Overview of EXANTE fees and charges
It's safe to say that EXANTE's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use EXANTE even in case you trade frequently like multiple times a week or daily.
Here's a high level overview of EXANTE's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | $0.02 per share |
| EURUSD fee | Average | The fees are built into the spread, 0.3 pips is the average spread cost during peak trading hours. |
| US tech fund fee | Low | $0 per trade |
| Inactivity fee | High | €50 monthly fee after 6 months of inactivity |
EXANTE fees
EXANTE 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. 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 EXANTE fees with its closest competitors, Saxo Bank and DEGIRO.
EXANTE fees
EXANTE trading fees
EXANTE's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).
Let's break down the trading fees into the different asset classes available at EXANTE.
Trading fees
EXANTE's trading fees are low.
Stock fees and ETF fees
EXANTE has low stock trading fees.
| EXANTE | Saxo Bank | DEGIRO | |
|---|---|---|---|
| US stock | $0.3 | $10.0 | $0.6 |
| UK stock | $1.0 | $11.2 | $3.2 |
| German stock | $1.0 | $12.0 | $5.3 |
Forex fees
EXANTE's forex fees are average.
| EXANTE | Saxo Bank | DEGIRO | |
|---|---|---|---|
| EURUSD benchmark fee | $9.4 | $7.1 | - |
| EURGBP benchmark fee | $11.0 | $8.7 | - |
Fund fees
EXANTE fund fees are low.
| EXANTE | Saxo Bank | DEGIRO | |
|---|---|---|---|
| Mutual fund | $0.0 | $0.0 | $4.7 |
| EU mutual fund | - | - | $10.3 |
Bond fees
EXANTE has low bond fees.
| EXANTE | Saxo Bank | DEGIRO | |
|---|---|---|---|
| US Treasury bond | $7.5 | $96.0 | - |
| EU government bond | $7.5 | $96.0 | $2.4 |
Options fees
EXANTE's options fees are high.
| EXANTE | Saxo Bank | DEGIRO | |
|---|---|---|---|
| US stock index options | $15.0 | $30.0 | $7.5 |
| UK stock index options | $15.0 | $42.0 | - |
| German stock index options | $18.0 | $48.0 | $10.8 |
Futures fees
EXANTE's futures fees are low.
| EXANTE | Saxo Bank | DEGIRO | |
|---|---|---|---|
| US micro e-mini stock index futures | $15.0 | $40.0 | $7.5 |
| UK stock index futures | $15.0 | $42.0 | - |
| German e-mini stock index futures | $18.0 | $48.0 | $9.0 |
Financing rates
EXANTE financing rates are average.
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| EXANTE | Saxo Bank | DEGIRO | |
|---|---|---|---|
| Apple CFD financing rate | - | 3.6% | - |
| Vodafone CFD financing rate | - | 3.6% | - |
| EURUSD financing rate | 2.3% | 1.5% | - |
| EURGBP financing rate | 2.3% | 1.5% | - |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
Currency conversion fee
EXANTE 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: 0.25% mark-up for major currencies and 0.4% mark-up for other currencies.
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EXANTE fees
EXANTE non-trading fees
When it comes to looking at all the non-trading fees EXANTE is an expensive broker. This means that they tend to charge you a lot for non-trading related activities on your trading account, like withdrawal fee.
Non-trading fees include various brokerage fees and charges at EXANTE 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.
| EXANTE | Saxo Bank | DEGIRO | |
|---|---|---|---|
| Withdrawal fee | $36 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | Yes | Yes | No |
| Account fee | No | No | No |
EXANTE fees
EXANTE 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 EXANTE is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods EXANTE offers.
| EXANTE | Saxo Bank | DEGIRO | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | Yes | No |
| Electronic wallets | No | No | Yes |
| Deposit fee | $0 | $0 | $0 |
EXANTE fees
EXANTE withdrawal fee
Unfortunately, quite like the majority of the online brokers we have reviewed EXANTE does charge a withdrawal fee of $36 for the bank transfer. This means that you need to pay this amount of money when you transfer your money back to your bank account. It's up to you to decide whether this is a high amount or not as it's dependent mostly on the size of the transferred amount.
| EXANTE | Saxo Bank | DEGIRO | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | Yes | No |
| Electronic wallets | No | No | Yes |
| Withdrawal fee with bank transfer | $36 | $0 | $0 |
EXANTE fees
EXANTE inactivity fee
EXANTE does apply an inactivity fee and it is €50 monthly fee after 6 months 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 EXANTE charges an inactivity fee makes it less ideal for you if you are a buy and hold investor.
EXANTE has high inactivity fee.
| EXANTE | Saxo Bank | DEGIRO | |
|---|---|---|---|
| Inactivity fee | Yes | Yes | No |
| Inactivity fee | €50 monthly fee after 6 months of inactivity | 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 |
Read more about EXANTE inactivity fee on their own site.
