I have a 401(k) through my employer and a brokerage account with E Trade. A few years ago, I also opened a Roth IRA with them. I often see people recommending platforms like Vanguard, Fidelity, and Schwab, but rarely E Trade. What are the advantages and disadvantages of using E Trade for these accounts?
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I have been using it for many years and can’t understand why more people don’t. I use it solely for a brokerage account and long-term investing, not trading.
Trades are free, and the UI is better than the alternatives I have tried. I have not encountered any issues with it. I mainly use it through the browser on desktop.
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Similar setup here. I have my long trades in ESPP/RSUs and etrade never had any problems with those. Next, Think or Swim (Schwab) for trading, primarily because TOS has a more user-friendly structure for trading than the website of etrade.
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I use multiple brokers, and I find that E*TRADE is where I perform more in-depth analysis of companies. They offer useful charts, analyst research, and other tools.
They support almost all the same securities as Fidelity, so I don’t see much difference between the two brokers. In my opinion, either E*TRADE or Fidelity would be a good choice.
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I owned ETrade for a long time before lately. They performed an excellent job, and if it weren’t for their low interest rates on sweep accounts and their refusal to charge interest on funds used as collateral for options, I probably would still be with them.
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On the other hand, they offer a pretty decent high-yield savings account that you can use to park cash you’re not planning to use right away.
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Yep, I am using that too. 