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Pricing & Rates for Investing & Trading

Clear, competitive, and fair pricing for investing and trading accounts.

FLAT RATES No per share fees. Best Execution of customer orders

See Execution Quality Scorecard

Standard

150-1499 Trades/QTR

1500+ Trades/QTR

Stocks, Options, & ETFs

Details

$9.99

$7.99

$6.99

Options Contracts

Details

$0.75

$0.75

$0.75

Futures Contracts

Details

$2.99

$2.99

$2.99

Forex Trades

Details

E*TRADE is compensated through a bid-ask spread6

$0.006

$0.006

$0.006

Margin Rate ($50k + debit balance)

New margin rate effective 12/26/2011 Learn More

Details

7.44%

7.44%

7.44%

Bonds (online secondary trades)

Details

$1.003

$1.003

$1.003

Broker-Assisted Trades

Details

Add $25

Add $25

Add $25

 

Mutual Funds8,000+ available – 1,300+ no-load, no-transaction-fee5

Details

IRAs

Bank Accounts

No annual IRA fees and no account minimum

No ATM fees at any machine, any bank. Anywhere nationwide.4

See All Retirement Account Fees

See All Bank Service Fees

Transaction Pricing

Qualifications

150+ Trades/QTR

0-149 Trades/QTR

Stock & Options Trades*

Stock & Options Trades

$7.99

$9.99

Simple Options (options contract fee per contract)

$7.99 plus $0.751

$9.99 plus $0.751

Options Contract Free

$0.751

$0.751

Complex Options

Options/Options
(options contract fee per contract in all legs)

$7.99 plus $0.752

$9.99 plus $0.752

Stock/Options
(options contract/contract)

$7.99 plus $7.99
plus $0.752

$9.99 plus $9.99
plus $0.752

Options
Exercise/Assignments

$19.99

1For options orders, an options regulatory fee will apply (depending on what exchange the order executed on).

Exchange Traded Funds (ETFs)*

ETFs

$7.99

$9.99

Commission-Free ETFs

$0

$0

*Click here to see footnote details and additional important information.

*Trade more than 1,500 times per quarter? Call 1-800 ETRADE-1 for Special Pricing.

Global Trading: Global Trading Commissions*

Market

Canada (CAD)

FRANCE (EUR)

GERMANY (EUR)

Hong Kong (HKO)

Japan (JPY)

UK (GBP)

Online Stock Trades

19.99

19.99

19.99

299.99

3399.99

9.99

Broker-Assisted Stock Trades (added to applicable online commission)

55.00

55.00

55.00

350.00

5500.00

25.00

*Global Trading commissions are charged to your Global Trading account in local currency, based on the market in which the trade was placed. Additional fees will apply to trades placed in the Hong Kong and UK markets, as shown in the table above.

Additional Global Trading Fees*

Market

Hong Kong

United Kingdom

Stamp Duty

Principal x 0.1%, rounded to the next-highest HKD

Principal x 0.5% (buys only)

Other Fees

Trading Fee - Principal x 0.005%

Transaction Levy - Principal x 0.004%

CCASS Settlement Fee - Principal x 0.002% (minimum HKD 2.00; maximum HKD 100.00)

PTM Levy - GBP 1.00 per order (only if executed principal amount

*Fees shown will be added to the applicable Global Trading commissions and charged to your Global Trading account in local currency, based on the market in which the trade was placed.

Mutual Funds

No-load, no-transaction-fee funds5

$0

Transaction-fee funds

$19.99

Load funds

See prospectus for amount of load

Broker-assisted trades

$25 plus the applicable commission

Retirement

FEES

DESCRIPTION

AMOUNT

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

Bonds

US Treasury Auction

$0

US Treasury Secondary Trades Online

$0

Online Secondary Trades*

$1 per bond (minimum $10, maximum $250)

Rep Assisted Trades

Online secondary pricing plus $20 commission

Through Investment Product Specialists

Net yield basis†

New Issues (except Treasury Auction)

Offering price includes a selling concession

*Includes Agency bonds, Corporate bonds, Municipal bonds, Brokered CDs, Pass-thrus, CMOs, Asset Backed Securities.

E*TRADE Securities may act as principal or agent on any fixed-income 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.

†Secondary market trades executed through an Investment Product 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

Futures Contract Commission

$2.99 per contract, per side + fees*

In addition to the $2.99 per contract per side commission, futures customers will be assessed certain fees including applicable futures exchange and NFA fees, as well as RJ O'Brien floor brokerage charges for execution of non-electronically traded futures and futures options contracts. These fees are not established by E*TRADE Securities and will vary by exchange.

Forex

Forex Trading Commissions

$0.00 per trade6

Forex Trading provided by E*TRADE Securities, LLC. E*TRADE Securities, LLC is an introducing broker and is compensated for services through the spread between bid/ask prices. A markup will be added to any purchase price, and a markdown will be subtracted from any sale price. This markup or markdown will be included in the prices quoted on the E*TRADE FX trading platform.

Margin Rates* Base Rate effective as 02/26/2010 – 4.14†

Stocks,Options, & ETFs

Debit Balance

Margin Rate

$1,000,000 or more

3.89% (0.25% below base rate)

$500,000 to $999,999

4.14% (Equal to base rate)

$250,000 to $499,999.99

5.14% (1.00% above base rate)

$100,000 to $249,999.99

6.14% (2.00% above base rate)

$50,000 to $99,999.99

7.44% (3.30% above base rate)

$25,000 to $49,999.99

7.94% (3.80% above base rate)

Less than $24,999.99

8.44% (4.30% 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.

Margin transactions involve additional risks, including the risk that you could lose more money than you deposit in your account. For complete information, read the FINRA Margin Disclosure Statement.

†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.

Other Fees

Account Activity Fees

Check Returned for Non-sufficient Funds

$25 for first occurrence
$30 for second occurrence
$40 for third occurrence

Electronic Transfer Returned for Non-sufficient 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

$20 for mandatory actions (e.g., mergers, reverse stock splits)
$30 for voluntary actions (e.g., tender offers)
$50 for actions reflected on physical certificates

Restricted Securities Custody

$150

Verification of Deposits (third parties)

$20

Worthless Securities Processing

$5

American Depositary Receipts (ADRs) Custody Fee

$.005 - $.05 per share

Short-Term Trading Fee for Commission-Free ETFs3

$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

Financial Transaction Tax (FTT) Ordinary & ADR

French
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 cost 4

Italian
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.

*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 American Depositary Receipts (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 Clearing 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."

3You can buy and sell the exchange-traded funds (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.

4The 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.

*View Master Disclaimer

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:

Exemptions:

Account Types

 

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)

 

Retirement & 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

 

Minimum Balance

 

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

Overnight Mail

$20

Account Transfers (outgoing)

$25 for partial transfers
$60 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

$75 per certificate

Foreign Stock Certificate Requests

$250 per certificate

Wire Transfers

$0 incoming
$25 outgoing

Duplicate Account Statements or Tax Forms

$5 per statement or form (access these documents online) for free

Broker Assisted Trades

E*TRADE Pro Elite

Qualified E*TRADE Pro Elite customers will be charged the following commission rates and fees:

Stock and Options Trades during Quarter

Commission for Stock and Options Trades

Price of Options Contract

0-149

$9.99

75¢

150+

$7.99

75¢

All customers will be charged an additional $25 for broker-assisted trades. An ECN fee of $0.005 per share will be added to all trades executed during the Extended Hours trading sessions and on trades executed through E*TRADE Pro at an ECN during regular market and Extended Hours sessions. 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 $9.99 (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 0.0000174) 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.

OPTIONS

Options involve risk and are not suitable for all investors. For more information, please read the Characteristics and Risks of Standardized Options.

FIXED INCOME

E*TRADE Securities may act as principal or agent on any fixed-income 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.

Flat Rates

Execution Quality Scorecard

At E*TRADE, we know that execution quality is of utmost importance. That's why we do everything possible to seek best execution each and every time you trade.

2-Second Execution Guaranteeon S&P 500 stocks and every ETF

The E*TRADE Best Execution Advantage

We partner with multiple market centers for end-to-end control over orders in an effort to provide the highest speed and quality of execution.

No specific statistic defines a quality execution. Therefore, E*TRADE dedicates a team to regular, rigorous reviews to find the right blend of execution price, speed, and price improvement.

100% of customer options orders are processed using smart order-routing technology to seek the best execution available in the market.

Execution Quality Indicator E*TRADE Performance
February 2014¹
Execution Price
% of market order trades executed at or inside the National Best Bid or Offer (NBBO)
95.4%
Price Improvement
% of trades executed at a price better than the prevailing NBBO
91.3%
Execution Speed
Average elapsed time between market order receipt and execution
0.17 seconds
Effective Spread
Share-weighted average between the execution price and midpoint of NBBO (lower is better)
2.8 ¢ per share
Effective/Quoted
The ratio of the effective spread to the quoted spread at the time of order receipt (lower is better)
73.6%
SOURCE: STATISTICS PROVIDED BY S3 MATCHING TECHNOLOGIES

S3 is an independent company and not affiliated with E*TRADE FINANCIAL Corp. Statistics displayed represent market orders with share sizes between 100 to 2000 shares, excluding pre-opening orders, orders received during locked, crossed, or fast markets, and destination outages. Individual destination results deemed to be unusual by S3 may be excluded from Industry Averages. Further details provided upon request.

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Get up to $600 cash credit for deposits or transfers made within 45 days of account open.
Deposit or Transfer
Receive
$25K - $99,999
$200
$100K - $249,999
$300
$250K and above
$600*
And open an account with $10,000 or more and receive free stock & options trades for 60 days once funds become available.
*Call us to see how you can qualify for more at 1-800-ETRADE-1