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E*TRADE from Morgan Stanley Brokerage Account Review 2026: Active options traders and investors who want dated, tiered margin rates and Morgan Stanley research

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Our verdict

E*TRADE's pricing page is one of the most detailed we read. It lists $0 commissions on stocks, options, mutual funds and ETFs, an options contract fee of $0.65 that falls to $0.50 with 30 or more trades per quarter, $1 per bond on online secondary trades ($10 minimum, $250 maximum), and 0.50% on crypto trades (as of 2026-10-02). Margin rates are tiered from a base rate of 10.20% effective 09/21/2026, starting at 12.70% for debit balances under $10,000. Account fees are spelled out too: $25 extra for broker-assisted trades and $75 for a full outgoing account transfer. Securities products are offered by Morgan Stanley Smith Barney LLC, Member SIPC, and a FINRA BrokerCheck search returned MORGAN STANLEY (CRD 149777) as active. Crypto is held at zerohash and is not SIPC protected. Confirm current fees on E*TRADE's page.

Overall score

Score breakdown

  • Fees (25%)8.0/10
  • Value & Returns (25%)8.0/10
  • Transparency (20%)9.0/10
  • Security & Trust (15%)9.0/10
  • Support (15%)7.0/10

Scored per our review methodology.

Who it's for

Best for: Active options traders and investors who want dated, tiered margin rates and Morgan Stanley research.

Pricing

$0 online stock, ETF, options and mutual fund commissions; options $0.65 per contract ($0.50 with 30+ trades a quarter) (as of 2026-10-02)

PlanPriceNotes
Stocks, ETFs, options, mutual funds (online)$0 commissionPer E*TRADE's pricing page (as of 2026-10-02).
Options contract fee$0.65 ($0.50 with 30+ trades per quarter)Per E*TRADE's pricing page (as of 2026-10-02).
Margin (under $10,000)12.70%Base rate 10.20% effective 09/21/2026 (as of 2026-10-02). Rates change.
Full outgoing account transfer$75Per E*TRADE's fee list (as of 2026-10-02).

What the evidence says

  • $0 stocks, options, mutual funds and ETFs; options $0.65 or $0.50 with 30+ trades per quarter; broker-assisted +$25; margin base 10.20% effective 09/21/2026, 12.70% under $10,000; $75 full outgoing transfer; crypto via zerohash not SIPC protected; Morgan Stanley Smith Barney LLC, Member SIPC (as of 2026-10-02). (E*TRADE from Morgan Stanley: Pricing and rates (official))
  • Search for Morgan Stanley Smith Barney returned MORGAN STANLEY, CRD 149777, status active (as of 2026-10-02). (FINRA BrokerCheck (firm search))

Pros & cons

Pros

  • $0 commissions on stocks, options, mutual funds and ETFs (as of 2026-10-02)
  • Options contract fee drops from $0.65 to $0.50 for customers with 30 or more trades per quarter (as of 2026-10-02)
  • Margin rates are published by tier with a dated base rate (10.20% effective 09/21/2026) (as of 2026-10-02)
  • Securities are offered by Morgan Stanley Smith Barney LLC, Member SIPC; a FINRA BrokerCheck search returned MORGAN STANLEY (CRD 149777) as active

Cons & red flags

  • $75 fee for a full outgoing account transfer (as of 2026-10-02)
  • Broker-assisted trades cost an extra $25 (as of 2026-10-02)
  • Margin under $10,000 costs 12.70% (as of 2026-10-02)
  • Crypto is held at zerohash, outside Morgan Stanley, and is not SIPC protected (as of 2026-10-02)

How it compares

E*TRADE from Morgan Stanley Brokerage Account scores 8.2/10 in our brokerages & investing evaluation. See where it lands in the full ranking: Best Online Brokerages of 2026.

Frequently asked questions

Who runs E*TRADE?

E*TRADE is part of Morgan Stanley. Its pricing page says securities products are offered by Morgan Stanley Smith Barney LLC, Member SIPC (as of 2026-10-02).

Does E*TRADE charge to transfer out?

Yes. The fee list shows $75 for a full outgoing account transfer (as of 2026-10-02).

Is crypto at E*TRADE SIPC protected?

No. E*TRADE says digital assets are held at zerohash, outside Morgan Stanley, and are not FDIC insured or SIPC protected (as of 2026-10-02).

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