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
| 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 | Low | 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 assets on your account |
Brokerpoint fees
Brokerpoint fees explained
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.
| Brokerpoint | CapTrader | TradeStation | |
|---|---|---|---|
| US stock | $2.0 | $2.0 | $0.0 |
| UK stock | $2.3 | $9.0 | - |
| German stock | $2.3 | $4.0 | - |
Forex fees
Brokerpoint's forex fees are low.
| Brokerpoint | CapTrader | TradeStation | |
|---|---|---|---|
| EURUSD benchmark fee | $13.9 | $18.2 | - |
| EURGBP benchmark fee | $11.8 | $16.1 | - |
Fund fees
Brokerpoint fund fees are average.
| Brokerpoint | CapTrader | TradeStation | |
|---|---|---|---|
| Mutual fund | $15.0 | $15.0 | $15.0 |
| EU mutual fund | - | - | - |
Bond fees
Brokerpoint has low bond fees.
| 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.
| Brokerpoint | CapTrader | TradeStation | |
|---|---|---|---|
| US stock index options | $20.0 | $35.0 | $6.0 |
| UK stock index options | $33.9 | $39.6 | - |
| German stock index options | $18.7 | $19.8 | - |
Futures fees
Brokerpoint's futures fees are high.
| 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 | - |
CFD fees
Brokerpoint has average CFD trading fees.
| Brokerpoint | CapTrader | TradeStation | |
|---|---|---|---|
| Apple CFD | $3.1 | $2.1 | - |
| Vodafone CFD | $4.9 | $4.9 | - |
| 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 | CapTrader | TradeStation | |
|---|---|---|---|
| Apple CFD financing rate | 5.3% | 5.3% | - |
| Vodafone CFD financing rate | 4.5% | 4.5% | - |
| EURUSD financing rate | 2.7% | 2.7% | - |
| EURGBP financing rate | 2.1% | 2.1% | - |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
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 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 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.
| 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 | 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 some 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 | 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 assets 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 assets 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 your balance is less than $2,000 or if you make less than 5 trades per year |
Read more about Brokerpoint inactivity fee on their own site.
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