bonus given. Trading losses and market volatility are not considered when calculating an account’s value for this promotion. One customer is eligible for only one offer. E*TRADE Securities can modify or cancel this special at any time.

After the free trades expire, E*TRADE will charge $6.95 for the first 29 equity or derivative trades an account makes in a quarter and $4.95 for all trades thereafter. Option contracts are billed at 75¢ per contract and 50¢ after reaching the quarterly threshold.





Etrade Review and Rating

Etrade rating

Etrade is one of the most widely used investment firms, and it is also one of the "Big 5" - five largest brokerage firms in the US. Etrade's fee is $6.95 per trade for stocks and exchange traded funds, and brokr's commission for no-load mutual funds is $19.99. Minimum to open cash account is very reasonable $500. The company doesn't have IRA fees and surcharges.

After creating new account, new Etrade customers can immediately access the website and start exploring its features. Unlike TD Ameritrade, Etrade does not offer virtual (also called paper trading, or practice account), so clients will have to wait until their money transfer is complete to start trading.

Similar to traditional banks, Etrade is a member of the Plus and Interlink networks meaning that you can use an ATM with those symbols and avoid being charged any fees. Etrade promotes unlimited ATM fee refunds when using an ATM that charges a fee. However, there is a bit of a catch to this offer. The owner of the ATM you choose to use most likely will charge you its own fee for using their ATM. In order for Etrade to refund the fee charged your account must meet certain requirements. Our advice is to be a smart consumer and read the fine print before using the ATM card.


Making Trades


When it comes to buying and selling stocks, ETFs and mutual funds, Etrade really couldn’t be any easier. The trade screens are very user-friendly and intuitive. The only difficulty we experienced while setting up Etrade account for the first time was the delay in posting initial payment. Of course, this delay can be avoided if you choose electronic deposit option instead of mailing a check.

The firm charges a flat $6.95 fee for each stock or ETF trade. Our investment strategy is long-term growth, but during the market slump we also dabbled in stocks with high dividend yields. We like that Etrade’s DRIP (Dividend Reinvestment Program) allows to instantly and effortlessly reinvest those dividends.


Portfolio Tools


Etrade has a very clear portfolio view with plenty of tools to facilitate portfolio management. For example, you can use the various portfolio analysis tools to make sure you maintain your desired balance of sectors, world regions, market caps, risk levels, etc., or use the income estimator to keep track of what dividends are coming your way.
What we like best about the portfolio page is the “Portfolio News” section, which includes a ticker showing articles that mention the stocks in my portfolio. This helps keep up to date on developments at the companies you are interested in, and ensures that you never miss an important announcement.

We also like that you can expand each stock listing within your portfolio to view a complete history of all purchases of that stock. This is really useful, especially for stocks that are enrolled in DRIP, because it allows to see the gain or loss on each individual purchase, rather than the combined average.

Investment Resources


Etrade does offer a number of very useful investment resources. They seem to fall into two main categories: resources designed to help do-it-yourself investors access market research, and resources designed to convince novices to purchase investment advice from Etrade. For example, the “Online Advisor” resource basically does nothing besides collect information from users and then spit them out onto a page filled with plugs for various paid investing services.

Fortunately, there are plenty of other resources that provide actual information. We particularly like the screener tools, which allow you to identify potential investments based on categories that are important to you, such as market cap, share price, performance, industry, etc. Screeners are available for stocks, bonds, mutual funds, and ETFs. They are a great launching pad for more research, some of which you can do using the comprehensive and convenient snapshot pages. These pages provide a quick and dirty overview of the investment, including things like P/E ratios and performance graphs, and even access to analyst research.


Summary


In summary, Etrade offers a lot of valuable services to the clients making it a great option for both regular brokerage and IRA accounts.


Updated on 1/7/2018.