ARMO Broker Logo

ARMO Broker Review 2025

Written by
Fact checked by
Adam N.
Updated
1w ago
Regulated and trusted. Tested via live trading.
74 people chose this broker
Not available in United States; see best alternatives

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
Overall score
3.7/5
Minimum deposit
$2,100
Stock fee
Low
FX fee
High
Inactivity fee
no
Account opening
1-3 days

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

EURUSD spread
Usual spread in pips
Track every investment in one view
Stop wasting time with switching between broker apps. See your entire portfolio all at once.
Start tracking now

Fees

Score: 2.9/5
ARMO Broker has low stock and ETF fees and charges no inactivity fee. However, fees for trading most other products are high.
  • 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
ARMO Broker stock and ETF commission

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
ARMO Broker forex spreads and commissions

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
ARMO Broker stock index options commission

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
ARMO Broker inactivity, withdrawal and other fees

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
Misc. fees compared with other brokers

Check out a detailed analysis of all the fees, commissions, and other charges levied by ARMO Broker for more information.

Safety

ARMO Broker is a legit brokerage. As an introducing broker of IB, it is covered by top-tier regulators, granting most clients strong protection. However, it lacks a banking background and is not publicly listed, meaning less transparency.
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
Read more

Deposit and withdrawal

Score: 3.3/5
ARMO Broker offers one free withdrawal per month and has a decent selection of account base currencies. However, it doesn't accept credit/debit cards or electronic wallets.
  • Several account base currencies
  • User-friendly
Read more

Account opening

Score: 1.9/5
ARMO Broker's account opening process is fully digital. However, there is a high minimum deposit and the account opening process is a bit complicated.
  • Fully digital
Read more

Mobile app

Score: 3.5/5
ARMO Broker's mobile trading platform has a safe two-step login, and comes with a good search function and multiple order types. However, beginners may find it too complex.
  • User-friendly
  • Two-step (safer) login
  • Good search function
Read more

Desktop platform

Score: 3/5
ARMO Broker's desktop platform offers great customizability and advanced order execution, but is not user-friendly and caters more to advanced traders.
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
Read more

Product selection

Score: 4.9/5
Through ARMO Broker, you can access a wide range of markets, and all product types are available to trade.
Read more
“I recommend ARMO Broker for investors and traders from Europe interested in global markets.”
Track every investment in one view
Stop wasting time with switching between broker apps. See your entire portfolio all at once.
Start tracking now

FAQ

Read more
Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

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.

author
András Régely
Author of this review
As a Broker Analyst at BrokerChooser, I'm dedicated to providing data-driven insights that simplify the world of investments. With a solid academic background, including an MSc in Accounting and Finance from LSE, I bring a deep understanding of financial markets to my role. My mission is to assist retail investors in finding the perfect broker fit by leveraging my trading experience and analytical skills. At BrokerChooser, I merge my passion for trading with a keen eye for market trends, helping clients navigate online brokers confidently and effectively.