E*TRADE Review
Bottom Line
E*TRADE is best for options traders and investors who want a robust desktop platform. Power E*TRADE platform and good options tools make it stand out, though no fractional shares is worth considering.
Key Features
Rating Breakdown
Pros & Cons
E*TRADE Pros
- + Power E*TRADE platform
- + Good options tools
- + Large mutual fund selection
- + Now part of Morgan Stanley
E*TRADE Cons
- - No fractional shares
- - Higher options fees for low volume
- - Mobile app less intuitive than competitors
Who Is E*TRADE Best For?
E*TRADE is ideal for options traders and investors who want a robust desktop platform. If that describes you, it's one of the strongest options available in 2026.
Key advantages include power e*trade platform, good options tools, large mutual fund selection. The main drawbacks to be aware of are no fractional shares and higher options fees for low volume.
Our Verdict: 4.2/5
E*TRADE is a strong option that delivers solid value. While not perfect, it's a great choice for the right user.
Frequently Asked Questions
E*TRADE is a regulated brokerage. Customer accounts are typically protected by SIPC up to $500,000 ($250,000 for cash). Always verify current regulatory status and SIPC membership before investing.
E*TRADE charges $0 for stock trades and $0.65 for options. Fee structures can change — confirm on their website.
E*TRADE does not currently offer fractional shares, so you'll need enough to purchase whole shares.
E*TRADE requires $0 to open an account. This makes it accessible to investors of all levels.
E*TRADE is best for options traders and investors who want a robust desktop platform. Power E*TRADE platform make it attractive, though no fractional shares may require more experience to navigate effectively.