ETrade Bank Review 2021

Rating 4 / 5

ETrade Bank

Why ETrade Bank ?

The ETrade Bank was founded in 1982. The first trading operation with them was performed in 1983. The company has Retail 30 branches across the united states with headquarters in Arlington, VA. The company has more than 4100 employees. They are recognized as one of the first online brokerage firms of the United States of America. They are offering powerful trading platforms to make trading easy and effective.

About ETrade Bank

E*trade is providing brokerage and banking services for individuals and corporates. The company is running on a big scale and dealing with big investors and clients. They started with online trading services but later they have added banking services and retirement plans to deal with a large number of clients. On February 20, 2020, Morgan Stanely announced the $13 billion deal to acquire ETrade, which is expected to complete by the end of this year.

Pros & Cons 

  • Offering multiple trading, banking, and retirement services. 

  • Multiple ETrade Bank Account types.

  • 24/7 great customer support.

  • No commission on Stocks and EFT trades.

  • Access to advanced research material.

  • Advanced trading platforms including great mobile trading platforms.

  • Difficult website and hard to understand the service requirements.

  • Higher fees charges for less frequent traders.


E*Trade Services
ETrade is offering almost all kinds of services that an investor needs. It does not matter you have a small investment or big they have plans and services for you according to your needs. They have a wide list of options trading, futures, stocks, EFTs and mutual funds for trading.

E*Trade Education
If you want to depend on the third party information about investment, then you are at the right place as they are providing educational research-based material.
However, almost all the information they are providing is the third party based. But you can learn from their video tutorials, online courses, webinars, and other market research material. 

E*Trade Customer Service 
ETrade has 30 branches across the US. You can also reach their customer support via phone, email and live chat 24/7.  No matter you are a big or small client they have equal value for you as others. So you will always like their strong customer support. 

E*Trade Fees/ Commissions
ETrade has a goal to provide the best services on affordable fees. They are not charging any commission on stocks and EFTs. Options trading start with $0.65 per contract. but, if you are a frequent trader and make more than 30 trades per quarter then you have an exception as they will charge only $0.50 per options contract.

ETrade Bank Overview

Founded 1982
Tel +1-800-387-2331
Leverage Up to 1:50
Broker Type STP
Regulated By FINRA/SIPC
Headquarter In Arlington, VA
US Clients Yes
Binary Trading No
Spread Not Available Pips
Minimum Deposit $1
Spread Type Fixed
Commission No
Islamic Accounts No
ECN Accounts Yes
Demo Trading No
Metals Trading No
Oil Trading No
Trading Instruments Currencies, Stocks, EFTs, Bonds, Mutual Funds, Retirement Accounts.
No Deposit Bonus N/A
Deposit Bonus N/A
Other Bonus Get Up To $3000 Cash Credit
Trading Platforms E-Trade Web, Power E-Trade,E-Trade Pro
Mobile Trading Yes
Web Trading Yes
Tel +1-800-387-2331


  • Thomas Franklin

    Thomas Franklin

    They will disable your account once it ready for withdrawal I tried to withdraw my funds but it’s not as impossible so I hard to seek the help of a recovery expert named Grace Lilo who has also help a lot of traders get their funds back, You can reach out to her on herEmail or whatApp June +351968942567
    6 months ago
  • Marsha


    good broker but their services are for big investors and traders. I am currently saving some money so in the future i will work with such a big bank.
    9 months ago
  • Kate Rodney

    Kate Rodney

    It’s really hard telling the authenticity of this online platforms only if you’ve had a bad experience with them after trading or doing any form of business with them. You can file a complaint directly on just in case you are a victim of Forex/Binary option scam
    1 year ago
  • Kevin Lorsan

    Kevin Lorsan

    good broker but their services are not for the small traders like us.
    1 year ago
  • Sara Khadimi

    Sara Khadimi

    one of my favorite broker. please add forex currencies in your trading services.
    1 year ago
  • Bel Vonoka

    Bel Vonoka

    great broker and their customer support is awesome.
    1 year ago