Welcome to gold retired! Today’s review is about Etrade Financial. What is Etrade Financial? What are the products and services it offers? What are the IRAs offered and how much are the IRA fees? How does it compare to our #1 Recommended company?
Without further ado, let’s go!
Company: Etrade Financial Corporation
Who is it for: People looking to invest in an IRA.
Overall rating: (2 / 5) Not Recommended
Important to mention before we go into more details of this review:
We always strongly recommend doing your research online before you choose a company to invest with. There are so many reviews online of clients being ripped off and scammed. The most common way people are getting scammed is through so-called “hidden-fees” so please investigate thoroughly before you make your decision.
With that being said, let´s continue with the review on Etrade Financial!
When it comes to investing your hard-earned money for your retirement, you can never be safe enough. Judging a company’s value should involve many criterea not just its size. As a matter of fact, some small companies can have excellent credibilty and transparency, and others huge companies can have poor services and awful customer service. Through our reviews at gold retired, we want to help you choose the company that suits you the best and make a decision based on detailed information about the company, its fees and especially, its reviews.
Today’s company is huge, but is it worth considering? Let’s find out!
What is Etrade Financial?
Headquartered in New York, USA and founded in 1982, Etrade Financial is an online trading platform that also offers financial services such as IRAs. This company has a staggering $1 Billion in net income as of 2018 and employs 8000 people across its several locations.
Here’s a screenshot of the headquarters of this company:
This company also has 30 retail branches across the United States and its first online trade dates back to 1983. So basically, it’s been in the business for a long time so I would personally expect a quality of services that match this size and experience. But is that case? Let’s continue investigating!
What are the products and services offered?
Etrade financial offers multiple financial services, when it comes to IRAs, this company allows you to invest in the following options:
- Mutual Funds
- Bonds & CDs
It’s important to note that this company does not specify whether it includes precious metals as an investment option.
The IRAs offered by Etrade Financial are the following:
E*TRADE CompleteTM IRA
IRA for Minors
Here’s a screenshot that displays this company’s IRA fees:
These fees aren’t that detailed and this caused a lot of problems with many of their clients, we’ll talk more about this in the reviews section.
==> Want to take a look at our #1 recommended IRA solution instead? (waives your fees completely up to your first 3 years and offers a wide variety of precious metals at competitive prices!)
What about precious metals storage and delivery?
Since it’s not clear whether this company offers precious metals as an investment option, they also didn’t include details about precious metals storage or delivery.
What about online ratings and reviews?
Going through the online reviews and ratings of any companies is always highly recommended as it can give you an idea about the experience of working with this company from the client’s perspective and thus guide you immensely through your investment journey.
Here’s what the top review websites have to say about Etrade Financial:
Customer reviews: (1 / 5) out of 17 reviews + 81 COMPLAINTS closed in the last 3 years!
Also, NOT Accredited by the BBB.
Click here for more details ( opens in a new window )
Rating: (2 / 5) out of 43 reviews!
Click here for more details ( opens in a new window )
One of the reviews on Yelp caught my attention. One of this company’s clients, or let’s say, previous clients, found out the hard way something we have been warning about since we started reviewing companies on gold retired: HIDDEN FEES. This is exactly where most of the rip-offs take place and it’s something you should be careful about. That’s why I personally go for companies that detail all the fees associated with opening an IRA.
Here’s the review I’m talking about:
Etrade financial is not accredited by the BBB and has a jaw-dropping 82 complaints! The reviews on the other platforms are also awful, to say the least. This is a major red flag and
Do you Own or Represent Etrade Financial?
If you are a representative, or associate of Etrade Financial and have found something not to be correct in this review please, feel free to tell and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or else you got the e-mail on the about page.
Final Words and Verdict
Overall rating: (2 / 5) Not recommended
Okay, I think that’s everything that could be said about Etrade Financial. Although this company is huge and has a billion dollars in income, its reviews and thus services, are extremely bad. Basically, the vast majority of their clients regretted working with them. This company also doesn’t include precious metals as an investment option and has some of the worst reviews I have ever read!
So, What IRA company do we recommend?
You made a wise decision to read this review and you are a smart person. I am absolutely sure that you will find the right company that suits your particular needs the best. I would advise you to compare different alternatives against each other before you make a decision. Below you got my absolute #1 recommended IRA custodian:
That’s it for this review! I hope that you now know what Etrade Financial is and why you should look in other directions. If you have any questions or remarks, please feel free to share them in the comments section. Sharing is caring!
See you soon!
Owner of: Gold Retired.