E*Trade Review

If you do not have $2,000 to invest and hold in the platform, you should not use E Trade’s website for trading.

Power E Trade Platform

Power E Trade is generally useful for advanced traders and uses innovative trading technology on a online brokers trading platform.

They have converted their downloadable platform to a web based trading platform, and the paper trading account is excellent and allows you to trade paper money on the platform with investment advice and ETF trades and free transaction fee mutual funds while you are pursuing active trading.

E Trade offers Power E Trade if funded with an investment account within three days. E trade offers access to financial advisors and standard transaction fee mutual funds. Unfortunately, E trade offers futures data only with a $2,000 deposit minimum.

Opening an Account

Opening a Power E Trade account is relatively easy, but it does require more information about your liquidity and occupation than the web platforms or mobile trading platforms. The Power E Trade trading platform requires a minimum deposit information and Power E Trade is not meant for passive investors. Advanced traders, options trade, futures traders, and traders who use research offerings and support and resistance lines and active trading along with technical patterns are the core target audience for Power E Trade.

Here you can see the E trade review of the power E trade online brokers and active traders agreements which are fairly complicated: https://express.etrade.com/etx/rtao/ma/disclosures.

E trade’s Power E Trade is meant for active traders who are liquid and can handle levels of risk in options trades and futures trading that are appropriate for advanced investors, not new investors.

Here are the disclosures needed for Power E Trade for options trades, futures trading on margin, and other characteristics of the Power E Trade trading platform. The information needed to open a Power Etrade Account far exceeds a web trading platform or e trade mobile platform.

Some important information from the disclosures is that the ETF E*TRADE Securities LLC (ETS) is registered with the Securities and Exchange Commission (SEC) as a broker-dealer and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Securities Investor Protection Corporation (SIPC) protects your brokerage account up to $250,000.

ETS was founded in 1982 and conducted its first online trade in 1983.

There is no minimum deposit or minimum investment to open an ETS (Etrade Securities) account for E Trade’s innovative trading technology, trading platform, free streaming market data, options trading, futures traders, educational resources, international markets, market research, $0.00 transaction fee mutual funds, independent research reports, or to place trades.

However, to make any trades a minimum investment is needed and varies depending on the asset being traded.

Thematic Investing

One unique investment option E Trade provides is “thematic investing” where you can invest in climate sustainability, space exploration, communications, infrastructure, hedging inflation, and more. These thematic investing choices help you find ETFs to build a portfolio based on large trends you think will require large investments by society, and allow you to benefit from the returns from these activities.

Morgan Stanley Investing Essentials and Markets and Research

One major strength E trade has is access to Morgan Stanley research and investing knowledge. One good example of this is “Six Ideas to Watch in 2023“.

1. Will Fed Tightening Snuff Out Stocks?
2. Can Global Air Traffic Recover?
3. Is the Metaverse a Real Opportunity?
4. Are Investors Underestimating the Zero Emission (ZEV) Adoption Curve?
5. Are Indian Stocks Overvalued?
6. Can Chinese Equities Make a Comeback?

As you can see, this one article covers a variety of risk and return scenarios. Morgan Stanley also has excellent forecasts for 2022.

2023 Outlook Growth Despite Inflation

Morgan Stanley discusses the dangers of inflation, and then provides a global forecast where they are on the higher end of consensus forecasts. This market research is excellent and a major asset when it comes to E Trade trading ideas.

Offer valid for new E TRADE Securities customers opening one new eligible retirement or accounts by 4/18/2022 and funded within 60 days of account opening with $5,000 or more. Promo code ‘BONUS23’.

Cash Credit for Deposit Amount

• $50 for $5,000–$19,999
• $100 for $20,000–$49,999
• $200 for $50,000–$99,999
• $300 for $100,000–$199,999
• $600 for $200,000–$499,999
• $1,200 for $500,000–$999,999
• $2,500 for $1,000,000–$1,499,999
• $3,500 for $1,500,000+

How it works:

E trade review bonus opening account credit. Open a new eligible E trade brokerage or retirement account.

Enter promo code ‘BONUS23’ when opening the new account. Use promo code BONUS23 only once for one account.

Fund your new account within 60 days of account opening. Cash credits will be granted based on deposits of new funds or securities from external accounts made within 60 days of account opening. Your reward will be paid within seven business days following expiration of the 60 day period.

Transaction fee funds are $19.99, load funds can vary depending on the prospectus. To discourage short-term trading of mutual funds, E Trade charges an Early Redemption fee of $49.99 on redemptions or exchanges of no-load, no transaction fee funds that are for less than 90 days.

Retirement investors

E Trade offers a professionally managed bond portfolio customized to your individual needs. A professionally managed advisory solution to help reach your financial goals. This requires an account value of $500 and charges a flat 0.30% annual advisory fee.

Blended Portfolios

A blended portfolio works with financial consultants to choose a diversified portfolio, with significant minimum deposits needed.

Account Market Total (Minimum of $25,000) Blended Financial Consultants Fee

• $100,000 0.90%
• $150,000 0.80%
• $250,000 0.75%
• $500,000 0.70%
• Next $1,000,000 or more 0.65%

Power E Trade Mobile App

The Power E Trade Mobile app is where the mobile trading really shines for E Trade. They have built a system that:

Quickly trade stocks, ETFs, simple and complex options, and futures on single streamlined trade tickets.

Options strategies with options chains and custom and four-legged spreads.

Trade analysis with interactive charts and technical studies.

Market movement with streaming quotes, news, earnings, dividends, depth view, gains and more.

Day trading overview

FINRA rules describe a day trade as the opening and closing of the same security (any security, including options) on the same day in standard brokerage accounts.

Pattern Day Trader Accounts

Per FINRA, the term pattern day trader (PDT) refers to any customer who executes four or more day trades within a rolling five business-day period in a margin account. Keep in mind a broker-dealer may also designate a customer as a pattern day trader if it knows or has a reasonable basis to believe the customer will engage in pattern day trading. Once an account is designated a PDT account, it remains a PDT account until it is reset by the broker-dealer.

In regards to margin requirements, the minimum equity required for the accounts of customers deemed to be pattern day traders is $25,000. This minimum equity must be deposited in the margin account before the customer may open trades and must be maintained in the customer’s account at all times.

If a PDT account’s value closes below the $25,000 requirement, the customer will be issued a day trading minimum equity margin call the next business day, and the account will be moved to restricted status until the account value is brought above $25,000.