Did you know Americans are not saving enough for their future? If you’ve heard it a million times, this is your calling. Be kind to the future you. It’s time to do something about it. E*TRADE can help you take steps today that could give you the freedom to live the life you want tomorrow. Gain an edge in the market! At E*TRADE, every trader and investor gets access to powerful, yet easy-to-use tools to research ideas, test strategies, and take action—all backed by specialized support and guidance when you need it.
But wait, there’s an incentive for you to get started today and this offer is available nationwide! E*Trade is offering you a chance to earn a $200 up to $2,500 bonus PLUS free trades for 60 days when when you open a new E*TRADE Securities Individual, Joint or Retirement account and fund it within 45 days of account opening. Get ahead today and help guide your path towards a more secure future today! Keep in mind that this offer ends December 31, 2018!
Table of Contents
- 1 E*TRADE Brokerage Account Features
- 2 E*Trade Brokerage Account – Application Link
- 3 E*Trade Brokerage Account Bonus Requirements
- 4 Gain An Edge In The Market
- 5 New To Online Investing?
- 6 OptionsHouse Platform
- 7 E*Trade Brokerage Account – Pricing and Rates
- 8 Frequently Asked Questions (FAQs)
- 9 Author’s Verdict
E*TRADE Brokerage Account Features
- Low flat pricing – Save with $4.95 – $6.95 stock & options trades, 50¢ / 75¢ per options contract, and low margin rates
- Options Trading – Turn volatility into opportunity and protect your positions with professional-grade options tools and analytics.
- Exclusive Power E*TRADE Pro – trading platform gives you the very latest in trading innovation and usability
- Fully integrated idea-generating tools and live streaming CNBC – Find new opportunities with trading ideas from Minyanville and integrated technical screening & backtesting.
- Free trading education from respected industry professionals.
- Futures Trading – Trade futures with professional-grade TT_TRADER platform and support from dedicated Futures Trading Specialists.
- E*TRADE Mobile Pro – Track the markets and place trades anytime, anywhere – available on iPhone, iPad, Blackberry, and Android
E*Trade Brokerage Account – Application Link
E*TRADE Brokerage Account: If you’re interested in creating a more stable future, apply today!
E*Trade Brokerage Account Bonus Requirements
Offer valid for one new E*TRADE Securities non-retirement brokerage account opened by and funded within 60 days of account opening with $10,000 or more. On top of the bonus, an account funded with a minimum deposit of $10,000 within 60 days of account opening will receive up to 500 commission-free stock and options trades executed within 60 days of the deposited funds being made available for investment in the new account (excluding options contract fees). See the bonus breakdown below:
|Bonus Amount:||Deposit or Transfer Amount:|
|$2,500||Deposit $1,000,000 or more|
|$1,200||Deposit $500,000 to $999,999|
|$600||Deposit $250,000 to $499,999|
|$300||Deposit $100,000 to $249,999|
|$200||Deposit $25,000 to $99,999|
|Free Trades for 60 Days||Deposit $10,000 to $24,999|
Gain An Edge In The Market
At E*TRADE, every trader and investor gets access to powerful, yet easy-to-use tools to research ideas, test strategies, and take action—all backed by specialized support and guidance when you need it.
Best-in-class trading platform. Research and trade stocks, options, exchange-traded funds (ETFs), and futures all on the award-winning OptionsHouse platform. Enjoy the same powerful trading experience on any web browser or tablet.
Some of the lowest fees in the market! Pay $6.95 per stock and options trade, plus 75¢ per options contract. Traders who execute 30+ trades per quarter pay just $4.95 per stock and options trade, plus 50¢ per options contract.
New To Online Investing?
Starting to invest can be intimidating, we get that. That’s why E*TRADE will help investors just like you get started with easy-to-use tools and guidance to help you invest with confidence.
Step 1: Make your plans. Retirement is a big savings goal for most people, but don’t lose track of other life events you need to prepare for now. Thei tools can help you set goals and start moving in the right direction.
Set a goal: The sooner you start to save, the sooner your money has potential to grow. See how to get started
Build a plan: To reach your destination, it helps to start with a solid roadmap. Chart your course
Step 2: Build your portfolio. Now it’s time to put your plan in motion. Choose your portfolio using our tools and support, or let E*TRADE Capital Management recommend and manage it for you. Build it yourself:
- Investing ideas
… OR get a managed portfolio
- Core Portfolios
- Answer questions online, and based on your responses we’ll recommend and manage a diversified portfolio that helps meet your needs. Get started with as little as $5,000.
- Learn more about Core Portfolios
- Blend Portfolios
- Work with a Financial Consultant to choose a diversified portfolio tailored to your needs. We’ll then monitor and manage your portfolio to help keep you on track. Get started with a $25,000 initial investment.
- Learn more about Blend Portfolios
- Dedicated Portfolios
- Have more complex needs? Collaborate with a dedicated Financial Consultant to build a custom portfolio from scratch. We actively manage your portfolio on an ongoing basis. Get started with a $150,000 initial investment.
- Learn more about Dedicated Portfolios
Step 3: Keep it going. Congratulations, your plan is in place. Now you’ll need to make sure it stays on track. Once again, E*TRADE is there to help.
It’s the platform for traders who live and breathe the markets. Advanced, yet intuitive and easy to use. Off the charts charting. Faster and more powerful. And we keep making it better and better.
A best-in-class platform built by traders, for traders! Take your trading to a whole new level. Explore some of the features that let you spot and seize on market opportunities, from the team that built the original award-winning OptionsHouse platform.
|Integrated Trading: The markets are at your fingertips with the power to trade stocks, ETFs, options, and futures on a single platform.|
|Advanced Charting: Formulate potentially winning trading strategies with 100+ technical studies and more than 30 drawing tools.|
|Trading Ladders: Get instant access to streaming real-time prices, and then trade, cancel, or modify orders with a click.|
|Options Chains: Customizable options chain views make it fast and easy to research, analyze, and take action fast.|
E*Trade Brokerage Account – Pricing and Rates
E*TRADE does not believe in holding back on information. Especially on pricing. Get the answers you’re looking for. Get low pricing and the E*TRADE experience!
|Stocks, options, and ETFs||$6.95||$4.95|
|Short options priced at 10¢ or less||$0||$0|
|Bonds (online secondary trades)||$1.00||$1.00|
|Margin rate ($50k+ debit balance)||9.00%||9.00%|
|Mutual funds – 9,000+ available – 4,400+ no-load, no-transaction-fee|
|Broker-assisted trades||Add $25||Add $25|
Stock plan account transactions are subject to a separate commission schedule. See your commission schedule now.
Stock & Option Trades
|Pricing||0–29 Trades/QTR||30+ Trades/QTR|
|Stock and options trades||$6.95||$4.95|
|Simple options (options contract fee per contract)||$6.95 plus $0.75||$4.95 plus $0.50|
|Options contract fee||$0.75||$0.50|
|Pricing||0–29 Trades/QTR||30+ Trades/QTR|
|Options / options (options contract fee per contract in all legs)||$6.95 plus $0.75||$4.95 plus $0.50|
|Stock / options (options contract / contract)||$6.95 plus $6.95 plus $0.75||$4.95 plus $4.95 plus $0.50|
|Options (exercise / assignments)||$4.95||$4.95|
For options orders, an options regulatory fee will apply (depending on what exchange the order executed on).
Exchange-Traded Funds (ETFs)
|Pricing||0–29 Trades/QTR||30+ Trades/QTR|
|Short-term trading fee for commission-free ETFs||$15.99 for customers with 150+ stock and options trades during quarter
$19.99 for customers with 0-149 stock and options trades during quarter
You can buy and sell the ETFs available through the E*TRADE Securities commission-free ETF program without paying brokerage commissions. For margin customers, the ETFs purchased through the program are not margin eligible for 30 days from the purchase date. To discourage short-term trading, E*TRADE Securities may charge a short-term trading fee on sales of participating ETFs held less than 30 days.
The fund’s prospectus contains its investment objectives, risks, charges, expenses, and other important information and should be read and considered carefully before investing. For a current prospectus, visit www.etrade.com/mutualfunds or visit the Exchange-Traded Funds Center at www.etrade.com/etf.
|U.S. Treasury auction||$0|
|U.S. Treasury secondary trades online||$0|
|Online secondary trades||$1 per bond (minimum $10, maximum $250)|
|Broker-assisted trades||Online secondary pricing plus $20 commission|
|Through Fixed Income Specialists||Net yield basis|
|New issues (except Treasury auction)||Offering price includes a selling concession|
E*TRADE Securities may act as principal or agent on any bond transaction. When acting as principal, we will add a markup to any purchase, and subtract a markdown from every sale. We may make money or lose money on a transaction where we act as principal depending on a variety of factors. The markup or markdown will be included in the price quoted to you and you will not be charged any commission or transaction fee for a principal trade. Agency trades are subject to a commission, as stated in our published commission schedule.
Includes agency bonds, corporate bonds, municipal bonds, brokered CDs, pass-throughs, CMOs, asset-backed securities.
Secondary market trades executed through a Fixed Income Specialist will be effected on a net yield basis, where E*TRADE Securities will act as principal. When acting as principal, we will add a markup to any purchase, and subtract a markdown from every sale. 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.
|Futures contract commission||$1.50 per contract, per side + fees|
In addition to the $1.50 per contract per side commission, futures customers will be assessed certain fees including applicable futures exchange and National Futures Association (NFA) fees, as well as floor brokerage charges for execution of non-electronically traded futures and futures options contracts. These fees are not established by E*TRADE Futures LLC, and will vary by exchange.
Other Transaction Pricing
|FINRA trading activity fee (TAF)||$0.0001191|
|Index option fee (IOF)||Price varies. See chart below.|
1. FINRA levies a Trading Activity Fee (TAF) for sales of covered securities that we pass through to you. The FINRA TAF for sales of equity securities is currently $0.000119 per share with a per-transaction cap of $5.95. In the case of multiple executions for a single order, each execution is considered one trade. For example, if you sell 1,000 equity securities the fee would be the number of shares 1,000 multiplied by $0.000119 which equals $0.119. The FINRA TAF for option sales is currently $0.002 per contract. For example, if you sell 100 options contracts, the fee would be the number of contracts 100 multiplied by $0.002, which equals $0.20. 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 example, if you sell 100 bonds, then the fee would be $0.075. Please note FINRA TAF Fees are subject to change.
Index Option Fee (IOF)
|Underlying Symbol||Description||Fee Per Contract|
|SPX||S&P 500 Index||$0.53|
|RUT||Russell 2000 Index||$0.18|
|VIX||CBOE Market Volatility Index||$0.36|
|OEX||S&P 100 Index (American-style exercise)||$0.40|
|XEO||S&P 100 Index (European-style exercise)||$0.40|
|DJX||Dow Jones Industrial Average Index 1/100||$0.18|
|NDX||NASDAQ 100 Index||$0.14|
Please note IOF fees are subject to change.
The fees charged by E*TRADE related to a transaction for the account of Customer are designed to offset third-party fees generally charged to E*TRADE in respect of such transactions, including without limitation any regulatory or transaction fee or tax, market center fee, clearing house fee or depository fee, assessed by any regulatory authority, self-regulatory organization, market center, clearing house, clearing agency or depository, including without limitation the SEC, FINRA, any national securities exchange or other market center, DTC and NSCC. E*TRADE shall have the right to determine such fees in its reasonable discretion, and such fees may differ from or exceed the actual third-party fees properly paid by E*TRADE in connection with any transaction. These differences may be caused by various factors, including, among other things, the rounding methodology used by E*TRADE, the use of allocation accounts and transactions or settlement movements for which a fee may not be assessed, timing differences in changes, third-party rate caps and floors, calculation errors and various other anomalous reasons.
Base rates effective as 12/14/2017–7.50%
Stocks, Options, and ETFs
|Debit Balance||Margin Rate|
|$1,000,000 or more||6.50% (1% below base rate)|
|$500,000 to $999,999.99||7.50% (Equal to base rate)|
|$250,000 to $499,999.99||8.00% (.50% above base rate)|
|$100,000 to $249,999.99||8.50% (1.00% above base rate)|
|$50,000 to $99,999.99||9.00% (1.50% above base rate)|
|$25,000 to $49,999.99||9.50% (2.00% above base rate)|
|$10,000 to $24,999.99||9.75% (2.25% above base rate)|
|Less than $10,000||10.00% (2.50% above base rate)|
Margin trading involves risks and is not suitable for all investors. Rates are subject to change without notice. Rates are set at the discretion of E*TRADE Securities with reference to commercially recognized interest rates, such as the broker call loan rate.
Trading on margin involves risk, including the possible loss of more money than you have deposited. In addition, E*TRADE Securities can force the sale of any securities in your account without contacting you if your equity falls below required levels, and you are not entitled to an extension of time in the event of a margin call. For more information, please read the risks of trading on margin at www.etrade.com/margin.
The base rate is set at E*TRADE Securities’ discretion with reference to commercially recognized interest rates, such as the broker call loan rate. Base rates are subject to change without prior notice.
Transactions in futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with the Firm to maintain your position. If the market moves against your positions or margin levels are increased, you may be called upon by the Firm to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds immediately, regardless of the requested due date, your position may be liquidated at a loss by the Firm and you will be liable for any resulting deficit.
E*TRADE Personalized Investments
|Account Market Value||Flat Annual Advisory Fee|
|Account market value (minimum of $25,000)||Blended annual advisory fee|
|Next $1,000,000 and more||0.65%|
|Account market value (minimum of $150,000)||Blended annual advisory fee|
|Next $3,000,000 and more||0.95%|
Fixed Income Portfolios
|Account market value (minimum of $250,000)||Blended annual advisory fee|
Actively Managed Portfolios
|Next $1,000,000 and more||0.65%|
|Next $1,000,000 and more||0.35%|
The advisory fee is paid quarterly in arrears and taken out of the managed portfolio at the beginning of the next quarter. No further action is required on your part.
As the market value of the managed portfolio reaches a higher breakpoint, as shown in the tables above, the assets within the breakpoint category are charged a lower fee (a blend of the different tiered fee rates listed).
Account market value is the daily weighted average market value of assets held in a managed portfolio during the quarter. The quarters end on the last day of March, June, September, and December.
|No-load, no-transaction-fee funds||$0|
|Transaction fee funds||$19.99|
|Load funds||See prospectus for amount of load|
|Early redemption fee for no-load, no transaction fee for Mutual Funds||$49.99|
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. 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. All fees and expenses as described in the fund’s prospectus still apply. Please read the fund’s prospectus carefully before investing.
The fund’s prospectus contains its investment objectives, risks, charges, expenses and other important information and should be read and considered carefully before investing. For a current prospectus, visit www.etrade.com/mutualfunds.
|Early withdrawals taken before age 59½ (premature distributions)||This fee applies if you take an early withdrawal of funds before the age of 59½, including removing money for a first-time home purchase, medical expenses, and education expenses.||$25|
|Excess contribution removal||This fee applies if you have deposited too much money into the account and need to withdraw the excess funds.||$25|
|Recharacterizations||This fee applies when you change a contribution (that you’ve already made) from a Roth IRA to a traditional IRA (or vice versa), or when you change a Roth IRA conversion back to a traditional IRA.||$25|
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 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.
Click here to view ERISA Section 408(b)(2) information
Account Activity Fees
|Check returned for insufficient funds||$25 for first occurrence
$30 for second occurrence
$40 for third occurrence
|Electronic transfer returned for insufficient funds||$25|
|Fed call extensions||$25|
|Alternative investment fee||$250 for annual custody fee per position
$75 for new purchases and/or re-registration for transfers
$50 capital call fee
$75 liquidation fee
|Reorganizations||$38 for mandatory actions (e.g., mergers, reverse stock splits)
$38 for voluntary actions (e.g., tender offers)
$50 for actions reflected on physical certificates
|Restricted securities custody||$150|
|Worthless securities processing||$5|
|American Depositary Receipts (ADRs) custody fee||$.005—$.05 per share|
|Financial transaction tax (FTT) Ordinary and ADR||French companies
Effective December 1, 2012 all opening transactions in designated French companies will be subject to the French FTT at a rate of 0.20% of the total transaction costItalian companies
Effective March 1, 2013 all opening transactions in designated Italian companies with a market capitalization greater than 500 million Euros will be subject to the Italian FTT.
|Forced margin liquidation||$25.00|
A one-time fee applied when the custodian of a limited partnership is changed from another brokerage firm to E*TRADE Securities.
Transfer agents and banks that sponsor ADRs are permitted to charge ADR holders an annual custody fee. The fee is administered through the Depository Trust Company (DTC) which typically will be subtracted from the gross dividend amount payable and / or collected from E*TRADE Securities by the DTC and deducted from your account if the ADR does not pay a dividend. The fee will be posted to your monthly account statement and transaction history pages as “ADR Custody Fee.”
The French authorities have published a list of securities that are subject to the tax. The list is comprised of companies headquartered in France and whose market capitalization exceeds EUR 1 billion as of January 1, 2012. E*TRADE is obligated to collect and remit the FTT to the French authorities. Please note companies are subject to change at anytime.
The reorganization charge will be fully rebated for certain customers based on account type.
A forced margin liquidation fee occurs when E*TRADE Securities LLC liquidates a position(s) on behalf of a customer in order to meet minimum margin account balance requirements.
Forced margin liquidations may be subject to additional fees, including a broker assisted trade fee and/or brokerage commission.
Paper Statement Fee
|Paper statement fee||You will be charged a $2.00 handling fee for each E*TRADE Securities paper statement mailed to your address of record, unless an exemption applies.|
|The $2.00 handling fee for paper account statements will be charged to your account the month following the month for which you were mailed a paper statement (the Trigger Month), unless any of the following apply by the last business day of the Trigger Month:|
|Customers currently enrolled with electronic statements|
|Pro Elite customers (To qualify for Pro Elite, you must execute at least 30 stock or options trades during a calendar quarter).
The E*TRADE Pro trading platform is available at no additional charge to Pro Elite active trader customers who execute at least 30 stock or options trades during a calendar quarter. To continue receiving access to the E*TRADE Pro platform, you must maintain a brokerage account balance of at least $250,000 or execute at least 30 stock or options trades by the end of the following calendar quarter.
|Retirement and custodial accounts|
|Global trading accounts|
|Other relationships with E*TRADE Financial|
|Stock plan accounts for current employees of current E*TRADE Financial Corporate Services clients|
|Customers with a combined value of $10,000 in cash and securities in linked E*TRADE Securities accounts|
|Customers with a combined balance of $20,000 or more in linked E*TRADE Securities and E*TRADE Bank accounts|
Special Request Fees
|Account transfers (outgoing)||$25* for partial transfers
$75 for full transfers
|Check copies||$15 per copy|
|Check requests||$10 per request|
|Checkbook reorders||$8.25 for 75 checks
(reorder fee waived for customers with $50,000 or more in combined E*TRADE Securities and E*TRADE Bank accounts or who make at least 30 stock or options trades per quarter.)
|Stop payment requests||$25|
|IRA premature distributions||$25|
|Stock certificate requests||$500 per certificate|
|Foreign stock certificate requests||$250 per certificate|
|Wire transfers||$0 incoming
|Foreign currency disbursement fee||Up to 300 basis point (3.00%). Please click here|
|Duplicate account statements or tax forms||$5 per statement or form (access these documents online) for free|
*Following a partial transfer, customers with a remaining account balance of greater than $5,000 will not be charged the partial transfer fee.
Customers will be charged an additional $25 for broker-assisted trades, (excluding Extended Hours overnight session trades placed via broker between 4 a.m. and 7 a.m. ET), plus applicable commission and fees. 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. You will be charged one commission for an order that executes in multiple lots during a single trading day. Orders that execute over more than one trading day, or orders that are changed, may be subject to an additional commission.
Standard commissions for stock and options trades are $6.95 (plus an additional $0.75 per options contract). For options orders, an options regulatory fee will apply (depending on what exchange the order executed on).
In addition to your regular commission, a separate transaction fee (equal to the principal amount x 0.00002310) will apply to the sale of all equities, options, and exchange-traded fund (ETF) securities. The fee, calculated as stated above, only applies to the sale of equities, options, and ETF securities and will be displayed on your trade confirmation. The transaction fee is a fee collected by the United States Securities and Exchange Commission to recover the costs to the Government for the supervision and regulation of the securities markets and securities professionals. All fees will be rounded to the next penny.
Frequently Asked Questions (FAQs)
How Do I Open An Account?
- Choose the type of account and complete their secure online account application
- For bank and brokerage accounts, you can either fund your account instantly online or mail in your direct deposit.
- By Phone
- Call 1-800-ETRADE-1 (1-800-387-2331).
- By Mail
- Download an application and then print it out.
- Complete and sign the application.
- Send the application with a check made payable to E*TRADE Securities or E*Trade Bank (depending on the type of account you’re opening) to the appropriate address.
How Do I Check On The Status Of An Application?
Simply call 1-800-387-2331.
When Can I Start Trading After I Open An Account?
You can start trading within your brokerage or IRA account after you have funded your account and those funds have cleared.
Can I Roll Over My 401(k) to E*Trade?
Yes, you can roll over your 401(k) or other employer-sponsored plan to an E*Trade IRA.
How Do I Fund An Account?
Choose the method that works best for you:
- Transfer money electronically: Use their Transfer Money service to transfer within 3 business days.
- By check: You can easily deposit many types of checks.
- By wire transfer: Wire transfers are fast and secure.
- Transfer an account: Move an account from another firm.
If you want to get ahead and prepare for a more secure future, definitely consider investing! E*TRADE offers a great platform for you to get started! On top of the benefits associated with using E*TRADE, there’s a pretty good bonus offer if you are able to meet the various bonus tiers. Use the available resources with E*Trade with all their tools, resources, and personalized support to help you turn your plans into action. Get started on your retirement plan today! Let us know about your thoughts and experience with this offer in the comment section below! Be sure to check back on BankDealGuy for more brokerage promotions! In addition, we have a section on the latest bank promotions, best interest rates, and credit card deals!