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E*TRADE from Morgan Stanley is a top all-around brokerage in 2026 -- and this year it finally added two features we've been waiting for. You can now buy fractional shares and trade crypto directly, two things customers couldn't do a year ago.
Add in $0 commissions on stocks and ETFs, a new lineup of 0% expense-ratio index funds, and the pro-grade Power E*TRADE platform, and you get an excellent broker for first-timers and active traders alike.
Beginners get a clean app that's easy to learn. Active traders get serious charting and options firepower. Here's my honest take on where E*TRADE shines -- and where it still comes up short.
E*TRADE offers low fees and tons of account types. If you need it, chances are, E*TRADE has it. You can access advanced features through its popular Power E*TRADE platform. Open an E*TRADE account to trade fee-free mutual funds and do all your investing in one place.
Commission-free; other fees apply
$0
Open and fund a brokerage account and get up to $1,500. Terms apply.
On E*TRADE's Secure Website.
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Our aim is to maintain a balanced best-of list featuring top-scoring brokerages from reputable brands. Ordering within lists is influenced by advertiser compensation, including featured placements at the top of a given list, but our product recommendations are NEVER influenced by advertisers. Learn more about how Motley Fool Money rates brokerage accounts.
At Motley Fool Money, brokerages are rated on a scale of one to five stars. We primarily focus on fees, available assets, and user experience; however, we also take into account features like research, education, tax-loss harvesting, and customer service. Our highest-rated brokerages generally include low fees, a diverse range of assets and account types, and useful platform features.
Our aim is to maintain a balanced best-of list featuring top-scoring brokerages from reputable brands. Ordering within lists is influenced by advertiser compensation, including featured placements at the top of a given list, but our product recommendations are NEVER influenced by advertisers. Learn more about how Motley Fool Money rates brokerage accounts.
E*TRADE's biggest strength is range. It's easy enough for a first-time investor on day one, but it has the depth to keep an active trader happy for years. Here are the features I like most.
The core E*TRADE app is clean and simple, which matters a lot when you're just starting to invest. Opening an account, funding it, finding investments, and placing your first trade are all straightforward.
Most new investors don't need fancy features, and E*TRADE covers the basics without clutter. You can build watchlists and track performance, then lean on more advanced tools as your confidence grows.
Power E*TRADE is the platform for serious, active traders. It puts charts, watchlists, and order tickets on one "mission control" screen, and you can use it on web, mobile, or desktop.
Standout tools include:
It's one of the better options trading platforms out there.
E*TRADE now offers fractional-share trading, a feature released in mid-2026. You can buy a slice of an eligible stock or ETF for as little as $5, so a high share price no longer keeps you out.
The rollout is still expanding -- it started with a set of eligible stocks and ETFs and keeps growing. Check the trade ticket to confirm a specific stock qualifies before you buy.
E*TRADE supports stocks, ETFs, options, mutual funds, bonds, and CDs. Like most of today's best brokers, it charges $0 commissions on online U.S.-listed stocks, ETFs, mutual funds, and options.
Another unique perk for long-term investors: E*TRADE offers a handful of index funds with a 0% expense ratio, covering large-cap, total market, international, municipal bonds, and U.S. bonds. That's the kind of low-cost, "set it and forget it" core I like for a buy-and-hold portfolio.
It's also solid for retirement savers, with traditional, Roth, and other IRAs on offer -- worth a look if you're comparing the best IRA accounts. And if you want cash and investments under one roof, E*TRADE offers banking too, including a savings account and CDs.
E*TRADE lets eligible investors buy into IPOs before they hit the open market, through its New Issue Center. Being part of Morgan Stanley (one of Wall Street's biggest IPO underwriters) gives it a pipeline to new deals that most brokers can't match.
That's a genuine edge if you like getting in early on new listings -- and it's a big reason E*TRADE lands on lists of the best brokers for IPO access.
Here's how it works. You complete an investor profile so E*TRADE can confirm you're eligible, review the prospectus, then submit a conditional offer to buy. Just know that access to all IPOs isn't a sure thing. Shares are limited, E*TRADE allocates them at its own discretion, and you may end up with fewer than you asked for, or none at all.
E*TRADE now supports direct crypto trading, another gap it closed in 2026. You can buy, sell, and hold Bitcoin, Ethereum, and Solana through a linked account, with a trading fee of 0.50%.
That's a shorter list of cryptocurrencies than a dedicated crypto exchange. But for investors who want a little crypto next to their stocks, it's a convenient option that didn't exist here before.
We recommend comparing brokerage options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of our best trading platforms of 2026.
| Broker | Best For | Commissions | Learn More |
|---|---|---|---|
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
|
Full-service investing at every experience level | $0 commission for online U.S. stock and ETFs*. No account fees****. |
Learn More for Fidelity
On Fidelity's Secure Website. |
4.90/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
|
Low-cost investing with a full-featured platform | $0 stock, ETF, and Schwab Mutual Fund OneSource® trades. No fees to buy fractional shares. |
Learn More for Charles Schwab
On Charles Schwab's Secure Website. |
4.80/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
|
Low fees on stocks, ETFs, crypto, and options | $0 on trades of stocks, ETFs and their options. Other fees may apply. |
Learn More for Robinhood
On Robinhood's Secure Website. |
E*TRADE does a lot right, but a few things could be dealbreakers for certain investors.
As of the 2026 launch, E*TRADE's crypto lineup only covers Bitcoin, Ethereum, and Solana. If you want a wider menu or advanced crypto features, a dedicated exchange will serve you better. The 0.50% trading fee is relatively low, but not rock-bottom -- which is only a real problem for high-volume traders.
Basic stock and ETF trades are commission-free, but advanced trades cost more. Options cost $0.65 per contract, and futures are $1.50 per contract.
E*TRADE no longer charges its own early-redemption fee on online mutual fund trades, but individual funds can still have their own expense ratios or short-term redemption rules, so read the fine print.
Here are the main pricing points:
| Investment Type | E*TRADE Online Pricing (Typical) |
|---|---|
| Stocks & ETFs | $0 |
| Mutual funds | $0 |
| Options | $0 + $0.65 per contract (or $0.50 with 30+ trades per quarter) |
| Futures | $1.50 per contract |
| Bonds & CDs (online secondary trades) | $1 per bond (min $10, max $250) |
| Crypto | 0.50% per trade |
Note: Some funds carry their own expense ratios or redemption rules, and certain products or trade methods can be priced differently.
E*TRADE's main customer service line is available 24/7. You can reach a representative about a brokerage or bank account at 800-387-2331 any time, day or night, which is a real comfort if a problem pops up after hours.
E*TRADE also offers live chat and a searchable online help center, both reachable from its website and mobile app. There are no physical branches, so all support is remote.
Getting started with E*TRADE is quick:
Already have investments elsewhere? See our guide on how to transfer stocks between brokerages to move them over.
E*TRADE is a strong all-around brokerage that works for newer investors and active traders alike.
The standard experience is clean and covers what most people need, while Power E*TRADE brings depth for charting and options.
In 2026, E*TRADE rolled out crypto spot trading, fractional share investing, and a few other platform enhancements. It's a full-featured broker that can serve almost any retail investor's needs.
If you want a well-rounded brokerage, E*TRADE is a smart pick. Ready to start? You can open an account on E*TRADE's website.
Yes. E*TRADE now offers direct crypto trading, letting you buy, sell, and hold Bitcoin, Ethereum, and Solana through a linked account. The trading fee is 0.50% per trade. The available crypto list is smaller than a dedicated crypto exchange, but it sits right alongside your other investments.
Yes. E*TRADE added fractional-share trading in 2026, so you can buy a slice of an eligible stock or ETF for as little as $5. The feature is still expanding to more securities, so check the trade ticket to confirm a specific stock qualifies before you buy.
Morgan Stanley owns E*TRADE. Morgan Stanley acquired E*TRADE in 2020, and the platform now operates as "E*TRADE from Morgan Stanley." Your self-directed accounts still work the same way, with Morgan Stanley's resources behind them.
There's no minimum deposit to open an E*TRADE account. Some mutual funds or ETFs set their own minimum purchase amounts, so plan for those when you fund the account.
Yes. E*TRADE accounts carry SIPC protection up to $500,000, which covers securities if the brokerage fails. That protection does not cover normal market losses -- if your investments drop in value, that risk is still yours.
Motley Fool Stock Disclosures
Joel O'Leary has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Bitcoin, Ethereum, and Solana. The Motley Fool has a disclosure policy.E*TRADE services are available just to U.S. residents.
Fidelity disclosure
Investing involves risk, including risk of loss
* - $0.00 commission applies to online U.S. equity trades and exchange-traded funds (ETFs) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (historically from $0.01 to $0.03 per $1,000 of principal). Other exclusions and conditions may apply. A limited number of ETFs are subject to a transaction-based service fee of $100. See full list at Fidelity.com/commissions. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Institutional® are subject to different commission schedules.
**Fidelity Crypto® is offered by Fidelity Digital Assets®. Investing involves risk, including risk of total loss. Crypto as an asset class is highly volatile, can become illiquid at any time, and is for investors with a high risk tolerance. Crypto may also be more susceptible to market manipulation than securities. Crypto is not insured by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation. Investors in crypto do not benefit from the same regulatory protections applicable to registered securities. Fidelity Crypto® accounts and custody and trading of crypto in such accounts are provided by Fidelity Digital Asset Services, LLC, which is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business (NMLS ID 1773897). Brokerage services in support of securities trading are provided by Fidelity Brokerage Services LLC (“FBS”), and related custody services are provided by National Financial Services LLC (“NFS”), each a registered broker-dealer and member NYSE and SIPC. Neither FBS nor NFS offer crypto as a direct investment nor provide trading or custody services for such assets. Fidelity Crypto and Fidelity Digital Assets are registered service marks of FMR LLC.
***Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.
****Zero account minimums and zero account fees apply to retail brokerage accounts only. Expenses charged by investments (e.g., funds, managed accounts, and certain HSAs) and commissions, interest charges, or other expenses for transactions may still apply. See Fidelity.com/commissions for further details.
Robinhood disclosure
Margin borrowing increases your level of market risk, as a result it has the potential to magnify both your gains and losses. Before using margin, customers must determine whether this type of strategy is right for them given their investment objectives and risk tolerance. Regardless of the underlying value of the securities you purchased, you must repay your margin loan. Robinhood Financial can change its maintenance margin requirements at any time without prior notice. If the equity in your account falls below the minimum maintenance requirements (varies according to the security), you'll have to deposit additional cash or acceptable collateral. If you fail to meet your minimums, Robinhood Financial may be forced to sell some or all of your securities, with or without your prior approval. For more information please see Robinhood Financial's Margin Disclosure Statement, Margin Agreement and FINRA Investor Information.
Margin trading involves risk and may not be suitable for all investors. Borrowing on margin increases your level of market risk and can amplify both gains and losses.
Robinhood Financial may change maintenance margin requirements at any time without prior notice. If the equity in your account falls below minimum maintenance requirements, you may need to deposit additional cash or collateral. If those requirements are not met, Robinhood Financial may sell securities in your account without prior approval.
The 3% matching on annual contributions requires a subscription with Robinhood Gold ($5/mo) and customers must stay subscribed to Gold for 1 year from the date of the first eligible deposit to keep the full Gold match. The funds that earned the match must be kept in the account for at least 5 years to avoid a potential Early IRA Match Removal Fee. Match rate subject to change. Non-Gold customers receive a 1% match. Offer only applies to self-directed IRAs. For more information refer to the IRA Match FAQ.
You must have compensation (wage income) in order to contribute to an IRA. Funds being contributed into or distributed from retirement accounts may entail tax consequences. Contributions are limited and withdrawals before age 59 1/2 may be subject to a penalty tax. Robinhood does not provide tax advice; please consult with a tax adviser if you have questions.
The Robinhood IRA is available to any U.S. customer with a Robinhood brokerage account in good standing.
Robinhood Strategies charges an annual management fee of 0.25% on the net portfolio value of each managed account. Eligible Robinhood Gold subscribers pay no management fees on the portion of their managed account net portfolio value that exceeds $100,000, thereby limiting the annual management fee to $250. Other fees apply.
All investments involve risk and loss of principal is possible.
Brokerage services are offered through Robinhood Financial LLC, ("RHF") a registered broker dealer (member SIPC) and clearing services through Robinhood Securities, LLC, ("RHS") a registered broker dealer (member SIPC).
RHF and RHS are not banks. All are separate but affiliated entities. Securities offered by RHF are not FDIC insured and involve risk, including possible loss of principal.
Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC.
Portfolio management of managed accounts by Robinhood Asset Management, LLC ("Robinhood Strategies"), an SEC-registered investment advisor.
Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before trading options.
Cryptocurrency trading is offered through Robinhood Crypto, LLC (NMLS ID 1702840). Trading and holding digital assets involves significant risk, including the risk of substantial loss. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.
*Trading and owning digital assets involves significant risk, including the risk of substantial loss. Cryptocurrency trading is offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the
New York State Department of Financial Services. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.
** Network fees may apply. Availability may be subject to regulatory approval in certain states.