Stock Under $10: E*Trade (ETFC) Offers FOREX Trading

After launching its new investor dashboard last week, E*TRADE 360, the best online broker for trading penny stocksE*TRADE Financial Corp. (NASDAQ: ETFC) has now broadened its market by initiating E*TRADE FX. The new platform offers access to customers to now trade currency markets,  search and research FOREX as well as FOREX education through FXCM. One year off its 52-Week High, ETFC is currently at $9.40 Pre-Market today, February 21, 2012.

Quick Look at ETFC:

Market Cap: 2.67 Billion
Price/Sales: 1.88
Price/Book: 0.54
52-Week High: 17.59 (February 22, 2011)
52-Week Low: 7.42 (December 19, 2011)
10-Day Average Volume: 5,237,810
Float: 233.84 Million
Short Ratio: 1.00 (as of January 31, 2012)

E*TRADE 360

The new online brokers’ investing dashboard intensifies the amount of data and easy access to that data regardless of what expertise level a customer is. The dashboard makes online equity trading smoother, faster and more stronger with a slew of new features. The most interesting of which is the watch lists which track current account holdings, as well as securities including penny stocks of potential interest.

E*TRADE FX

The new FOREX platform will allow customers to trade currencies on the no-fee platform seamlessly. Of the features E*Trade offers, it will enter into a sector of equity trading that will allow the customers access to:

  • Advanced Charting: customizable technical studies, analytics and indicators
  • Quick Transfer: easily move funds between E*TRADE brokerage or bank accounts and forex accounts2
  • News & Analysis: access to international financial news and a comprehensive economic calendar
  • 56 Currency Pairs: choose from a variety of major and minor pairs
  • Leverageup to 50:1 leverage for major pairs and 20:1 for minors
  • Forex Trading Specialists: access to experienced forex professionals
  • No Commissionscompetitive spreads and fair execution
  • Free Trading Education: live in-person, on-line, and on-demand trading education
  • Extended Trading Day: 24 hours-a-day, 5 days-a-week
  • Practice Account: practice trading forex risk free with live data

Visit www.etrade.com for more information on E*TRADE 360 and E*TRADE FX.  E*Trade has been a favorite of penny stock traders for some time now and the new dashboard and now FOREX trading access only improves an already reliable online equity trading service.

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