Power E*TRADE-Advanced Trading 4+

Excellent alternative to standard E*Trade App

I’m just going to rewrite my review. Figured out a lot of things that I didn’t know how to do at first. This app is an excellent alternative to the standard E*Trade app. The user interface is modern and pretty easy to use once you figure everything out. Only have a few suggestions:

1. In your portfolio, it would be nice if you could separate Call/Put options and shares. I hate that they’re mixed in together. Have one section for Calls/Puts and one section for Shares that you own.

2. Under the portfolio section I wish you could still see the expiration date of your contracts and quantity under the ticker symbol with the top level view and not have to switch to spread or leg level. I like the condensed view of top level. The other two make it difficult to see all your positions at a glance.

3. I think it would be beneficial to have a how to section on this app. I couldn’t figure out a lot of things in my initial review and had Google how to do a lot of things.

Outside of some minor delays with information loading and an issue with logging back in without completely closing the app and swiping it away, this app is solid and will be my go to. Looking forward to future updates and fixes.

Developer Response ,

Thanks for taking the time to re-evaluate! We really appreciate your thoughts and will be sure to pass along your feedback along for review. We appreciate your business and thank you for being our customer!

Exceptionally good for slow trading

Power E*Trade is exceptionally good for slow trading. For all operations, it requires at least two clicks, just to ensure you cannot do it quickly. For example, for the option chain in both mobile and desktop versions, selecting the expiration would not let it go to that date, instead it will append that chain to the earliest date you are viewing. To jump to the chain of the expiration date, one needs to deselect the current date first, and then select the desired date. Another example is that for the desktop version, when clicking any symbol in the watchlist, it pops out a window to choose what page to go with. So if one wants to go from the option chain of one stock to the option chain of another stock, it requires clicking on the other stock in the watchlist, moving the mouse around, locating the option symbol in the popped out window, and then choosing it. All these are proudly introduced as features in the tutorial videos of the app. So you may wonder whether anyone in the dev or product management team has ever tried it on their own. Oh no, I apologize since my use case is incorrect, this is only meant for slow trading. Any serious day trader should look around at the competitors like Interactive Brokers, which focuses on making trading fast.

Really bad app

I have been extremely frustrated and unhappy with this app. Almost every day it freezes, does doesn’t keep the current option chain in memory which necessitates it being reset to the current in the money price. It’s freezes sometimes in the option change chains and causes me not to be able to see the option prices. It’s sometimes just completely kicks me out. I’ve lost a great deal of money because of these problems. I’ve really liked the E*TRADE format but this app is just so disappointing to use and 90% of my trading is done through the phone. This is an iPhone and I had the same problems with the E*TRADE power app with iPhone 7 and this is an iPhone 11. I have reinstalled the app multiple times and reset all of the settings to the best of my ability. The limit order and the market order cannot be set except on the limit. I have to change it to market. I just am so frustrated with this app and I am seriously considering going to a different company because it is so friggin unreliable. Etrade get your act together and fix this because you’re gonna lose money and I’ve already lost money.