Index Option Fee (IOF)
|Underlying Symbol||Description||Fee Per Contract|
|SPX||S&P 500 Index||$0.51|
|RUT||Russell 2000 Index||$0.18|
|VIX||CBOE Market Volatility Index||$0.32|
|OEX||S&P 100 Index (American-style exercise)||$0.40|
|XEO||S&P 100 Index (European-style exercise)||$0.40|
|DJX||Dow Jones Industrial Average Index 1/100||$0.18|
Please note IOF fees are subject to change.
The fees charged by E*TRADE related to a transaction for the account of Customer are designed to offset third-party fees generally charged to E*TRADE in respect of such transactions, including without limitation any regulatory or transaction fee or tax, market center fee, clearing house fee or depository fee, assessed by any regulatory authority, self-regulatory organization, market center, clearing house, clearing agency or depository, including without limitation the SEC, FINRA, any national securities exchange or other market center, DTC and NSCC.
E*TRADE shall have the right to determine such fees in its reasonable discretion, and such fees may differ from or exceed the actual third-party fees properly paid by E*TRADE in connection with any transaction.
These differences may be caused by various factors, including, among other things, the rounding methodology used by E*TRADE, the use of allocation accounts and transactions or settlement movements for which a fee may not be assessed, timing differences in changes, third-party rate caps and floors, calculation errors and various other anomalous reasons.
|FINRA trading activity fee (TAF)||$0.000119*|
|Section 31 fee||$0.00002070**|
* FINRA levies a Trading Activity Fee (TAF) for sales of covered securities that we pass through to you.
The FINRA TAF for sales of equity securities is currently $0.000119 per share with a per-transaction cap of $5.95.
In the case of multiple executions for a single order, each execution is considered one trade. For example, if you sell 1,000 equity securities the fee would be the number of shares 1,000 multiplied by $0.000119 which equals $0.119.
The FINRA TAF for option sales is currently $0.002 per contract. For example, if you sell 100 options contracts, the fee would be the number of contracts 100 multiplied by $0.002, which equals $0.20.
The FINRA TAF for a covered TRACE-eligible security (other than an asset-backed security) and/or municipal security is $0.00075 multiplied by the number of bonds, with a maximum charge of $0.75 per trade. For example, if you sell 100 bonds, then the fee would be $0.075. Please note FINRA TAF Fees are subject to change.
** In addition to your regular commission, a separate transaction fee (equal to the principal amount x 0.00002070) will apply to the sale of all equities, options, and exchange-traded fund (ETF) securities.
The fee, calculated as stated above, only applies to the sale of equities, options, and ETF securities and will be displayed on your trade confirmation. The transaction fee is a fee collected by the United States Securities and Exchange Commission to recover the costs to the Government for the supervision and regulation of the securities markets and securities professionals.
All fees will be rounded to the next penny.
Account activity fees
|Check returned for insufficient funds||$25|
|Electronic transfer returned for insufficient funds||$25|
|Fed call extensions||$25|
|Alternative investment fee||$250 for annual custody fee per position|
$75 for new purchases and/or re-registration for transfers
$50 capital call fee
$75 liquidation fee
|Reorganizations||$38 for mandatory actions (e.g., mergers, reverse stock splits)|
$38 for voluntary actions (e.g., tender offers)
$50 for actions reflected on physical certificates
|Restricted securities custody||$150|
|Worthless securities processing||$5|
|American Depositary Receipts (ADRs) custody fee||$.005—$.05 per share|
|Financial transaction tax (FTT) Ordinary and ADR||French companies|
Effective December 1, 2012 all opening transactions in designated French companies will be subject to the French FTT at a rate of 0.30% of the total transaction cost
Effective March 1, 2013 all opening transactions in designated Italian companies with a market capitalization greater than 500 million Euros will be subject to the Italian FTT at a rate of 0.12% of the total transaction cost.
|Forced margin liquidation||$25.00|
A one-time fee applied when the custodian of a limited partnership is changed from another brokerage firm to E*TRADE Securities.
Transfer agents and banks that sponsor ADRs are permitted to charge ADR holders an annual custody fee.
The fee is administered through the Depository Trust Company (DTC) which typically will be subtracted from the gross dividend amount payable and / or collected from E*TRADE Securities by the DTC and deducted from your account if the ADR does not pay a dividend.
The fee will be posted to your monthly account statement and transaction history pages as "ADR Custody Fee."
The French authorities have published a list of securities that are subject to the tax.
The list is comprised of companies headquartered in France and whose market capitalization exceeds EUR 1 billion as of January 1, 2012. E*TRADE is obligated to collect and remit the FTT to the French authorities. Please note companies are subject to change at anytime.
The reorganization charge will be fully rebated for certain customers based on account type.
A forced margin liquidation fee occurs when E*TRADE Securities LLC liquidates a position(s) on behalf of a customer in order to meet minimum margin account balance requirements.
Forced margin liquidations may be subject to additional fees, including a broker assisted trade fee and/or brokerage commission.
Paper statement fee
|Paper statement fee||You will be charged a $2.00 handling fee for each E*TRADE Securities paper statement mailed to your address of record, unless an exemption applies.|
|The $2.00 handling fee for paper account statements will be charged to your account the month following the month for which you were mailed a paper statement (the Trigger Month), unless any of the following apply by the last business day of the Trigger Month:|
|Customers currently enrolled with electronic statements|
|Retirement and custodial accounts|
|Global trading accounts|
|Other relationships with E*TRADE Financial|
|Stock plan accounts for current employees of current E*TRADE Financial Corporate Services clients|
|Customers with a combined value of $10,000 in cash and securities in linked E*TRADE Securities accounts|
|Customers with a combined balance of $20,000 or more in linked E*TRADE Securities and E*TRADE Bank accounts|