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E*TRADE Review
A veteran US broker (now part of Morgan Stanley) with strong platforms, research and a well-regarded options tool in Power E*TRADE.
Best for
- US investors
- Options traders (Power E*TRADE)
- Research-minded traders
Not best for
- You need non-US markets
- You want the simplest possible app
Our verdict & scoring
E*TRADE is a long-established US broker offering commission-free stock/ETF trading, solid research, and the capable Power E*TRADE platform favoured by options traders. Now owned by Morgan Stanley, it's a dependable all-rounder for US investors and active traders alike.
Scores are based on our review methodology. Affiliate relationships do not buy higher ratings.
Pros
- Power E*TRADE is great for options
- Strong research and education
- Backed by Morgan Stanley
Cons
- US-only focus
- Two platforms can confuse newcomers
Fees & hidden costs explained
$0 US stock/ETF commissions; $0.65 per options contract (discounts for active traders); futures fees apply.
Safety, regulation & availability
US: E*TRADE Securities LLC is an SEC-registered broker-dealer and FINRA/SIPC member (CRD# 29106), an indirect subsidiary of Morgan Stanley (acquired 2020). Serves US residents.
Account protection: SIPC coverage up to $500,000 (including $250,000 cash); Morgan Stanley carries additional excess-of-SIPC insurance.
Available to retail traders in:
Verify this platform yourself:
Official sources
Risk warning: Trading stocks, options, futures, forex, crypto, CFDs and funded accounts involves risk. You can lose money. This website is educational only and does not provide financial, investment, tax or legal advice.
Leverage, volatility, fees, spreads, liquidity and platform rules can increase losses.
Affiliate disclosure: We may earn a commission when you click some links on our site. This does not cost you extra. Our comparisons are educational and transparent, and our rankings are not affected by commissions.