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ETX Capital fees explained

Jun 2019
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Overview of ETX Capital fees and charges

ETX Capital logo

ETX Capital'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 ETX Capital 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 ETX Capital's fees

ETX Capital Fees snapshot
Assets Fee level Fee terms
US stock fee High 0.02 per share, min $15
EURUSD fee High The fees at TraderPro account are built into spread, 0.81 pips is the spread cost
US tech fund fee - Not available
Inactivity fee Average $25 per month after 1 year of inactivity

ETX Capital fees
ETX Capital 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 ETX Capital fees with its closest competitors, XTB and XM.

ETX Capital fees
ETX Capital trading fees

We see ETX Capital'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 ETX Capital.

Trading fees

ETX Capital's trading fees are high.

It is super hard to compare trading fees for CFD brokers. What we did at Brokerchooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of a typical trade for three assets.

For the assets we chose cleverly and arbitrarily:

  • Apple, a large US stock
  • Vodafone, a large European stock
  • EURUSD, a popular currency pair

The typical trade means buying a position, holding for one week, and selling it. For the volume we chose a $2,000 position for the stocks and $20,000 for the EURUSD.

This super catch-all benchmark includes spreads, commissions and financing costs for all brokers.

Here is the verdict.

ETX Capital fees benchmarked
ETX Capital XTB XM
Apple benchmark fee $33.4 $18.1 $3.9
Vodafone benchmark fee $31.8 $24.4 $5.2
EURUSD benchmark fee $23.4 $17.1 $20.0

Financing rates

ETX Capital financing rates are high.

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

ETX Capital yearly financing rates
ETX Capital XTB XM
Apple financing rate 10.2% 6.0% 6.7%
Vodafone financing rate 8.4% 3.1% 4.4%
EURUSD financing rate 5.9% 4.1% 4.6%
EURGBP financing rate 5.4% 1.7% 1.9%

ETX Capital fees
ETX Capital non-trading fees

When it comes to looking at all the non-trading fees ETX Capital 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 ETX Capital 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 ETX Capital stacks up in non-trading fees
ETX Capital XTB XM
Withdrawal fee $0 $0 $0
Deposit fee 0 0 0
Inactivity fee Yes No Yes
Account fee No No No

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

ETX Capital deposit methods
ETX Capital XTB XM
Bank transfer Yes Yes Yes
Credit/Debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Deposit fee 0 0 0

ETX Capital fees
ETX Capital withdrawal fee

Unlike the majority of the online brokers we have reviewed ETX Capital 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.

ETX Capital withdrawal fees and options compared
ETX Capital XTB XM
Bank transfer Yes Yes Yes
Credit/Debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee $0 $0 $0

ETX Capital fees
ETX Capital inactivity fee

ETX Capital does apply an inactivity fee and it is $25 per month after 1 year of inactivity. 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 ETX Capital charges an inactivity fee makes it less ideal for you if you are a buy and hold investor.

ETX Capital has average inactivity fee.

ETX Capital XTB XM
Inactivity fee Yes No Yes
Inactivity fee $25 per month after 1 year of inactivity No inactivity fee Inactivity fee of $5 / month after 90 days. if balance reaches $0 account is archived.

Read more about ETX Capital inactivity fee on their own site.

AUTHOR

Gergely Korpos
Gergely Korpos
Co-founder, CPO
Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager
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