Overview of EQi fees and charges

EQi's fees are considered to be high. This is usually a result of high fees across multiple fee types. It's important to be aware of this and to decide whether other advantages of EQi can still make it a good choice for you. These deciding features can be its research options, its education section or the general user experience you get on its trading platforms.

Here's a high level overview of EQi's fees

EQi Fees snapshot
Assets Fee level Fee terms
US stock fee High £10.99 per trade plus 0.95% of the trade value
EURUSD fee - Not available
US tech fund fee Low £10.99 per trade plus 0.3% annual fee for investments less than £50,000
Inactivity fee Average Quarterly custody fee of £17.49. Your custody fee is offset by your trading fees. If you have another account with EQi (ISA, Lifetime ISA or SIPP), the custody fee on your Dealing Account will be waived.

EQi fees
EQi 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, i.e. buying an Apple stock or an ETF. 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 EQi fees with its closest competitors, AJ Bell Youinvest and Hargreaves Lansdown.

EQi fees
EQi trading fees

We see EQi's trading fees to be high because they charge more than most of its competitors.

Let's break down the trading fees into the different asset classes available at EQi.

Trading fees

EQi's trading fees are high.

Stock fees and ETF fees

EQi has high stock trading fees.

Stock fees of a $2,000 trade
EQi AJ Bell Youinvest Hargreaves Lansdown
US stock $33.3 $12.9 $15.5
UK stock $14.3 $12.9 $15.5
German stock $33.3 $12.9 $15.5

Fund fees

EQi fund fees are low.

A $2,000 fund buy fees
EQi AJ Bell Youinvest Hargreaves Lansdown
Mutual fund $7.1 $2.0 $0.0
EU mutual fund - $1.8 $0.0

Bond fees

EQi has low bond fees.

Bond fees of a $10,000 trade
EQi AJ Bell Youinvest Hargreaves Lansdown
US Treasury bond - - -
EU government bond $14.3 $12.9 $15.5

Financing rates

EQi financing rates are .

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

EQi yearly financing rates
EQi AJ Bell Youinvest Hargreaves Lansdown
Apple CFD financing rate - - -
Vodafone CFD financing rate - - -
EURUSD financing rate - - -
EURGBP financing rate - - -

EQi fees
EQi non-trading fees

When it comes to looking at all the non-trading fees EQi 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 EQi 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.

A high level overview of how EQi stacks up in non-trading fees
EQi AJ Bell Youinvest Hargreaves Lansdown
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee Yes No No
Account fee No No No

EQi fees
EQi 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 EQi is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods EQi offers.

EQi deposit methods
EQi AJ Bell Youinvest Hargreaves Lansdown
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets No No No
Deposit fee $0 $0 $0

EQi fees
EQi withdrawal fee

Unlike the majority of the online brokers we have reviewed EQi 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.

EQi withdrawal fees and options compared
EQi AJ Bell Youinvest Hargreaves Lansdown
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets No No No
Withdrawal fee with bank transfer $0 $0 $0

EQi fees
EQi inactivity fee

EQi does apply an inactivity fee and it is Quarterly custody fee of £17.49. Your custody fee is offset by your trading fees. If you have another account with EQi (ISA, Lifetime ISA or SIPP), the custody fee on your Dealing Account will be waived.. 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 EQi charges an inactivity fee makes it less ideal for you if you are a buy and hold investor.

EQi has average inactivity fee.

EQi AJ Bell Youinvest Hargreaves Lansdown
Inactivity fee Yes No No
Inactivity fee Quarterly custody fee of £17.49. Your custody fee is offset by your trading fees. If you have another account with EQi (ISA, Lifetime ISA or SIPP), the custody fee on your Dealing Account will be waived. No inactivity fee No inactivity fee

Read more about EQi inactivity fee on their own site.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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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