Etrade brokerage charges
I had an E-Trade account to receive shares of stock from the company I worked for. Working for a tech company, I had to sign up for an E-Trade account to receive stock awards and discounted stock purchases from the company.
At the same time, I had a non-work-related brokerage account at a Canadian bank in order to do my personal etrade brokerage charges and stock trading activities. As of yearI found E-Trade to fall short of my expectations in a number of ways: High commission fees, restrictive transaction flow, and a busy user interface. First and foremost, E-Trade charges unusually high fees to process stock transactions. For employee stock plans, the only trade available is the sell order. To make matters worse, some trades are etrade brokerage charges and the fees eat away at the income.
Although E-Trade allows a few methods for the treatment of income taxes, my company chose the sell-to-cover method with no user override allowed. The company promises me a block of stock shares over a period of time if I stay etrade brokerage charges at the company.
A grant of etrade brokerage charges with shares becoming vested on a specific date 1 year later, another shares 2 years later, etc. This is effectively a form of extra income or a bonus.
The money is accumulated for a half year and the purchase is executed at the end of the period. Only etrade brokerage charges discount portion of the money i. But E-Trade begs to differ: Compare this with my ordinary stock brokerage, where blocks of a particular stock bought at different times or even etrade brokerage charges in from another account all merge into a single mass of assets.
Later when I perform a sell order, all the accumulated stock can be sold in one transaction costing only a single commission fee. An E-Trade employee stock account requires that after selling stock, the cash from the transaction is immediately dispensed to a cheque mailed to you. You cannot keep the cash proceeds in your account. Some events generate cash that is kept in your account instead of being dispensed.
Receiving dividends while holding onto stock is one example. Leftover change from a sell-to-cover transaction is another one e. You end up with a cash balance in your account, but you cannot merge the cash into the cheque dispensed after a sell order — you have to call E-Trade to explicitly dispense the cash. The workflow ends up being convoluted and suboptimal. Upon an RSU vesting on a Wednesday, I received an email notification of the sell-to-cover-taxes transaction 2 business days later Fridayand a notification of the vesting 4 days later Tuesday.
This is quite unacceptable, as my personal brokerage etrade brokerage charges me to see orders in real time and events are posted to my online transaction log in real time. An expensive, rigid brokerage Introduction. Pervasive Displays e-paper panel hardware driver. Overview of Project Nayuki software licenses.
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