Overview of E*TRADE fees and charges
It's safe to say that E*TRADE's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use E*TRADE even in case you trade frequently like multiple times a week or daily.
Here's a high level overview of E*TRADE's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | Free stock and ETF trading |
| EURUSD fee | - | Not available |
| US tech fund fee | High | $19.99 per trade; ca. 4,500 free mutual funds |
| Inactivity fee | Low | No inactivity fee |
E*TRADE fees
E*TRADE fees explained
We compare E*TRADE fees with its closest competitors, Charles Schwab and Fidelity.
E*TRADE fees
E*TRADE trading fees
E*TRADE's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).
Let's break down the trading fees into the different asset classes available at E*TRADE.
Trading fees
E*TRADE's trading fees are low.
Stock fees and ETF fees
E*TRADE has low stock trading fees.
| E*TRADE | Charles Schwab | Fidelity | |
|---|---|---|---|
| US stock | $0.0 | $0.0 | $0.0 |
| UK stock | - | - | $10.2 |
| German stock | - | - | $18.8 |
Fund fees
E*TRADE fund fees are high.
| E*TRADE | Charles Schwab | Fidelity | |
|---|---|---|---|
| Mutual fund | $20.0 | $25.0 | $37.5 |
| EU mutual fund | - | - | - |
Bond fees
E*TRADE has low bond fees.
| E*TRADE | Charles Schwab | Fidelity | |
|---|---|---|---|
| US Treasury bond | $0.0 | $0.0 | $0.0 |
| EU government bond | - | - | - |
Options fees
E*TRADE's options fees are low.
| E*TRADE | Charles Schwab | Fidelity | |
|---|---|---|---|
| US stock index options | $6.5 | $6.5 | $6.5 |
| UK stock index options | - | - | - |
| German stock index options | - | - | - |
Futures fees
E*TRADE's futures fees are average.
| E*TRADE | Charles Schwab | Fidelity | |
|---|---|---|---|
| US micro e-mini stock index futures | $15.0 | $22.5 | - |
| UK stock index futures | - | - | - |
| German e-mini stock index futures | - | - | - |
Financing rates
E*TRADE financing rates are .
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| E*TRADE | Charles Schwab | Fidelity | |
|---|---|---|---|
| Apple CFD financing rate | - | - | - |
| Vodafone CFD financing rate | - | - | - |
| EURUSD financing rate | - | - | - |
| EURGBP financing rate | - | - | - |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
E*TRADE fees
E*TRADE non-trading fees
When it comes to looking at all the non-trading fees E*TRADE is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.
Non-trading fees include various brokerage fees and charges at E*TRADE that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.
| E*TRADE | Charles Schwab | Fidelity | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | No | No |
| Account fee | No | No | No |
E*TRADE fees
E*TRADE deposit fee
Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and E*TRADE is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods E*TRADE offers.
| E*TRADE | Charles Schwab | Fidelity | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | Yes |
| Deposit fee | $0 | $0 | $0 |
E*TRADE fees
E*TRADE withdrawal fee
Unlike some online brokers we have reviewed E*TRADE does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.
| E*TRADE | Charles Schwab | Fidelity | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | Yes |
| Withdrawal fee with bank transfer | $0 | $0 | $0 |
E*TRADE fees
E*TRADE inactivity fee
E*TRADE does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).
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