TD Ameritrade 300

Etrade Transfer Fee (ACAT on Brokerage and IRA Account) 2019


How much does Etrade charge in ACAT fee for full and partial IRA and taxable brokerage account transfer address (stock positions, mutual funds, ETF's). Cost of Etrade transfer fee on eligible assets and outgoing wire charges.



Etrade Transfer Fee (ACAT Fee)


Etrade ACAT fee is $75 for full account transfer and $25 for a partial account transfer (stock positions, mutual funds, ETF's). This Etrade transfer fee applies also to all IRA accounts: ROTH, traditional IRA, SEP, and SIMPLE IRA.

To learn how to move your Etrade account to a different broker go to Moving Etrade account »

To learn how to close Etrade account go to How to cancel Etrade account »


Etrade Wire Transfer Fees


Outgoing wire transfers at Etrade are $25 per transfer. Incoming wire transfers are no charge.


Etrade Top Competitors


Broker Review Stock/ETF
Commission
Mutual Fund
Commission
Options
Commission
Maintenance
Fee
Annual IRA
Fee
Firstrade $0 $0 $0 $0 $0
Ally Invest $0 $9.95 $0 + $0.50 per contract $0 $0
TD Ameritrade $0 $49.95 $0 + $0.65 per contract $0 $0







OptionsHouse by Etrade Overview


OptionsHouse by Etrade is an internet-based stock trading platform. They were an independent company until they were acquired by E-Trade, another trading platform. What makes OptionsHouse by Etrade so appealing to many users is its simple interface and inexpensive commission, especially for those young adults new to investing and trading.


Signup


The signup process is like that of any other financial account. It requires some pedigree information such as an accurate home address and social security number. After signing up, the user simply deposits money into the account, and may then begin buying and selling stocks as they wish. The process is very easy, well designed, and offers a ton of information to the account creator right from the start.

Etrade ACAT Fee


Rates and Fees


OptionsHouse by Etrade charges commission on each purchase of stock, futures contract, and options contract. Stocks cost $0, futures cost $1.50/contract, and options cost $0.50/contract plus the $0 base rate. All of these rates beat the competition (Scottrade, Fidelity, etc.). Their fees include items for outgoing wires, returned checks, IRA closings, and many others that can be found on their website. These fees are comparable to those of the competition and many users may not be charged any of them.


Usability


Jumping into the world of investing can be daunting. Add to that how much information OptionsHouse by Etrade’s platform offers, and it can be hard to determine where to begin. Other trading outfits seem to have similar features, with their own graphs, layouts, and data views. Fortunately, OptionsHouse by Etrade features a vast and informative “Learning and Resources” page that has a ton of content including videos, how-tos, and articles that explain how it all works together. From simple things like orientation and the fundamentals of the site, to more complex topics like research, cost basis, and strategy, everything on that particular page is designed to help the user become familiarized and comfortable with trading on their platform.


Buying


When a user purchases shares of stock from a company on the site, a window pops up showing the number of shares, cost per share, and a few other things to help the user set up exactly when they’d like to buy the shares. This allows them to postpone the purchase if they choose. It’s all laid out finally with the total estimated cost which will be deducted from their account, including commission, which goes to OptionsHouse by Etrade for handling the trade. The buying process is straight forward and requires only basic computer knowledge and financial understanding.

Once the stocks are bought, the shares are shown in a small area of the window on the left. In that window it shows the company’s trading abbreviation (AAPL for Apple, as an example) as well as its current stock market price and the “mark” which is the price that was paid by the purchaser. The user can modify this area to show more or less information depending on their preferences. Things such as the last change, bid, ask, and cost basis can all be added as separate columns in this area, making for a very efficient and versatile layout. The data contained on this chart is updated live over the internet as long as the market is open.


Dividends


Some stocks offer dividends, which are paid at certain increments throughout the year to stockholders. This is an area where OptionsHouse by Etrade needs to improve. It doesn’t show when the user is paid their dividends as clearly as it shows how the account has grown in value from the stocks appreciating over time. It’s possible to pull up a dividend history, which shows what a company offers based on their past, but no way to see what the account holder in particular has earned. This can be limiting if the user is interested in investing more into companies that utilize dividends.


Selling


After the account holder makes, or loses, enough money, they may choose to sell the stocks they’ve acquired. The process is equally as basic as the buying process. They simply click on the stock, then click “sell,” and similar options come up just like when the stock was bought. Again, this includes the limit price, as well as some trade automation options like “one cancels other” and “fill trigger.” As soon as the stock sells at the price specified, which is not always instant, the money is automatically placed in the user’s account and displayed in the account window.


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Transfers


When the account manager decides it’s time to transfer the money earned to an outside account, the “transfer funds” button will bring up a separate window where one of four options may be chosen. Each one has their advantages and disadvantages. A wire transfer may incur transfer fees, for example. It also allows the user to add additional funds to their OptionsHouse by Etrade account if they choose. Each choice is spelled out so that there can be no confusion regarding which option is best for the situation. Depending on the selection, the money should be transferred within approximately 5 business days, except in the case of a check, which may take longer to receive, since it relies on mail. This multiple choice system is efficient and allows the trading platform to keep up with the many transactions that could occur in a single day of trading by allowing the user to choose the option that best fits their needs.


Summary


Overall, OptionsHouse by Etrade is a great experience for both advanced and novice young traders and investors. While it could be modernized a bit, the no-nonsense design is easy to understand and navigate after getting past the learning curve. With several layout options, simple buying process, and a variety of ways to visualize cashflow, anyone can learn to play the stock market, and maybe even make some money doing so.


Etrade ACAT Fee Disclaimer


For the most recent information on Etrade ACAT fees (full and partial account transfer out, wire transfer and ACH charges, ACAT eligible status) visit their website.