Get zero commission on stock and ETF trades. All rights are reserved. There is an Options Regulatory Fee (from $0.03 to $0.05 per contract,) which applies to both option buy and … Penny stock trades incur a per-trade commission; most other brokers have … Though i was safe buying stocks just to speculate, in a year I had over $300 in fees, after paying commissions. Exclusions may apply and E*TRADE reserves the right to charge variable commission rates. Because money, presumably. Our records indicate that a Mandatory Reorganization fee was assessed on your account in the amount of $20.00 on 10/13/06 as a result of a 1:350 reverse split that was effected on your restricted shares of Juina Mining Corp. It has a tiered commission structure emphasizing stock … We like their expansive set … It appeared to be for the … Does anyone know if this applies to options as well? Open an IRA, Mutual Fund— Make sure to read the fine print and fees pages. But can it be added against the cost basis? $1 per bond (minimum $10, maximum $250) for online secondary market trades. Copyright 2009-2020 ACM MEDIA LLC. Scottrade and other brokerages charges this same exact $20 fee as well, some charge … Arcis Resources Corporation ARCS Stock Message Board: i saw a $20 reorganization fee on etrade.. eTrade’s customer service may usually be good, but I have been given the run-around on reimbursement of reorganization fees for lopsided stocks. We may be compensated by the businesses we review. It isn't even easy finding a straight answer on the Fee. Back in November I logged into my Etrade brokerage account and was just reviewing my account activity and was surprised to see a line item for "Mandatory Reorg fee" for $20. E*Trade charges per trade are based on the selling of investment products. $0 commissions + transfer fee reimbursement. The E*Trade fees are explained below: Essential fees you should be aware of are; inactivity fees, custodial fees, statement fees, mutual fund/ETF commissions and the account transfer fees. Other brokers like Etrade have the same fee, while others like Sogotrade may have a $50 fee. Per our commission and fee schedule, your account was charged a $20 mandatory reorganization fee. Most were at Ameritrade. by jon, 8/10/2020 . I understand that if I hold stocks during a reverse split in an etrade brokerage, I will he charged a reorganization fee. wait.. what? None has the absolute lowest commissions on every type of trade. Get 4 FREE stocks valued up to $1,600 + $100 in ACAT reimbursement. Etrade is perfectly happy charging $38 reorganization fee, even if you have only $1 of that stock. Instead, you can add the amount of those fees to the purchase price of your stock. Does anyone know if this applies to options as well? $50 capital call fee $75 liquidation fee: Reorganizations: $38 for mandatory actions (e.g., mergers, ... You will be charged a $2.00 handling fee for each … E*TRADE Promotions Easy to use online discount stock broker for long-term investors. I don’t even hold $38 worth of stock in that company. sales expense) and added to the cost basis? why they charge a fee for that? - Your broker charges a mandatory reorganization fee when there is a reverse stock split or a mandatory cash merger. I am pretty confident that this fee would be … This is a flat service fee for the processing of the corporate action. it is not like we do that. Some charge higher fees for administrative services than Etrade. from IRS) that stock reorganization fees can be treated like a stock trading fee (i.e. $0.65 per contract ($0.50 if making 30+ trades per quarter), markup or markdown and any transaction fee will be included in the price quoted. Read our in-depth review of E*TRADE to see why E*TRADE scored 4.2 stars out of 5. Mandatory Reorganization fees are charged when there is a reverse stock … Ally Invest: $0 $9.95 $0 $0 Up to $3,500 cash bonus + $0 trades + transfer fee … Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). Transaction fee funds. Additionally, upon checking my transaction history I noticed that I got slapped with $20 reorganization fee from E*Trade. stocks, bonds, mutual funds, futures, fixed income, options, ETFs, $500 for a non-retirement account, $0 for a retirement account, $2,000 for a margin account, Minimum Investment to All charge less in commissions than full-service, brick-and-mortar brokerages. That’s a fee they can list that nobody shrugs at when they’re making a brokerage, because it’s not a super common event (particularly if you’re not investing in super cheap stocks). Press question mark to learn the rest of the keyboard shortcuts. At a time when several businesses are offering waivers and consolations to their new and loyal customers, eTrade has been assessing fees … I understand that if I hold stocks during a reverse split in an etrade brokerage, I will he charged a reorganization fee. for a reverse split I hold a very small position of NGE, a fund that has been steadily declining in value. When trading during pre and post market hours, an ECN fee … Financial Industry Regulatory Authority (FINRA) transaction fee (TAF) This fee is charged on all stock and ETF sales at a rate of $.000119 per share with a minimum charge of $0.01 and a maximum charge of $5.95. Etrade Mutual Fund Commissions Mutual funds that carry a transaction fee cost $19.99. Fees vary from firm to firm—some fees are very steep, while others are fairly cheap. Etrade ACAT fee is $75 for a full account transfer and $25 for a partial account transfer (stock positions, mutual funds, ETF's). E-Trade just charged me a mandatory transaction fee of $38 (!!) Seems like some were charged, some weren't, regular and ira accounts. Press J to jump to the feed. Finally, as we must facilitate the exchange of shares in your account, a $38.00 reorganization fee was charged to cover the processing costs. I have no problem with that as I'm in … Stock Trades - All trades are a flat-rate $0.For broker-assisted trades, add $25 to the total order. The purchase price plus the cost to acquire your stock equals your cost basis. Dividend yield 1 is the annual return an investor receives in the form of dividend payments, expressed as a percentage of the stock's share price. If I hold options but no stocks, will I be charged a reorganization fee … No load funds, Mutual Fund— The standard options contract fee is $0.65 per contract (or $0.50 per contract for customers who execute at least 30 stock… Disclaimer Etrade hidden fees … MANDATORY REORGANIZATION FEE Some of us over on the Disney board were charged the above fee. Is there any reputable guidance (e.g. A mandatory reorganization … E*TRADE charges $0 commission for online US-listed stock, ETF, and options trades. E*TRADE has a fairly straight forward commissions structure. Disclaimer: ACM MEDIA LLC provides reviews of services based on our personal opinions. Note that the purchase date for this is Jan 1, 2010 when you bought Company A stock prior to the merger giving you Company B stock… I got slapped by ETRADE with a $38 reorganization fee for ACB’s reverse split stock. Etrade Stock Trading Fees Comparison. Includes Agency bonds, Corporate bonds, Municipal bonds, Brokered CDs, Pass-thrus, CMOs, Asset Backed Securities. Broker Review Stock/ETF Commission Mutual Fund Commission Maintenance Fee Annual IRA Fee Promotion Offer; WeBull: $0 na $0 $0 Grab your last chance to get 4 free stocks up to $1,600 + acat refund. This fee … If I hold options but no stocks, will I be charged a reorganization fee when a reverse split happens? Ive tried contacting TD Ameritrade directly about a $38 “mandatory reorganization fee” assessed to my account for a 12 for 1 reverse split on a stock I own. Pros: If greed was a company, they would be great Cons: FEES, FEES, awful customer service, and FEES Everyone better hope they don't have a stock do any kind of split. So how much you pay actually has more to do with the amount of money you invest in each trade rather … The "best answer" in … Up to $3,500 cash bonus + $0 commission trades. For our example, the cost basis for the 98 shares of Company B is $2386, or $24.35 per share of Company B. ACB - Its a real crap stock at this point and my … Mandatory reorganizations, including stock splits, cost $38, a somewhat nauseating charge given that you have no control over the event. E*TRADE's fees are now competitive since it joined the race to zero fees by major online brokers in Oct. 2019. This charge is assessed on each purchase, sale, and exchange. There doesn't seem to be anyway to get out of the fee. It's an easy way to compare the dividend amounts paid by different stocks… That's because TD Ameritrade has a $38 reorganization fee. $ 25 to the total order the rest of the keyboard shortcuts broker for long-term investors E TRADE. * TRADE Promotions easy to use online discount stock broker for long-term investors am confident! Anyone know if this applies to options as well 10, maximum $ 250 ) for secondary... 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