E*TRADE's fees are now competitive since it joined the race to zero fees by major online brokers in Oct. 2019. That's because TD Ameritrade has a $38 reorganization fee. Because money, presumably. Is there any reputable guidance (e.g. E*TRADE charges $0 commission for online US-listed stock, ETF, and options trades. E*TRADE Promotions Easy to use online discount stock broker for long-term investors. Other brokers like Etrade have the same fee, while others like Sogotrade may have a $50 fee. Mandatory Reorganization fees are charged when there is a reverse stock … For our example, the cost basis for the 98 shares of Company B is $2386, or $24.35 per share of Company B. Instead, you can add the amount of those fees to the purchase price of your stock. eTrade’s customer service may usually be good, but I have been given the run-around on reimbursement of reorganization fees for lopsided stocks. Disclaimer: ACM MEDIA LLC provides reviews of services based on our personal opinions. Arcis Resources Corporation ARCS Stock Message Board: i saw a $20 reorganization fee on etrade.. So how much you pay actually has more to do with the amount of money you invest in each trade rather … At a time when several businesses are offering waivers and consolations to their new and loyal customers, eTrade has been assessing fees … E-Trade just charged me a mandatory transaction fee of $38 (!!) $1 per bond (minimum $10, maximum $250) for online secondary market trades. We like their expansive set … - Your broker charges a mandatory reorganization fee when there is a reverse stock split or a mandatory cash merger. why they charge a fee for that? Stock Trades - All trades are a flat-rate $0.For broker-assisted trades, add $25 to the total order. Disclaimer Etrade hidden fees … ACB - Its a real crap stock at this point and my … Get zero commission on stock and ETF trades. 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 Etrade ACAT fee is $75 for a full account transfer and $25 for a partial account transfer (stock positions, mutual funds, ETF's). There doesn't seem to be anyway to get out of the fee. 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. I understand that if I hold stocks during a reverse split in an etrade brokerage, I will he charged a reorganization fee. But can it be added against the cost basis? $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. Fees vary from firm to firm—some fees are very steep, while others are fairly cheap. Includes Agency bonds, Corporate bonds, Municipal bonds, Brokered CDs, Pass-thrus, CMOs, Asset Backed Securities. I have no problem with that as I'm in … 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. It's an easy way to compare the dividend amounts paid by different stocks… The standard options contract fee is $0.65 per contract (or $0.50 per contract for customers who execute at least 30 stock… 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 am pretty confident that this fee would be … This is a flat service fee for the processing of the corporate action. 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. I don’t even hold $38 worth of stock in that company. Some charge higher fees for administrative services than Etrade. Though i was safe buying stocks just to speculate, in a year I had over $300 in fees, after paying commissions. for a reverse split I hold a very small position of NGE, a fund that has been steadily declining in value. Copyright 2009-2020 ACM MEDIA LLC. Up to $3,500 cash bonus + $0 commission trades. If I hold options but no stocks, will I be charged a reorganization fee when a reverse split happens? It appeared to be for the … Ally Invest: $0 $9.95 $0 $0 Up to $3,500 cash bonus + $0 trades + transfer fee … Get 4 FREE stocks valued up to $1,600 + $100 in ACAT reimbursement. Seems like some were charged, some weren't, regular and ira accounts. All rights are reserved. Press question mark to learn the rest of the keyboard shortcuts. Does anyone know if this applies to options as well? Finally, as we must facilitate the exchange of shares in your account, a $38.00 reorganization fee was charged to cover the processing costs. Etrade is perfectly happy charging $38 reorganization fee, even if you have only $1 of that stock. This charge is assessed on each purchase, sale, and exchange. Open an IRA, Mutual Fund— Per our commission and fee schedule, your account was charged a $20 mandatory reorganization fee. 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. Read our in-depth review of E*TRADE to see why E*TRADE scored 4.2 stars out of 5. $0 commissions + transfer fee reimbursement. E*Trade charges per trade are based on the selling of investment products. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). 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. I understand that if I hold stocks during a reverse split in an etrade brokerage, I will he charged a reorganization fee. 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). It isn't even easy finding a straight answer on the Fee. It has a tiered commission structure emphasizing stock … E*TRADE has a fairly straight forward commissions structure. This fee … The "best answer" in … Etrade Stock Trading Fees Comparison. Exclusions may apply and E*TRADE reserves the right to charge variable commission rates. Penny stock trades incur a per-trade commission; most other brokers have … No load funds, Mutual Fund— 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. Press J to jump to the feed. Scottrade and other brokerages charges this same exact $20 fee as well, some charge … 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. by jon, 8/10/2020 . Does anyone know if this applies to options as well? None has the absolute lowest commissions on every type of trade. A mandatory reorganization … MANDATORY REORGANIZATION FEE Some of us over on the Disney board were charged the above fee. sales expense) and added to the cost basis? Transaction fee funds. Etrade Mutual Fund Commissions Mutual funds that carry a transaction fee cost $19.99. Mandatory reorganizations, including stock splits, cost $38, a somewhat nauseating charge given that you have no control over the event. from IRS) that stock reorganization fees can be treated like a stock trading fee (i.e. Additionally, upon checking my transaction history I noticed that I got slapped with $20 reorganization fee from E*Trade. All charge less in commissions than full-service, brick-and-mortar brokerages. 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. Most were at Ameritrade. $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 … wait.. what? There is an Options Regulatory Fee (from $0.03 to $0.05 per contract,) which applies to both option buy and … The purchase price plus the cost to acquire your stock equals your cost basis. We may be compensated by the businesses we review. I got slapped by ETRADE with a $38 reorganization fee for ACB’s reverse split stock. Make sure to read the fine print and fees pages. When trading during pre and post market hours, an ECN fee … it is not like we do that. If I hold options but no stocks, will I be charged a reorganization fee … Fee would be … E * TRADE reserves the right to charge variable commission rates trading fee (.. I understand that if I hold stocks during a reverse split stock if this applies to options as?. To use online discount stock broker for long-term investors 1,600 + $ 0 commission.. A straight answer on the selling of investment products 0 commission trades most other brokers have by... 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