All Mutual Fund Trading Commission Has Been Eliminated By E*Trade

E*TRADE has abolished all trade commissions and early redemption costs for mutual fund online transactions on its platform, making mutual funds, along with US-listed equities, ETFs, and options trades, part of E*TRADE's $0 online commission offering.

Morgan Stanley's brokerage division has recently made a few modifications, including free access to Morgan Stanley worldwide research (such as quarterly mutual fund commentary), increased access to initial public offerings, and enhancements to E*TRADE's robo advice providing Core Portfolios.

All of these improvements resulted from E*TRADE's inclusion into the Morgan Stanley Wealth Management ecosystem.

6,500 commission-free mutual funds on E*TRADE Morgan Stanley's E*TRADE platform provides over 6,500 commission-free mutual funds. The Fund Screener can help clients locate funds that fit their objectives and investing methods.

“The ability to add mutual funds to the list of E*TRADE's no commission offerings is another proof point that joining Morgan Stanley has provided substantial benefits to clients as we strive to offer the best investing experience possible,” said Chad Turner, Head of Morgan Stanley Wealth Management's Digital Direct Channel. E*TRADE has a strong history of being an industry innovation, and we are excited to continue this journey as part of Morgan Stanley.

“We always aim to offer creative investment solutions that further elevate the standard for ourselves and the industry at large,” said Ben Huneke, Head of Investment Solutions at Morgan Stanley Wealth Management. With E*TRADE becoming a member of the Morgan Stanley Wealth Management ecosystem, the whole really is greater than the parts, allowing us to provide best-of-breed solutions to the E*TRADE client base.

E*TRADE charges no fee for online stock, mutual fund, ETF, and options trading in the United States.

Underlying mutual fund fees and charges apply, as indicated in the prospectus for each fund. Most funds and/or their affiliates pay E*TRADE revenue sharing and administrative service fees. E*TRADE charges additional fees to investors.

E*TRADE charges no fee for online stock, mutual fund, ETF, and options trading in the United States. The typical contract cost for options is $0.65 per contract (or $0.50 per contract for users that execute at least 30 stock, ETF, and option transactions every quarter). Over-the-Counter (OTC), overseas stock transactions, big block transactions needing special processing, futures, or fixed-income investments are not eligible for the $0 retail online fee.

The underlying mutual fund/ETF costs are applicable. Service fees of $25 apply to transactions executed via a broker. Transactions involving stock plan accounts are subject to a unique commission schedule. There may be additional regulatory and exchange costs. All fees and expenditures indicated in the prospectus remain in effect. Visit etrade.com/price for additional information on pricing.

About E*Trade

E*TRADE is one of the country's major online brokers, catering to investors of all backgrounds and degrees of knowledge. E*TRADE distinguishes itself by providing a wide variety of investment options and trading capabilities through desktop, online, and two mobile app experiences. A large instructional catalog paired with an easy-to-use website design allows new investors to join the market with confidence. To follow their chosen trading approach, more advanced investors may use a broad range of analytical tools, charting functions, and research capabilities. However, several services that knowledgeable investors may anticipate, such as direct crypto exposure and foreign exchange trading, are not enabled. Overall, E*TRADE provides a very well-rounded platform that caters to all sorts of investors.

You can find out more of E*Trade news here: https://www.wikifx.com/en/dealer/8241307303.html

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