E*TRADE (Morgan Stanley) fees & pricing
Complete commission schedule, margin tier ladder, cash-sweep yield, and PFOF stance.
Last reviewed May 13, 2026
Full fee schedule
Every documented E*TRADE (Morgan Stanley) fee, grouped by category. Green = competitive; red = negative outlier; neutral = market-rate.
| Category | Item | Price | Notes |
|---|---|---|---|
| Stocks & ETFs | US listed stock / ETF | $0 | — |
| Stocks & ETFs | Penny stocks (≤ $1) | $6.95 flat | — |
| Options | Options base + per-contract | $0 + $0.65 | $0.50/contract for Active Trader tier |
| Futures | Futures per contract | $1.50 active / $2.50 std | — |
| Crypto | Spot crypto commission | ~50 bps | BTC/ETH/SOL; launched May 2026 |
| Mutual funds | Mutual funds — NTF | $0 | — |
| Bonds | US Treasuries (online) | $0 | — |
| Margin | Base margin rate (< $25K) | 13.20% | — |
| Cash sweep | Premium Savings APY | ~3.60% | Default sweep is near 0%; must move funds manually |
PFOF: Accepts payment for order flow on equities; accepts PFOF on options. E*TRADE accepts PFOF on equities and options.
Margin rates by debit balance
Step-line — rate is constant within each tier. Overlay shows every other broker we’ve reviewed for context. Lower is better.
See margin tiers as a table
| Debit balance | Rate (APR) | Notes |
|---|---|---|
| ≥ $0 | 13.700% | — |
| ≥ $25,000 | 13.200% | — |
| ≥ $50,000 | 12.200% | — |
| ≥ $100,000 | 11.700% | — |
| ≥ $250,000 | 10.450% | — |
Cash sweep
Default cash sweep
3.60%(E*TRADE Premium Savings (manual))
Default brokerage sweep yields near 0%. Premium Savings is a separate FDIC-insured deposit account requiring manual transfer.
As of May 13, 2026