There is an options contract fee of $0.65 per contract. The FINRA TAF for a covered TRACE-eligible security (other than an asset-backed security) and/or municipal security is $0.00075 multiplied by the number of bonds, with a maximum charge of $0.75 per trade. For a current prospectus, visit www.etrade.com/mutualfunds or visit the Exchange-Traded Funds Center at www.etrade.com/etf. Her work has appeared in The Wall Street Journal and MarketWatch. E*TRADE Securities may act as principal or agent on any bond transaction. If you deposit $1,000,000 in your new account, you will receive two cash credits that will total $2,500 within seven business days. This fee applies when you change a contribution (that you've already made) from a Roth IRA to a Traditional IRA (or vice versa). Bank products and services offered by E*TRADE Bank and E*TRADE Savings Bank, both federal savings banks and Members FDIC. E*TRADE Financial Corporation and its affiliates do not provide tax advice, and you always should consult your own tax adviser regarding your personal circumstances before taking any action that may have tax consequences. * FINRA levies a Trading Activity Fee (TAF) for sales of covered securities that we pass through to you. At a time when several businesses are offering waivers and consolations to their new and loyal customers, eTrade has been assessing fees … When evaluating offers, please review the financial institution’s Terms and Conditions. E*TRADE charges $0 commission for online US-listed stock, ETF, and options trades. Choose from 4,400+ no-load, no-transaction-fee mutual funds. Learn more. 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. If a stock you own goes through a reorganization, fees … Take the guesswork out of choosing investments with prebuilt portfolios of leading mutual funds or ETFs selected by our investment team. Now its costing me another $120 … I called and nicely asked them if they could remove the fee and they did. » Compare the top online brokers for stock trading. Please help us keep our site clean and safe by following our, Prevent identity theft, protect your credit, The difference between term and whole life insurance, How medical conditions affect your life insurance rate, For a fuller overview of E*TRADE's commission and fee structure, check out our. Offer limitations: This offer is not valid for any business (incorporated or unincorporated) accounts, E*TRADE Futures, E*TRADE Capital Management, E*TRADE Bank, E*TRADE Savings Bank accounts, or select retirement accounts including SEP IRA, SIMPLE IRA, retirement accounts for minors, profit sharing plans, money purchase pension plans, investment only noncustodial retirement plans and some business accounts. A $6.95 commission (or a $4.95 commission for customers who execute at least 30 stock, ETF, and options trades per quarter) applies to online trades of OTC stocks , including OTC, OTCBB, grey market, and OTC-traded foreign securities. Directed trades executed through E*TRADE Pro to an ECN during regular market hours and Extended Hours sessions are subject to directed order fee of $0.005 per share. E*TRADE Securities reserves the right to terminate this offer at any time. What Is an Individual Retirement Account (IRA)? Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. The broker does provide some exceptions to this rule. Excludes current E*TRADE and Morgan Stanley employees, including any subsidiaries thereof, non-U.S. residents, and any jurisdiction where this offer is not valid. The quarters end on the last day of March, June, September, and December. Transfer agents and banks that sponsor ADRs are permitted to charge ADR holders an annual custody fee. Suggested Keywords: Account types, DRIPs, Routing number, IP, Penny stocks. Standard commissions for stock and options trades are $0 (plus an additional $0.65 per options contract). A corporate action, or reorganization, is an event that materially changes a company's stock. No further action is required on your part. For example, if you deposit $150,000, you will receive a cash credit of $300 within seven business days, then if you deposit an additional $100,000 into your new account, you will receive an additional cash credit of $300 at the end of the 60 day window for a total reward of $600. If you are attempting to enroll in this offer with a Joint Account, the primary account holder may have to fulfill at the tiers noted before the secondary account holder can enroll in this offer. Back in November I logged into my Etrade brokerage account and was just reviewing my account activity and was surprised to see a line item for "Mandatory Reorg fee" for $20. Does anyone know if this applies to options as well? To discourage short-term trading, E*TRADE Securities will charge an Early Redemption Fee of $49.99 on redemptions or … Â. Please note companies are subject to change at anytime. All rights reserved. E*TRADE Copyright Policy. Orders that execute over more than one trading day, or orders that are changed, may be subject to an additional commission. All fees will be waived if combined E*TRADE Securities account balances total over $100,000 or you have placed 30 or more trades in the last quarter.  E*TRADE Financial’s reorganization fees rose 14% in 1H17 compared to 1H16. So how do we make money? E*TRADE offers reduced options pricing for active traders — those who trade 30 or more times per quarter pay just $0.50 per contract. Voluntary reorganization fee for corporate actions is $38. For a fuller overview of E*TRADE's commission and fee structure, check out our E*TRADE review. The trading platform doesn't have a minimum account requirement, but they do charge $20 a year for a service fee. Prior to investing in a managed portfolio, E*TRADE Capital Management will obtain important information about your financial situation and risk tolerances and provide you with a detailed investment proposal, investment advisory agreement, and wrap fee programs brochure. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Finally, as we must facilitate the exchange of shares in your account, a $38.00 reorganization fee was charged to cover the processing costs. The base rate is set at E*TRADE Securities' discretion with reference to commercially recognized interest rates, such as the broker call loan rate. 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. I can request for the reversal of the present $38.00 fee. This became the … If you experience any issues when attempting to enroll with a Joint Account, please contact us 800-387-2331 (800-ETRADE-1) and we will be able to assist you with your enrollment. The retail online $0 commission does not apply to Over-the-Counter (OTC), foreign stock transactions, large block transactions requiring special handling, transaction-fee mutual funds, futures, or fixed income investments. How IRAs Work, Index Funds: How to Invest and Best Funds to Choose. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. To see the details of the fee (as well as the terms and timing of the split), go to etrade.com/transactionhistory. Base rates are subject to change without prior notice. In 1H17, the company reported reorganization fees of $8.0 million compared to $7.0 million in 1H16. Stock plan account transactions are subject to a separate commission schedule. Many or all of the products featured here are from our partners who compensate us. Direxion (other than the commodity Trends Strategy Fund DXCTX), ProFunds, Rydex mutual funds and all money market funds will not be subject to the Early Redemption Fee. Here is a list of our partners. However, if you deposit $100,000-$249,999, you will receive a cash credit within seven business days. Etrade fees for stock selling trades. Transaction fees, fund expenses, and service fees may apply. The fee will be posted to your monthly account statement and transaction history pages as "ADR Custody Fee.". Existing clients or new clients opening more than one account are subject to different offer terms. My investment now has a market value of $36 and then Etrade placed a $38 fee on my account for the reorganization. Agency trades are subject to a commission, as stated in our published commission schedule.Â. 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