Why choose ARMO Broker
ARMO Broker is a Germany-based global stockbroker. Thanks to its link to Interactive Brokers, ARMO Broker provides access to a wide range of products and offers several great research tools. Also, it has an easy-to-use and well-designed web trading platform.
We recommend this broker mainly for advanced traders because the account opening process is complicated and the desktop trading platform is not so simple to use. In addition, the broker charges high fees for forex, CFDs and options trading.
BrokerChooser gave ARMO Broker a 3.7/5 rating based on analyzing 600+ criteria and testing via opening a live account.
- Wide range of products
- Many great research tools
- Easy-to-use web trading platform
Not sure if this is the right broker for you? See the best ones.
See how the best brokers in the United States compare to ARMO Broker
Fees
- Low stock and ETF fees
- No inactivity fee
We compared ARMO Broker's fees with two similar brokers we selected, CapTrader and Brokerpoint. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of ARMO Broker alternatives.
Low stock and ETF commission
ARMO Broker US stock fees are slightly lower than the industry average. US stock fees are calculated as follows: $0.01 per share with a minimum of $3, but capped at 1.20% of trade value
Broker | US stock |
---|---|
ARMO Broker | $3.0 |
CapTrader | $2.0 |
Brokerpoint | $2.0 |
High FX fees
ARMO Broker charges a forex commmission: 0.4 pips * trade value; minimum $4. Spread costs come on top of this, e.g. the EUR/USD spread is 0.1.
Broker | EURUSD spread | FX commission per lot |
---|---|---|
ARMO Broker | 0.1 | 0.4 pips * trade value; minimum $4 |
CapTrader | 0.1 | Trade value less than $1 billion: 0.3 bps * trade value; min. $3.75 |
Brokerpoint | 0.1 | 0.8 pips * order volume |
High options commission
ARMO Broker US stock index options fees are much higher than the industry average. US stock index options fees are calculated as follows: $3.3 per contract
Broker | US stock index options |
---|---|
ARMO Broker | $33.0 |
CapTrader | $35.0 |
Brokerpoint | $20.0 |
No inactivity fee, no withdrawal fee
There is no inactivity, account or deposit fee. The first withdrawal each month is also free of charge, while subsequent withdrawals carry a fee.
Broker | Inactivity fee | Withdrawal fee |
---|---|---|
ARMO Broker | $0 | |
CapTrader | $0 | |
Brokerpoint | $0 |
Other commissions and fees
Average mutual fund commission: trading mutual funds involves the following charges - $14.95 per transaction or 3% of trade value, whichever is lower.
Average futures fees: US index futures fees are as follows - $1.25 per contract.
Low bond commission: US treasury bonds come with the following charges - Order size less than $10,000, 0.1% of the trade value with a minimum of $5.
Low margin rates: the USD annual margin rate is 7.1%.
Broker | Mutual fund | US micro e-mini stock index futures |
---|---|---|
ARMO Broker | $15.0 | $12.5 |
CapTrader | $15.0 | $35.0 |
Brokerpoint | $15.0 | $20.0 |
Check out a detailed analysis of all the fees, commissions, and other charges levied by ARMO Broker for more information.
Safety
- Majority of clients belong to a top-tier financial authority
- Negative balance protection
Deposit and withdrawal
- Several account base currencies
- User-friendly
Account opening
- Fully digital
Mobile app
- User-friendly
- Two-step (safer) login
- Good search function
Desktop platform
- Clear fee report
- Good customizability (for charts, workspace)
- Good variety of order types
Product selection
FAQ
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.