What are the fees and commissions associated with cryptocurrency trading on TD Ameritrade, Fidelity, and E*TRADE?
Can you provide information on the fees and commissions associated with cryptocurrency trading on TD Ameritrade, Fidelity, and E*TRADE? I'm interested in knowing the costs involved before I start trading.
1 answers
- Jenny LumbarJan 04, 2023 · 3 years agoWhen it comes to cryptocurrency trading on TD Ameritrade, Fidelity, and E*TRADE, each platform has its own fee structure. Let's take a closer look: 1. TD Ameritrade: The platform charges a flat fee of $6.95 per trade for online equity trades, including cryptocurrency. Additional fees may apply depending on the specific cryptocurrency. 2. Fidelity: Fidelity does not charge any trading fees or commissions for cryptocurrency trading. They make money through the spread, which is the difference between the buy and sell price. 3. E*TRADE: E*TRADE charges a commission of $0.75 per options contract and $0.65 per options contract for active traders. For cryptocurrency trading, they charge a spread, which can vary. It's important to review the platform's fee schedule and terms of service to understand the full cost of trading on each platform.
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