
It is official: Etrade lies on their commissions. On http://www.etrade.com they say commissions is $9.99. They don’t say anything about double commissions ($19.99) for international customers for the same trades that cost US customers $9.99 This is the official statement by Etrade staff of their ripoff:
Sent: 10/18/2010 04:18 PM
Subject: Trading & Investing
Topic: Trade Inquiry
Account: XXXX-8555
Reference Number: 1217999Message: Dear Customer,
Thank you for your message regarding commission fee.
This commission fee schedule applies to your account.
E*TRADE Securities Trading Fees and Commissions
International Customers (non-US customers on the US-International Site):
1.)All stock orders of 2000 or fewer shares (in linked accounts)
$19.99
2.)All foreign stock orders
$19.993.)Broker-assisted trades
$45.00 + regular commission4.)ECN Fee
$0.005 per share + applicable commission5.)Option orders
(complex orders are only subject to one base fee, but the per-contract fee will apply to all legs)
$19.99 + $1.75 per contract6.)Option Exercise/Assignments
$19.99Thank you for doing business with E*TRADE!
Sincerely,
Glenda D. Velasco
8:30am-5:30pm EST Monday-Friday
1-800-ETRADE-1 (1-800-387-2331)
Financial Service Representative
E*TRADE Securities, LLC
This horrible mail was sent as a reply to my yesterday inquiry.
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