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
1 comment so far
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)
Does Etrade lie when they promise $9.99 on their homepage? Is Etrade’s real commission $19.99? Why did they charge me such outrageous fee? October 18, 2010Posted by deminvest in investment.
Something strange in the neighborhood. On Etrade website, they advertise $9.99 flat commission for stock trades. Unfortunately they charged me twice as much on this simple buy order:
Redhat up 47%. Time to make it a free stock September 8, 2010Posted by deminvest in growth stock, investment, my free stock, Nasdaq stock, REDHAT, RHT, stock I own.
It took 10 years, but eventually I got there. My 222 RHAT shares are 46.9% up! I just placed this interesting order on ETRADE 5 minutes ago: