Overview of ARMO Broker fees and charges

When it comes to brokerage fees ARMO Broker shows a mixed picture: some fees are high but some are low. First you need to figure out your approach or you should use our questionnaire to be able to tell whether ARMO Broker fees are an advantage for you. Continue reading about ARMO Broker fees and charges to see if this is the right brokerage for you or a similar broker like CapTrader or Brokerpoint is better for you.

Here's a high level overview of ARMO Broker's fees

ARMO Broker Fees snapshot
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 High 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

ARMO Broker fees
ARMO Broker fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: From a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade, i.e. buying an Apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare ARMO Broker fees with its closest competitors, CapTrader and Brokerpoint.

ARMO Broker fees
ARMO Broker trading fees

ARMO Broker's trading fees are mid-tier which means you need to pay special attention to asset classes with high trading fees.

Let's break down the trading fees into the different asset classes available at ARMO Broker.

Trading fees

ARMO Broker's trading fees are average.

Stock fees and ETF fees

ARMO Broker has low stock trading fees.

Stock fees of a $2,000 trade
ARMO Broker CapTrader Brokerpoint
US stock $3.0 $2.0 $2.0
UK stock $9.8 $11.2 $2.8
German stock $4.7 $4.8 $2.7

Forex fees

ARMO Broker's forex fees are high.

Forex fees of a $20,000 30:1 position open, 1-week-hold, and close
ARMO Broker CapTrader Brokerpoint
EURUSD benchmark fee $14.5 $14.2 $9.4
EURGBP benchmark fee $14.7 $14.2 $10.2

Fund fees

ARMO Broker fund fees are average.

A $2,000 fund buy fees
ARMO Broker CapTrader Brokerpoint
Mutual fund $15.0 $15.0 $15.0
EU mutual fund - - -

Bond fees

ARMO Broker has low bond fees.

Bond fees of a $10,000 trade
ARMO Broker CapTrader Brokerpoint
US Treasury bond $10.0 $5.0 $5.0
EU government bond $10.0 $10.0 $10.0

Options fees

ARMO Broker's options fees are high.

Stock index options fees of 10 contracts
ARMO Broker CapTrader Brokerpoint
US stock index options $33.0 $35.0 $20.0
UK stock index options $46.2 $49.0 $42.0
German stock index options $22.8 $24.0 $22.7

Futures fees

ARMO Broker's futures fees are high.

Stock index futures fee of 10 contracts
ARMO Broker CapTrader Brokerpoint
US micro e-mini stock index futures $12.5 $35.0 $20.0
UK stock index futures $46.2 $49.0 $42.0
German e-mini stock index futures $22.8 $24.0 $22.7

CFD fees

ARMO Broker has high CFD trading fees.

CFD fees, commission of a $2,000 trade
ARMO Broker CapTrader Brokerpoint
Apple CFD $2.2 $1.2 $3.2
Vodafone CFD $5.9 $5.9 $5.9
Germany - - -

Crypto fees

Financing rates

ARMO Broker financing rates are low.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

ARMO Broker yearly financing rates
ARMO Broker CapTrader Brokerpoint
Apple CFD financing rate 2.4% 2.4% 1.6%
Vodafone CFD financing rate 2.5% 2.5% 1.5%
EURUSD financing rate 1.7% 1.7% 1.7%
EURGBP financing rate 1.6% 1.6% 1.6%

ARMO Broker fees
ARMO Broker non-trading fees

When it comes to looking at all the non-trading fees ARMO Broker is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at ARMO Broker that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how ARMO Broker stacks up in non-trading fees
ARMO Broker CapTrader Brokerpoint
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No Yes Yes
Account fee No No No

ARMO Broker fees
ARMO Broker deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and ARMO Broker is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods ARMO Broker offers.

ARMO Broker deposit methods
ARMO Broker CapTrader Brokerpoint
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No No
Deposit fee $0 $0 $0

ARMO Broker fees
ARMO Broker withdrawal fee

Unlike the majority of the online brokers we have reviewed ARMO Broker does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

ARMO Broker withdrawal fees and options compared
ARMO Broker CapTrader Brokerpoint
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No No
Withdrawal fee with bank transfer $0 $0 $0

ARMO Broker fees
ARMO Broker inactivity fee

ARMO Broker does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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

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