Etrade App

How easy is it to cancel an etrade account?

I want to get an online brokerage account and etrade is the most appealing to me because of the iPhone app. However I have heard that they have terrible customer service, does anyone know from personal experience how difficult it is to cancel an etrade account? Thanks

You don’t “cancel” account with any B/D, you just stop using them.
B/D are required to keep inactive accounts on the books for at least 18 months, and the account documentation for 6 years after the account has been closed.

You can just not use the account, after 12-18 months the account will be moved to an inactive status, then eventually purged from the syste,

You could send a written notice to e-trade telling them that you will not be using the account and they will “close” the account by coding it NMB (no more business)

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