Choosing the right platform to buy stock is a crucial first step for any investor, whether you’re just starting out or an experienced trader. With numerous online brokers available, understanding the fees, features, and incentives is essential to make an informed decision. If you’re looking for a place to invest in the stock market, E*TRADE from Morgan Stanley presents a compelling option with its zero-commission trading and a limited-time new client offer.
E*TRADE has eliminated commission fees for online trades of U.S.-listed stocks, ETFs, mutual funds, and options, making it a cost-effective choice for active and passive investors alike. While some exclusions apply, the core benefit of commission-free trading significantly reduces the cost of investing, allowing your capital to work harder for you. It’s important to note that options trades do carry a standard contract fee, and certain types of transactions like OTC securities and foreign stock trades may still incur charges. For the majority of everyday stock market participants, however, the $0 commission structure opens up greater opportunities to invest without the burden of per-trade fees.
To understand the specifics, E*TRADE charges $0 commission for online U.S. listed stock, ETF, mutual fund, and options trades. It’s worth being aware that exclusions can occur, and E*TRADE reserves the right to implement variable commission rates under certain circumstances. For options contracts, a standard fee of $0.65 per contract applies, though this can be reduced to $0.50 per contract for high-volume traders executing 30 or more stock, ETF, and options trades per quarter. This commission-free structure does not extend to Over-the-Counter (OTC) securities, foreign stock transactions, large block trades needing special handling, futures, or fixed income investments. Broker-assisted trades incur a $25 service charge, and stock plan accounts have their own commission schedules. Remember that fund prospectuses will detail any applicable fees and expenses, and regulatory and exchange fees may also apply. For comprehensive pricing details, you can visit etrade.com/pricing.
E*TRADE New Account Offer: Get Cash Back When You Invest
Beyond the benefit of commission-free trading, E*TRADE is currently offering a cash bonus to new clients who open and fund a new brokerage account. This offer is designed to make it even more rewarding to start your investment journey with E*TRADE.
Who is eligible for the bonus?
This offer is specifically for new E*TRADE clients who are opening their first self-directed brokerage (non-retirement) account. To qualify, you must:
- Open a new eligible brokerage account.
- Fund the account with $1,000 or more within 60 days of account opening.
- Use the promo code ‘OFFER25’ when opening your account.
- Not have an existing E*TRADE account and not open any other new E*TRADE accounts within 60 days of enrolling in this offer.
How the Cash Bonus Works:
The cash bonus you receive is based on the amount you deposit into your new E*TRADE account within the first 60 days. The bonus is tiered, meaning the more you deposit, the larger your cash reward.
| Deposit Amount | Cash Bonus |
|---|---|
| $1,000 – $4,999 | See E*TRADE Offer Page |
| $5,000 – $19,999 | See E*TRADE Offer Page |
| $20,000 – $99,999 | See E*TRADE Offer Page |
| $100,000 – $199,999 | See E*TRADE Offer Page |
| $200,000 – $499,999 | See E*TRADE Offer Page |
| $500,000 – $999,999 | See E*TRADE Offer Page |
| $1,000,000 – $1,999,999 | See E*TRADE Offer Page |
| $2,000,000 – $4,999,999 | See E*TRADE Offer Page |
| $5,000,000 or more | See E*TRADE Offer Page |
Specific bonus amounts are subject to change and are best viewed on the E*TRADE offer page to ensure you have the most current information.
For deposits under $200,000, the cash credit will be paid within seven business days after the 60-day funding period ends. If you deposit $200,000 or more, you’ll receive an initial cash credit shortly after your deposit, with any additional bonus based on higher tiers paid after the 60-day period. This ensures quicker access to a portion of your reward for larger deposits.
Important Rules and Limitations:
- Account Type: The offer applies only to self-directed, non-retirement brokerage accounts. Certain account types, such as business accounts, retirement accounts, advisory accounts, and some others, are excluded.
- New Funds: Deposits must be new funds from accounts outside of E*TRADE. Transfers from existing Morgan Stanley AAA brokerage accounts may not qualify.
- Minimum Holding Period: Deposited funds must remain in the new E*TRADE account (minus any trading losses) for at least twelve months after the 60-day funding period. Failure to do so may result in the cash credit being surrendered.
- Offer Validity: This offer is valid for a limited time and E*TRADE reserves the right to terminate it at any time. It cannot be combined with other offers, and each client is limited to a maximum of two new account offers.
- Tax Implications: Cash credits may be subject to U.S. withholding taxes and reporting. It’s important to consult with a tax advisor regarding the tax implications of this offer.
Is E*TRADE the Right Place for You to Buy Stock?
E*TRADE’s zero-commission trading and new client bonus offer make it an attractive platform for individuals looking to invest in the stock market. The absence of commission fees can significantly enhance returns, especially for frequent traders or those making smaller, regular investments. The cash bonus provides an additional incentive to get started.
However, when deciding Where To Buy Stock, it’s important to consider your individual investment needs and preferences. While E*TRADE offers commission-free trading on many popular investment types, ensure you understand the fees for other transactions and account services that may be relevant to you. Explore their trading platform, research and educational resources, and customer support to see if they align with your investing style and requirements.
Take the Next Step
If you are ready to explore commission-free stock trading and potentially earn a cash bonus, visit the E*TRADE website to learn more about this offer and open a new account. Remember to use the promo code ‘OFFER25’ when you sign up to ensure you are eligible for the new client bonus.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please review the full terms and conditions of the E*TRADE offer on their website and consult with a financial advisor before making any investment decisions.
