Overview of CapTrader fees and charges
When it comes to brokerage fees CapTrader shows a mixed picture: some fees are high but some are low. First you need to figure out your approach or you should use our questionnaire to be able to tell whether CapTrader fees are an advantage for you. Continue reading about CapTrader fees and charges to see if this is the right brokerage for you or a similar broker like Saxo Bank or Swissquote is better for you.
Here's a high level overview of CapTrader's fees
|Assets||Fee level||Fee terms|
|US stock fee||Low||$0.01 per share; min. $2, max. 1% of trade value|
|EURUSD fee||High||Trade value less than $1 billion: 0.3 bps * trade value; min. $3.75|
|US tech fund fee||Average||$14.95 per transaction or 3% of trade value, whichever is lower|
|Inactivity fee||Low||If your portfolio is below $1,000 and no trades have been carried out during the month, then a monthly fee of $1 applies|
CapTrader 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. 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 CapTrader fees with its closest competitors, Saxo Bank and Swissquote.
CapTrader trading fees
CapTrader's trading fees are mid-tier which means you need to pay special attention to asset classes with high trading fees.
Let's break down the trading fees into the different asset classes available at CapTrader.
CapTrader's trading fees are average.
Stock fees and ETF fees
CapTrader has low stock trading fees.
CapTrader's forex fees are high.
|EURUSD benchmark fee||$13.9||$6.9||$7.1|
|EURGBP benchmark fee||$14.2||$8.3||$7.6|
CapTrader fund fees are average.
|EU mutual fund||-||-||$9.0|
CapTrader has low bond fees.
|US Treasury bond||$5.0||$96.0||$75.0|
|EU government bond||$10.0||$96.0||$60.0|
CapTrader's options fees are high.
|US stock index options||$35.0||$30.0||$19.9|
|UK stock index options||$49.0||$35.0||-|
|German stock index options||$24.0||$48.0||$12.0|
CapTrader's futures fees are high.
|US micro e-mini stock index futures||$35.0||$40.0||$19.9|
|UK stock index futures||$49.0||$42.0||-|
|German e-mini stock index futures||$24.0||$48.0||$12.0|
CapTrader has high CFD trading fees.
CapTrader financing rates are low.
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
|Apple CFD financing rate||1.6%||3.6%||-|
|Vodafone CFD financing rate||1.6%||3.6%||-|
|EURUSD financing rate||1.6%||1.5%||1.2%|
|EURGBP financing rate||1.6%||1.5%||1.1%|
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
CapTrader 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: Trade value less than $1 billion: 0.3 bps * trade value; min. $3.75.
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CapTrader non-trading fees
When it comes to looking at all the non-trading fees CapTrader 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 CapTrader 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.
CapTrader 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 CapTrader is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods CapTrader offers.
CapTrader withdrawal fee
Unlike some online brokers we have reviewed CapTrader 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.
|Withdrawal fee with bank transfer||$0||$0||$10|
CapTrader inactivity fee
CapTrader does apply an inactivity fee and it is If your portfolio is below $1,000 and no trades have been carried out during the month, then a monthly fee of $1 applies. 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 CapTrader charges an inactivity fee makes it less ideal for you if you are a buy and hold investor.
CapTrader has low inactivity fee.
|Inactivity fee||If your portfolio is below $1,000 and no trades have been carried out during the month, then a monthly fee of $1 applies||In the UK, £25 after one quarter of inactivity. SIPP and ISA accounts are exempt from this fee. In non-UK countries, up to $150 after 6 months of inactivity.||No inactivity fee charged|
Read more about CapTrader inactivity fee on their own site.