Overview of EQi fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

  • Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
  • Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
  • Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
  • Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

Now, let's dive into the details and see what commissions, spreads, and financing rates EQi charges.

EQi commission and other fees
EQi commission and other trading fees

The bad news is that EQi has high trading fees in general. If you're looking for a discount broker, feel free to check out the best discount brokers. We ranked EQi fee levels as low, average or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether EQi commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of EQi commission and other trading fees
EQi Barclays Hargreaves Lansdown
Stock and ETF High Low High
Forex - - -
Fund Average Low Low
Bond Low Low Low
Options - - -
Futures - - -

Now let's go over the trading fees for each asset class one by one.

EQi stock and ETF commissions, spreads

EQi stock and ETF commissions are high. EQi stock and ETF commissions are charged as per the table below.

EQi stock and ETF commission
EQi
US stock £10.99 per trade plus 0.95% of the trade value
UK stock £10.99 per trade
German stock £10.99 per trade plus 0.95% of the trade value
Indian stock Not available

You can compare EQi stock and ETF fees with the two closest competitors.

EQi stock and ETF commission, spreads vs competitors
EQi Barclays Hargreaves Lansdown
US stock $34.4 - $16.7
UK stock $15.4 $8.4 $16.7
German stock $34.4 - $16.7
Indian stock - - -

Stock and ETF commissions are calculated for a $2,000 trade

EQi fund commissions

EQi fund commissions are average. The table below shows how EQi fund commissions are calculated.

EQi fund commissions
EQi
Mutual fund £10.99 per trade plus 0.3% annual fee for investments less than £50,000

Check out how EQi fund fees compare with the competition.

EQi fund commissions
EQi Barclays Hargreaves Lansdown
Mutual fund $7.7 $4.2 $0.0

Fund commissions are calculated for a $2,000 trade

EQi bond commissions

EQi bond commissions are low. The table below contains the description of EQi bond commissions.

EQi bond commissions
EQi
US Treasury bond Not available
EU government bond £10.99 per trade

See how EQi bond fees stack up against the competition.

EQi bond commissions vs competitors
EQi Barclays Hargreaves Lansdown
US Treasury bond - - -
EU government bond $15.4 $8.4 $16.7

Bond commissions are calculated for a $10,000 trade

EQi commission and other fees
EQi non-trading fees

In addition to trading fees, it's important to see if EQi charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by EQi with its two closest competitors.

EQi non-trading fees vs competitors
EQi Barclays Hargreaves Lansdown
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0
Account fee No No No
Inactivity fee No No No

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

EQi commission and other fees
Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by EQi and its closest competitors. To learn more about EQi, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

Author of this article

Gyula Lencsés

Author of this article

Gyula Lencsés, CFA has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has a trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

Gyula Lencsés

Broker Expert

Gyula Lencsés, CFA has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has a trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

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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