Power E*TRADE

Power E*TRADE is the advanced trading platform from E*TRADE (Morgan Stanley), specifically designed for active traders and options traders. Available as both a web-based and mobile application, Power E*TRADE provides institutional-quality tools without requiring any additional subscription or platform fees. The platform's options capabilities are its strongest suit: live streaming options chains with real-time Greeks, a Strategy Optimizer that suggests optimal strategies based on your market outlook, options Analyzer for complex P&L modeling, and the ability to trade multi-leg strategies with up to 4 legs in a single order. The Snapshot Analysis tool provides at-a-glance risk/reward summaries for any position. Power E*TRADE also includes advanced charting with 100+ technical studies, customizable chart drawing tools, real-time streaming quotes, and integrated news from Reuters and other providers. The paper trading feature (Paper Trading by Power E*TRADE) allows new traders to practice strategies with virtual money. The platform is included free with any E*TRADE account — no separate subscription needed, making it one of the best value propositions for options traders.