BrokAIr Reviews

E*TRADE Australia Review

E*TRADE Australia has been accused of providing a lacklustre customer service experience - are they really worth the money?

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Overview of E*TRADE Australia

E*TRADE Australia is an online brokerage founded in 2009, offering a range of services to clients including CFD trading, share trading, futures and options trading, margin lending, and managed funds. E*TRADE has become one of the biggest and most popular online brokers in Australia, with over 200,000 customers and A$6 billion in assets under management. As a result of its success, E*TRADE has been recognised as the 2020 winner of the "Broker of the Year" award from Investment Trends.

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News and Events

E*TRADE Australia was founded in 2009 by a team of financial services professionals. In October 2020, E*TRADE Australia was acquired by Macquarie Group, one of Australia's largest banks. In 2021, E*TRADE launched its first ever mobile app, allowing customers to trade on their mobile device. The app was met with positive reviews from users. In May 2021, E*TRADE announced that it had received an Australian Financial Services Licence from the Australian Securities and Investments Commission (ASIC). This licence will allow E*TRADE to provide more services to its clients.

Public Opinion

Public opinion of E*TRADE Australia, as seen on ProductReview.com.au, is generally positive. Users praise the broker's low fees and reliable customer service. However, some users have complained about the lack of advanced features such as virtual trading accounts, direct access to global exchanges, and Islamic accounts. Overall, users are satisfied with the service provided by E*TRADE.