Introduction
Etrade has been around for quite some time, but it wasn’t until recently that the company announced it would be offering no commission trades. This news was well received by investors who have been looking for ways to cut down on fees and maximize their returns. In this article, we will explore Etrade’s no commission trades and what it means for investors.
What are No Commission Trades?
No commission trades are trades that do not incur any fees or charges. In the past, investors would have to pay a fee every time they made a trade. This fee could vary depending on the broker and the type of trade being made. No commission trades eliminate this fee, allowing investors to save money and potentially increase their returns.
Why Did Etrade Offer No Commission Trades?
Etrade’s decision to offer no commission trades was likely influenced by the growing competition in the online trading space. Several other brokers, including Robinhood and TD Ameritrade, have already implemented this feature. Etrade is likely hoping to attract new customers and retain current ones by offering this service.
Benefits of Etrade No Commission Trades
The biggest benefit of Etrade’s no commission trades is the potential for investors to save money. By eliminating trading fees, investors can potentially increase their returns. Additionally, the lack of fees may encourage more frequent trading, which could lead to increased profits.
How to Take Advantage of Etrade No Commission Trades
To take advantage of Etrade’s no commission trades, investors simply need to open an account with the broker. Once the account is set up, investors can start making trades without incurring any fees. It’s important to note that there may still be fees associated with other aspects of trading, such as account maintenance or wire transfers.
Is Etrade Right for You?
While Etrade’s no commission trades may be enticing, it’s important to evaluate whether the broker is a good fit for your individual needs. Consider factors such as the types of investments you want to make, the level of customer service you require, and the fees associated with other aspects of trading.
Conclusion
Etrade’s decision to offer no commission trades is a positive development for investors. By eliminating fees, investors have the potential to save money and increase their returns. However, as with any investment decision, it’s important to evaluate whether Etrade is the right fit for your individual needs.
