E-Trade vs Ellevest

E-Trade vs Ellevest Comparison Table 2023
E-Trade Review 2023	Ellevest Review 2023
Review 3.3 E-Trade is #36 in our broker rankings.	Review 2.9 Ellevest is #36 in our broker rankings.
Traders from US accepted	Traders from US accepted
E-trade is a one-stop shop that provides both investment and trading opportunities to clients through four proprietary platforms and apps. The firm has decades of experience and is authorized by the SEC. Investors can benefit from ready-made portfolios or open a do-it-yourself account to choose from stocks, funds, ETFs, futures and bonds; traders can access margin trading on stocks, options and futures.	Ellevest is a female-led financial services firm, authorized by the SEC and FINRA. The company specializes in online investing and wealth creation with 3+ million clients and $1.5 billion in assets under management (AUM). There is no minimum deposit with bespoke investment plans spanning 21 asset classes.
Bonus Offer
Commission Free Trades
Comment by Reviewer
"E-trade provides great service to anyone who wants to grow their wealth both through long-term investments and shorter-term trading, thanks to a diverse and flexible range of products. "	"Ellevest is an investment solution designed for women with robo-advisors, financial education and investment planning. The flat-fee, tiered subscription model will appeal to a range of investors."
Pros
Trade US stocks, ETFs and mutual funds with no commissions Build an investment portfolio and trade stocks and derivatives through one broker Good selection of extra features including data feed with input from leading third-party providers Regulated by top US organizations including the SEC Competitive fees and a transparent pricing structure Very diverse range of assets to invest and trade	Trustworthy brand authorized by tier-one regulators; SEC and FINRA Two portfolio options with flat-fee pricing and a focus on ESG initiatives Educational content, financial advice and market insights available Female-led firm designed and created for women No minimum deposit requirement for beginners Ellevest Mastercard World debit card Free deposits and withdrawals
Cons
High commissions on some products High threshold to qualify for the pro platform No fractional shares No demo account No forex trading	No mobile app for Private Wealth Management services Investments limited to mutual funds and ETFs Limited customer support options Only available in the US No tax-loss harvesting
Awards
	NerdWallet’s 2021 winner for the Best Robo-Advisor for IRA investing
Instruments
Stocks, Futures, E-minis, Options	Stocks, ETFs
Demo Account
Yes	No
Minimum Deposit
$500	$0
Trading Platforms
MT4	Own
Payment Methods
Apple Pay Automated Customer Account Transfer Service Cheque Credit Card PayPal Western Union Wire Transfer	Debit Card Venmo Wire Transfer
Minimum Trade
$10	$0
Regulator
SEC	SEC, FINRA
Margin Trading
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	Yes
Robo Advisor
No	Yes
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS, Android and Windows	iOS & Android
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
Yes	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
	USD
Stock Exchanges
Chicago Mercantile Exchange	New York Stock Exchange
Commodities
Soybeans

Review	Review
More Comparisons
E-Trade vs	Ellevest vs