WikiFX

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As someone who's navigated the world of trading for years, I pay careful attention to a broker’s transparency, cost structure, and regulatory standing—especially when it comes to something as critical as spreads on popular currency pairs like EUR/USD. In the case of E*TRADE, I encountered a few immediate concerns that affect my confidence in using them for forex trading. Based on what I’ve learned, E*TRADE does not appear to offer forex trading at all. Their listed tradable instruments include stocks, ETFs, mutual funds, options, bonds, and futures, but forex pairs—including EUR/USD—are not among their available assets. Moreover, the underlying regulatory situation raises important red flags: reportedly, E*TRADE holds no valid regulation and the claimed NFA license is suspected to be a clone. This lack of credible oversight significantly magnifies potential risks—something I am not comfortable with, particularly for instruments as fast-moving as forex pairs. Given these facts, I have not found any published data regarding EUR/USD spreads on any E*TRADE standard account. This absence of clear, verified spread information would, for me, signal that E*TRADE isn’t a suitable or even available choice for direct forex trading. For EUR/USD trading, I insist on working with brokers who are both transparently regulated and whose spreads are clearly disclosed. My advice is to always prioritize these criteria when considering where to trade major currency pairs.