Current Promotions

$2,500 in cash with the deposit of $1,000,000 in new assets.   $3,500 in cash with the deposit of $2,000,000 in new assets.   Active traders with over $1,000,000 or $2,000,000 in assets should regularly ask for annual bonuses. 

Equity Commission Rate

$0 online or interactive voice response (plus $25 if broker assisted). Over-the-counter equity trades involve an additional $6.95 fee.  Significant additional extended hours charges apply. ETrade also charges its own ADR fees (above any fees charged by the ADR custodian) and charges a $38 reorganization fee.  Learn more about ETrade's fees here.  

Option Rate

Standard trade commission rate + $.65/contract ($19.99 for exercise or assignment)

Margin Interest Rate

8.95% on all balances under $10,000.   Larger balances have a slightly slower rate.   5.45% on balances of $1 million or more.

Interest on Uninvested Cash

4.25% APY if you open an Premium Savings account with Morgan Stanley that can now be attached to your ETrade account.

Customer Reviews for ETRADE

Rated 1.54 stars out of 5 - based on 13 reviews with ratings

Please share your experience below.

  • January 10, 2024 |

    This is a brokerage firm nightmare every Morgan Stanley took them over.AVOID AT ALL COSTS. You tell rep on the phone A, B, C and they write down X, Y, Z. Have become very sneaky and controlling. They want large accounts to manage and they are nightmare to work with. AVOID AT ALL COSTS.

  • February 5, 2022 |

    I was just reviewing my transactions data from 2021 as I prepare my taxes. The fees are enormous. They are out of this world. I guess this is how they make their money now that they aren't getting anything from trading and are owned by Morgan Stanley. I've been a customer for many years and will be switching now.

  • December 4, 2021 |

    I've been a customer for 30 years. Morgan Stanley's has been a disaster. The fees are now absolutely absurd, and most of them are actually fake. I suspect that at some point state and local regulators will get involved, but in the meantime need to watch the account carefully and ask for money back. Customer service is still light years ahead of TD Ameritrade and Fidelity and Schwab is really for amateurs.

  • August 7, 2018 |

    Beware. What they claim to save you, they get you back in fees up the Wazoo - ADR fees, reorganization fees, phone assistance fees. You'll be upside down where you would have been with a real broker pretty quickly.

  • August 23, 2017 |

    I closed my account. The ads are geared to boys in their teens and I am a woman in my 30s. Very poor marketing decisions here.

  • July 29, 2017 |

    I have online brokerage accounts with ETrade and Ameritrade, and I am terribly disappointed with both. Ameritrade seems to employ a bunch of children and even the simplest questions are exhausting; I often feel that they should be paying me to train their staff. ETrade has dreadful customer service too, but has good trading tools. I have been waking early in the morning and I am now noticing that many of the best trading opportunities occur around 6AM EST on some of the highly liquid index funds (such as QQQ and SPY). Neither ETrade nor Ameritrade will let me trade before 8 AM. Does anyone know which online brokerages enable early-morning or 24-hour trading?

  • June 29, 2017 |

    I have an account with Etrade. I also have accounts at several other brokers and online brokers with many of the same stocks. I have noticed that whenever a company pays a dividend, ETrade always credits it one day late. That's called cheating customers at the margin.

  • June 15, 2017 |

    Fees, fees and more fees. They destroy you with the fees.

  • April 14, 2017 |

    this is the worst., i have an account there and i have accounts at other brokers. dividends always come two days late. total bs.

  • February 4, 2017 |

    When are the 1099's coming already?

  • January 13, 2017 |

    Service is fine, but their site is always going down or operating much too slowly. Ameritrade is better, but they all have their faults.

  • November 28, 2016 |

    Nice people. Helpful service. I find it the best of these things.

  • August 6, 2016 |

    Got nickeled and dimed here too much and too long so I left.

  • July 12, 2016

    How do you get the $5 rate?

Add Your Review

or use your BestCashCow account