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 explained
We compare E*TRADE fees with its closest competitors, Charles Schwab and Fidelity.
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.
E*TRADE's trading fees are low.
Stock fees and ETF fees
E*TRADE has low stock trading fees.
E*TRADE fund fees are high.
|EU mutual fund||-||-||-|
E*TRADE has low bond fees.
|US Treasury bond||$0.0||$0.0||$0.0|
|EU government bond||-||-||-|
E*TRADE's options fees are low.
|US stock index options||$6.5||$6.5||$6.5|
|UK stock index options||-||-||-|
|German stock index options||-||-||-|
E*TRADE's futures fees are average.
|US micro e-mini stock index futures||$15.0||$22.5||-|
|UK stock index futures||-||-||-|
|German e-mini stock index futures||-||-||-|
E*TRADE financing rates are .
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
|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 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 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 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.
|Withdrawal fee with bank transfer||$0||$0||$0|
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).