10 March 2010
E*TRADE Financial (ETFC) announced today a new pricing promotion for active traders. Open a Power E*TRADE account with a minimum of $2,000 and you can trade free for 60 days. The offer is for new accounts only and caps out at 500 free trades. The fine print indicates you will actually be charged for your trades but will then be credited for those trades within eight weeks. The first 149 stock or option trades will be charged, and then credited, at $9.99. From 150 to 500 trades you'll be charged and then credited at a $7.99 per trade rate (plus $0.75 per options contract).
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