Etrade Review


4-star brokerage firm rating


Etrade Fees Schedule, IRA Accounts Rates, Brokerage Margin Interest Rates, Cash Sweep, Stock Trading Costs, ACAT Fee in 2014



Etrade Fees, Trading Commission Structure, and Investment Products


Pricing 150+ Trades/QTR 0-149 Trades/QTR

Stock & Options Trades

$7.99

$9.99

Simple Options (options contract fee per contract)

$7.99 plus $0.751

$9.99 plus $0.751

Options Contract Fee

$0.751

$0.751




Complex Options


Pricing 150+ Trades/QTR 0-149 Trades/QTR

Options/Options
(options contract fee per contract in all legs)

$7.99 plus $0.751

$9.99 plus $0.751

Stock/Options
(options contract/contract)

$7.99 plus $7.99
plus $0.751

$9.99 plus $9.99
plus $0.751

Options
Exercise/Assignments

$19.99

1For options orders, an options regulatory fee will apply (depending on what exchange the order executed on).




Etrade Exchange Traded Funds (ETFs)*


Pricing 150+ Trades/QTR 0-149 Trades/QTR

ETFs

$7.99

$9.99

Commission-Free ETFs

$0

$0




Etrade Global Trading Commissions*


Market

Canada (CAD)

FRANCE (EUR)

GERMANY (EUR)

Hong Kong (HKO)

Japan (JPY)

UK (GBP)

Online Stock Trades

19.99

19.99

19.99

299.99

3399.99

9.99

Broker-Assisted Stock Trades (added to applicable online commission)

55.00

55.00

55.00

350.00

5500.00

25.00


*Global Trading commissions are charged to your Global Trading account in local currency, based on the market in which the trade was placed. Additional fees will apply to trades placed in the Hong Kong and UK markets, as shown in the table below.




Additional Global Trading Fees*


Market

Hong Kong

United Kingdom

Stamp Duty

Principal x 0.1%, rounded to the next-highest HKD

Principal x 0.5% (buys only)

Other Fees

Trading Fee - Principal x 0.005%


Transaction Levy - Principal x 0.004%

CCASS Settlement Fee - Principal x 0.002% (minimum HKD 2.00; maximum HKD 100.00)

PTM Levy - GBP 1.00 per order (only if executed principal amount)


*Fees shown will be added to the applicable Global Trading commissions and charged to your Global Trading account in local currency, based on the market in which the trade was placed.




Etrade Mutual Funds


No-load, no-transaction fee funds4

$0

Transaction-fee funds

$19.99

Load funds

See prospectus for amount of load

Broker-assisted trades

$25 plus the applicable commission




Etrade Margin Rates


Debit Balance Margin Rate
above $1,000,000 3.89%
$500,000 - $999,999 4.14%
$250,000 - $499,999.99 5.14%
$100,000 - $249,999.99 6.14%
$50,000 - $99,999.99 7.44%
$25,000 - $49,999.99 7.94%
under $24,999.99 8.44%

Margin trading involves risks and is not suitable for all investors. Rates are subject to change without notice. Rates are set at the discretion of E*TRADE Securities with reference to commercially recognized interest rates, such as the broker call loan rate.




Etrade IRA Fees


Fee

Description

Amount

Early withdrawals taken before age 59.5 (premature distributions)

This fee applies if you take an early withdrawal of funds before the age of 59.5, including removing money for a first-time home purchase, medical expenses, and education expenses.

$25

Excess contribution removal

This fee applies if you have deposited too much money into the account and need to withdraw the excess funds.

$25

Recharacterizations

This fee applies when you change a contribution (that you've already made) from a Roth IRA to a traditional IRA (or vice versa), or when you change a Roth IRA conversion back to a traditional IRA.

$25




Etrade Bonds Fees


US Treasury Auction

$0

US Treasury Secondary Trades Online

$0

Online Secondary Trades*

$1 per bond (minimum $10, maximum $250)

Rep Assisted Trades

Online secondary pricing plus $20 commission

Through Investment Product Specialists

Net yield basis

New Issues (except Treasury Auction)

Offering price includes a selling concession


*Includes Agency bonds, Corporate bonds, Municipal bonds, Brokered CDs, Pass-thrus, CMOs, Asset Backed Securities.

E*TRADE Securities may act as principal or agent on any fixed-income transaction. When acting as principal, we will add a markup to any purchase, and subtract a markdown from every sale. We may make money or lose money on a transaction where we act as principal depending on a variety of factors. The markup or markdown will be included in the price quoted to you and you will not be charged any commission or transaction fee for a principal trade. Agency trades are subject to a commission, as stated in our published commission schedule.


Secondary market trades executed through an Investment Product Specialist will be effected on a net yield basis, where E*TRADE Securities will act as principal. When acting as principal, we will add a markup to any purchase, and subtract a markdown from every sale. The markup or markdown will be included in the price quoted to you and will vary depending on the characteristics of the particular security or CD.




Etrade Futures Fees


Futures Contract Commission

$2.99 per contract, per side + fees*


*In addition to the $2.99 per contract per side commission, futures customers will be assessed certain fees including applicable futures exchange and NFA fees, as well as RJ O'Brien floor brokerage charges for execution of non-electronically traded futures and futures options contracts. These fees are not established by E*TRADE Securities and will vary by exchange.




Etrade Forex Fees


Forex Trading Commissions

$0.00 per trade6


Forex Trading provided by E*TRADE Securities LLC. E*TRADE Securities LLC is an introducing broker and is compensated for services through the spread between bid/ask prices. A markup will be added to any purchase price, and a markdown will be subtracted from any sale price. This markup or markdown will be included in the prices quoted on the E*TRADE FX trading platform.




Etrade Other Fees


Check Returned for Non-sufficient Funds

$25 for first occurrence
$30 for second occurrence
$40 for third occurrence

Electronic Transfer Returned for Non-sufficient Funds

$25

Fed Call Extensions

$25

Alternative Investment Fee

$250 for annual custody fee per position
$75* for new purchases and/or re-registration for transfers
$50 capital call fee
$75 liquidation fee

Reorganizations

$20 for mandatory actions (e.g., mergers, reverse stock splits)
$30 for voluntary actions (e.g., tender offers)
$50 for actions reflected on physical certificates

Restricted Securities Custody

$150

Worthless Securities Processing

$5

American Depositary Receipts (ADRs) Custody Fee

$.005 - $.05 per share

Short-Term Trading Fee for Commission-Free ETFs3

$15.99 for customers with 150+ stock and options trades during quarter

$19.99 for customers with 0-149 stock and options trades during quarter

Financial Transaction Tax (FTT) Ordinary & ADR

French
Effective December 1, 2012 all opening transactions in designated French companies will be subject to the French FTT at a rate of 0.20% of the total transaction cost 4

Italian
Effective March 1, 2013 all opening transactions in designated Italian companies with a market capitalization greater than 500 million Euros will be subject to the Italian FTT.

*A one-time fee applied when the custodian of a limited partnership is changed from another brokerage firm to E*TRADE Securities.

Transfer agents and banks that sponsor American Depositary Receipts (ADRs) are permitted to charge ADR holders an annual custody fee. The fee is administered through the Depository Trust Company (DTC) which typically will be subtracted from the gross dividend amount payable and/or collected from E*TRADE Clearing by the DTC and deducted from your account if the ADR does not pay a dividend. The fee will be posted to your monthly account statement and transaction history pages as "ADR Custody Fee."

3You can buy and sell the exchange-traded funds (ETFs) available through the E*TRADE Securities commission-free ETF program without paying brokerage commissions. For margin customers, the ETFs purchased through the program are not margin eligible for 30 days from the purchase date. To discourage short-term trading, E*TRADE Securities may charge a short-term trading fee on sales of participating ETFs held less than 30 days.




Paper Statement Fee


Paper Statement Fee

You will be charged a $2.00 handling fee for each E*TRADE Securities paper statement mailed to your address of record, unless an exemption applies.

 

The $2.00 handling fee for paper account statements will be charged to your account the month following the month for which you were mailed a paper statement (the "Trigger Month"), unless any of the following apply by the last business day of the Trigger Month:

Exemptions:

Account Types

 

Customers currently enrolled with electronic statements

 

Pro Elite customers (To qualify for Pro Elite, you must execute at least 30 stock or options trades during a calendar quarter)

 

Retirement & custodial accounts

 

Global Trading accounts

 

Other relationships with E*TRADE Financial

 

Stock plan accounts for current employees of current E*TRADE Financial Corporate Services clients

 

Minimum Balance

 

Customers with a combined value of $10,000 in cash and securities in linked E*TRADE Securities accounts

 

Customers with a combined balance of $20,000 or more in linked E*TRADE Securities and E*TRADE Bank accounts




Special Request Fees


Overnight Mail

$20

Account Transfers (outgoing)

$25 for partial transfers
$60 for full transfers

Check Copies

$15 per copy

Check Requests

$10 per request

Checkbook Reorders

$8.25 for 75 checks
(reorder fee waived for customers with $50,000 or more in combined E*TRADE Securities and E*TRADE Bank accounts or who make at least 30 stock or options trades per quarter.)

Stop Payment Requests

$25

IRA Premature Distributions

$25

Stock Certificate Requests

$75 per certificate

Foreign Stock Certificate Requests

$250 per certificate

Wire Transfers

$0 incoming
$25 outgoing

Duplicate Account Statements or Tax Forms

$5 per statement or for free




E*TRADE Pro Elite


Qualified E*TRADE Pro Elite customers will be charged the following commission rates and fees:


Stock and Options Trades during Quarter

Commission for Stock and Options Trades

Commission for Stock and Options Trades

0-149

$9.99

$0.75

150+

$7.99

$0.75


All customers will be charged an additional $25 for broker-assisted trades. An ECN fee of $0.005 per share will be added to all trades executed during the Extended Hours trading sessions and on trades executed through E*TRADE Pro at an ECN during regular market and Extended Hours sessions. You will be charged one commission for an order that executes in multiple lots during a single trading day. Orders that execute over more than one trading day, or orders that are changed, may be subject to an additional commission.


Standard commissions for stock and options trades are $9.99 (plus an additional $0.75 per options contract). For options orders, an options regulatory fee will apply (depending on what exchange the order executed on).


In addition to your regular commission, a separate transaction fee (equal to the principal amount x 0.0000174) will apply to the sale of all equities, options, and exchange-traded fund (ETF) securities.The fee, calculated as stated above, only applies to the sale of equities, options, and ETF securities and will be displayed on your trade confirmation. The transaction fee is a fee collected by the United States Securities and Exchange Commission to recover the costs to the Government for the supervision and regulation of the securities markets and securities professionals. All fees will be rounded to the next penny.




Etrade Incentive, Review and Website Link


Read full Etrade Review.

Etrade incentive: Trade free for 60 days + get up to $600.

Etrade fees are as of 2014 and are subject to change. For the most recent information go to their website:


Etrade Review

This article was updated on 9/19/2014.



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