Etrade Financial Corporation was founded in 1982 in Palo Alto, California. It evolved into one of the highest rated financial services company. Operating from the heart of the U.S. i.e New York City, E-trade is primarily an online discount stock brokerage firm. It caters to a special niche of investors the self-directed. It provides a platform for the investors to allow them buying and selling of securities. These securities may include; options stocks, stocks, mutual funds, and exchange traded funds. The buying and selling can be done via phone or through the electronic platforms. In addition to this, it also provides banking services for the retail investors. These services may include savings products and sweep deposits. The company directly operates through its numerous subsidiaries. The most significant of which are E-trade bank, E-trade clearing LLC and E-trade Securities LLC. The company has over 30 branches in total.
Etrade provides a thorough research, a user-friendly website and a high-quality mobile experience to satisfy the casual and sophisticated investors even though it may not offer the cheapest trades. E-trade has worked hard and evolved as a trusted brand which speaks directly to its customers. The company aims to target the confident and independent investors who are still willing to ask for help when they need it. E-trade has been marked as one of the best online penny stock trading companies with over 25 years of expertise in the trading domain.
E-trade holds the honor of being the pioneer in the online brokerage industry having executed its very first electronic trade by an individual investor back in 1983 about 34 years ago. The company has been the leading services provider which has focused on the delivery of complete and easy to use solutions for the traders and investors. It is known to be at the forefront of digital revolution since the beginning and was founded on the principle of innovation. It aims to enhance the financial independence of its clientele by providing them professional guidance and some very powerful digital tools.
Due to its great customer service, easy to understand and use features and outstanding research tools, E-trade is the most trusted and preferred selection of most investors for penny stocks trading. It doesn’t take much for anyone to learn how to buy penny stocks on Etrade and creating an account online is super easy too. All you need is $500 initial investment to get started.
The Etrade fees for penny stocks are quite reasonable too. A penny stock is basically the low priced stock of a company which is not listed on the major public exchanges. The Etrade fees for penny stocks are $6.99 per trade for frequent traders, $7.99 for traders who make over 150 trades quarterly and $9.99 for everyone else. The pricing is easy to understand and there is no hidden or built in fee. E-trade isn’t about setting a minimum price for the stock it handles. This allows you to trade penny stocks or sub-penny stock where the price is below a penny. It is claimed by E-trade that they handle stocks under $1 and even more, these stocks are priced within four decimal places below 1. What does that mean in layman terms? You can trade stocks as low as 0.0001 per share.