E*Trade Financial Review
Is E*Trade better than other investing, brokerage, and platforms readily available to investors?
What is E*Trade?
I'd like to spend a moment to talk to you about one platform called E*TRADE, which I'm sure you know about by now if you're reviewing this video. E*TRADE is one of many brokerages the opportunity to invest in publicly traded companies. E*TRADE offers a bunch of opportunities for you to get started.
What are the positives about E*TRADE? What are the things they do well? Well, it's so easy to open an account, anyone can do it.
Whether you're technologically sound or not, E*Trade makes it easy for anyone to use their platform, and I think that's a great thing for people that want to spend more time researching stocks and companies and less time worrying about technical difficulties or obstacles. Another thing is the low minimum that E*TRADE offers. In other words if you have let's say, only $500 and that you're ready to invest or if you got $20,000,000 to invest, E*TRADE is an open democratized place for you to start investing. There's a low minimum, only $500 is required to open up a basic E*TRADE account. Now, I want to say this because I have personal experience. There's a few criteria that I rate startups on and I rate companies on. The first is what I use them for.
E*Trade makes it easy for everyone to sign up, open an account and start investing.
I'm actually a member of E*TRADE, I'm part of the Platinum Wealth Team and I've invested in companies through their platform. I'm a client in their Platinum Wealth Group and I have to say without a doubt, they're the best in the industry. I've worked with some phenomenal team members there and I look forward to work with many more. First, I've used the platform. Second the affordability of the platform. It's easy and it's inexpensive to use. Another criteria that I use in ranking is not just affordability but also ease of use or usability. How easy is it to use E*TRADE? As I mentioned, it's as easy as it gets. Anyone can sign up for an account. The last thing that I recommend you look at when you're investing in a platform like E*TRADE is what is the customer service like? As I mentioned, if you're at any level whether you're Platinum or whether you're just getting started, their ease of use as well as affordability is combined with awesome customer service.
At the drop of a hat, you can call up E*TRADE, press a couple of buttons and boom, you're talking to one of the online analyst and intelligent brokers of the E*TRADE team.
How else can E*Trade improve?
I believe that E*TRADE could improve. Even though I've ranked then 4 1/2 stars out of 5, I think that they should reduce their options trading fees and make the margin accounts more accessible for the average investor.
Remember options are just a contract that gives you the option to buy something down the road. It also serves an option server as way to hedge your risk. If you have an E*TRADE account and you have a large position in one stock and you want to offset your future risk, you might buy puts or calls depending on where you are, whether your bullish or bearish. I would like E*TRADE to reduce their options fees. I think they're missing out on a lot of potential investors and traders as a result. Overall, as I mentioned it's a 4 1/2 stars out of 5. I could not speak more highly except for a couple of things, which is that they still should work on lowering their fees for trading to some extent.
If you're not trading options and you want to just an awesome account, definitely open up an E*TRADE account. I cannot speak more highly of them. I love E*TRADE and I think you should check it out too. If you want to learn about E*TRADE or investing period, make sure to get in contact with us. We look forward to speaking with you!