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