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E*Trade charges $9.99 for stock trades, with an additional $45 charge for broker-assisted trades. Active traders (150 or more trades per quarter) are charged a lower rate ($7.99). Options trades follow the same basic stock commission structure, with an additional $0.75 tacked on for each contract.
If you have less than $500 to invest, buying individual stocks might still be an option for you! Through discount brokerage firms like E*Trade, TD Ameritrade, Scottrade and TradeKing, you can buy individual stocks for a small fee of $5 to $10 per trade.