stock reorganization fee etrade

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