What are the fees and commissions associated with cryptocurrency trading on TD Ameritrade, Fidelity, and E*TRADE?
Enevoldsen FordDec 28, 2021 · 3 years ago1 answers
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
- Dec 28, 2021 · 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.
Related Tags
Hot Questions
- 80
What is the future of blockchain technology?
- 76
How does cryptocurrency affect my tax return?
- 50
What are the best practices for reporting cryptocurrency on my taxes?
- 45
What are the tax implications of using cryptocurrency?
- 41
How can I minimize my tax liability when dealing with cryptocurrencies?
- 37
What are the advantages of using cryptocurrency for online transactions?
- 27
How can I protect my digital assets from hackers?
- 17
How can I buy Bitcoin with a credit card?