Etrade Fees Structure and Investment Products
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Pricing
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30+ Trades/QTR
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0-29 Trades/QTR
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Stock, ETF, & Options Trades
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$0
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$0
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Simple Options (options contract fee per contract)
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$0 plus $0.50
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$0 plus $0.65
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Options Contract Fee
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$0.50
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$0.75
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OTC Stocks
A $6.95 commission (or $4.95 commission for customers who execute at least 30 stock, ETF, and option trades
per quarter) applies to online trades of OTC stocks, including OTCBB, grey market, and OTC-traded foreign securities.
Complex Options
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Pricing
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30+ Trades/QTR
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0-29 Trades/QTR
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Options/Options
(options contract fee per contract in all legs)
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$0 plus $0.50
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$0 plus $0.75
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Stock/Options
(options contract/contract)
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$0 plus $0.50
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$0 plus $0.75
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Options
Exercise/Assignments
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$19.99
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1For options orders, an options regulatory fee will apply (depending on what exchange the order executed on).
Etrade Mutual Funds
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No-load, no-transaction fee funds4
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$0
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Transaction-fee funds
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$19.99
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Load funds
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See prospectus for amount of load
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Broker-assisted trades
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$25 plus the applicable commission
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Early redemption fee for no-transaction-fee funds
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$49.99
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Open Etrade Account
Open Etrade Account
Etrade IRA Fees
| Fee |
Amount |
| Etrade IRA setup fee |
$0 |
| Etrade annual IRA fee |
$0 |
| Etrade IRA termination fee |
$0 |
| Etrade account maintenance fee |
$0 |
| Etrade account inactivity fee |
$0 |
| Etrade outbound full account transfer (ACAT) fee |
$60 |
| Etrade outbound partial account transfer fee |
$25 |
Etrade Other IRA Fees
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Fee
|
Description
|
Amount
|
|
Early withdrawals taken before age 59.5 (premature distributions)
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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
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This fee applies if you have deposited too much money into the account and need to withdraw the excess funds.
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$25
|
|
Recharacterizations
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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
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Etrade Margin Rates
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Debit Balance
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Margin Interest Rates
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$250,000 - $499,999.99
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9.95%
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$100,000 - $249,999.99
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10.45%
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$50,000 - $99,999.99
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10.95%
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|
$25,000 - $49,999.99
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11.45%
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$10,000 - $24,999.99
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11.70%
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$0 - $9,999.99
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11.95%
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Etrade Bonds Fees
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US Treasury Auction
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$0
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US Treasury Secondary Trades Online
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$0
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Online Secondary Trades*
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$1 per bond (minimum $10, maximum $250)
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Rep Assisted Trades
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Online secondary pricing plus $20 commission
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|
Through Investment Product Specialists
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Net yield basis
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New Issues (except Treasury Auction)
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Offering price includes a selling concession
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Open Etrade Account
Open Etrade Account
Etrade Futures Fees
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Futures Contract Commission
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$1.50 per contract, per side + fees*
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*In addition to the $1.50 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.
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Etrade Other Fees
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Check Returned for Non-sufficient Funds
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$25
|
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Electronic Transfer Returned for Non-sufficient Funds
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$25
|
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Fed Call Extensions
|
$25
|
|
Alternative Investment Fee
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$250 for annual custody fee per position
$75* for new purchases and/or re-registration for transfers
$50 capital call fee
$75 liquidation fee
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|
Reorganizations
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$38 for mandatory actions (e.g., mergers, reverse stock splits)
$38 for voluntary actions (e.g., tender offers)
$50 for actions reflected on physical certificates
|
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Restricted Securities Custody
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$150
|
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Worthless Securities Processing
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$5
|
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American Depositary Receipts (ADRs) Custody Fee
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$.005 - $.05 per share
|
|
Financial Transaction Tax (FTT) Ordinary & ADR
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French
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.
|
|
Forced Margin Liquidation
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$25
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Paper Statement Fee
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Paper Statement Fee
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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:
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Exemptions:
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Account Types
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|
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Customers currently enrolled with electronic statements
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|
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Pro Elite customers (To qualify for Pro Elite, you must execute at least 30 stock or options trades during a calendar quarter)
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Retirement & custodial accounts
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Global Trading accounts
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Other relationships with E*TRADE Financial
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Stock plan accounts for current employees of current E*TRADE Financial Corporate Services clients
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Minimum Balance
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|
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Customers with a combined value of $10,000 in cash and securities in linked E*TRADE Securities accounts
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|
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Customers with a combined balance of $20,000 or more in linked E*TRADE Securities and E*TRADE Bank accounts
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Special Request Fees
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Overnight Mail
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$20
|
|
Account Transfers (outgoing)
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$25 for partial transfers
$75 for full transfers
|
|
Check Copies
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$15 per copy
|
|
Check Requests
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$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
|
$500 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
|
Cost Comparison
| Broker Fees |
Stock/ETF
Commission |
Mutual Fund
Commission |
Options
Commission |
Maintenance
Fee |
Annual IRA
Fee |
|
WeBull
|
$0
|
na
|
$0 per contract
|
$0
|
$0
|
|
TD Ameritrade
|
$0
|
$49.99 ($0 to sell)
|
|
$0
|
$0
|
|
Firstrade
|
$0
|
$0
|
$0 per contract
|
$0
|
$0
|
|
Etrade
|
$0
|
$19.95
|
$0.65 per contract
|
$0
|
$0
|
Services Comparison
Etrade Mutual Fund Commissions
Mutual funds that carry a transaction fee cost $19.99. This charge is assessed on each purchase, sale, and exchange.
Etrade mutual fund commission is higher than some other brokers, including Firstrade ($0).
Placing a trade with a live broker over the phone costs an additional $25.
Etrade Mutual Fund Fees
A good selection of mutual funds are available to Etrade customers. The broker's screener generates more than 7,600 products that are available for purchase. More than 4,200 of these carry no load and no transaction fee. These 4,200 funds have a 90-day minimum hold period. If an NTF fund is sold in less than that time, the broker charges a $49.99 short-term redemption fee. This charge is designed to discourage short-term trading inside a fund, which increases costs. Keep in mind that Etrade's redemption fee is in addition to any redemption fee charged by the fund itself.
There are certain fund families that are exempt from Etrade's redemption fee. They are ProFunds, Rydex, and Direxion (although the family's commodity fund DXCTX is not exempt). Money market funds are also exempt.
Some mutual funds at Etrade have no minimum purchase amount, either in a regular brokerage account or an IRA. On the other end of the spectrum, some funds will require as much as $5,000,000. Many funds at Etrade have a $100 minimum purchase amount. Each individual mutual fund sets a minimum initial and subsequent purchase amount. Most of the funds at Etrade have a $0 subsequent minimum.
Sorting through the thousands of mutual funds available at Etrade is fairly simple using the broker's handy screener. Several criteria can be used to make finding products easier. These include Morningstar rating, fund category, and distribution yield. The screener also provides pre-defined searches, such as index funds and alternative investments.
Etrade gives its customers a list of All-Star Funds. These are mutual funds that are pre-selected by the company. They are all no-load, and most of them also carry no transaction fee. In order for a fund to appear on the list, it must have a minimum of three years of above average returns, compared to its peers. Etrade evaluates a fund's expense ratio, manager tenure, and performance and style consistency before adding it to the All-Star list. The broker also ensures the fund is structured using sensible investment theory and process, and has an acceptable level of investment risk that is managed wisely. The funds on the list can be sorted by several categories, including large cap domestic, fixed income, balanced, and international.
Etrade Incentive, Review and Website Link
Read full
Etrade Review.
Etrade incentive:
Get zero commission on stock and ETF trades.
Etrade fees are as of 2022 and are subject to change. For the most recent information on
the Etrade fees, visit their website:
Arthur Chachuna is professional personal finance blogger, and the owner of Brokerage-Review.com.
He has been an avid investor for 23 years, and has background in both applied math and programming.
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