ARMO Broker fees explained

Personally tested

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Independent

Overview of ARMO Broker fees and charges

When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.

If fees are your top concern, ARMO Broker is an OK choice, as it has average fees in general. Check our toplist for cheaper brokers.

I found ARMO Broker's trading fees fairly average

Gyula Lencsés, CFA

Forex • Derivatives • Market Analysis

I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how ARMO Broker fared:

ARMO Broker charges low fees for trading stocks and ETFs.
There is no inactivity fee even if you leave your account idle for a long time.
The basic withdrawal fee is $0, but some transactions may cost more.
Read our full review of ARMO Broker for info on safety, trading platforms and funding.

ARMO Broker fees at a glance
Assets	Fee level	Fee terms
US stock fee	Low	$0.01 per share with a minimum of $3, but capped at 1.20% of trade value
EURUSD fee	Average	0.4 pips * trade value; minimum $4
US tech fund fee	Average	$14.95 per transaction or 3% of trade value, whichever is lower
Inactivity fee	Low	No inactivity fee

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Low stock and ETF commission

ARMO Broker stock and ETF fees by market
	ARMO Broker ARMO Broker	CapTrader CapTrader	Brokerpoint Brokerpoint
UK stock fee Estimated commission of a $2,000 trade, assuming a $50 stock price	$9.9 0.12% of trade value with a minimum of £7	$10.0 £8 + 0.05% of trade value for trade value more than £50,000; fixed £8 for trade value less than £50,000	$2.9 0.10% of trade value, min GBP 2
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$3.0 $0.01 per share with a minimum of $3, but capped at 1.20% of trade value	$2.0 $0.01 per share; min. $2, max. 1% of trade value	$2.0 $0.01 per share for up to 2000 shares; $0.005 per share above that; min. $2
German stock Estimated commission of a $2,000 trade	$4.2 0.12% of trade value with a minimum of €3.90	$4.3 0.1% of trade value with €4 min and €99 max	$2.5 0.10% of trade value

The stock and ETF fees are volume-tiered with a minimum commission, as per the table below.

ARMO Broker stock and ETF fees
Market	Commission	Minimum fee / maximum
Europe
Germany - Frankfurt Germany - Tradegate	0.12% of trade value	€4.90
Germany - Stuttgart	0.12% of trade value	€5.90
Germany - Xetra	0.12% of trade value	€3.90
Austria, France, Belgium, Netherlands, Italy	0.12% of trade value	€4
Switzerland	0.12% of trade value	CHF 12
United Kingdom	0.12% of trade value	£7.90
Russia	0.14% of trade value	RUB 500
Estonia, Latvia, Lithuania	0.12% of trade value	€11.90
Poland	0.12% of trade value	PLN 20
Israel	0.14% of trade value	ILS 20
Norway	0.12% of trade value	NOK 40
Sweden	0.12% of trade value	SEK 40
North America
United States	$0.01 per share	$3 minimum; the maximum is 1.20% of trade value
Canada	CAD 0.01 per share	CAD 3 minimum; the maximum is 1% of trade value
Mexico	0.30% of trade value	MXN 80
Asia and Pacific
Australia	0.12% of trade value	AUD 10
Hong Kong	0.12% of trade value	HKD 40
India	0.02% of trade value	INR 20
Japan	0.12% of trade value	JPY 400
Singapore	0.14% of trade value	SGD 5

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Stock Fee Calculator

Confused about fees? Use this tool to see what the commission fee of a specific stock trade would be at ARMO Broker. To check and compare fees at other brokers, go to our main Fee calculator page.

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High FX fees

ARMO Broker forex fees
	ARMO Broker ARMO Broker	CapTrader CapTrader	Brokerpoint Brokerpoint
commission per lot	4.00	3.00	8.00
EURUSD spread Usual spread in pips	0.2	0.2	0.2
GBPUSD spread	0.4	0.4	0.4
AUDUSD spread	0.3	0.3	0.3
EURCHF spread	0.5	0.5	0.5
EURGBP spread Usual spread in pips	0.3	0.3	0.3

The commission is a standard 0.4 pips of the trade value, with a minimum fee. The minimum fee depends on the base currency of the forex pair you trade.

ARMO Broker forex minimum fees
Base currency	Minimum fee
AUD	AUD 4
CAD	CAD 4
CZK	CZK 80
CHF	CHF 4
DKK	DKK 25
EUR	€4
GBP	£4
HKD	HKD 30
HUF	HUF 990
INR	INR 250
ILS	ILS 15
JPY	JPY 400
MXN	MXN 70
NOK	NOK 30
NZD	NZD 4.90
RUB	RUB 260
SEK	SEK 40
SGD	SGD 4.90
USD	$4

High options commission

ARMO Broker stock index options commission
	ARMO Broker ARMO Broker	CapTrader CapTrader	Brokerpoint Brokerpoint
US stock index options Estimated commission for 10 contracts	$33.0 $3.3 per contract	$35.0 $3.5 per contract	$20.0 $2 per contract
UK stock index options Estimated commission for 10 contracts	$41.3 £3.3 per contract	$43.8 £3.5 per contract	$37.5 £3 per contract
German stock index options Estimated commission for 10 contracts	$20.5 €1.9 per contract	$21.6 €2 per contract, from 1.000 contracts/per month special conditions	$20.4 €1.89 per contract

You pay options fees depending on the number of contracts you trade.

ARMO Broker options fees
Market	Fee per contract	Minimum fee
Europe
Germany, Austria, France, Italy, Belgium, Netherlands, Spain	€1.90	€1.90
Switzerland	CHF 3.80	CHF 3.80
United Kingdom	£3.30	£3.30
Norway	NOK 19	NOK 19
North America
United States	$3.30	$3.30
Canada	CAD 3.30	CAD 3.30
Mexico	MXN 65	MXN 65
Asia-Pacific
Australia	AUD 4.50	AUD 4.50
Hong Kong	HKD 40	HKD 40
India	0.02% of trade value	0.10% of trade value
Japan	JPY 500	JPY 500
Singapore	SGD 7	SGD 7
South Korea	0.35% of trade value	KRW 3,000

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.

ARMO Broker inactivity, withdrawal and other fees
Broker	Inactivity fee	Withdrawal fee
ARMO Broker		$0
CapTrader		$0
Brokerpoint		$0

Other commissions and fees

You can find ARMO Broker's fees for other asset classes below. Click 'Show more' for details.

Average mutual fund commission

Fees for a $2,000 fund purchase
	ARMO Broker ARMO Broker	CapTrader CapTrader	Brokerpoint Brokerpoint
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	$15.0 $14.95 per transaction or 3% of trade value, whichever is lower	$15.0 $14.95 per transaction or 3% of trade value, whichever is lower	$15.0 $14.95 per transaction or 3% of trade value, whichever is lower

In fact, thousands of US mutual funds (including funds from Allianz, Blackrock and Schroder) may be purchased without a transaction fee. The minimum size of an initial fund order is $3,000, while the subsequent minimum order size is $100.
When you purchase a fund that is not in the 'free to buy' category, a simple price structure applies that includes all regulatory and exchange fees.

The fee structure is percentage-based and can have a minimum and a maximum. Note that for European mutual funds, the pricing is a bit different:

ARMO Broker fund fees
Fund type	Fee	Min	Max
US funds	3% of trade value or $14.95, whichever is lower	$3	$14.95
US funds with no transaction fees	0%	$0	$0
European funds	0.1% of trade value	€4	€29
Global funds	3% of trade value or $14.95, whichever is lower	-	-

Average futures fees

Stock index futures fee for 10 contracts
	ARMO Broker ARMO Broker	CapTrader CapTrader	Brokerpoint Brokerpoint
US micro e-mini stock index futures Estimated commission for 10 contracts	$12.5 $1.25 per contract	$35.0 $3.5 per contract	$20.0 $2 per contract
UK stock index futures Estimated commission for 10 contracts	$41.3 £3.3 per contract	$43.8 £3.5 per contract	$37.5 £3 per contract
German e-mini stock index futures Estimated commission for 10 contracts	$20.5 €1.9 per contract	$21.6 €2 per contract, from 1.000 contracts/per month special conditions	$20.4 €1.89 per contract

The same fees are charged as for options, but there are a few additional products:

mini DAX: €1.25 per contract
US micro e-mini: $1.25 per contract with a $1.25 minimum
CFE/CBOE Bitcoin (GXBT): $10 per contract with a $10 minimum
CME Bitcoin: $25 per contract with a $25 minimum

High CFD fees:

Spread and commission for a $2,000 CFD trade
	ARMO Broker ARMO Broker	CapTrader CapTrader	Brokerpoint Brokerpoint
S&P 500 index CFD fee Includes all fees (spread, commission, financing rate) of a $2,000 20:1 position open, 1-week-hold, and close	$6.8	$6.8	$6.8
Euro Stoxx 50 index CFD fee Includes all fees (spread, commission, financing rate) of a $2,000, 20:1 position: open, hold for 1 week, and close	$6.5	$6.5	$6.5
Apple CFD fee Includes all fees (spread, commission, financing rate) of a $2,000, 20:1 position: open, hold for 1 week, and close	$6.8	$6.8	$8.8
Vodafone CFD fee Includes all fees (spread, commission, financing rate) of a $2,000 20:1 position open, 1-week-hold, and close	$13.7	$13.7	$13.7

We calculated with 20:1 leverage for stock index CFDs and 5:1 leverage for single stock CFDs.
The fees for stock CFDs are volume-based, with a minimum fee.

ARMO Broker stock CFD fees
Market	Commission	Minimum fee
Australia	0.10% of order volume	AUD 4
Europe, except for European countries below	0.10% of order volume	€4
Denmark	0.10% of order volume	DKK 60
United Kingom	0.10% of order volume	£4
Japan	0.10% of order volume	JPY 500
Norway	0.10% of order volume	NOK 50
Sweden	0.10% of order volume	SEK 40
Switzerland	0.10% of order volume	CHF 4
Czech Republic	0.25% of order volume	CZK 100
United States	$0.01 per CFD	$2
Brazil	0.25% of order volume	BRL 25
South Africa	0.25% of order volume	ZAR 75
Hong Kong	0.10% of order volume	HKD 50
Singapore	0.25% of order volume	SGD 7.50

Similarly to stock CFDs, stock index CFD fees are volume-based, with a minimum fee.

ARMO Broker stock index CFD fees
Stock index	Commission	Minimum fee
Germany 30	0.01% of trade value	€2
US 500, US 30	0.01% of trade value	$2
US Tech 100	0.02% of trade value	$2
UK 100	0.01% of trade value	£2
Euro 50, France 40, Spain 35, Netherlands 25	0.02% of trade value	€2
Switzerland 20	0.02% of trade value	CHF 2
Japan 225	0.02% of trade value	JPY 60
Hong Kong 50	0.02% of trade value	HKD 15
Australia 200	0.02% of trade value	AUD 2.50

The fees for forex CFDs have the same fees as for spot forex trading.

Low bond commission

Fees for a $10,000 bond trade
	ARMO Broker ARMO Broker	CapTrader CapTrader	Brokerpoint Brokerpoint
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	$10.0 Order size less than $10,000, 0.1% of the trade value with a minimum of $5	$5.0 For the first $1,000,000 face value: 0.002% of trade value with $5 min. Free with IBKR Lite that is available for US and Indian clients.	$5.0 For the first $10,000 face value: 0.002% of trade value with $5 min.
EU/UK government bond Estimated commission of a $10k EU or UK government bond trade	$10.0 Order size less than €50,000, 0.15% of the trade value with a minimum of €5	$10.0 Below €50,000 face value: 0.1% of trade value with €2 min	$10.0 Below €50,000 face value: 0.1% of trade value with €2 min

ARMO Broker charges a volume-based commission with a minimum amount.

ARMO Broker bond fees
Bonds	Volume	Commission (% of trade value)	Min
US Corporate & CDs US municipal US Treasuries	Face value ≤ $10,000 Face value > $10,000	0.10% 0.05%	$5 $5
Europe	Trade value ≤ €50,000 Trade value between €50,000 and €5 million Trade value > €5 million	0.15% 0.10% 0.05%	€5 €5 €5
Hong Kong Government	-	0.15%	HKD 25

Low margin rates

ARMO Broker annual margin rates
	ARMO Broker ARMO Broker	CapTrader CapTrader	Brokerpoint Brokerpoint
USD margin rate	7.3% Interest on Margin Loans: IB rate + mark-up	7.3% Interest on Margin Loans: IB rate + 1%	7.8% Interest on Margin Loans: IB rate + mark-up
GBP margin rate	7.7% Interest on Margin Loans: IB rate + mark-up	7.7% Interest on Margin Loans: IB rate + 1%	7.7% Interest on Margin Loans: IB rate + mark-up
EUR margin rate	6.5% Interest on Margin Loans: IB rate + mark-up	6.5% Interest on Margin Loans: IB rate + 1%	6.5% Interest on Margin Loans: IB rate + mark-up

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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.