ETRADE foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.etradest.xyz/pc/Register/reg.html, about the company's legal and temporary regulatory information, the company's address .
ETRADE Forex Broker
Basic Information
China
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Is ETRADE safe or scam
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Etrade Broker - Complete Information Guide
1. Broker Overview
ETRADE Financial Corporation, founded in 1982, is a leading online brokerage firm based in Menlo Park, California. The company operates as a publicly traded entity and is a subsidiary of Morgan Stanley, which acquired ETRADE in 2020 for approximately $13 billion. E*TRADE primarily serves retail investors, providing them with a comprehensive suite of services that includes stock and options trading, mutual funds, and various educational resources.
Over the years, ETRADE has evolved significantly, transitioning from a pioneer in online trading to a robust financial services provider. This evolution includes the acquisition of OptionsHouse in 2016, which enhanced its capabilities in options trading. ETRADEs business model focuses on retail brokerage services, offering a user-friendly platform that caters to both novice and experienced investors.
The firm has established itself as a key player in the online trading space, appealing to a diverse clientele that includes individual investors, retirement account holders, and those seeking to engage in more complex investment strategies. E*TRADE's commitment to innovation and customer service has solidified its reputation as a trusted broker in the financial industry.
2. Regulatory and Compliance Information
E*TRADE operates under strict regulatory oversight, primarily governed by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). The firm holds the necessary licenses to conduct brokerage activities in the United States, ensuring compliance with all applicable laws and regulations.
The regulatory numbers for E*TRADE include:
- SEC: 801-54836
- FINRA: 35431
E*TRADE is also subject to the Commodity Futures Trading Commission (CFTC) regulations for futures trading. The company maintains a strong commitment to client fund segregation, ensuring that customer assets are kept separate from its operational funds. This practice is crucial for protecting clients in the event of financial difficulties faced by the broker.
Additionally, E*TRADE participates in the Securities Investor Protection Corporation (SIPC), which provides protection for clients' securities and cash up to $500,000 (including $250,000 for cash only). The firm implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to prevent fraud and comply with federal regulations.
3. Trading Products and Services
E*TRADE offers a wide array of trading products and services to meet the diverse needs of its clients. The broker provides access to over 6,000 no-transaction-fee mutual funds, a variety of exchange-traded funds (ETFs), and a comprehensive range of stocks and options.
In terms of foreign exchange (forex), E*TRADE does not provide direct forex trading services. However, clients can trade futures contracts, including those linked to currencies. The range of available products includes:
- Stocks
- ETFs
- Mutual Funds
- Options
- Futures
E*TRADE continually updates its product offerings, ensuring clients have access to the latest investment opportunities. The firm also caters to institutional clients with tailored services, though its primary focus remains on retail investors.
4. Trading Platforms and Technology
ETRADE provides its clients with two main trading platforms: ETRADE Web and Power ETRADE. The standard web platform is designed for casual investors, offering essential trading tools and resources. In contrast, Power ETRADE caters to more advanced traders, featuring sophisticated charting capabilities, technical analysis tools, and access to live market data.
The firm does not currently support MetaTrader 4 or 5 but offers its proprietary platforms that are optimized for both desktop and mobile use. The E*TRADE mobile app is available on both iOS and Android, allowing users to trade on-the-go with functionalities that mirror those of the desktop platform.
E*TRADE employs a smart order routing system to ensure efficient trade execution, and its servers are strategically located to optimize performance. Additionally, the broker supports API access for automated trading, providing clients with the flexibility to implement their trading strategies.
5. Account Types and Trading Conditions
E*TRADE offers a variety of account types to accommodate different investor needs. The key account features include:
- Standard Accounts: No minimum deposit requirement, with commission-free trading for stocks and ETFs. Options trading incurs a fee of $0.65 per contract, which drops to $0.50 for clients executing 30 or more trades per quarter.
- Retirement Accounts: E*TRADE provides traditional IRAs, Roth IRAs, and other retirement account options with no annual fees.
- Managed Accounts: For clients seeking a hands-off approach, E*TRADE offers managed portfolio services with varying minimum investment requirements.
The leverage ratios available depend on the type of account and the products traded, with standard leverage typically ranging from 2:1 to 4:1 for margin accounts. The minimum trade sizes vary, and E*TRADE does not offer fractional shares for stocks, although clients can purchase fractional ETFs through its automatic investing program.
6. Fund Management
E*TRADE supports various deposit methods, including bank transfers, credit cards, and electronic wallets. There is no minimum deposit requirement to open an account, making it accessible for new investors.
Deposits are processed quickly, typically within a few business days, and there are no fees for standard deposits. However, E*TRADE does charge a $75 fee for full account transfers to another brokerage.
Withdrawals can be made via bank transfer, and processing times vary but generally take 1-3 business days. E*TRADE does not impose withdrawal fees, which enhances its appeal to active traders.
7. Customer Support and Educational Resources
E*TRADE provides comprehensive customer support through multiple channels, including 24/7 phone support, email, and live chat. The firm also offers educational resources such as webinars, tutorials, and articles covering a wide range of investing topics, from beginner to advanced strategies.
The educational materials are designed to help clients enhance their trading skills and market knowledge, with daily market analysis and research reports available to assist in decision-making.
8. Geographic Coverage and Restrictions
E*TRADE primarily serves clients in the United States, with a limited presence in international markets. The firm has branch locations in major cities across the U.S., providing in-person support for clients who prefer face-to-face interactions.
However, E*TRADE does not accept clients from certain countries due to regulatory restrictions. These include jurisdictions where local laws prohibit the provision of brokerage services.
In conclusion, ETRADE stands out in the online brokerage landscape, offering a comprehensive suite of services and products tailored to meet the needs of both novice and experienced investors. With its user-friendly platforms, extensive educational resources, and commitment to regulatory compliance, ETRADE remains a top choice for individuals looking to engage in the financial markets.
E*TRADE broker continues to innovate and improve its services, ensuring that clients have the tools they need to succeed in their investment endeavors.
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Latest Reviews
小胡52452
Japan
7.27 On my way to Fukuoka that day, when I passed by Okayama Prefecture, I accidentally saw a function added by someone nearby on WeChat, and then I went in and saw that someone added me as a friend. At the beginning, I kept thinking that it must be a Chinese living near Okayama, and I passed the WeChat friends without thinking too much. We didn't chat much on WeChat, and people took the initiative to add my line. A simple chat on the line led to a relationship and asked me what I was doing every day. Without much thought, he shared his life and travel experiences with her. We talked about our hobbies and hobbies and talked about the direction of our life. We said at the beginning that we had a destiny. Later, after I returned to Chiba after playing, I was told how to make money in a few days (that is, on the day of 8.4), and I was very confused at first, so I easily believed her. At first she taught me a lot of financial knowledge. Tell me step by step how to open the platform software (etrade) to make money. Then, when I found out that I was making more and more money, I slowly relaxed my vigilance. Then after a period of time, last Monday (8.15), I tried to withdraw the money, but it was frozen. I was told by the customer service that I had to pay some personal income tax (1747.67USDT) before unfreezing. On the day of 8.18, when I paid my personal income tax, I found that the funds had been frozen. When I withdraw to my Binance account again, although the withdrawal was successful on the platform, I took a look at Binance and re-checked the address originally entered. The result is still not credited to the account, but Binance has not yet credited the account. I asked the customer service and said that the funds fell, so I need to pay another 2000usdt. Really irritating. I tried all kinds of theories with her, but it didn't work. I had to admit that I was unlucky and paid for it. After waiting for 24 hours (that is, 8:00 pm on 8.19), I was told that the lost funds could not be found, so I had to pay another 2500usdt. This time, she was not used to her and the customer service. After discussing with her classmates and friends, she chose to call the police directly. When I called the police, I was told by the police that the evidence was insufficient, and I was asked to go back and prepare the information before going to the police. Then on August 22, I personally went to Tokyo to find a Chinese lawyer and recounted what happened. And show the evidence to the lawyer again. Under the persuasion of the lawyer, he successfully obtained the work card of the other party. It is still under investigation.
Exposure
2022-08-25
FX1539333381
Taiwan
Last year, I met an analyst on the Internet. He introduced me to the group to listen to his explanation of investment knowledge and then brought us into forex. I saw that everyone wants to make money and come back to share it so I feel safe to invest. Who knows it turns out that I lost everything! Later, I find the gourp because I cannot withdraw money and realized that they kicked me out of the group and I knew I was scammed by then!
Exposure
2021-12-03
怀斯
New Zealand
Please do not trade with ETRADE! This is a complete scam company. I have been scammed out of thousands of dollars! I don't know if it will change its name and continue to scam money.
37130
2023-02-23