ETRADE IRA Promotion

E*TRADE IRA Promotion

$600 E*TRADE IRA promo code: ROTH, Sep, Simple, Rollover, Traditional IRA bonus for customers opening new brokerage IRA or non-IRA account or depositing $10,000 into an existing account in 2024.

E*TRADE IRA Promotion

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If you are looking into opening a new brokerage account, E*TRADE may well be worth consideration. The popular broker is offering an attractive cash offer, totaling as much as $600 per customer! To get the full amount of free cash, you will need to make a sizable deposit, but with the tiered rewards system new accounts of all sizes can also benefit. Keep reading for more details.

E*TRADE IRA Bonus Details

The E*TRADE $600 cash offer is available to anyone opening and funding a new account at E*TRADE. The bonus is for new customers, so if you already have an account at E*TRADE you will need to look at one of the other bonus programs.

Deposits must be made within the first 60 days of the account to trigger the bonus cash, and you must open a ‘qualifying’ account (more on these details further along).

This particular cash offer from E*TRADE will pay higher bonus amounts for higher deposits, benefiting those with larger accounts a bit more. There are also a few variations of the bonus that are designed to benefit customers who do not ‘qualify’ for the $3,500 bonus.

Etrade IRA Promotion

Is E*TRADE free to use?

For our readers who are asking if E*TRADE is free to use, the answer is Yes, there is no charge to use the service. There are no account maintenance or inactivity fees at E*TRADE. Minimum to open an account is $500 for a non-retirement account, and $0 for a retirement account.

Like all brokerage firms, E*TRADE is charging commission on many investment products. So in this sense E*TRADE is not free. Here is a table of commission charges from the broker and from its main competitors:

Is E*TRADE good for beginners?

E*TRADE is a well-known online brokerage firm that is a popular choice for many investors. With a plethora of educational materials available, competitive prices as well as access to finance professionals, it is one of the top companies for brokerage, investing and banking services.

But is E*TRADE good for beginner investors? Let's find out.

E*TRADE advantages

When investing your hard earned money, it is always a good idea to have options. E*TRADE offers several options for investing: by yourself, with help or professionally managed. If you're a beginner and wish to invest on your own, it's a good idea to review the online investing courses offered and to utilize the four-step investment process that E*TRADE outlines: plan your strategy, allocate assets, choose investments wisely and monitor your portfolio. If you choose to invest with help, or have your portfolio professionally managed, E*TRADE has experienced traders and brokers at your service, as well as an abundance of educational material at your disposal to keep you up to speed on the investing process.

The E*TRADE website is easy to use and is extremely intuitive, making it a great resource for beginners who may be a bit “skiddish” when it comes to investing online for the first time. Users have access to a ton of free trading tools such as E*TRADE 360, E*TRADE Pro and E*TRADE Mobile. They can also track their portfolio, view up-to-the minute market data and even create an action plan for your retirement money.

If you're an advanced user, the broker's professional trading platform, E*TRADE Pro, allows you to chart and track your investments, and it provides you with daily trends. E*TRADE mobile may be one of the most helpful features of all as it allows you to stay connected to your investments on the go. You can scan barcodes of products you may be interested in and learn about the company behind the product - a great way to invest in a potentially successful start-up!

E*TRADE is known for their excellent customer service and they do a pretty great job at keeping their customers satisfied. They provide users with a ton of online resources like FAQs, forums, online courses, blogs, and even a toll-free number should you need to speak to a person in real time. You may also utilize their chat function where you can speak with an E*TRADE team member during normal trading hours to get advice and fix account issues.

With so much educational material available for beginner investors, it isn't hard to see that E*TRADE really wants their customers to be knowledgeable before and during the investing process. With interactive support, tutorials and tons of free trading tools available to all customers, getting started with E*TRADE is quick and easy, regardless if you're a novice or seasoned investment professional.

E*TRADE cons

The E*TRADE's biggest downside is that it could be expensive compared to some competitors. For example, Firstrade's mutual fund price is $0 while E*TRADE charges $19.95.

E*TRADE's other top competitor, Webull offers options at no charge while E*TRADE charges 65 cents for each option contract.

So how to buy/sell stock, ETF or a mutual fund on E*TRADE?

The process of buying or selling stock, ETF or a mutual fund on E*TRADE is quite simple. Here are the steps:

1. Open an E*TRADE account. You will be asked to provide your financial information as well as contact information. You will also need to set up a user name and password in order to create and access your portfolio. Be sure to set up a secure password that only you will know.

2. Deposit money into your account via your bank account or credit card. This money will be used to fund your portfolio where you will buy/trade stocks.

3. Familiarize yourself with the E*TRADE website, read some of their educational materials, listen to a webinar and contact support if you have questions or need help.

Is etrade good?

4. Take a look at advisor advice and stock charts for recommendations. Go to “Trading and Portfolios” option in the menu. There you can either search or enter the stock symbol for the company which you wish to buy.

5. Decide on the number of shares you wish to purchase. Enter in the amount into the Order menu tab. In order to complete your transaction, a $0 commission fee will be applied to your account.


6. If you wish to sell stock, go to the “Trading and Portfolios” menu in order to see a stock you'd like to sell. Simply chose the “trade” option and enter “sell” to signify the order type. Type the number of shares you want to sell of the particular stock, select “market” save your changes and you're finished.

Updated on 11/9/2023.