Refresh April 07, 2025 7:10 AM ET
Refresh April 07, 2025 7:10 AM ET
View Commissions & Fees
Transaction Pricing | Margin Rates | Account Activity Fees | Special Request Fees
An E*TRADE Securities brokerage account offers outstanding value. You get valuable free features like unbiased research, real-time quotes, personal service seven days a week, and more.
As a former Brown Co customer, you qualify for special stock, options, mutual fund commissions and margin rate plans.
1 $12.00 Broker Assist Fee
2 For options orders, an options regulatory fee will apply.
3 For online trades of over-the-counter (OTC) stocks not listed on a US exchange, the commission is $5.00 for market orders and $6.95 for limit orders.
1 $12.00 Broker-Assist Fee
2 For options orders, an options regulatory fee will apply.
3 For online trades of over-the-counter (OTC) stocks not listed on a US exchange, the commission is $5.00 for market orders and $6.95 for limit orders.
* Click here to see footnote details and additional important information.
1 You can invest in the mutual funds available through E*TRADE Securities' no-load, no-transaction fee program without paying loads, transaction fees, or commissions. 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 for less than 90 days. Direxion funds (other than the Indexed Commodity Strategy Fund DXCTX), ProFunds, Rydex mutual funds, and all money market funds are not 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
*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 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.
1 Commissions for bitcoin futures products are $2.50 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.
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.
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.
2In addition to your regular commission, a separate transaction fee (equal to the principal amount x 0.00002070) 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.
*For balance tiers $500K and above, please call 800-998-8079 to learn about our latest rate offers.
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.
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.
1 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.
2 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, including without limitation on an intraday basis
1 Margin accounts are required to maintain at least $2,000 ($25,000 in the case of pattern day traders) in equity.
2 A one-time fee applied when the custodian of a limited partnership is changed from another brokerage firm to E*TRADE Securities.
3 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 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."
4 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.
An E*TRADE Securities brokerage account offers outstanding value. You get valuable free features like unbiased research, real-time quotes, personal service seven days a week, and more.
Transaction Pricing
Brown Co Special Pricing
As a former Brown Co customer, you qualify for special stock, options, mutual fund commissions and margin rate plans.
| Stock and Options Trades (US exchange-listed)1,3 | Market Order: $0 Limit Order: $0 |
| Simple Options1 (options contract fee per contract) |
Market Order: $0 + $0.65 per contract2 Limit Order: $0 + $0.65 per contract2 |
| Options Contract Fee (options contract fee per contract) |
$0.652 |
2 For options orders, an options regulatory fee will apply.
3 For online trades of over-the-counter (OTC) stocks not listed on a US exchange, the commission is $5.00 for market orders and $6.95 for limit orders.
Complex Options
| Options/Options1 (options contract fee, per contract in all legs) |
Market Order: $0.652 Limit Order: $0.652 |
| Stock/Options1,3 (options contract/contract) |
Market Order: $0 commission(equity & options) + $0.652 per contract Limit Order: $0 commission(equity & options) + $0.652 per contract |
| Options1 Exercise /Assignment |
$0 |
2 For options orders, an options regulatory fee will apply.
3 For online trades of over-the-counter (OTC) stocks not listed on a US exchange, the commission is $5.00 for market orders and $6.95 for limit orders.
Exchange-Traded Funds (ETFs)*
| ETFs | Market Order: $0 Limit Order: $0 |
Mutual Funds
| No-load, no-transaction-fee funds1 | $0 |
| Transaction-fee funds | $5.00 per buy, sell, or exchange |
| Load funds | See prospectus for amount of load |
| Broker-assisted trades | $12 plus the applicable commission |
| Early redemption fee for no-load, no transaction fee for Mutual Funds | $49.99 |
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
Bonds
| US Treasury Auction | $0 |
| US 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 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 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
| Futures contracts | $1.501 |
1 Commissions for bitcoin futures products are $2.50 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) | See footnote below1 | |||||||||||||||||||||
| Section 31 fee | See footnote below2 | |||||||||||||||||||||
| Index Option Fee (IOF) | Price Varies
Please note IOF fees are subject to change. |
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.
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.
2In addition to your regular commission, a separate transaction fee (equal to the principal amount x 0.00002070) 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.
| Transaction Pricing | Margin Rates | Account Activity Fees | Special Request Fees | Back to top |
| Margin Rates1 | Base Rate effective as of 12/23/2024 = 8.59%2 |
Stocks, Options, & ETFs
| Debit Balance | Margin Rate |
| Less than $25,000 | 12.09% (3.50% above base rate) |
| $25,000 to $49,999.99 | 11.59% (3.00% above base rate) |
| $50,000 to $99,999.99 | 11.09% (2.50% above base rate) |
| $100,000 to $249,999.99 | 10.09% (1.50% above base rate) |
| $250,000 to $499,999.99* | 9.09% (0.50% above base rate) |
*For balance tiers $500K and above, please call 800-998-8079 to learn about our latest rate offers.
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.
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.
1 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.
2 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, including without limitation on an intraday basis
| Transaction Pricing | Margin Rates | Account Activity Fees | Special Request Fees | Back to top |
Account Activity Fees
| No minimum account Balance | There are no minimum balances to maintain after your account has been opened. Of course, you must have sufficient cash or equity in your account on trade date whenever you make a trade.1 |
| No Minimum Transaction Requirement | There are no minimum transaction requirements; you can trade as often or as infrequently as you like. |
| No Inactivity Fees | E*TRADE Securities will not charge fees when your account is inactive for a period of time. |
| Check Returned for Non-sufficient Funds | $25 |
| Reg T Call Extensions | $0 |
| 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 |
| Verification of Deposits (third parties) | $20 |
| Worthless Securities Processing | $5 |
| American Depositary Receipts (ADRs) Custody Fee | $.005-$.05 per share3 |
| Financial Transaction Tax (FTT) Ordinary & 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 0.30% of the total transaction cost 4 Italian companies Effective January 1, 2014 all opening transactions in designated Italian companies with a market capitalization greater than 500 million Euros will be subject to the Italian FTT at a rate of 0.20% of the total transaction cost. Spanish companies Effective January 14, 2021 all Buy side trades in designated Spanish companies with a market capitalization greater than 1 Billion Euros will be subject to the Spanish FTT at a rate of 0.20% of the total Buy side cost. |
| Forced Margin Liquidation | $25.00 |
2 A one-time fee applied when the custodian of a limited partnership is changed from another brokerage firm to E*TRADE Securities.
3 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 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."
4 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.
| Transaction Pricing | Margin Rates | Account Activity Fees | Special Request Fees | Back to top |
Special Request Fees
| Overnight Mail | $25 |
| Account Transfers (outgoing) | $75 for full transfers |
| Check Copies | $0 per copy |
| Check Requests | $10 per request |
| Checkbook Reorders | $0 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 | $0 |
| Establishing money purchase or profit sharing plan for employees | $0 |
| Excess contribution removal | $0 |
| Stock Certificate Requests (domestic) | $60 per certificate |
| Foreign Stock Certificate Requests | $250 per certificate |
| Wire Transfers | $0 incoming $25 outgoing |
| Duplicate Account Statements or Tax Forms | $0 per statement or form (access these documents online for free) |