How Much Does E*Trade Cost?

Written By Jeff Hindenach
Last updated December 1, 2020

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September 15, 2016

Simple. Thrifty. Living.

Reader Question: I wanted to sign up for E*trade. How much does it cost to just sign up?

Answer: E*Trade is one of the cheaper options when it comes to online investing, although it really depends on what you are investing in. E*Trade costs $9.99 per ETF, stock or option transaction. However, E*Trade charges more per mutual fund transaction ($19.95 versus $14.95 through OptionsXpress). E*Trade doesn’t charge an inactivity fee, although they do charge a maintenance fee, surcharges on penny stocks and IRA setup and annual IRA fees.

For experienced traders, E*Trade is an excellent choice. The company offers access to a vast range of mutual funds and foreign markets through a relatively simple platform, leading reviewers such as Barron’s and Smart Money to bestow multiple awards on the company over the years. With more than 2.3 million people using E*Trade, customers can be confident they have chosen a leader in the industry. Throughout its decades in the business, the company has learned a great deal about operating an online brokerage. The brokerage offers banking services, including high interest savings accounts, mortgage accounts and checking accounts. The E*Trade platform lends itself to customization for an individual investor’s unique needs. For those who make more than 150 trades per quarter and who prefer a wide variety of investment products, E*Trade is an excellent choice.

About the Author

Jeff Hindenach

Jeff Hindenach is the co-founder of Simple. Thrifty. Living. He graduated from Bowling Green State University with a Bachelor's Degree in Journalism. He has a long history of financial journalism, with a background writing for newspapers such as the San Jose Mercury News and San Francisco Examiner, as well as writing on personal finance for The Huffington Post, New York Times, Business Insider, CNBC, Newsday and The Street. He believes in giving readers the tools they need to get out of debt.

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