Jan 30

For IRAs, ETRADE says there are no account fees and no minimums. The website also seems to indicate there are no charges for trading with money within the IRA. So how does ETRADE make money doing this?

2 comments so far...

  • efflandt Said on January 30th, 2010 at 11:27 am:

    There are trade commissions if you trade stocks, ETF’s, or actual bonds. For mutual funds they get a portion of the annual expense ratio the fund charges, even if it has no load or transaction fee. The expense ratio is a small percentage already deducted out of historical returns, so you don’t really see that amount directly. But the expense ratio should be listed somewhere in details about the fund.

  • $so fresh so clean$ Said on January 30th, 2010 at 11:56 am:

    They have annual fees or “expense” ratios.

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