ETrade have a great web site and are easy to use. But making money on the stock market is not about a great website or ease of use, it's about knowing that when you hit buy or sell, your deal will execute.
At no time is that more important than when the markets are busy or volatile.
And this ... Read review
Advantages: Easy to use web site. Works well in quiet markets Disadvantages: High failure rate of automatic trades. No stop-loss. Buy/sell prices carry a margin.
ETrade have a great web site and are easy to use. But making money on the stock market is not about a great website or ease of use, it's about knowing that when you hit buy or sell, your deal will execute.
At no time is that more important than when the markets are busy or volatile.
And this is exactly when ETrade will let you down. Only 10% of my trades go through automatically during busy times and the rest sit on a first-come-first-served ... ...manually do the trade.
At busy times, this can (and has in my case) turn well timed, profit-making trades into disastrously timed, loss making wipe-outs. Many of my "buy low" orders at the start of a price run ended up only being executed at the very high at the top of the run, guaranteeing me a loss. And likewise so many of my "sell high" placements at the start of a drop ended up being executed only at the very ... more
ETrade have a great web site and are easy to use. But making money on the stock market is not about a great website or ease of use, it's about knowing that when you hit buy or sell, your deal will execute.
At no time is that more important than when the markets are busy or volatile.
And this is exactly when ETrade will let you down. Only 10% of my trades go through automatically during busy times and the rest sit on a first-come-first-served queue waiting for a dealer to pick it up and manually do the trade.
At busy times, this can (and has in my case) turn well timed, profit-making trades into disastrously timed, loss making wipe-outs. Many of my "buy low" orders at the start of a price run ended up only being executed at the very high at the top of the run, guaranteeing me a loss. And likewise so many of my "sell high" placements at the start of a drop ended up being executed only at the very end of the drop, at the lowest possible point.
The pricinig is also flaky. Consistently they buy at a higher price than the Level 2 data stream shows the real purchase price to be and consistently they sell lower then they could have. I am not sure if that's part of their profit-making or if it's to guarantee the purchase/sale, but shaving that profit margin off you means that for real daytraders, ETrade is unusuable. It's fine for low volume, long term traders but if you want to lose money as a day trader, this is the place that will take your cash.
They also don't have stop-loss automatic trades as opposed to so many other systems. This too is a critical service that can protect you, kinda like a trading version of a car seat belt. A must-have item.
Advantages: easy to use, informative, real-time quotes, quick executions, after-hours trade Disadvantages: there are none
I have read some excellent OPINIONS of E-TRADE written by experienced traders. I would like to thank them one and all.
My OPINION is one of a NEW E-TRADER. I find E-TRADE very easy to use. Type in a company name, get their stock symbol and voila! You will find quotes, daily ranges, charts, profiles, news, 52 wk. highs and lows, etc.---everything you need to begin. Although, I do not rely solely on the information E-TRADE offers. I also use AOL stock ... ...stock. I find AOL'S s research reports and news to be more informative than E-TRADE's in general.
I could not live without E-TRADE'S free real-time quotes. As a new investor that 20 minute delay just drives me up a wall. E-TRADE does not update your portfolio in real-time however. You can use the real-time quotes to calculate it on the side if you wish. I chose E-TRADE because of their reputation for being reliable. I thought my $ would be safe ...
NcNyc 01.05.2001 (15.07.2001)
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Ciao members have rated this review on average: very helpful Review of E*Trade
Advantages: Maybe the 750 ipoints. Disadvantages: High trading charges, high fees, too many rampers.
I opened an E*Trade account through the ipoints (www.ipoints.co.uk) link which gives you 750 ipoints. (Note: you only need 825 ipoints for 3 DVD's..!). There are other "offers" around, I have heard of E*Trade giving £50 in your trading account as an incentive - though I could not find this offer available now.
I was charged a bi-annual administration fee of £25+VAT. (Note: I got a mail saying this fee was now going to be charged on a monthly basis ... ...account.
I find the E*Trade site to be too so slow to log into. I think this may be because you are directed onto a secure site to validate your details, and then passed back to the "normal" site to show you the fundamental data. Once you are logged into the general website, you need to log in again to access your personal trading account.
For in-frequent traders or people just getting started the bulletin boards inside the community hold some ...
PHickman 25.07.2001
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Ciao members have rated this review on average: very helpful Review of E*Trade
Advantages: Easy for beginners. Everything online. Good Bulletin Board Disadvantages: Can be addictive
Etrade is a well established breed of online share trading companies which allows easy trading of UK (LSE), US (DOW/NASDAQ) and ISA equities.
There has been a recent downturn of private investors interested in the stock market due to the marked decline in the stock market over the past year.
However I am confident this is about to change and if you are a new private investor then this is a great time to start investing.
Sign yourself with Etrade ... ...actually get a lot of this back by registering with ipoints first. www.ipoints.co.uk.
Once your account is open then every purchase or sale execution can be performed online. You can set sell limits (kill) or buy limits (fill) orders which is particularly useful in today's volatile market.
The commissions are reasonable and compare favourably with the other competition.
Now, if you are a new investor then the biggest question has got to be...what ...
htanaka 16.06.2001
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Ciao members have rated this review on average: very helpful Review of E*Trade
Advantages: Reasonable cost, good database of information Disadvantages: Cheaper is now available
...small trader, such as myself, E*Trade is perfectly adequate. You can make your purchases and sales online and at a reasonable cost (between £9 - £25 according to the value/number of transactions). You can make a portfolio of your shares and keep track of them on E*Trade on a minute-by-minute basis. HOWEVER, the prices are delayed by 15 minutes (unless you are making a purhcase/sale). You also have free access to information about the companies you ... ...or sales so I find E*Trade perfectly reliable but I have heard that larger traders get annoyed with it because it can sometimes go 'down' at a crucial moment. I must stress that I have had no such problems though and this may be IPO problems rather than E*Trade's! ...
Izzy 10.07.2000
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Ciao members have rated this review on average: helpful Review of E*Trade
Advantages: Good rates and excellent options Disadvantages: Nothing I can think of
...are other options available whereby e*trade can invest your money on your behalf if you do not wish to trade yourself. You can also venture into the spread betting market offered by this company. As one of the largest trading companies available it is a true trading only company. Because it is their sole purpose they offer a service from novice to expert level. I have also read many investment books and many of them recommend this company. I have ... ...ago and they are great. Trades are prompt and easy. The site is very reliable and I had no problems so far - due to size and reputation they can not afford a poor service and will not disappoint you. The communication is clear and very good. I recommend this company to anyone who consider opening and online trading account - forget the rest. ...
Heeverburg 04.02.2008
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Ciao members have rated this review on average: helpful Review of E*Trade
Advantages: Low cost Disadvantages: Very inefficent
I set up an account with TD Waterhouse & regretted it! They lost a £1000 cheque I sent to them to go into my share account. I complained about this and was ignored. After a lot of phone calls, I eventually got through to someone who could help and after having to get a copy of my cheque from my bank got my money back. This all took 5 months!!!
I have since switched to e-trade.co.uk who are much better. Money transfers take place by direct debit which is much simpler ...
NickCraig 13.10.2000
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Ciao members have rated this review on average: helpful Review of TD Waterhouse
Advantages: free and reliable trades/quotes Disadvantages: n/a
one of the best if not the best sites for basic info on trades and iniyial info on companies (fundementals section).
the site provides 'real-time' stock quotes/trades which are updated every few minutes. the accuracy is excellent compared to some other sites i've used before and the layout of how to use the info available is easy and simple to follow.
most of the services available are free but there is a premium service that you can subscribe to if you are a more serious trader (probably more suited for day traders). the premium service i believe provides more detailed info about the trades (e.g. between market makers, delayed trades, etc) this level 2 data is available at £35 + vat per month (at the time of typing this note).
all in all a very good site that is accessed for nothing. i like it so much that if it was customary to pay ...
kleft 31.12.2000
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Ciao members have rated this review on average: helpful Review of advfn.com
Advantages: Recently added electronic transfer of funds in and out of account. Disadvantages: Had problems selling shares on NYSE, eventually resolved, but email messages from staff showed confusion.
Since being taken over by American Express they have allowed you to transfer money electronically (via direct debit). This has reduced the time taken to get funds into the account, though it is still a manual transact, you need to move the money over 3 working days before. It would be better if they would allow future payment via automated direct debit, as many traditional brokers do (t+5). Had a few problems when trading stocks (in certificate form) on the NYSE, eventually resolved. The general layout of the site is a little cluttered, it makes extensive use of frames that lend nothing to the sites usability. Not quite up with the functionality that would be provided by an american broker like Datek, E*Trade, or Charles Schwab. ...
kryptic 16.06.2001
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Ciao members have rated this review on average: somewhat helpful Review of Sharepeople
