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E*TRADE

From Morgan Stanley

Best for: Options traders who want a volume discount

$0.65

Options / contract

$0

To open

$0

Yearly fee

As of · sources in Details

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Pros

  • $0 stock, ETF and mutual fund trades online
  • Options discount at 30+ trades a quarter
  • Strong tools for active traders

Cons

  • Website can be hard to navigate, per reviewers
  • Low interest on uninvested cash, per reviewers

Who it fits

You trade options regularly

What reviewers say

Reviewers like E*TRADE's easy tools, support and rare options discount for frequent traders. Some find the website hard to navigate, and interest on uninvested cash is low.

Paraphrased from NerdWallet, E*TRADE review; NerdWallet, Best brokers for beginner investors.

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Details: full breakdown and sources

The numbers

Online US stock & ETF trades
$0As of · source
Options, per contract
$0.65$0.50 with 30+ trades a quarter.As of · source
Minimum to open
$0As of · source
Annual account fee
$0No maintenance fees; other fees may apply.As of · source

The breakdown

A Morgan Stanley brokerage with $0 trades, easy tools, and the Power E*TRADE platform for active traders.

E*TRADE charges $0 for US stock, ETF and mutual fund trades online. Options cost $0.65 per contract, or $0.50 if you make 30 or more trades a quarter.

There's no account minimum and no maintenance fee on its brokerage account. Power E*TRADE adds charting and options tools for people who trade often.

Review themes, point by point

  • Reviewers like E*TRADE's easy-to-use tools and its customer support.
  • The options discount for frequent traders is a plus that few others match.
  • Some find the website hard to navigate.
  • Interest on uninvested cash is described as low.

Reviews reflect each publisher's view on the day they wrote it.

All pros

  • $0 stock, ETF and mutual fund trades online
  • Options discount at 30+ trades a quarter
  • Strong tools for active traders

All cons

  • Website can be hard to navigate, per reviewers
  • Low interest on uninvested cash, per reviewers

Might fit if

  • You trade options regularly
  • You want an advanced platform and an easier one in the same account

Maybe look elsewhere if:

  • You only buy index funds a few times a year and want the simplest setup