Uncovering the Best E*TRADE Alternatives for Savvy Investors
E*TRADE has long been a powerful force in the online brokerage world, offering a robust platform for trading stocks, options, and mutual funds, complete with real-time quotes, account management, and extensive research tools. Its mobile application boasts features like voice commands for quotes and trades, remote check deposits, and secure access. However, even with its comprehensive offerings, investors often seek an E*TRADE alternative that better aligns with their specific trading styles, fee preferences, or desired feature sets. Whether you're a beginner or an experienced trader, exploring other platforms can uncover opportunities for better performance or a more tailored user experience.
Top E*TRADE Alternatives for Your Investment Needs
If you're looking to diversify your brokerage options, explore different fee structures, or find a platform with a more specialized focus, these E*TRADE alternatives offer a compelling range of features for every type of investor.
Robinhood
Robinhood offers a compelling E*TRADE alternative with its focus on zero-dollar ($0) commissions for self-directed individual cash or margin accounts. Available on Free, Web, Android, and iPhone, it's an excellent choice for those prioritizing cost-effective investment, options trading, portfolio management, and general trading without the typical brokerage fees.
MetaTrader
As a world-leading multi-asset platform, MetaTrader stands out as a powerful E*TRADE alternative, particularly for those interested in Forex, Stocks, Futures, and CFDs. It's available for Free on Windows, Web, Android, iPhone, Android Tablet, iPad, and Wine, offering advanced features like Automated Trading, Price alerts, Algorithmic trading, comprehensive Charts, Exchange capabilities, Fundamental analysis, and a robust Trading platform.
Seeking Alpha
Seeking Alpha is a strong E*TRADE alternative for investors who prioritize timely news and market-moving analysis on the stocks they follow. Available for Free on Web, Android, iPhone, Android Tablet, and iPad, its features include detailed Stock Charts, Stock Watchlists, Business Intelligence, Charts, Graphs, News, and a powerful News aggregator, making it ideal for research-driven decisions.
Protrader
Protrader offers a professional multi-asset trading environment, making it a compelling E*TRADE alternative for serious traders. It supports major markets including forex, options, stocks, futures, and CFDs, and is available for Free on Windows, Web, Android, and iPhone. Key features include Automated Trading, Futures trading, Options trading, and a comprehensive Trading platform.
TD Ameritrade
TD Ameritrade is a robust Freemium E*TRADE alternative known for its innovative trading technology, user-friendly tools, and extensive investor education. Accessible on Windows, Web, Android, iPhone, Android Tablet, and iPad, it's an excellent choice for those seeking comprehensive Investment and Portfolio management features.
Sierra Chart
Sierra Chart serves as a professional Trading platform that can be a strong E*TRADE alternative for dedicated traders. Available as Freemium software on Windows, it supports Manual, Automated, and Simulated Trading, alongside features like Futures trading, Options trading, and portability, making it ideal for in-depth market analysis and execution.
Interactive Brokers
Interactive Brokers is a Commercial E*TRADE alternative providing deep discount electronic access to trading Stocks, Options, Futures, and Forex. Available on Web and iPhone, it's suited for active traders who benefit from its Business Intelligence, Investment, Portfolio, and Trading functionalities.
AmiBroker
AmiBroker is a Commercial Windows-based E*TRADE alternative that serves as a professional tool for individual investors. It features an advanced formula language for indicators and trading systems, comprehensive back-testing reports, and powerful filtering capabilities, making it excellent for Portfolio management, Exchange trading, and in-depth Trading analysis.
Morningstar
Morningstar stands as a leading Free E*TRADE alternative for independent investment research. Available on Web, Android, iPhone, Android Tablet, and iPad, it offers invaluable Business Intelligence, Charts, Graphs, and Portfolio management tools, making it ideal for investors who rely on robust data and analysis.
Sentieo
Sentieo is a Modern Equity Research Platform developed by Buysiders for Buysiders, making it a compelling Free E*TRADE alternative for serious market participants. Accessible on Mac, Windows, Android, iPhone, and Chrome OS, its core features include powerful Business Intelligence, Charts, and Graphs for in-depth analysis.
Ultimately, the best E*TRADE alternative depends on your individual investment goals, trading frequency, and preferred platform features. Take the time to explore these options, consider their strengths and weaknesses, and choose the platform that empowers you to make the most informed and effective investment decisions.