Here is a great offer from Power Etrade which is giving new power etrade account holders 500 commission FREE trades within 60 days of opening a new account depending upon your initial deposit amount. Actually, Power Etrade is a brokerage account for active traders which is at present having a sign up offer of Etrade's 500 commission FREE trades to be executed within 60 days of the opening your new brokerage account.
- Requirements to earn Etrade's 500 commission FREE trades?
Commission free trade offer applies to new Power ETRADE accounts opened with $2,000 minimum deposit. New accounts must be funded within 60 days of account open to remain active. With this special offer you are a qualified Power ETRADE customer from the time your new account is opened.
- When does this offer expire?
Accounts must be opened by December 31, 2010, the offer expiration date.
- When will I get Etrade's free trades?
A new account holder will receive a maximum of 500 free trade commissions for each stock or options trade executed within 60 days of the opening the new account, regardless of when the account is funded and deposited funds have cleared.
- How will I earn Etrade's free trades?
You will pay the commission rate of $9.99 for your first 149 stock or options trades (plus an additional 75¢ per options contract). You will pay the commission rate of $7.99 for stock or options trades 150 to 500 (plus an additional 75¢ per options contract).
Your account will be credited $9.99 for your first 149 stock or options trades and $7.99 for stock or options trades 150 to 500 within eight weeks of trade execution (excluding options contract fees). You will not receive cash compensation for any unused free trade commissions.
- How do I maintain the Power Etrade status?
To qualify for Power ETRADE PRO and trading platforms as well as tools, you must execute at least 30 stock or options trades during a calendar quarter. To continue receiving access to active trader tools and trading platforms, you must qualify by executing at least 30 stock or options trades by the end of the following calendar quarter.
- What are the features of this account?
To get you started Etrade offers 500 commission free trades (stocks and options) to be used within the first 60 days from your account opening date along with a cash bonus up to $500 depending on your initial deposit.
Also, you can use Etrade's no fee customizable trading platforms like Power Etrade PRO. To teach you the ropes of trading as well master its fine nuances, Etrade offers FREE trading web seminars to their Power Etrade customers.