Etrade brokerage account cost


If you're constantly glued to your smartphone, go ahead and download a few of the apps from brokers you're considering. You won't get account access, but you should be able to see several of the tools available and whether or not they'll meet your needs. Barring that, check out online videos of how the apps work, either on the broker's site or on YouTube, where someone, somewhere, has posted a how-to video of just about everything. If you think you'll need a little extra help to get started, put a brokerage's customer service to the test.

Some have excellent customer service, available via phone, email or chat; others have extended wait times to receive a response even to basic questions or chats that sound overly scripted and robotic. If you want to know that you can get a real, live person when you need help, call the broker's toll-free number and say you have questions about opening an account.

While one representative might not represent the entire pool of service people you'll always get, such calls are a great way to evaluate how friendly, responsive, and knowledgeable the company may be if you become a customer.

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When prompted, click "Allow" you can always change your mind later. Search The Web Search Aol. Finance your fixer-upper with the equity in your home. Experts urge Americans to refinance in What really happened to the cast of The Fresh Prince of Bel To make matters worse, some trades are involuntary and the fees eat away at the income. Although E-Trade allows a few methods for the treatment of income taxes, my company chose the sell-to-cover method with no user override allowed.

The company promises me a block of stock shares over a period of time if I stay employed at the company. A grant of shares with shares becoming vested on a specific date 1 year later, another shares 2 years later, etc. This is effectively a form of extra income or a bonus. The money is accumulated for a half year and the purchase is executed at the end of the period. Only the discount portion of the money i. But E-Trade begs to differ: Compare this with my ordinary stock brokerage, where blocks of a particular stock bought at different times or even transferred in from another account all merge into a single mass of assets.

Later when I perform a sell order, all the accumulated stock can be sold in one transaction costing only a single commission fee. An E-Trade employee stock account requires that after selling stock, the cash from the transaction is immediately dispensed to a cheque mailed to you. You cannot keep the cash proceeds in your account. Some events generate cash that is kept in your account instead of being dispensed.

Receiving dividends while holding onto stock is one example. Leftover change from a sell-to-cover transaction is another one e.