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