Investment Products • Not FDIC Insured • No Bank Guarantee • May Lose ValueCheck the background of Morgan Stanley Smith Barney LLC on FINRA's BrokerCheckand see
the Morgan Stanley Smith Barney LLC RelationshipSummary.PLEASE READ THE IMPORTANT DISCLOSURES BELOW.
Banking products and services are provided by Morgan Stanley Private Bank, National Association, Member FDIC.
Important Note: Futures and options transactions are intended for sophisticated investors and are complex, carry a high degree of risk, and are not suitable for all investors. For more information, please read the Characteristics and Risks of Standardized Options and the Risk Disclosure Statement for Futures and Options prior to applying for an account.You can also view the E*TRADE Futures LLC Financial Information and Disclosure Documents.
Supporting documentation for any claims will be provided upon request.
E*TRADE sometimes provides its customers with cash credits or special offers related to the opening or funding of accounts or other activities. E*TRADE credits and offers may be subject to U.S. withholding taxes and reporting at retail value. Taxes related to these offers are the customer's responsibility.E*TRADE reserves the right to change the offer terms or terminate the offer at any time without notice.
The material provided by Morgan Stanley Smith Barney LLC, Morgan Stanley or any of theiraffiliates, or by a third party not affiliated with Morgan Stanley is for educational purposes only and is not an individualized recommendation. This information neither is, nor should be construed as, an offer or a solicitation of an offer, or a recommendation, to buy, sell, or hold any security, financial product, or instrument discussed herein, or to open a particular account or to engage in any specific investment strategy.
The tools available on Power E*TRADE are not designed to yield variable results specific to your individual financial situation, risk tolerance, or investment goals, and none of the tools should be relied upon in any way to determine the suitability of an investment for you. Before buying or selling any investment, you should carefully consider your individual financial situation, investment objectives, risk tolerance, and liquidity needs, and consult licensed financial and tax professionals to determine for yourself whether the investment is suitable for you.
E*TRADE from Morgan Stanley ("E*TRADE") charges $0 commissions for online US-listed stock, ETF, mutual fund, and options trades. Exclusions may apply and E*TRADE reserves the right to charge variable commission rates. The standard options contract fee is $0.65 per contract (or $0.50 per contract for customers who execute at least 30 stock, ETF, and options trades per quarter). The retail online $0 commission does not apply to Over-the-Counter (OTC) securities transactions, foreign stock transactions, large block transactions requiring special handling, futures, or fixed income investments. Service charges apply for trades placed through a broker ($25). Stock plan account transactions are subject to a separate commission schedule. All fees and expenses as described in a fund's prospectus still apply. Additional regulatory and exchange fees may apply. For more information about pricing, visit etrade.com/pricing.
Each futures trade is $1.50 (per side, per contract, plus exchange fees), excluding cryptocurrency futures trades, which are $2.50 (per side, per contract, plus exchange fees). In addition to the per contract, per side commission, futures customers may be assessed additional fees, including applicable futures exchange and National Futures Association fees, as well as brokerage charges for execution of non-electronically traded futures and futures options contracts. These fees are not established by E*TRADE Futures LLC (“E*TRADE Futures”) and will vary by exchange.E*TRADE Futures may participate in U.S. futures exchange rebate programs pursuant to which E*TRADE Futures may receive remuneration based on the quantity or volume of orders submitted or trades executed by E*TRADE Futures customers on such exchanges.
In StockBrokers.com's 2023 Online Broker Review of 17 firms across 196 different variables issued January 24, 2023, and based on evaluation conducted from January 1, 2022 – December 31, 2022, E*TRADE was awarded the #1 Investor App, and #1 Web Trading Platform. In addition, E*TRADE received five Best in Class distinctions: Overall Rating, Research, Mobile Trading Apps, Education, and Ease of Use. E*TRADE's star ratings for all category rankings out of 5: Overall (5.0 stars), Customer Service (4.0 stars), Commissions & Fees (4.5 stars), Research (5.0 stars), Platforms & Tools (4.5 stars), Mobile Trading Apps (5.0 stars), Investment Options (4.5 stars), Education (5.0 stars), Ease of Use (5.0 stars).Read the 2023 Online Broker Review.
The Dime Buyback program does not apply to futures options. Exchange and regulatory fees still apply.
Other than CME Equity Index contracts, which trade 24/6, all other futures markets are available through the E*TRADE platform nearly 24 hours a day, six days a week (Sunday 5 p.m. CT to Friday 4 p.m. CT). For more information on futures contract trade specifications, including, tick size, tick value, margin requirements, and trading hours, visit etrade.com/futures.
To place a naked equity call or put trade (Levels 3 and 4) you must have margin equity of at least $5,000 in your margin account. At Levels 3 and 4, margin customers will be allowed to enter naked short put positions. These positions will be subject to the naked maintenance margin requirement rather than the cash-secured requirement.
Securities products and investment advisory services offered by Morgan Stanley Smith Barney LLC, Member SIPC and a Registered Investment Adviser. Commodity futures and options on futures products and services offered by E*TRADE Futures LLC, Member NFA Stock plan administration solutions and services offered by E*TRADE Financial Corporate Services, Inc., and are a part of Morgan Stanley at Work. Banking products and services provided by Morgan Stanley Private Bank, National Association, Member FDIC. All entities are separate but affiliated subsidiaries of Morgan Stanley. E*TRADE from Morgan Stanley and Morgan Stanley at Work are registered trademarks of Morgan Stanley. System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors. Statement of Financial Condition | About Asset Protection | Account Agreements and Disclosures | Quarterly 606 Report | Business Resiliency Plan ©currentYear E*TRADE from Morgan Stanley. All rights reserved. E*TRADE Copyright Policy
The content you provided covers various financial concepts and disclosures associated with entities like Morgan Stanley Smith Barney LLC and E*TRADE. The information delves into investment products, risks, regulatory details, commissions, fees, trading platforms, futures, options, banking products, and affiliated services.
The background of Morgan Stanley Smith Barney LLC can be checked on FINRA's BrokerCheck, providing insights into its history, licenses, registrations, employment of brokers, and any reported disciplinary actions or complaints. It's essential for potential investors or customers to review such details to make informed decisions.
The disclosures emphasize the risks involved in futures and options transactions, highlighting that they are intricate and not suitable for all investors. These transactions require a deep understanding due to their complexity and high-risk nature, warranting careful consideration before engaging in them.
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The disclosure also highlights that the material provided by these entities, whether affiliated or third-party, is primarily for educational purposes and does not constitute personalized investment advice. It stresses the importance of individuals assessing their financial situations, risk tolerance, and consulting financial professionals before making investment decisions.
Furthermore, it touches upon ETRADE's pricing structures, including commission rates, fees for different types of trades, and specific terms applicable to various transactions. The mention of awards and ratings received by ETRADE for its investor app, web trading platform, and different categories provides insights into its industry recognition and strengths.
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The article encompasses diverse aspects of financial products, risks, services, fees, and regulatory information pertinent to Morgan Stanley Smith Barney LLC and E*TRADE, stressing the need for individuals to conduct due diligence and seek professional advice before making any investment decisions.
