Do you worry that you are not experienced in trading? With the use of your own mobile device you have everything you need in your hands only. Etrade has made a platform which has simplified investing and trading for you.
Etrade is an online stock brokerage firm that allows investors with the ability to buy or sell services such as stock, options, mutual funds, bonds and it allows the investors to do online trading research without having to pay any individual broker fee. Etrade comes with a user friendly tool which will enable good user trading experience. You can overview all performance analytics for yourself, you can watch, trade, and stock.
Etrade provides users with impressive mobile trading features that most brokers do not offer. For opening a Brokerage Account with Etrade you will require a minimum deposit of $500. Like any other brokerage institute, you can transfer funds to your account through any electronic transfer from your bank account or any other financial institution. You can fund the opening fee to Etrade by making a deposit in a Etrade branch or you can send check via Snail mail. You will only have to wait a few days after your initial deposit to start trading.
Open Etrade Account | eTrade Sign Up 2018
How to open a brokers account and how to trade on that? Opening a broker’s account is actually similar to opening a bank account. Some of the things that you require will be:
- Proof of address: Utility bill, If you do not have the utility bill that has your name on it you can ask the person who pays for the utility to state that you are living there.
- Social security number or an employee identification number
- Your address and an employer name: For an employer name if you are not yet employed you can always put as ‘Student’ there.
You can open an individual account which is just for one person or you can choose to open a joint account where there will be a group of two people on it who can both trade.
Who can use Etrade?
Etrade is a very useful online trading platform for all kinds of investors. If you are looking to open a stable investment account for the long term than this is the best suit. Even though you might find transaction fees a little expensive but if you plan to trade and keep a hold onto them you will benefit in long term. The user friendly interface provides you with all the information and tools you will require for your trading.
One small problem for the user is that it doesn’t teach you how you can make money. You will requires lots of patience, skill and practice to make money by trading. In such cases there is a large percentage of traders who are losing their money.
You can also start using Etrade today if you are one of the following
- Frequent traders
- Beginner investors
- Commission-free exchange-traded funds
- Research and data
- Retirement planning assistance
Or if you simply want to trade and earn online.
Features of Etrade Account
- User friendly
Etrade offers a user friendly interface and a great educational investor center. You can make trades on your own or you can also seek for a broker’s help through this App. All of the services provided by Etrade makes it as easy to use online trading service even for beginners.
- Capital Management:
If you are not sure to where you can invest in, Etrade has you covered through Etrade capital management. This solution gives you a financial expert guidance to help you mange your portfolio. This is provided with the objective to create and maintain a genuine portfolio that covers up with your goal, risk and your tolerance. But to take this advantage you must have a minimum of $25,000 in your account.
- Managed platform and tools
Etrade provides all its online traders with interactive chart, streaming tools and also gives them tax advice. The more active traders however, will automatically be upgraded to Etrade pro platform which comes with more trading hours and additional tools that provide the ability to stream CNBC (Consumer News and Business Channel), you can customize your watch lists, and above all you will be acquitted with Etrade 360 which covers all your investments into one place.
- Long Term Services
Etrade can be also be known as one stop solution to all your financial services. It offers a very broad scope to its investors. This covers from stocks, bonds, mutual funds, provide banking services to maintain account and IRSs (Internal Revenue Service), also investors can apply for a mortgage.
Everyone wants to invest and not worry about their money being lost. We all want to stay at peace knowing our financial information is secure and confidential. Etrade has the best security to offer to you, with Security-conscious reputation Etrade’s Symantec Virtual Digital Security Token, This system gives you a device that is key-chain sized which generates a 6 digit personal access code that generates a new code every 60 seconds. There is also a Symantec App available for individuals that have a smartphone.
Pros and Cons using Etrade
Making financial transactions is not always safe also when it comes to making it online we always have to rethink about our decisions. Trading itself is very risky. Even experienced trader sometimes fail to garb the opportunities and face a loss, so be sure to work accordingly.
Every Online service comes with Pros and Cons. Etrade as well, the following points with picture out what benefits and drawbacks you can face while using Etrade. Let us tell you what are they;
Pros of using Etrade | Etrade Benefits
- Etrade’s online platform is a easy to use service. The tools provided such as its research, investment and trading tools are suitable for both beginners who choose to place basic trades and experienced traders who work with more complex orders.
- It offers all investors with a reasonable minimum deposit fee of $500. This small initial deposit will open the platform to investors of all sizes, whether you are a beginner or have a good level of experience. You can all start your trading journey with a small deposit fee.
- You can choose to operate as an individual investor using financial consultant’s assistance or you can also enjoy the benefit to have your portfolio professionally managed.
Cons of using Etrade
- More expensive trading fee than most online brokers.
- High commissions for infrequent traders.
- Active-trading oriented with perhaps only a few getting the benefits of lower fees.
If you are thinking of making BIG money online by trading than let us tell you that it requires lots of capital. But if you show patience and proceed with the thought of long term business than this online platform will definitely make you a little more richer than you already are. Plus it will increase your trading knowledge and skills.