Brokerpoint commission and other fees

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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.

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Brokerpoint

3.9/5

Minimum deposit

Stock fee

Low

FX fee

Average

Inactivity fee

yes

Account opening

>3 days

Visit Brokerpoint

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.

Classification of Brokerpoint commission and other trading fees
	Brokerpoint Brokerpoint	CapTrader CapTrader	TradeStation TradeStation
Stock and ETF	Low	Low	Low
Forex	Average	High	-
Fund	Average	Average	Average
Bond	Low	Low	Low
Options	High	High	Average
Futures	High	High	Low
CFD	High	High	-
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 stock and ETF commission
	Brokerpoint Brokerpoint
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$0.01 per share for up to 2000 shares; $0.005 per share above that; min. $2
UK stock fee Estimated commission of a $2,000 trade, assuming a $50 stock price	0.10% of trade value, min GBP 2
German stock Estimated commission of a $2,000 trade	0.10% of trade value
Indian stock	Not available

You can compare Brokerpoint stock and ETF fees with the two closest competitors.

Brokerpoint stock and ETF commission, spreads vs competitors
	Brokerpoint Brokerpoint	CapTrader CapTrader	TradeStation TradeStation
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$2.0 $0.01 per share for up to 2000 shares; $0.005 per share above that; min. $2	$2.0 $0.01 per share; min. $2, max. 1% of trade value	$5.0 $5 per trade for non-US clients. For US clients, commission-free up to the first 10,000 shares per trade.
UK stock fee Estimated commission of a $2,000 trade, assuming a $50 stock price	$2.9 0.10% of trade value, min GBP 2	$10.0 £8 + 0.05% of trade value for trade value more than £50,000; fixed £8 for trade value less than £50,000	- Not available
German stock Estimated commission of a $2,000 trade	$2.5 0.10% of trade value	$4.3 0.1% of trade value with €4 min and €99 max	- Not available
Indian stock	- Not available	- Not available	- Not available

Stock and ETF commissions are calculated for a $2,000 trade

Brokerpoint forex commissions and spreads

Brokerpoint forex fees are average. Brokerpoint forex commissions and spreads for individual currency pairs are charged as per the table below.

Brokerpoint forex commissions and spreads
	Brokerpoint 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 forex fees vs competitors
	Brokerpoint Brokerpoint	CapTrader CapTrader	TradeStation TradeStation
EURUSD benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$12.5	$16.8	- EURUSD is not available
GBPUSD benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$8.0	$12.3	- GBPUSD is not available
AUDUSD benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$26.5	$30.8	- AUDUSD is not available
EURCHF benchmark fee	$0.0	$3.8	- EURCHF is not available
EURGBP benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$12.5	$16.8	- EURGBP is not available

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 fund commissions
	Brokerpoint Brokerpoint
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	$14.95 per transaction or 3% of trade value, whichever is lower

Check out how Brokerpoint fund fees compare with the competition.

Brokerpoint fund commissions
	Brokerpoint Brokerpoint	CapTrader CapTrader	TradeStation TradeStation
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

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 bond commissions
	Brokerpoint Brokerpoint
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	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	Below €50,000 face value: 0.1% of trade value with €2 min

See how Brokerpoint bond fees stack up against the competition.

Brokerpoint bond commissions vs competitors
	Brokerpoint Brokerpoint	CapTrader CapTrader	TradeStation TradeStation
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	$5.0 For the first $10,000 face value: 0.002% of trade value with $5 min.	$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.	$20.0 $14.95 + $5 per bond
EU/UK government bond Estimated commission of a $10k EU or UK government bond trade	$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	- Not available

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 options commissions
	Brokerpoint Brokerpoint
US stock index options Estimated commission for 10 contracts	$2 per contract
US stock options Estimated commission for opening 10 contracts	$2 per contract
UK stock index options Estimated commission for 10 contracts	£3 per contract
German stock index options Estimated commission for 10 contracts	€1.89 per contract

Compare options commissions charged by Brokerpoint with those of CapTrader and TradeStation.

Brokerpoint options commissions vs competitors
	Brokerpoint Brokerpoint	CapTrader CapTrader	TradeStation TradeStation
US stock index options Estimated commission for 10 contracts	$20.0 $2 per contract	$35.0 $3.5 per contract	$11.0 For US clients, $0.6 contract per contract, for non-US clients $5 flat fee plus $0.6 per contract
US stock options Estimated commission for opening 10 contracts	$20.0 $2 per contract	$35.0 $3.5 per contract	$11.0 For US clients, $0.6 contract per contract, for non-US clients $5 flat fee plus $0.6 per contract
UK stock index options Estimated commission for 10 contracts	$37.5 £3 per contract	$43.8 £3.5 per contract	- Not available
German stock index options Estimated commission for 10 contracts	$20.4 €1.89 per contract	$21.6 €2 per contract, from 1.000 contracts/per month special conditions	- Not available

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 futures commissions
	Brokerpoint Brokerpoint
US micro e-mini stock index futures Estimated commission for 10 contracts	$2 per contract
UK stock index futures Estimated commission for 10 contracts	£3 per contract
German e-mini stock index futures Estimated commission for 10 contracts	€1.89 per contract

Compare how the futures commissions of Brokerpoint stack up against those of CapTrader and TradeStation.

Brokerpoint futures commissions vs competitors
	Brokerpoint Brokerpoint	CapTrader CapTrader	TradeStation TradeStation
US micro e-mini stock index futures Estimated commission for 10 contracts	$20.0 $2 per contract	$35.0 $3.5 per contract	$5.0 $1.5 per contract for standard products, $0.5 per contract for micro products
UK stock index futures Estimated commission for 10 contracts	$37.5 £3 per contract	$43.8 £3.5 per contract	- Not available
German e-mini stock index futures Estimated commission for 10 contracts	$20.4 €1.89 per contract	$21.6 €2 per contract, from 1.000 contracts/per month special conditions	- Not available

Futures commissions are calculated for 10 contracts

Brokerpoint CFD commissions and spreads

Brokerpoint CFD fees are high. Brokerpoint CFD commissions and spreads for different assets are charged as per the table below.

Brokerpoint CFD commissions and spreads
	Brokerpoint Brokerpoint
S&P 500 CFD fee	Spread cost plus 0.01% of trade value with $2 min
Europe 50 CFD fee	0.02% of trade value with €2 min
Apple CFD Commission for a $2,000 stock CFD trade	minimum $3, $0.003 per share from 2001 shares
Vodafone CFD Commission for a $2,000 stock CFD trade	0.1% of trade value with £4 min

Below you can see how Brokerpoint CFD fees compare with those of CapTrader and TradeStation.

Brokerpoint CFD fees vs competitors
	Brokerpoint Brokerpoint	CapTrader CapTrader	TradeStation TradeStation
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	- S&P 500 index CFD is not available
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	- Europe 50 index CFD is not available
Apple CFD Commission for a $2,000 stock CFD trade	$3.1 minimum $3, $0.003 per share from 2001 shares	$2.1 $0.01 per share with $2 min	- Not available
Vodafone CFD Commission for a $2,000 stock CFD trade	$5.6 0.1% of trade value with £4 min	$5.6 0.1% of trade value with £4 min	- Not available

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 financing rates vs competitors
	Brokerpoint Brokerpoint	CapTrader CapTrader	TradeStation TradeStation
EURUSD financing rate Yearly financing rate	2.3% Calculated as yearly percentages	2.3% Calculated as yearly percentage	- EURUSD is not available
GBPUSD financing rate	1.1% Calculated as yearly percentages	1.1% Calculated as yearly percentage	- GBPUSD is not available
S&P 500 CFD financing rate	6.8% Calculated as yearly percentages	6.8% Calculated as yearly percentage	- SPX CFD is not available
Euro Stoxx 50 CFD financing rate	5.5% Calculated as yearly percentages	5.5% Calculated as yearly percentage	- EUSTX50 CFD is not available
Apple CFD financing rate Yearly financing rate	6.8% Calculated as yearly percentages	6.8% Calculated as yearly percentage	- Apple CFD is not available
Vodafone CFD financing rate Yearly financing rate	6.7% Calculated as yearly percentages	6.7% Calculated as yearly percentage	- Vodafone CFD is not available

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 non-trading fees vs competitors
	Brokerpoint Brokerpoint	CapTrader CapTrader	TradeStation TradeStation
Deposit fee	$0 No deposit fee	$0 Free deposit	$0 Free deposit
Withdrawal fee Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 Free withdrawal	$0 Free in the current calendar month, every additional bank transfer in the current month costs 8 Euro.	$0 $0 for ACH withdrawals and $25 for US wire withdrawals
Account fee Monthly account fee	No No account fee	No No account fee	No No account fee
Inactivity fee Fee applied if a customer does not trade for a certain length of time	Yes $1 monthly inactivity fee, if you have assets on your account	Yes If your portfolio is below $1,000 and no trades have been carried out during the month, then a monthly fee of $1 applies	Yes $10/month – waived if 10 or more trades placed in prior 90 days OR $5000 avg end of month balance

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

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.

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