E*TRADE is a popular online broker for a reason: The company offers several trade platforms, a wealth of research and educational tools, commission-free trades of stocks, exchange-traded funds and options, and a large selection of transaction-fee-free mutual funds.
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Key facts on E*TRADE fees
- E*TRADE charges no commission for online trades of stocks, ETFs and options. There is an options contract fee of $0.65 per contract.
- E*TRADE offers reduced options pricing for active traders — those who trade 30 or more times per quarter pay just $0.50 per contract.
- E*TRADE’s trading platforms — E*TRADE Web, Power E*TRADE and two mobile apps — are free and available to all customers, with no trade activity or balance minimums.
- There are no minimum trade requirements or inactivity fees.
- The company’s account minimum is $500 for brokerage accounts and $0 for IRA accounts.
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Here’s an overview of E*TRADE’s commission and fee structure:
E*TRADE Fees
| Service | Fee | Notes |
|---|---|---|
| Commission for stocks and ETFs | $0. | |
| Mutual funds | Transaction fee: $19.99 Load funds: Load listed in prospectus | 4,400+ no-transaction-fee mutual funds |
| Mutual fund short-term redemption fee | $49.99 | Charged on redemptions or exchanges of no-load, no-transaction-fee funds held less than 90 days |
| Options | No base commission; $0.65 per contract. Active traders pay $0.50 per contract. | |
| Futures | $1.50 per contract, per side Bitcoin futures: $2.50 per contract, per side | Plus exchange and regulatory fees |
| Margin rates | 7% to 10.50% | |
| Broker-assisted trades | $25/ | |
| Extended-hours trading | $0.005 per share | |
| Paper statements | $2 (some accounts exempted from fee) | Electronic statements are free |
| Outbound account transfer | $75 full account; $25 partial account | No partial transfer fee if remaining balance is greater than $5,000 |
| Early withdrawal (before age 59-1/2) from retirement account | $25 | |
| Removal of excess retirement-account contribution | $25 | |
| Recharacterization of Roth IRA or traditional IRA contribution or conversion | $25 |
