Firstrade

Etrade Margin Interest Rates


2018 current Etrade margin rates: interest rates, fees, charged on trading account margin loans. Etrade base lending rate (BLR - broker loan cost).



Etrade Margin Rates


Debit Balance Margin Interest Rates
above $1,000,000 7.25%
$500,000 - $999,999.99 8.25%
$250,000 - $499,999.99 8.75%
$100,000 - $249,999.99 9.25%
$50,000 - $99,999.99 9.75%
$25,000 - $49,999.99 10.25%
$10,000 - $24,999.99 10.50%
$0 - $9,999.99 10.75%

Current E*TRADE base rate is 8.25%.


Lowest Margin Rates


Broker $0 - $4,999 $5,000 - $9,999 $10,000 - $24,999 $25,000 - $49,999 $50,000 - $99,999 $100,000 - $249,999 $250,000 - $499,999 $500,000 - $999,999 above $1,000,000
M1 Finance 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00%
ZacksTrade 5.69% 5.69% 5.69% 5.69% 5.69% 5.19% 5.19% 5.19% 5.19%
TastyWorks 8.00% 8.00% 8.00% 7.50% 7.00% 6.50% 6.00% 5.50% 5.00%


Online Brokers Margin Rates


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Etrade rating

Read full Etrade Review »


Mutual Funds


Etrade customers can buy and sell approximately 8,000 mutual funds. Almost 1,300 have no load and no transaction fee. The charge for transaction-fee funds is $19.99 on both the buy and sell sides.


Customer Support


Etrade is well known for offering stellar customer support, starting with the opportunity to visit one of their official branch offices around the county. With options to chat live with a technician on your computer, to calling free 800 numbers that also reach live tech support immediately to gaining the insight of a financial consultant to help manage your assets, Etrade is thoroughly covered in the customer support department.


Community


One of the finer aspects that sets Etrade apart from its competitors is its online trading community. Here is the place where traders can connect with each other. Gaining access to others like yourself who are either day traders or long-term investors is invaluable in obtaining a feel for the market sentiment and trending opinions.


Conclusion


All in all, Etrade has a long history of being a high quality, dependable, top-rated brokerage firm for long term investors that you can trust with you investments.






Etrade IRA Trading Fees


Within an IRA, Etrade’s regular commission schedule is in effect. Stock and ETF trades are $6.95. Traders can also use a live broker over the phone to execute a trade. Using this service costs $25.

Etrade has a large selection of NTF mutual funds for traders who don't want to pay a commission to buy and sell securities. The broker has over 8,000 mutual funds. More than 1,300 have no transaction fee and no load. Funds with a transaction fee are $19.99 per trade.

Retirement savers at Etrade have access to several target date mutual funds. These products become less risky as the target date approaches, which is when retirement is expected to begin. Some of these target date funds have no load and no transaction fee.

There are 101 commission-free ETF's available at Etrade. All of them have expense ratios below 1.00%. Some mutual funds available through Etrade have expense ratios above 1.00%, so these free-to-trade ETF's might entice a few retirement savers. A selection of the ETF's have portfolios that will be popular with retirees. For example, there are REIT funds, dividend funds, and an S&P 500 fund.


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Etrade IRA Fees


Etrade offers Individual Retirement Accounts with no annual fees, no account maintenance fees, no setup fees, no account minimums, and no inactivity fees. The broker's IRA for Minors has no extra fees beyond a regular IRA. There is no minimum opening deposit requirement for a retirement account with the broker.

Despite the above fee policy, Etrade does have some uncommon $25 fees for IRA's. There is a $25 charge for withdrawals prior to the IRS allowed age (59½). A further $25 fee is charged if contributions above IRS guidelines have to be withdrawn. Another $25 charge is applied for recharacterizations. On the flip side, Etrade does not charge a fee to close an IRA as long as there are no securities in the account.


Etrade IRA Fees Comparison


Etrade has a good selection of free-to-trade mutual and exchange-traded funds. Many brokers offer fewer commission-free funds. For example, Merrill Edge and USAA both offer fewer funds with no commissions compared to Etrade. Furthermore, the broker's no opening deposit requirement is better than Charles Schwab's $1,000 minimum.

On the negative side, Etrade's commission for stock and ETF trades is higher than many of its rivals, such as Ally Invest ($4.95). Furthermore, Etrade's list of $25 IRA fees is disappointing. Other brokers, such as TD Ameritrade, don't charge fees for the same account activities.


Current Etrade Margin Interest Rates


Etrade margin rates charged on account margin loans and Etrade base lending rate (BLR) broker loan cost are as of 2018. For the up-to-date Etrade margin interest rates visit their web-site.