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E*TRADE (Morgan Stanley) review — 2026
★★★★☆ Overall score: 4/5
Veteran online broker now owned by Morgan Stanley. Strong options + Power E*TRADE platform.
Monthly: $0.00/mo
Annual (first year): $0.00/year
Annual (renewal): $0.00/year
Money-back: 0 days
Annual (first year): $0.00/year
Annual (renewal): $0.00/year
Money-back: 0 days
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Protection
| Malware detection rate | 0% |
|---|---|
| False-positive rate | n/a |
| AV-TEST score | n/a |
| Real-time protection | ✓ |
| Ransomware protection | ✗ |
| Firewall | ✗ |
Bundled features
| VPN included | ✗ |
|---|---|
| Password manager | ✗ |
| Parental controls | ✗ |
| Dark web monitoring | ✗ |
| Identity theft protection | ✗ |
| Cloud backup | ✗ |
Compatibility
| Devices covered | Web + Mobile + Desktop |
|---|---|
| Platforms | Web, iOS, Android, Power E*TRADE |
Our review
E*TRADE is a solid traditional broker, now Morgan Stanley-owned. Power E*TRADE platform is strong for options. Best as an alternative to Fidelity/Schwab for traders who prefer their interface.
Pros
- Power E*TRADE is one of the strongest free trading platforms
- $0 commissions on stocks/ETFs/options
- Strong retirement account selection (Roth, Traditional, SEP, Solo 401k)
- Owned by Morgan Stanley (stability)
- OptionsHouse legacy strong for options traders
Cons
- Mutual fund transaction fees apply on some funds
- Mobile app good but not great vs Robinhood
- Reorganization post-Morgan Stanley acquisition created some uncertainty
- Research less deep than Fidelity