Etrade Fee For Buying and Selling Stock
Etrade charges $6.95 fee for selling and buying any stock or ETF. Unlike some other online brokers, there is no surcharge
to trade penny stocks or large amount of shares. However, the broker has a surcharge of $0.005 per share on extended hours
trades (ECN fee) as well as trades executed through E*TRADE Pro trading platform at an ECN during both regular market and extended hours
sessions.
Etrade clients making 30 or more trades per quarter get a $2 per trade discount on stock and ETF trades.
Etrade Stock Trading Fees Comparison
All Etrade Trading Fees
| Product | Price |
|---|
| Stocks and ETFs | $6.95 or $4.95* |
| Options | $6.95 + $0.65 per contract or $4.95 + $0.50* |
| Mutual funds | $19.95 |
| Bonds | $1 per bond with $10 minimum, $250 maximum |
| Futures | $1.50 per contract, per side + fees |
| Certificates of Deposit (CDs) | $24.95 |
* - $4.95 per equity trade and 50 cents per options contract for users who make 30 or more trades in the prior calendar quarter.
Etrade Overview
Etrade, along with TD Amerirade, is one of the five largest discount brokerage firms in the country. When it was founded in 1992 as the first online
discount brokerage, it revolutionized stock market trading. Now, Etrade's millions of customers enjoy access to a suit of free valuable services and to
impressive selection of investment products.
Etrade provides very competitive pricing to buy or sell no-load mutual funds: just $19.95 per transaction.
The firm offers its customers 8,000 mutual funds, including 1,300 no-load, no-transaction fee (NTF) mutual funds.
In addition to the great cash offer Etrade provides access to independent third-party investment research from S&P,
Morningstar, Thompson Reuters, Credit Suisse, and Smart Consensus.
There are no account inactivity, maintenance or hidden fees for both non-IRA and IRA accounts.
Etrade is one of our recommended online brokers for investing in mutual funds, bonds, as well as for IRA account holders -
there are no IRA setup, annual and custodial fees.
Etrade Financial has been offering Individual Retirement Accounts (IRAs) on their website for over a decade. Investors can rollover existing IRAs from
their employers or another brokerage firm at no cost. Etrade’s recently revamped trading platform offers tools and services similar to other
brokerages such as Charles Schwab or Scottrade but trade fees are higher than most competitors. The rest of the article will discuss the pros and cons of using
Etrade for IRA accounts.
Account Setup
Accounts are free to setup with Etrade and are not charged any annual fees. Applications take about 5-10 minutes to complete. In compliance with the US
Patriot Act, investors will have to provide four important pieces of information to open an account:
- U.S. Permanent Residential Address
- Date of Birth
- Social Security or Tax ID number
- Employer name and address
For those with limited credit or employment history, Etrade may require additional pieces of identification such as a State ID or driver’s license
before accepting funds. It is prudent to assume a two-week waiting period between initial application and availability of funds for trading in the
online account. It is important to notify Etrade or any another brokerage of changes in this information as any inconsistency will result in account
suspension.
Etrade IRA Choices
Retirement is a big deal and no doubt Etrade has a variety of individual retirement accounts (IRAs) to help you get there. However, just as important as the number
IRAs available is the number and types of investment options that you can choose from within each IRA. Aside from great offer codes Etrade also provides
a number of features and tools to help investors to get the best returns.
There are several Individual Retirement Accounts available to Etrade customers. These include Traditional, Roth, Rollover, OneStop Rollover, SIMPLE,
SEP, Beneficiary, Complete, and Minor accounts. The broker has retirement specialists over the phone who can help investors open any of these IRA's.
Etrade IRA
IRA Setup Fee: $0
IRA Annual Fee: $0
IRA Termination Fee: $0
Etrade is one of the best-known online brokerage firms in the country, and it is a publicly traded company.
When it was founded in 1992 as the first online discount brokerage, it revolutionized stock market trading. Since then, many other companies have followed
the same business model.
Etrade stock and ETF commission is $6.95 per trade, options commission is $6.95 plus $0.75 per contract. Mutual funds are priced much more reasonably at
$19.99 per transaction.
Etrade offers banking services to its customers - checking accounts and mortgages.
The company also provides its clients with an ability to invest in Agency, Corporate, and Municipal bonds, Brokered CDs, Pass-thrus, CMOs, Asset Backed Securities.
The price for bond trading and investing is very good: $1 per bond with $10 minimum and $250 maximum.
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