E*TRADE review

E*TRADE takes a narrower approach to fractions than the brokers above it. Its fractional shares page says slices are available on select stocks and ETFs, with more on the way, and you buy them by entering a share quantity with up to three decimal places on the regular trade ticket. That suits investors who think in shares, but it is less convenient than a dollar order if you want to invest exactly $25. Dividends can buy more fractional shares through the Dividend Reinvestment Program. Online US-listed stock, ETF, mutual fund and options trades carry $0 commissions, and options cost $0.65 per contract, or $0.50 for clients with at least 30 trades a quarter. E*TRADE is advertising up to $1,500 for new accounts funded by 2/28/2027, with terms. It ranks seventh because of the limited eligible list and the lack of dollar-based orders.

Who it is for

existing E*TRADE customers sizing positions precisely

Price

$0 commissions on online US-listed stock, ETF, mutual fund and options trades; options $0.65 per contract.

E*TRADE from Morgan Stanley ("E*TRADE") charges $0 commissions for online US-listed stock, ETF, mutual fund, and options trades.
Quoted from the vendor pricing page on November 13, 2026.

Key features

• Fractional shares on select stocks and ETFs, with more on the way
• Enter share quantities with fractions up to three decimal places
• Dividend Reinvestment Program buys fractions automatically
• $0 commissions on online US-listed stock and ETF trades
• Options at $0.65 per contract, or $0.50 at 30+ trades a quarter

Strengths and weaknesses

• Strength: Fractions are placed from the standard trade ticket
• Strength: DRIP turns dividends into more fractional shares
• Strength: Sign-up offer of up to $1,500 for new funded accounts through 2/28/2027
• Weakness: Only select stocks and ETFs are eligible
• Weakness: Orders are sized by share quantity, not by dollar amount
• Weakness: Fewer eligible names published than Schwab or Interactive Brokers

Key facts

• Order sizing: Share quantity, up to 3 decimal places
• Eligible securities: Select stocks and ETFs
• Commission: $0 online US-listed stocks and ETFs
• Options: $0.65 per contract

Where it ranks

E*TRADE is No. 7 in our Best Fractional Share Brokers verdict.