Overview of Brokerpoint fees and charges
We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.
- Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
- Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
- Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
- Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.
Now, let's dive into the details and see what commissions, spreads, and financing rates Brokerpoint charges.
Brokerpoint commission and other fees
Brokerpoint commission and other trading fees
The good news is that Brokerpoint has low trading fees in general. We ranked the fees of Brokerpoint as low, average, or high based on how they compare with all reviewed brokers.
Check out this table to get an overview of whether Brokerpoint commissions, spreads, and financing rates for each asset class are low/average/high.
| Brokerpoint | CapTrader | TradeStation | |
|---|---|---|---|
| Stock and ETF | Low | Low | Low |
| Forex | Low | Average | - |
| Fund | Average | Average | Average |
| Bond | Low | Low | Low |
| Options | High | High | Low |
| Futures | High | High | Average |
| CFD | Average | Average | - |
| Financing rate | Low | Low | - |
Now let's go over the trading fees for each asset class one by one.
Brokerpoint stock and ETF commissions, spreads
Brokerpoint stock and ETF commissions are low. Brokerpoint stock and ETF commissions are charged as per the table below.
| Brokerpoint | |
|---|---|
| US stock | $0.01 per share for up to 2000 shares; $0.005 per share above that; min. $2 |
| UK stock | 0.10% of trade value, min GBP 2 |
| German stock | 0.10% of trade value |
| Indian stock | Not available |
You can compare Brokerpoint stock and ETF fees with the two closest competitors.
| Brokerpoint | CapTrader | TradeStation | |
|---|---|---|---|
| US stock | $2.0 | $2.0 | $0.0 |
| UK stock | $2.3 | $9.0 | - |
| German stock | $2.3 | $4.0 | - |
| Indian stock | - | - | - |
Stock and ETF commissions are calculated for a $2,000 trade
Brokerpoint forex commissions and spreads
Brokerpoint forex fees are low. Brokerpoint forex commissions and spreads for individual currency pairs are charged as per the table below.
| Brokerpoint | |
|---|---|
| EURUSD fee description | 0.8 pips * order volume |
| GBPUSD fee description | 0.8 pips * order volume |
Check out how Brokerpoint forex fees compare to its two closest competitors.
| Brokerpoint | CapTrader | TradeStation | |
|---|---|---|---|
| EURUSD benchmark fee | $13.9 | $18.2 | - |
| GBPUSD benchmark fee | $9.9 | $14.2 | - |
| AUDUSD benchmark fee | $7.6 | $11.9 | - |
| EURCHF benchmark fee | $4.1 | $8.4 | - |
| EURGBP benchmark fee | $11.8 | $16.1 | - |
Forex fees are calculated for a $20,000 trade using 30:1 leverage
Brokerpoint fund commissions
Brokerpoint fund commissions are average. The table below shows how Brokerpoint fund commissions are calculated.
| Brokerpoint | |
|---|---|
| Mutual fund | $14.95 per transaction or 3% of trade value, whichever is lower |
Check out how Brokerpoint fund fees compare with the competition.
| Brokerpoint | CapTrader | TradeStation | |
|---|---|---|---|
| Mutual fund | $15.0 | $15.0 | $15.0 |
Fund commissions are calculated for a $2,000 trade
Brokerpoint bond commissions
Brokerpoint bond commissions are low. The table below contains the description of Brokerpoint bond commissions.
| Brokerpoint | |
|---|---|
| US Treasury bond | For the first $10,000 face value: 0.002% of trade value with $5 min. |
| EU government bond | Below €50,000 face value: 0.1% of trade value with €2 min |
See how Brokerpoint bond fees stack up against the competition.
| Brokerpoint | CapTrader | TradeStation | |
|---|---|---|---|
| US Treasury bond | $5.0 | $5.0 | $20.0 |
| EU government bond | $10.0 | $10.0 | - |
Bond commissions are calculated for a $10,000 trade
Brokerpoint options commissions
You can see below the description of Brokerpoint options commissions. Brokerpoint options fees are high.
| Brokerpoint | |
|---|---|
| US stock index options | $2 per contract |
| US stock options | $2 per contract |
| UK stock index options | £3 per contract |
| German stock index options | €1.89 per contract |
Compare options commissions charged by Brokerpoint with those of CapTrader and TradeStation.
| Brokerpoint | CapTrader | TradeStation | |
|---|---|---|---|
| US stock index options | $20.0 | $35.0 | $6.0 |
| US stock options | $20.0 | $35.0 | $0.0 |
| UK stock index options | $33.9 | $39.6 | - |
| German stock index options | $18.7 | $19.8 | - |
Options commissions are calculated for 10 contracts
Brokerpoint futures commissions
You can see below how Brokerpoint futures commissions are charged. Brokerpoint futures fees are high.
| Brokerpoint | |
|---|---|
| US micro e-mini stock index futures | $2 per contract |
| UK stock index futures | £3 per contract |
| German e-mini stock index futures | €1.89 per contract |
Compare how the futures commissions of Brokerpoint stack up against those of CapTrader and TradeStation.
| Brokerpoint | CapTrader | TradeStation | |
|---|---|---|---|
| US micro e-mini stock index futures | $20.0 | $35.0 | $15.0 |
| UK stock index futures | $33.9 | $39.6 | - |
| German e-mini stock index futures | $18.7 | $19.8 | - |
Futures commissions are calculated for 10 contracts
Brokerpoint CFD commissions and spreads
Brokerpoint CFD fees are average. Brokerpoint CFD commissions and spreads for different assets are charged as per the table below.
| Brokerpoint | |
|---|---|
| S&P 500 CFD fee | 0.01% of trade value with $2 min |
| Europe 50 CFD fee | 0.02% of trade value with €2 min |
| Apple CFD | $0.003 per share from 2001 shares |
| Vodafone CFD | 0.1% of trade value with £4 min |
Below you can see how Brokerpoint CFD fees compare with those of CapTrader and TradeStation.
| Brokerpoint | CapTrader | TradeStation | |
|---|---|---|---|
| S&P 500 index CFD fee | $5.3 | $5.3 | - |
| Europe 50 index CFD fee | $6.1 | $6.1 | - |
| Apple CFD | $3.1 | $2.1 | - |
| Vodafone CFD | $4.9 | $4.9 | - |
CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs
Brokerpoint financing rates
Brokerpoint financing rates are low. They make up a significant part of your trading costs if you hold your position for a long time.
Check out how Brokerpoint financing rates compare with those of CapTrader and TradeStation.
| Brokerpoint | CapTrader | TradeStation | |
|---|---|---|---|
| EURUSD financing rate | 2.7% | 2.7% | - |
| GBPUSD financing rate | 1.6% | 1.6% | - |
| S&P 500 CFD financing rate | 2.8% | 2.8% | - |
| Europe 50 CFD financing rate | 5.3% | 5.3% | - |
| Apple CFD financing rate | 5.3% | 5.3% | - |
| Vodafone CFD financing rate | 4.5% | 4.5% | - |
Brokerpoint commission and other fees
Brokerpoint non-trading fees
In addition to trading fees, it's important to see if Brokerpoint charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by Brokerpoint with its two closest competitors.
| Brokerpoint | CapTrader | TradeStation | |
|---|---|---|---|
| Deposit fee | $0 | $0 | $0 |
| Withdrawal fee | $0 | $0 | $0 |
| Account fee | No | No | No |
| Inactivity fee | Yes | Yes | Yes |
CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs
Brokerpoint commission and other fees
Bottom line
Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by Brokerpoint and its closest competitors. To learn more about Brokerpoint, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.
If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.
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