E*Trade charges $9.99 for stock trades, with an additional $45 charge for broker-assisted trades. Active traders (150 or more trades per quarter) are charged a lower rate ($7.99).

Figure 1: Summary of fees for popular E*Trade accounts.


Options trades follow the same basic stock commission structure, with an additional $0.75 tacked on for each contract.

As with most brokers, E*Trade's margin rates vary with the size of the account – ranging from "base minus 0.25%" for the largest accounts to "base plus 4.3%" for the largest.

International stock commissions vary with the exchange in question (C$19.99 for Canadian stocks, for instance), and additional fees and charges can apply, as well as currency exchange fees.

SEE: 5 Tips For Selecting A Forex Broker

While E*Trade offers a large number of no-fee funds, mutual funds outside of that list carry a $19.99 transaction fee.

There are very few explicit fees tied to retirement accounts at E*Trade, though certain transactions (recharacterizations and excess contribution removals) do carry a $25 fee.

Like most brokers, E*Trade charges no separate commission for Treasury bonds. There is a $1/bond charge for secondary market transactions ($10 minimum), and a $20 additional charge for broker assistance.

Futures contracts carry a base commission rate of $2.99 per contract plus additional fees that vary with the exchange in question.

Next: E*Trade Brokerage: Tools and Additional Features »



comments powered by Disqus
Trading Center