Etrade Review

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Etrade Fees, Margin Rates, IRA Fees, Interest, Trading Tools Charges for 2012

Etrade Stock and Options Fees


Qualifications 150+
trades/quarter		 0-149
trades/quarter
Stock and 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


Etrade Complex Options Fees


Options/Options
(options contract fee per
contract in both legs)		 $7.99 plus $0.75 $9.99 plus $0.75
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
1 For options orders, an options regulatory fee of $0.014 per contract with a $0.04 minimum will apply.


Etrade Global Trading Fees


Global Trading Commissions1
Market Canada
(CAD)		 France
(EUR)		 Germany
(EUR)		 Hong Kong2
(HKD)		 Japan
(JPY)		 United Kingdom2
(GBP)
Online Stock Trades 19.99 19.99 19.99 299.00 3,399.00 9.99
Broker-Assisted Stock Trades
(added to applicable
online commission)		 55.00 35.00 35.00 350.00 5,500.00 25.00
1 Global Trading commissions are charged to your Global Trading account in local currency, based on the market in which the trade was placed.
2 Additional fees will apply to trades placed in the Hong Kong and UK markets, as shown in the table below.

Additional Global Trading Fees1
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 exceeds GBP 10,000)

1 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 Fees


No-load, no-transaction-fee funds¹ $0
Transaction-fee funds $19.99
Load funds See prospectus for amount of load
Broker-assisted trades $45 plus the applicable commission

1 You can invest in the mutual funds available through E*TRADE Securities' no-load, no-transaction fee program without paying loads, transaction fees, or commissions. To discourage short-term trading, E*TRADE Securities will charge an Early Redemption Fee of $49.99 on redemptions or exchanges of no-load, no transaction fee funds that are held less than 90 days. Direxion, ProFunds and Rydex mutual funds, or funds held at least 90 days will not be subject to the Early Redemption Fee. All fees and expenses as described in the fund's prospectus still apply. Please read the fund's prospectus carefully before investing.


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.

†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.


Futures¹


Futures Contract Commission $2.99 per contract, per side + fees¹
1In 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 Man Financial 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 Margin Rates¹   

 Base Rate effective as of 02/26/2010 - 4.14%²

Stock and Options

Debit Balance Margin Rate
$1,000,000 or more 3.89% (0.25% below base rate)
$500,000 to $999,999 4.14% (Equal to base rate)
$250,000 to $499,999.99 5.14% (1.00% above base rate)
$100,000 to $249,999.99 6.14% (2.00% above base rate)
$50,000 to $99,999.99 7.14% (3.00% above base rate)
$25,000 to $49,999.99 7.64% (3.50% above base rate)
Less than $24,999.99 8.14% (4.00% above base rate)

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.

1 Margin transactions involve additional risks, including the risk that you could lose more money than you deposit in your account. For complete information, read the FINRA Margin Disclosure Statement.

2 The base rate is set at E*TRADE Securities' discretion with reference to commercially recognized interest rates, such as the broker call loan rate. Base rates are subject to change without prior notice.


Etrade Account Activity 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
Limited Partnership Fee $75¹ for re-registration on incoming transfers
$100 annually per limited partnership position for custody
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
Verification of Deposits (third parties) $20
Worthless Securities Processing $5
American Depositary Receipts (ADRs) Custody Fee $.01 - $.05 per share²
1 A one-time fee applied when the custodian of a limited partnership is changed from another brokerage firm to E*TRADE Securities.

2 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."


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
  • Power E*TRADE customers (To qualify for Power E*TRADE, 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



Etrade 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 $5per statement or form (access these documents online for free


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Etrade fees are as of 2012 and are subject to change. For most recent information go here:

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