How much does Etrade cost?
E*TRADE is probably one of the leading online brokerage firms in the country these days. Through the years, it has continually innovated itself and change the old ways of doing business in the financial market. With over 20 years experience in the business, E*TRADE is popular for its comprehensive online tools, resources and customer support which caters to the needs of active traders and long term investors alike. E*TRADE
Financial Corporation is based in New York City and boasts over 4,000 employees and a total of $600 million net income in a year. How much does Etrade charge per trade? And will it be a good avenue for investments?
E*TRADE has developed a tiered pricing schedule that works preferably if you have a $50,000 investment assets or if you can make a total of 1,500 trades in a quarter. They only charge a $40 quarterly maintenance fee if you have assets amounting to less than $10,000. The best deals are up for grabs if you have a huge investment.
Standout Features
Some of E*TRADE’s standout features include a free third party market information resource, 24/7 telephone support, a Blackberry mobile application for you to trade anywhere and at anytime and global trading in over six markets worldwide (Hong Kong, Canada, Germany, France, Japan & United Kingdom). You also get to enjoy easy fund transfers and ATM access. There are also a lot of available educational materials & resources, tutorials, seminars and webcasts for stockholders. The site also features investing tools to help customers with ETF management and allocation of assets.
Types of Investments Offered
E*TRADE has a lot of available investment options for you to diversify your portfolio. They have available stocks, mutual funds, bonds and exchange-traded funds to choose from via electronic trading and mobile platforms. E*TRADE Financial also offers other banking services such as money market accounts, checking & savings accounts, credit cards and certificates of deposits.
How much does Etrade charge per trade?
Upon setting up a brokerage account, you get to pay at $12.99 at the most for each stock or option trade. This serves as a standard commission for broker assisted trades. For electronically placed trades, you get a $2.99/ contract plus other fees. There are no fees for mutual funds or bond trades.
If you want to get better rates, you can fund your E*TRADE account with at least fifty thousand dollars or make a lot of stock trades (about 30 to 149 trades quarterly). By doing either of these ways, you can lower your cost to only $9.99 for every trade. If you make numerous trades in a certain quarter regardless of the money you have in your account, you can still lower your trade cost to only $7.99/trade. They also feature a signing up bonus for new accounts. You get to qualify for up to 100 free trades credited to your account in a matter of 8 weeks.
Overall, E*TRADE is a wonderful online discount brokerage that leads the industry in terms of their superior investment tools, customer support and easy to use site features.
Filed Under Costs, Financial | Leave a Comment
Tagged With Cost of Etrade Pro, how much does etrade charge per trade, How much does Etrade cost, how much does etrade cost per trade
Comments
Leave a Reply