Overview of Brokerpoint fees and charges

It's safe to say that Brokerpoint's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Brokerpoint even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of Brokerpoint's fees

Brokerpoint Fees snapshot
Assets Fee level Fee terms
US stock fee Low $0.01 per share for up to 2000 shares; $0.005 per share above that; min. $2
EURUSD fee Average 0.8 pips * order volume
US tech fund fee Average $14.95 per transaction or 3% of trade value, whichever is lower
Inactivity fee Low $1 monthly inactivity fee, if you have asset on your account

Brokerpoint fees
Brokerpoint 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 Brokerpoint fees with its closest competitors, CapTrader and TradeStation.

Brokerpoint fees
Brokerpoint trading fees

Brokerpoint's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).

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

Trading fees

Brokerpoint's trading fees are low.

Stock fees and ETF fees

Brokerpoint has low stock trading fees.

Stock fees of a $2,000 trade
Brokerpoint CapTrader TradeStation
US stock $2.0 $2.0 $1.0
UK stock $2.8 $11.2 -
German stock $2.7 $4.8 -

Forex fees

Brokerpoint's forex fees are low.

Forex fees of a $20,000 30:1 position open, 1-week-hold, and close
Brokerpoint CapTrader TradeStation
EURUSD benchmark fee $9.2 $14.0 -
EURGBP benchmark fee $10.2 $14.2 -

Fund fees

Brokerpoint fund fees are average.

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

Bond fees

Brokerpoint has low bond fees.

Bond fees of a $10,000 trade
Brokerpoint CapTrader TradeStation
US Treasury bond $5.0 $5.0 $20.0
EU government bond $10.0 $10.0 -

Options fees

Brokerpoint's options fees are high.

Stock index options fees of 10 contracts
Brokerpoint CapTrader TradeStation
US stock index options $20.0 $35.0 $10.0
UK stock index options $42.0 $49.0 -
German stock index options $22.7 $24.0 -

Futures fees

Brokerpoint's futures fees are average.

Stock index futures fee of 10 contracts
Brokerpoint CapTrader TradeStation
US micro e-mini stock index futures $20.0 $35.0 $5.0
UK stock index futures $42.0 $49.0 -
German e-mini stock index futures $22.7 $24.0 -

CFD fees

Brokerpoint has high CFD trading fees.

CFD fees, commission of a $2,000 trade
Brokerpoint CapTrader TradeStation
Apple CFD $3.1 $2.1 -
Vodafone CFD $6.0 $6.0 -
Germany - - -

Financing rates

Brokerpoint financing rates are low.

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

Brokerpoint yearly financing rates
Brokerpoint CapTrader TradeStation
Apple CFD financing rate 1.6% 2.4% -
Vodafone CFD financing rate 1.5% 2.5% -
EURUSD financing rate 1.6% 1.6% -
EURGBP financing rate 1.6% 1.6% -

Currency conversion fee

Brokerpoint will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: 0.8 pips * order volume .

Brokerpoint fees
Brokerpoint non-trading fees

When it comes to looking at all the non-trading fees Brokerpoint is an average broker. This means that some of the non-trading fees are high, but the others are low or not charged at all.

Non-trading fees include various brokerage fees and charges at Brokerpoint 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 Brokerpoint stacks up in non-trading fees
Brokerpoint CapTrader TradeStation
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee Yes Yes Yes
Account fee No No No

Brokerpoint fees
Brokerpoint 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 Brokerpoint is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Brokerpoint offers.

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

Brokerpoint fees
Brokerpoint withdrawal fee

Unlike the majority of the online brokers we have reviewed Brokerpoint 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.

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

Brokerpoint fees
Brokerpoint inactivity fee

Brokerpoint does apply an inactivity fee and it is $1 monthly inactivity fee, if you have asset on your account. This means that you need to be strategic about your trading activity to avoid getting charged after a longer time of no trade. The fact that Brokerpoint charges an inactivity fee makes it less ideal for you if you are a buy and hold investor.

Brokerpoint has low inactivity fee.

Brokerpoint CapTrader TradeStation
Inactivity fee Yes Yes Yes
Inactivity fee $1 monthly inactivity fee, if you have asset on your account If your portfolio is below $1,000 and no trades have been carried out during the month, then a monthly fee of $1 applies $50 per year if balance <$2,000 or if less than 5 trades per year

Read more about Brokerpoint inactivity fee on their own site.

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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