The application offers users the opportunity to invest on their own terms, providing a platform for commission-free trading of US-listed stocks, ETFs, and options. Users can also trade mutual funds, which can streamline the investment process. With the option of professionally constructed portfolios, the application allows individuals to make more informed investment choices without having to navigate the complexities often associated with selecting individual investments.
To help build confidence among its users, the application features real-time quotes, charts, and essential portfolio information. Users can access a wealth of educational resources, in-depth research materials, and tools designed to help identify investment opportunities. Furthermore, the application includes features such as alerts and watchlists, enabling users to stay updated on their investments’ performance. Additionally, live Bloomberg video streaming is available, along with in-app customer service chat for quick assistance.
The application's banking features enhance its functionality, allowing users to deposit checks, pay bills, and transfer money conveniently. With the E*TRADE debit card, users benefit from unlimited ATM fee reimbursements, making banking and saving straightforward and user-friendly. This integration of banking services along with trading capabilities allows for a comprehensive financial management experience.
It is important to note that while the application offers various investment products and services, these are not insured by the FDIC and come with inherent risks, including the potential loss of the principal invested. Investing in more complex products, such as futures and options, is recommended only for experienced investors due to their associated risks. The application includes disclaimers regarding potential risks and provides access to important documentation that outlines such factors, ensuring users are well-informed before making investment decisions.