E*TRADE from Morgan Stanley has rolled out an attractive offer for individuals looking to Buy Online Stock, ETFs, mutual funds, and options. New clients can take advantage of $0 commission for online trades of US-listed securities, alongside a cash bonus when opening and funding a new brokerage account. This initiative aims to make investing more accessible and rewarding for new investors entering the stock market.
Dive into Commission-Free Stock Trading with E*TRADE
E*TRADE’s $0 commission structure applies to a wide array of online trades, including US-listed stocks, Exchange Traded Funds (ETFs), and mutual funds. Even options trades are commission-free, though a standard contract fee of $0.65 per contract applies ($0.50 for active traders executing 30+ trades per quarter). This significant reduction in trading costs can enhance returns, especially for frequent traders and those just starting to buy online stock.
It’s important to note that some exclusions apply. The $0 commission offer does not extend to Over-the-Counter (OTC) securities, foreign stock transactions, large block trades needing special handling, futures, or fixed income investments. Broker-assisted trades incur a $25 service charge. Always review the full fee schedule on the E*TRADE pricing page for complete details before you buy online stock.
Get Rewarded: The New Client Cash Bonus Offer
To further incentivize new clients to buy online stock with them, E*TRADE is offering a cash bonus for new brokerage (non-retirement) accounts. To qualify, new clients must:
- Open a new, eligible brokerage account (non-retirement).
- Not have an existing E*TRADE account.
- Fund the new account with $1,000 or more within 60 days of opening.
- Use the promo code ‘OFFER25’ during sign-up.
This offer is specifically for new clients opening a single account. Existing E*TRADE clients or those planning to open multiple accounts should refer to separate offer terms available on the E*TRADE website.
The cash bonus is tiered based on the deposit amount made within the first 60 days:
| Deposit Amount | Cash Bonus |
|---|---|
| $1,000 – $4,999 | Varies |
| $5,000 – $19,999 | Varies |
| $20,000 – $99,999 | Varies |
| $100,000 – $199,999 | Varies |
| $200,000 or more | Up to $10,000 |
Cash credits for deposits under $200,000 are typically paid within seven business days after the 60-day funding period. For larger deposits of $200,000 or more, an initial credit is often paid shortly after the deposit, with any remaining bonus amount paid after the 60-day period, depending on the final tier reached.
Important Offer Terms and Conditions
Several key conditions apply to this offer. It is crucial to understand these terms before you decide to buy online stock and open an account to take advantage of the promotion:
- Account Type: The offer is valid only for new E*TRADE self-directed brokerage (non-retirement) accounts. Certain account types like business accounts, retirement accounts, advisory accounts, and specific Morgan Stanley accounts are excluded.
- Funding Requirements: Deposited funds or securities must originate from accounts outside of E*TRADE and remain in the new account for at least twelve months (minus any trading losses) after the 60-day funding period. Failure to maintain the deposit for this period may result in the forfeiture of the cash bonus.
- Offer Limitations: This offer is limited to one new account per client and cannot be combined with other E*TRADE offers. It is also not available to non-U.S. residents or where prohibited by law.
- Tax Implications: Cash credits and offers may be subject to US withholding taxes and reporting. It is the client’s responsibility to handle any tax obligations arising from this offer. E*TRADE and Morgan Stanley do not provide tax advice; consulting a tax advisor is recommended.
Is E*TRADE Right for You to Buy Online Stock?
E*TRADE’s offer of $0 commission trading and a cash bonus presents a compelling opportunity for new investors looking to buy online stock. The platform provides access to a wide range of investment products and tools. However, it’s essential to consider your individual investment needs, conduct thorough research, and understand all the terms and conditions associated with this offer before making a decision. Remember that investing in the stock market involves risk, and past performance is not indicative of future results. This offer should not be considered investment advice or a recommendation to buy, sell, or hold any security.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please refer to the official E*TRADE website for the most up-to-date offer details and terms and conditions.
