E*TRADE Account Types

E*TRADE offers a variety of account types to cater to different investment needs:

• Brokerage Account: This is a standard investing account where you can trade stocks, ETFs, mutual funds, options, bonds, and more. There are no minimum funding requirements, and you can start trading with $0 commissions for online U.S.-listed stock, ETF, mutual fund, and options trades.

• Retirement Accounts: E*TRADE provides several tax-advantaged retirement accounts, including:

• Traditional IRA: Funded with pre-tax income, allowing for tax-deferred growth.
• Roth IRA: Funded with after-tax contributions, offering tax-free growth and withdrawals in retirement.
• Rollover IRA: For transferring assets from an old employer's plan or another IRA.
• SEP IRA: Designed for self-employed individuals and small business owners.
• Savings and Checking Accounts: E*TRADE also offers competitive-rate savings and checking accounts that are FDIC insured.

E*TRADE Broker Account Opening Process

Opening an E*TRADE account is a straightforward process that can typically be completed in about 10 minutes. Heres how to do it:

• Choose Account Type: Go to the E*TRADE website and select the type of account you want to open (e.g., brokerage or retirement account).

• Complete Application: Fill out the online application with your personal information, including:

• Residential address
• Date of birth
• Social Security number or Employment Identification Number
• Contact information of your current employer (if applicable)

• Funding Your Account: You can fund your account instantly online or by mailing in your initial deposit. E*TRADE does not require a minimum funding amount for brokerage accounts, but a minimum of $500 is needed for individual brokerage accounts within 60 days to keep it active.

• Review and Submit: Review all the information you have entered, create a username and password for account access, and click "submit." After submission, you will receive your account number.

• Start Trading: Once your account is funded and the funds have cleared, you can begin trading.

For further details, you can visit the E*TRADE website at E*TRADE Account Information.