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Power E*TRADE Pro Review
Although E*TRADE was once known among active traders for its downloadable E*TRADE Pro software, the broker is now
moving clients to Power E*TRADE Pro, its newer desktop platform. The updated program is designed for active
traders who want advanced charting, customizable workspaces, market-depth tools, options analysis, and futures
trading in a downloadable platform.
How to Download Power E*TRADE Pro
Downloading Power E*TRADE Pro is much easier than getting the old E*TRADE Pro platform. The newer platform is available from inside an E*TRADE account.
After logging in at etrade.com, look for the Launch Pad on the home screen and select Power E*TRADE Pro.
From there, choose your computer’s operating system, download the secure installer, and install the program. Once installed, launch Power E*TRADE Pro and log in with the same username and password used for etrade.com and the other E*TRADE platforms. Eligible E*TRADE clients are automatically enabled for Power E*TRADE Pro.
This means you no longer need to call support and request a hidden E*TRADE Pro download link.
Power E*TRADE Pro Requirements
Access requirements are different from the legacy E*TRADE Pro setup. Power E*TRADE Pro is accessed through an E*TRADE login, and the platform is designed as part of E*TRADE’s current active-trader platform lineup.
The old requirement of 30+ trades per quarter for E*TRADE Pro access no longer applies to the newer desktop platform.
Some tools still have extra requirements. For example, market-depth tools require a Level II Market Data subscription, and futures tools require a futures-enabled account.
So, to use Power E*TRADE Pro effectively, make sure your account has the trading permissions and market-data subscriptions you need.
Power E*TRADE Pro Cost
Is Power E*TRADE Pro free? The platform itself is available through an E*TRADE account. Normal trading commissions, options contract fees, futures fees, regulatory fees, and market-data fees can still apply.
Power E*TRADE Pro Market Data Subscription
You may need to subscribe to additional market data, especially if you want to use Level II and market-depth tools.
Go to the
market data subscription page
(you must log in to access the link) on the broker’s website and make your selection.
Market Depth can display exchange books such as ARCA Book, NASDAQ Book, NYSE OpenBook, ARCA and NASDAQ Books, or all combined. Level II Market Data is required to use the Market Depth tool, and market-data fees may depend on your subscription and professional or non-professional status.
Layout
Power E*TRADE Pro is built around highly customizable workspaces. Users can customize tools and charts across six configurable workspaces, move windows outside the platform frame, and use multi-monitor setups. The platform can also be switched between dark and light themes from the settings area.
Workspaces can be built for different trading needs, such as charting, options trading, market depth, watch lists, futures, news, or order management. During our testing, we found it easy to switch between layouts.
Tools Menu
Power E*TRADE Pro has a dedicated Tools menu on the left side of the upper navigation bar. Clicking on it shows available tools that can be opened as separate windows and arranged inside a workspace.
Some of the choices include Bloomberg TV, Quote Detail, Charts, Options, Trade Tape, TradeLab, Market Depth, StrategySEEK, Quick Trade, Futures Ladder, Live Action, Watch List, Market View, News, Earnings, Time and Sales, Orders, Positions, Balances, Performance, History, Messages, and Widgets.
Bottom Menu
The bottom area of Power E*TRADE Pro includes helpful status information, including a market close countdown clock and quote-data subscription details. Workspaces are managed from the platform’s main workspace controls, where users can create, rename, organize, and switch between custom workspaces. For example, you can build one workspace for Bloomberg TV and charting, and another one for news, options, and the platform’s earnings tools.
Charting
Power E*TRADE Pro has strong charting tools. Charts can be opened from the Tools menu, linked to other windows, resized, duplicated, or used for trading directly from the chart.
The platform offers 16 chart types, 120+ technical studies, and 30+ drawing tools. Chart examples include candle, bar, line, mountain, and Heikin Ashi. Events such as dividends, earnings, splits, and trade history can be displayed on a chart, and custom chart setups can be saved for later use.
Trading Options
Power E*TRADE Pro has several options tools, including customizable option chains, Greek values, spread views, TradeLab, Snapshot Analysis, and StrategySEEK. Option chains can be shown in a standard call/put layout or as strategy views such as straddles, strangles, verticals, and other spreads.
TradeLab is one of the platform’s more useful options tools. It lets traders build custom option strategies and review risk/reward profiles, probabilities, interactive risk graphs, and Greek values. If the trade fits your risk profile, you can move from analysis to order entry from the same workflow.
How To Submit an Order on Power E*TRADE Pro
Power E*TRADE Pro has a full order ticket located on the right side of the upper navigation bar. It supports stocks, ETFs, options, spreads, futures, and automated order types. Traders can also open tickets from the Quick Action menu, the right-click menu, option chains, charts, TradeLab, and other tools.
The Quick Trade tool provides a streamlined ticket for buying or selling stocks quickly. The full order ticket supports more detailed trade setup, including complex options and futures orders. The platform also includes tools for analyzing risk/reward before sending certain options trades.
For options orders, traders can build their own strategy or use available spread views in the options chain. Directed orders from the legacy E*TRADE Pro platform do not carry over to the newer Power E*TRADE platforms.
Power E*TRADE Pro Review Judgment
Power E*TRADE Pro is a major upgrade over the legacy E*TRADE Pro platform for traders who want a modern downloadable platform with advanced customization, charting, options tools, futures tools, and market-depth features. The old E*TRADE Pro platform is being retired, so active traders should focus on Power E*TRADE Pro, Power E*TRADE web, or another advanced platform such as thinkorswim.
Updated on 7/8/2026.
I work in investment analytics and have been investing in the market since I was in high school. I enjoy anything that involves lots of strategy (i.e. a good game of chess), which is why I was naturally drawn to investing and researching companies. Outside of investing, I’m a big fan of the outdoors. In summer, you’re most likely to find me kayaking, camping, and hiking in the mountains.
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