Erste Broker 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 Erste Broker 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).
Overview of Erste Broker fees and charges
When it comes to brokerage fees, Erste Broker is a mixed bag. To see how they may affect you, first you need to figure out your approach to trading - i.e. whether you are more of a buy-and-hold investor or if you want to trade frequently; or what type of assets and in what volumes you'll want to trade. Alternatively, use our questionnaire to help you tell whether Erste Broker fees are beneficial for you. Continue reading about Erste Broker fees and charges to see if this is the right broker for you, or if a similar broker like Interactive Brokers or KBC Equitas might suit you better.
Here's a high-level overview of Erste Broker's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Average | 0.45%, with a $7 minimum |
| EURUSD fee | - | FX not available |
| US mutual fund fees | High | 1.0-2.5% of market value, min. €2; only Erste Funds available |
| Inactivity fee | Low | No inactivity fee |
Erste Broker 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 Erste Broker fees with its closest competitors, Interactive Brokers and KBC Equitas.
Erste Broker trading fees
Erste Broker'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 Erste Broker.
Trading fees
Erste Broker's trading fees are average.
Stock fees and ETF fees
Erste Broker has average stock trading fees.
|
US stock
|
$7.0
|
$1.0
|
$7.0
|
|---|---|---|---|
|
UK stock
|
-
|
$3.8
|
$7.3
|
|
German stock
|
$7.4
|
$3.2
|
$7.3
|
Data updated on December 23, 2024
Fund fees
Erste Broker fund fees are high.
|
Mutual fund
|
$20.0
|
$15.0
|
$0.0
|
|---|---|---|---|
|
EU mutual fund
|
- |
$4.4
|
- |
Data updated on December 23, 2024
Bond fees
Erste Broker has bond fees.
|
US Treasury bond
|
-
|
$5.0
|
-
|
|---|---|---|---|
|
EU/UK government bond
|
-
|
$10.0
|
-
|
Data updated on December 23, 2024
Currency conversion fee
Erste Broker 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: 0.60% currency conversion fee.
Erste Broker non-trading fees
When it comes to non-trading fees, Erste Broker is a rather cheap broker.
Non-trading fees include various brokerage fees and charges at Erste Broker that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.
|
Withdrawal fee
|
$0
|
$0
|
$5
|
|---|---|---|---|
|
Deposit fee
|
$0
|
$0
|
$0
|
|
Inactivity fee
|
No
|
No
|
No
|
|
Account fee
|
Yes
|
No
|
Yes
|
Data updated on December 23, 2024
Erste Broker deposit fee
Usually, brokers don't charge anything for deposits, and Erste Broker is no different.
|
Bank transfer
|
Yes | Yes | Yes |
|---|---|---|---|
|
Credit/debit card
|
No |
No
|
No |
|
Electronic wallets
|
No | No | No |
|
Deposit fee
|
$0
|
$0
|
$0
|
Data updated on December 23, 2024
Erste Broker withdrawal fee
Erste Broker generally doesn't charge a withdrawal fee.
|
Bank transfer
|
Yes | Yes | Yes |
|---|---|---|---|
|
Credit/debit card
|
No |
No
|
No |
|
Electronic wallets
|
No | No | No |
|
Withdrawal fee for bank transfer
|
$0
|
$0
|
$5
|
Data updated on December 23, 2024
Erste Broker inactivity fee
Erste Broker does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).
-
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
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.
