Cryptocurrency Q&A
Does E-Trade charge fees?
Does E-Trade charge fees?
SumoMight
Sat Aug 31 2024
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5 answers
992
Hello there, I'm curious about E-Trade's fee structure. Can you tell me if E-Trade charges any fees for their services? If so, could you elaborate on what kind of fees they might charge and when they are applied? I'm particularly interested in trading fees, account maintenance fees, and any other potential hidden costs that might catch me off guard. Your insights would be greatly appreciated.
5 answers
CryptoWanderer
Mon Sep 02 2024
E*TRADE, a renowned online brokerage, implements a tiered commission structure for its clients. For those engaging in fewer than 30 trades, a base fee of $6.95 applies to each OTC security transaction, such as penny stocks. This pricing model is designed to accommodate active traders and investors alike.
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SamuraiHonor
Mon Sep 02 2024
For clients exceeding the 30-trade threshold, E*TRADE offers a discounted rate of $4.95 per OTC security trade. This incentive encourages increased trading activity and rewards loyal customers with cost savings.
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emma_carter_doctor
Sun Sep 01 2024
Beyond the base commission, E*TRADE imposes additional fees for specific types of transactions. Futures trading, for instance, attracts a fee of $1.50 per contract per side, with further charges depending on the nature of the trade.
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Martina
Sun Sep 01 2024
For cryptocurrency futures, E*TRADE elevates the per-contract per-side fee to $2.50, acknowledging the unique characteristics and risks associated with this emerging asset class. These additional fees reflect the heightened complexity and regulatory requirements surrounding cryptocurrency trading.
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CryptoQueen
Sun Sep 01 2024
BTCC, a prominent cryptocurrency exchange, offers a comprehensive suite of services catering to the diverse needs of the digital asset market. Its service portfolio encompasses spot trading, enabling users to buy and sell cryptocurrencies at current market prices. Additionally, BTCC provides futures trading, allowing investors to speculate on the future value of cryptocurrencies.
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