Etrade sucks: international customers are charged double commissions! A ripoff that isn’t written anywhere on their website. I will transfer my Etrade account. October 19, 2010Posted by deminvest in investment, investment strategies.
Tags: commissions, etrade, ripoff, sucks
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
Reference Number: 1217999
Message: 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)
2.)All foreign stock orders
$45.00 + regular commission
$0.005 per share + applicable commission
(complex orders are only subject to one base fee, but the per-contract fee will apply to all legs)
$19.99 + $1.75 per contract
Thank you for doing business with E*TRADE!
Glenda D. Velasco
8:30am-5:30pm EST Monday-Friday
Financial Service Representative
E*TRADE Securities, LLC
This horrible mail was sent as a reply to my yesterday inquiry.