The most important about their trading fees is that:
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Originally Posted by your review
Trade Commissions - When you open a standard account the fee per trade is $19.99. If you make 30 trades or more in a quarter then you are automatically enrolled into Power E*Trade and cost per trade is just $9.99.
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Also please add that you are also enrolled into the low fee plan as soon as your portfolio is above $50,000 for more than three months.
They have also something called power e-trade with low fee and real-time quotes + some cool applications to use. But you realy have to trade very often or pay a premium.
Nice. But if, like me, you don't trade 30x per quarter or stay below $50K, you will always pay $20 per transaction. Which is a lot.
Despite this IMO unfair pricing policy, I stayed at e-trade thanks to their good consumer service. I never had any problem reaching them by telephone or had an e-mail unanswered.
They aslo seamlessly assume all transfer of dividends, distribution, voting form, company mails etc.
It's not a online trader I'd recommand for beginners or
students. It's rather for large account holders or active traders who want safety and a reliable service.
I work with them for 11 years now. When I started they were one of the few options online. That's why.
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