Is CapTrader free?

CapTrader does charge a commission for real stock trading on US markets, so in this sense it is not a free-to-trade broker. However, it might still be a reasonable choice for some of you, as there are many other aspects other than commissions that are important when you choose a broker. If you wish to stick with CapTrader though, then you will find the fees they charge below. Alternatively, you could check our article detailing the best zero commission brokers and how their apps scored in our test.

We should note that the payment-for-order-flow model, which is used by some zero-commission brokers to generate income (rather than relying on commissions), could potentially create a conflict of interest between you and your broker. This could result in trade execution (like routing your orders to specific market makers) that might be unfavorable for you under certain market conditions, especially when using market orders (as opposed to limit orders, which seem to be less affected).

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CapTrader fees
Overview of CapTrader fees and charges

It's safe to say that CapTrader's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.

Here's a high-level overview of CapTrader's fees

CapTrader Fees snapshot
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 mutual fund fees 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

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CapTrader fees
CapTrader fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because 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 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare CapTrader fees with its closest competitors, Saxo Bank and Swissquote.

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CapTrader fees
CapTrader trading fees

CapTrader's trading fees are mixed, which means that some asset classes come with high trading fees - be sure to check these carefully.

Let's break down trading fees according to the different asset classes available at CapTrader.

Trading fees

CapTrader's trading fees are low.

Stock fees and ETF fees

CapTrader has low stock trading fees.

Stock fees of a $2,000 trade
CapTrader Saxo Bank Swissquote
US stock $2.0 $10.0 $25.0
UK stock $10.4 $10.4 $32.5
German stock $4.8 $12.0 $30.0

Forex fees

CapTrader's forex fees are high.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
CapTrader Saxo Bank Swissquote
EURUSD benchmark fee $14.3 $7.8 $10.2
EURGBP benchmark fee $14.1 $8.9 $10.1

Fund fees

CapTrader fund fees are average.

Fees of a $2,000 fund purchase
CapTrader Saxo Bank Swissquote
Mutual fund $15.0 $0.0 $9.0
EU mutual fund - - $9.0

Bond fees

CapTrader has low bond fees.

Fees of a $10,000 bond trade
CapTrader Saxo Bank Swissquote
US Treasury bond $5.0 $96.0 $75.0
EU government bond $10.0 $96.0 $60.0

Options fees

CapTrader's options fees are high.

Options fees for 10 contracts
CapTrader Saxo Bank Swissquote
US stock options $35 $30.0 $14.9
US stock index options $35.0 $30.0 $19.9
UK stock index options $45.5 $39.0 -
German stock index options $24.0 $48.0 $12.0

Futures fees

CapTrader's futures fees are high.

Stock index futures fees for 10 contracts
CapTrader Saxo Bank Swissquote
US micro e-mini stock index futures $35.0 $40.0 $19.9
UK stock index futures $45.5 $39.0 -
German e-mini stock index futures $24.0 $48.0 $12.0

CFD fees

CapTrader has high CFD trading fees.

CFD fees and commissions on a $2,000 trade
CapTrader Saxo Bank Swissquote
Apple CFD $1.2 $10.2 -
Vodafone CFD $5.5 $10.7 -
Germany - $11.4 -

Margin rates

CapTrader margin rates are low.

CapTrader margin rates
CapTrader Saxo Bank Swissquote
USD margin rate 2.6% - 4.4%
EUR margin rate 2.5% - 4.3%

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CapTrader fees
CapTrader non-trading fees

Some of CapTrader's non-trading fees are average.

Non-trading fees include various brokerage fees and charges at CapTrader that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how CapTrader stacks up in terms of non-trading fees
CapTrader Saxo Bank Swissquote
Withdrawal fee $0 $0 $10
Deposit fee $0 $0 $0
Inactivity fee Yes Yes No
Account fee No No No

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CapTrader fees
CapTrader deposit fee

Usually, brokers don't charge anything for deposits, and CapTrader is no different.

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

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CapTrader fees
CapTrader withdrawal fee

CapTrader generally doesn't charge a withdrawal fee.

CapTrader withdrawal fees and options compared
CapTrader Saxo Bank Swissquote
Bank transfer Yes Yes Yes
Credit/debit card No Yes Yes
Electronic wallets No No No
Withdrawal fee for bank transfer $0 $0 $10

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CapTrader fees
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. Keep this in mind to avoid getting charged after a longer idle period. The fact that CapTrader charges an inactivity fee makes it less ideal for you if you are a buy-and-hold investor.

The inactivity fee charged by CapTrader is low.

CapTrader Saxo Bank Swissquote
Inactivity fee Yes Yes No
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

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Author of this article

Krisztián Gátonyi

Author of this article

Krisztián has 10+ years of experience in proprietary trading in the interbank currency market as a foreign exchange risk manager. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 10+ years of experience in proprietary trading in the interbank currency market as a foreign exchange risk manager. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

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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