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How would you rate E*TRADE?
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Florida
1 review
4 helpful votes
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Goodbye E*Trade
October 5, 2023

Have been very happy with E*Trade for years. Since Morgan Stanley took over, customer service seems to have evaporated. Going back 2 weeks I've only received 3 of 12 dividend payments across all my accounts. Never had a missed payment in the past. Live chat tells me 1 to 10 days for payment to appear. When asked if I should expect this going forward, the reply I got was "Correct". Moving everything to Fidelity.

Date of experience: October 5, 2023
Maine
9 reviews
18 helpful votes
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Retail Traders Beware
April 12, 2022

I've never been so poorly treated as a customer. Rude customer service, limited trading ability, they will never be helpful towards the retail trader. I switched to TD Ameritrade and made 400% profits with everything you need at your fingertips.

Date of experience: April 12, 2022
Ohio
2 reviews
10 helpful votes
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Customer service calls used to be answered in 10-20 mins. Now it's a minimum of 1 hr. And even then they can't get anything right. They got my Roth and Regular IRA contributions wrong and had to make several calls to fix their error. Each time at least 1 hr of waiting before a human came on line. All this since Morgan Stanley acquired the company. Not surprised - the first thing they do is cut cost by letting people go without any thought how it affects customer experience. Will look into moving my accounts somewhere else.

Date of experience: March 8, 2022
California
1 review
4 helpful votes
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I have been an E*TRADE customer for more than 25 years. I used to like their service very much but not anymore. Very few companies like E*TRADE have uniformly low customer ratings on various platforms. More than 80 days ago, I requested an external share transfer. Surprisingly, after so many days, the request still goes in nowhere despite I made numerous calls and writing dozen online messages. Every time, there was always a different person to answer me. They all sound friendly but no help. The standard reply is this is the transfer team side problem. There is nothing the customer supporter can do except write down a note. However, the E*TRADE transfer team does not communicate with the customer. I have been exhausted and really don't know how to move forward with this request.

Date of experience: May 17, 2022
Arizona
1 review
0 helpful votes
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When I deposit funds electronically, Etrade does not give credit for those funds for about 10 days, so you will likely miss opportunities as I did. Also, 27 days ago, I requested to move cash from Etrade to another online platform, and the money still hasn't moved. I've called and called, but the queue is always over 60 minutes during regular hours; I finally called at 6:30 am and got through their phone line in only 17 minutes. Dan with Etrade stated that it was the other company's fault that Etrade rejected the transfer without telling me or the other platform. When I asked how long electronic transfers should happen, Dan stated they normally only take about a week. Etrade makes their money by holding your cash for as long as they can hold it, which would be fine if it weren't costing me opportunities to invest when I'm ready.

Date of experience: March 30, 2022
Alabama
1 review
21 helpful votes
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RUN: DON'T USE E-TRADE
February 5, 2021

E-trade makes too many mistakes that costs their customers thousands of dollars. What's worse is that it's impossible to communicate with their representatives in a respectable amount of time. 3 HOURS was the shortest wait I've ever had, and I've called them several times! Lastly, their staff don't understand stocks. I had to teach them before they could help me. RUN!

Date of experience: February 5, 2021
Pennsylvania
3 reviews
8 helpful votes
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Long time user
November 30, 2013

Long time user. Very happy. Excellent execution means sometimes they get your stock at a better price than your order. The time invested in the site is valuable as you constantly encounter new and neat applications

Date of experience: November 30, 2013
Oklahoma
1 review
6 helpful votes
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Do Not Use Etrade
February 7, 2022

I waited 3 months and still never was able to trade. I turned in extra documentation, sent emails, sent questions through chat, and in the end the only way to get help is to wait for 2 1/2 hrs on the phone. I did this twice with them. Their app is crap too. Stash and Robinhood are way more user friendly. I closed my etrade account with not ever making a single stock purchase because they never let me. Customer service doesn't really seem to care. I think they get a million calls with the same complaints.

Date of experience: February 7, 2022
Washington
1 review
6 helpful votes
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Absolutely terrible customer experience, and that comes from someone who's worked in airline customer support. Attempting to log on to a new account produced an internal error, which had to be directed around 3 times, with 30 minute wait times each transfer. I cancelled my account.

Date of experience: March 18, 2022
New York
1 review
0 helpful votes
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Account Assistant
July 18, 2020

Great customer support at Etrade. They really take the time to speak with you about all questions you have related to your account. It has been a great experience using them and I will continue to do so!

Date of experience: July 17, 2020
Argentina
11 reviews
6 helpful votes
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Not bad
March 28, 2016

I have a bit of a mixed result with ETrade. The platform and app are pretty good. However the downside is that, Etrade doesn't always communicate to well with your bank. Makes it difficult to either deposit or withdrawal money on occasions.

Date of experience: March 28, 2016
California
1 review
1 helpful vote
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My last experience with you was around average but i hope to reorder you guys because the products were great so i should forget about delay in delivery

Date of experience: January 31, 2015
Georgia
1 review
1 helpful vote
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I have been unable to see my account with E*trade for weeks. When I talk to them they ask me security questions that I don't recognize. When I try answering the question they say it's a wrong answer and I have to wait 48 hours before I can try again, my money is locked in there and I can't touch it.

Date of experience: February 5, 2024
Florida
1 review
1 helpful vote
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Bad customer service.
February 11, 2024

Since being puchased by Stsnlry Morgan service is poor. They have locked all my accounts for over a week. The group doesn't work on weekends. Have had multiple conversations and been told the lock would be release at mid day. Now occurring late fee, due to unable to pay bills and auto pay being rejected.

Date of experience: February 11, 2024
North Carolina
2 reviews
0 helpful votes
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Many times the website is unusable for one reason or another. Today I can't even log on. I never get a status email, nor is it possible to get customer support on the phone. So, basically I don't have access today, period. If it wasn't such a pain, I would have switched brokers long ago.

Date of experience: May 13, 2024
Texas
1 review
1 helpful vote
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NEVER EVER JOIN ETRADE. They made a lot of mistake on 1099, Changing account number for no reason.

Stealing money from transaction, but they refund the money when you fight, be careful for hidden fees, always check your transaction meticulously

Date of experience: April 2, 2024
Minnesota
1 review
7 helpful votes
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I've had 4 large $$$ deposits, via check, that have sat in a deep dark hole for 2 + months before I see the deposit. The typical excuse "short on labor due to Covid"... which is not an acceptable reason any longer. It should not take 10 weeks to see a deposit. Obviously frustrating, puts my security at risk, and odd they would not want that money deposited ASAP as well. This is money that could have been invested. I am moving my money out, and I have a significant balance.

Date of experience: February 22, 2022
Florida
1 review
15 helpful votes
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E*trade is the worst broker to use when it comes to any kind of trading, they are an out dated dinosaur.

Your orders will never get filled on time, they almost never have shares to borrow for shorting, customer service is non-existent, has terrible software.

I wish I could give it negative 5 stars.

Absolute trash of a broker and company.

Date of experience: October 27, 2020
Italy
1 review
2 helpful votes
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E*TRADE is scam!
I strongly recommend support (at) fast-recovery(.)io to Anyone who has been a victim of financial fraud. Your team were able to recover the stolen money for me, which I honestly thought was lost forever. The process was handled professionally and I was kept informed every step of the way. I am extremely grateful for their services and would not hesitate to use them again should the need arise.

Date of experience: December 15, 2023
Florida
1 review
2 helpful votes
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E-Trade suddenly altered its order-entry system, making it impossible to enter an option order. It also made it impossible for a customer to view "transactions" in his account. All this was done without any warning or explanation.

Even worse, I sent messages on a daily basis for a week, asking someone to contact me. When I attempted to reach "customer service" by phone, I received an unhelpful recorded message.

Date of experience: August 8, 2022

Overview

E*TRADE has a rating of 1.8 stars from 285 reviews, indicating that most customers are generally dissatisfied with their purchases. Reviewers dissatisfied with E*TRADE most frequently mention customer service, wait times and debit card. E*TRADE ranks 107th among Brokerage sites.

service
115
value
104
shipping
16
returns
17
quality
105