E*Trade Financial Corp. (ETFC), Friday announced new pricing that eliminates its $12.99 commission tier and account activity fees, and increases simplicity, value, and transparency for current and prospective customers of E*Trade Securities LLC.
Commencing February 8, 2010, all customers of E*Trade Securities will benefit from $9.99 or less per stock and options trade pricing, plus a $0.75 per options contract fee, while higher volume traders will continue to enjoy the current $7.99 per trade rate.
In addition, E*Trade Securities has eliminated annual IRA account fees, a per share commission formerly applied to market trades larger than 2,000 shares, and, effective in the second quarter of 2010, all account service fees.
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