Brokerpoint fees explained

Personally tested

Data-driven

Independent

Overview of Brokerpoint fees and charges

When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.

If fees are your top concern, Brokerpoint is a good choice, as it has low fees in general. Check our toplist for cheaper brokers.

I found Brokerpoint's trading fees fairly low

Tekla Csike

I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how Brokerpoint fared:

Brokerpoint charges low fees for trading stocks and ETFs.
There is an inactivity fee if you don't trade for an extended period of time.
The basic withdrawal fee is $0, but some transactions may cost more.
Read our full review of Brokerpoint for info on safety, trading platforms and funding.

Brokerpoint fees at a glance
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

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The fee structure is mixed, with Brokerpoint charging volume-tiered fees in most cases.

Low stock and ETF commission

Brokerpoint stock and ETF fees by market
	Brokerpoint Brokerpoint	CapTrader CapTrader	TradeStation TradeStation
UK stock 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
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.
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

Brokerpoint's stock trading fee is volume-based: it is calculated either per share or as a percentage of the trade value, with a minimum amount. The trading fees for ETFs are the same as for stocks.

Brokerpoint stock fees
Market	Commission	Minimum
Germany	0.10%	€2.29
USA	Up to 2,000 shares: $0.01 per share From 2,001 shares: $0.005 per share	$2
Austria	0.10%	€2.29
Switzerland	0.10%	CHF 2.29
UK	0.10%	£2
France	0.10%	€2.29
Italy	0.10%	€2.29
Belgium	0.10%	€2.29
Netherlands	0.10%	€2.29
Norway	0.10%	NOK 25
Sweden	0.10%	SEK 25
Spain	0.10%	€2.29
Mexico	0.10%	MXN 300
Canada	Up to 2,000 shares: CAD 0.02 per share From 2,001 shares: CAD 0.01 per share	CAD 2
Australia	0.10%	AUD 5
Hong Kong	0.10%	0.10%
China	0.10%	0.10%
Singapore	0.15%	SGD 5 ($5)
Japan	0.15%	JPY 500
Russia	0.25%	RUB 900

Average FX fees

To get a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

Brokerpoint forex fees
	Brokerpoint Brokerpoint	CapTrader CapTrader	TradeStation TradeStation
commission per lot	8.00	3.00	-
EURUSD spread Usual spread in pips	0.2	0.2	- EURUSD is not available
GBPUSD spread	0.4	0.4	- GBPUSD is not available
AUDUSD spread	0.3	0.3	- AUDUSD is not available
EURCHF spread	0.5	0.5	- EURCHF is not available
EURGBP spread Usual spread in pips	0.3	0.3	- EURGBP is not available

High options commission

Brokerpoint stock index options commission
	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
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

You pay options fees depending on the number of contracts you trade, without a minimum or maximum charge in most cases.

Brokerpoint options fees for stock index options
Market	Options fee (per contract)
Germany	€1.89
USA	$2
Austria	€2
Switzerland	CHF 3
UK	£3
France	€2
Italy	€2
Belgium	€2
Netherlands	€2
Norway	NOK 15
Sweden	1.5% of the commercial value, at least SEK 30
Spain	€2
Mexico	n.a.
Canada	CAD 2.99
Australia	AUD 3.29
Hong Kong	HKD 20
Singapore	n.a.
Japan	JPY 500
Russia	n.a.
South Korea	0.4% of the commercial value, at least KRW 2,000

Low inactivity fee, no withdrawal fee

There is no account or deposit fee. However, Brokerpoint charges you an inactivity fee if you have any asset in your account and you don't execute a trade for a month. It's a $1 monthly fee, which is considered average compared to other brokers.

Brokerpoint inactivity, withdrawal and other fees
Broker	Inactivity fee	Withdrawal fee
Brokerpoint		$0
CapTrader		$0
TradeStation		$35

Other commissions and fees

You can find Brokerpoint's fees for other asset classes below. Click 'Show more' for details.

Average mutual fund commission

We must note that Brokerpoint's fund fee structure is not transparent, therefore the figures below are assumptions based on IB's fund fees.

Fees for a $2,000 fund purchase
	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

High futures fees

Stock index futures fee for 10 contracts
	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

Similarly to options, you pay a commission based on the number of contracts you trade.

Brokerpoint futures fees for stock index futures
Market	Futures fee (per contract)
Germany	€1.89
USA	$2
Austria	€2
Switzerland	CHF 3
UK	£3
France	€2
Italy	€2
Belgium	€2
Netherlands	€2
Norway	NOK 15
Sweden	1.5% of the commercial value, at least SEK 30
Spain	€2
Mexico	n.a.
Canada	CAD 2.99
Australia	AUD 3.29
Hong Kong	HKD 20
Singapore	$4
Japan	JPY 700
Russia	n.a.
South Korea	KRW 7,000

High CFD fees:

To have a clear understanding of CFD fees, we calculated a CFD benchmark fee for the selected products. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

Spread and commission for a $2,000 CFD trade
	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 fee Includes all fees (spread, commission, financing rate) of a $2,000, 20:1 position: open, hold for 1 week, and close	$8.8	$6.8	- Apple stock CFD is not available
Vodafone CFD fee Includes all fees (spread, commission, financing rate) of a $2,000 20:1 position open, 1-week-hold, and close	$13.7	$13.7	- Vodafone stock CFD is not available

We calculated with 20:1 leverage for stock index CFDs and 5:1 leverage for single-stock CFDs.

Low bond commission

We must note that Brokerpoint's bond fee structure is not transparent, therefore the numbers below are assumptions based on IB's bond fees.

Fees for a $10,000 bond trade
	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

Low margin rates

Brokerpoint annual margin rates
	Brokerpoint Brokerpoint	CapTrader CapTrader	TradeStation TradeStation
USD margin rate	7.8% Interest on Margin Loans: IB rate + mark-up	7.8% Interest on Margin Loans: IB rate + 1%	13.5% For positions less than $50,000: 13.5% per year
GBP margin rate	7.7% Interest on Margin Loans: IB rate + mark-up	7.7% Interest on Margin Loans: IB rate + 1%	- Not available
EUR margin rate	6.5% Interest on Margin Loans: IB rate + mark-up	6.5% Interest on Margin Loans: IB rate + 1%	- Not available