 "Lousy, very newbie software" - tenthousandmen | January 31, 2012 9:00 AM |
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If you're just getting into investing, use NinjaTrader. You can get it for free, and then buy it for $55/mo when you go live. You'll be glad you did. Power E*TRADE Pro is Windows 3.1, and Ninja is Windows 7 Ultimate or OSX Lion. That is truly an honest comparison - Ninja will even do HFT. |
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 "Superb customer service" - newwurldmn | January 31, 2012 6:53 AM |
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My view on a broker is that they should be there to serve you. Etrade's customer service is fantastic. They will call if there is any problem and getting a hold of a real person who can answer your questions is very easy. Branch offices are nice as well as you can stop in and have any question or request fulfilled on the spot.
It's not a high speed traders platform, but I do trade a lot of options (>5000/day) and their execution has been surprisingly good.
They are accomodating with margin calls by giving you reasonable time to cut your positions your way.
Negatives is that they are slow to get new products online. For example weekly options weren't available until early 2011. At the moment they don't allow naked selling of VIX puts. Commissions are higher than IB's, but if you are a high volume trader, they will work with you on that. |
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| "Great customer support, blows IB away, software not professional" - GordonTheGekko | September 01, 2011 12:02 PM |
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Software is cool but not great on backtesting. Fast, reliable, great customer support. Debit card and check book linked straight to the brokerage account is great backup. |
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| "Good for the retail trader." - mavericktrader | February 03, 2010 12:49 PM |
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Good for the retail trader. Commissions are high for a professional though. |
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| "Halo?" - muller | January 30, 2010 7:19 AM |
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They advertise this platform like a computer game. This was my very first "direct access" platform back in 1999/2000 when I was a rookie trader. And it totally felt like playing a game "beating wall street".
This program downloads from the internet everytime you open it, it's not installed on your harddisk. Order entries were quite okay, and the fills were quick too. Their technical analysis tools are really just toys. Back then their commissions was at 19.99 for a trade. Then you could work your way down to 9.99 if you made 500 or more trades per month. Each month I got a huge refund from ETrade which was quite sweet. Today they're starting right off with 9.99, and you work your way down to 7.99, which is still way too much if you're a serious and active trader.
It's newbie toy. Don't use it if you want to make a living as a trader. |
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