30+ Trades / QTR
|Stocks, Options, and ETFs
|Bonds (online secondary trades)
|Margin rate ($50k+ debit balance)
9,000+ available - 4,400+ no load, no-transaction fee
|Add $25||Add $25 (+$10 per futures contract)|
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
|$4.95 plus $4.95
Exercise / Assignments
For options orders, an options regulatory fee will apply (depending on what exchange the order executed on).
0–29 Trades / QTR
30+ Trades / QTR
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|
|Broker-Assisted trades||$10 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 Securities and will vary by exchange.
Futures accounts are carried by E*TRADE Securities LLC.
Stocks, Options, and ETFs
|$1,000,000 or more||6.25% (1% below base rate)|
|$500,000 to $999,999.99||7.25% (Equal to base rate)|
|$250,000 to $499,999.99||7.75% (.50% above base rate)|
|$100,000 to $249,999.99||8.25% (1.00% above base rate)|
|$50,000 to $99,999.99||8.75% (1.50% above base rate)|
|$25,000 to $49,999.99||9.25% (2.00% above base rate)|
|$10,000 to $24,999.99||9.50% (2.25% above base rate)|
|Less than $10,000||9.75% (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.
|No load, no-transaction fee funds||$0|
|Transaction fee funds||$19.99|
|Load funds||See prospectus for amount of load|
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.
|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 Corp. 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|
|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
|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 cost
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."
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 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). For information about E*TRADE Pro, visit www.etrade.com/pro.
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 225 basis point (2.25%). 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, plus applicable commission. 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 $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.