E*TRADE from Morgan Stanley
Commission-free self-directed trading bundled with Morgan Stanley private-bank and premium money products.
Last verified 2026-10-04
Legal entities
E*TRADE from Morgan Stanley (FINRA BrokerCheck search returned 0 active firm records under 'Etrade'; verify entity via BrokerCheck before publishing)
Details
| minimum to open | $0Stated as 'no account minimums or maintenance fees' |
|---|---|
| monthly fee | $0Not confirmed at a primary source in this pass. |
| equity trade fee | 0 USD per tradeNot confirmed at a primary source in this pass. |
| fractional min | $5Not published in retrievable text for this broker. |
| etf fee | 0 USD per tradeCONFIRMED $0 at both volume tiers: the ETF table shows '$0' for both '0 - 29 Trades/QTR' and '30+ Trades/QTR'. Broker-assisted adds $25: 'Customers will be charged an additional $25 for broker-assisted trades ... plus applicable commission and fees.' |
| margin apr low | 10.7%Tiered on debit balance for stocks, options, and ETFs; each tier is the base rate plus a spread above it. For balance tiers $500K and above, the page instructs 'please call 800-998-8079 to learn about our latest rate offers', so no rate above $499,999.99 is published. |
| margin apr high | 12.7%Tiered on debit balance for stocks, options, and ETFs; each tier is the base rate plus a spread above it. For balance tiers $500K and above, the page instructs 'please call 800-998-8079 to learn about our latest rate offers', so no rate above $499,999.99 is published. |
| cash apy gold | 0.15%The default Bank Deposit Program pays 0.01% APY on balances from $0 to $249,999, rising to 0.05% at $500,000-$999,999 and 0.15% at $1,000,000 and above. Balances above $20 million are swept without limit to MGPXX. DO NOT CONFLATE with the 4.25% figure also on this page: that is a 6-month PROMOTIONAL APY on a Morgan Stanley Private Bank Premium Savings Account, a separate bank product, and the offer states 'IRA and non-IRA Brokerage accounts are ineligible.' |
| cash apy standard | 0.01%The default Bank Deposit Program pays 0.01% APY on balances from $0 to $249,999, rising to 0.05% at $500,000-$999,999 and 0.15% at $1,000,000 and above. Balances above $20 million are swept without limit to MGPXX. DO NOT CONFLATE with the 4.25% figure also on this page: that is a 6-month PROMOTIONAL APY on a Morgan Stanley Private Bank Premium Savings Account, a separate bank product, and the offer states 'IRA and non-IRA Brokerage accounts are ineligible.' |
| crypto available | yes |
| account types | cash, taxable, ira, roth iraAccount types not published. |
| coverage | SIPC member. Swept cash sits at program banks under FDIC limits.Coverage terms not transcribed. |
What people get wrong
- Cryptocurrency held here is generally not SIPC protected. Check the coverage terms for the specific entity holding it.
Sources
Each URL and the specific claim it supports.
- us.etrade.com— Brokerage fees, account types, coverage and margin terms.retrieved 2026-10-04
- us.etrade.com— Brokerage fees, account types, coverage and margin terms.retrieved 2026-10-04
- www.etrade.com— Brokerage fees, account types, coverage and margin terms.retrieved 2026-10-04
- us.etrade.com— Brokerage fees, account types, coverage and margin terms.retrieved 2026-10-04