Over the past few decades, E*Trade has made a name for itself as one of the most trusted and widely used platform for online brokers and investors as well as for those who want to broaden their perspectives on financing altogether.
Whether you’re looking to investing as a way to grow your money and become financially independent or save for your retirement, setting up an account on E*Trade is a step in the right direction as you move towards accomplishing the goals you’ve set for yourself. With an account you can begin trading on the most user-friendly trading platform and also benefit from the experience and knowledge of professional investors.
Even if it’s your first time opening an online investor’s account, rest assured that E*Trade is the best place for beginners looking to get started quickly.
In this article, we will be providing you with a detailed, easy to follow, step-by-step guide on how to make an E*Trade account that will help you get started on the platform. So go ahead, open up the E*Trade homepage in a new tab and follow the instructions on this page.
You’ll have an account ready in a matter of minutes and be on your way to becoming an investor.
How to Setup an E*Trade account?
To set up your account, open etrade.com and then follow the instructions below:
Click on the “Open An Account” tab that you see on the top right hand side of your screen and you will be directed to a new page where you will be asked to choose an account;
Before selecting your choice make sure that you understand the different kinds of accounts. E*Trade offers different accounts types each tailored to your particular needs. Our E*Trade review highlights the differences between each account type.
For this article we’ll be selecting the brokerage account which is the most popular account type. You’ll also be required to select a type of ownership for the account.
There are three kinds of ownership for an accounts;
- Individual account: As the name suggests, the individual account is an account that you would open just for yourself.
- Joint account: Again, as suggested by the name, a joint account is for when you want to open up an account with your work partner, your friend, your girlfriend/boyfriend, your spouse, or anyone else you might prefer.
- Custodial account: If you are creating an account for a minor, then you should choose the option of opening a custodial account.
If you have any questions then you can click the small question mark that you can see besides each kind of account to know more about them. Once you have chosen the account which is the right one for you, press the “Continue” button on the bottom of the screen.
You’ll be asked if you’re an existing E*Trade customer or not. Select “I am new to E*Trade to indicate you don’t have an account and then enter in your name and email address before clicking continue. Make sure you double check the information entered for spelling errors. Select the “Continue” button when all the information has been entered.
On this page you’ll be required to provide the personal and employment information which is used to verify your identity. This includes the home address of the primary holder of the account, the phone number of the primary holder, tax information of the holder, residing country, marital status, the number of dependents, and the date of birth. Ensure all information entered is accurate.
Next up you’ll have to provide information which is used to create your investment profile and then click continue to move on to the next page.
Choose to link your account with your bank account so that you can add money to your E*Trade wallet. Once the accounts are linked, you may make a transfer at anytime. (This can take 3-4 days, depending on your bank). You can also wire money to your account, but that may incur extra charges.
Congratulations, you've finished setting up your E*Trade account. You're now ready to begin investing.
With an E*Trade open account you can access all the features offered by them. This includes the E*Trade smartphone app which allows you to access your account at any time and keep track of your investing activities. As a matter of fact, the ease with which you can access your account through web plugins, apps and the website is a large factor in making E*Trade a huge success.
You can also consult professional investors on E*Trade for help by using the education feature of E*Trade.
As mentioned in this article it is easy to create an E*Trade account for yourself. This sort of account is bound to broaden your horizons in the world of investing and trading, making it a great place for most beginners and aspiring brokers to get started and interact with each other.
There are also many helpful articles that will prove useful when it comes to forecasting stock prices and can keep you updated regarding new strategies that will help you stay ahead of things.