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