Is FxPro free?
FxPro does not provide access to real stock trading on US markets. If you are looking for a zero-commission broker to trade on US stock exchanges, you can check our article detailing the best apps offered in this category of brokers. If you wish to stick with FxPro though, then you will find the fees they charge below.
Overview of FxPro fees and charges
When it comes to brokerage fees, FxPro 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 FxPro fees are beneficial for you. Continue reading about FxPro fees and charges to see if this is the right broker for you, or if a similar broker like Spreadex or ActivTrades might suit you better.
Here's a high-level overview of FxPro's fees
|Assets||Fee level||Fee terms|
|US stock fee||-||Not available|
|EURUSD fee||Low||The fees are built into the spread, 1.71 pips is the average spread cost during peak trading hours.|
|US mutual fund fees||-||Not available|
|Inactivity fee||Low||$15 one-off account maintenance fee and $5 monthly fee after 6 months of inactivity|
FxPro 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 FxPro fees with its closest competitors, Spreadex and ActivTrades.
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FxPro trading fees
FxPro'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 FxPro.
FxPro's trading fees are average.
FxPro's forex fees are low.
|EURUSD benchmark fee||$8.8||$6.7||$7.9|
|EURGBP benchmark fee||$10.1||$8.0||$9.3|
FxPro has average CFD trading fees.
FxPro non-trading fees
Some of FxPro's non-trading fees are average.
Non-trading fees include various brokerage fees and charges at FxPro that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.
FxPro deposit fee
Usually, brokers don't charge anything for deposits, and FxPro is no different.
FxPro withdrawal fee
FxPro generally doesn't charge a withdrawal fee.
|Withdrawal fee for bank transfer||$0||$0||$0|
FxPro inactivity fee
FxPro does apply an inactivity fee and it is $15 one-off account maintenance fee and $5 monthly fee after 6 months of inactivity. Keep this in mind to avoid getting charged after a longer idle period. The fact that FxPro charges an inactivity fee makes it less ideal for you if you are a buy-and-hold investor.
The inactivity fee charged by FxPro is low.
|Inactivity fee||$15 one-off account maintenance fee and $5 monthly fee after 6 months of inactivity||No inactivity fee||If the account is not used for over 1 year and there is a remaining balance, they will charge a fee of £10 per month.|