E-Trade vs Ellevest

E-Trade vs Ellevest Comparison Table 2023
E-Trade Review 2023 Ellevest Review 2023

E-Trade is #36 in our broker rankings.


Ellevest is #36 in our broker rankings.

United States Flag Traders from US accepted
United States Flag 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."
  • 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
  • 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
  • NerdWallet’s 2021 winner for the Best Robo-Advisor for IRA investing
Stocks, Futures, E-minis, Options Stocks, ETFs
Demo Account
Yes No
Minimum Deposit
$500 $0
Trading Platforms
  • MT4
  • Own
Payment Methods
Minimum Trade
$10 $0
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
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
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