A detailed guide to all relevant fees for stock trading at FXTM as of September 2024
Reading time: 3 minutes
It's great that you are interested in stock trading at FXTM. When looking for a stockbroker, one of the most important aspects are fees. However, sometimes it can be a daunting task to pay attention to all the relevant fees and it can be frustrating to pay for some fees you didn't even know existed. Don't worry, we are here to help you with that.
We at BrokerChooser test brokers' services with a live account and real money, so our knowledge is based on our first-hand experience.
In this article, we are going to walk you through all the fees that are relevant for stock trading at FXTM.
First, let's see if FXTM is available in your country
Visit broker
88.66% of retail CFD accounts lose money
Disclaimer: 88.66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
88.66% of retail CFD accounts lose money
What are stock/ETF trading fees at FXTM?
The following table shows the trading fees of a few popular stocks at FXTM. In these examples, a trade would mean buying a $2,000 position, holding it for one week, then selling it.
Asset | Fee |
---|---|
Apple benchmark fee | $32.0 |
Vodafone benchmark fee | - |
What is the deposit fee at FXTM?
At FXTM, there is no deposit fee. This means that no money will be deducted from your deposits. Be aware, though, that your deposits may be subject to conversion fees. We will cover this later in the article.
What is the withdrawal fee at FXTM?
At FXTM, the withdrawal fee is $3. This means that $3 will be deducted each time you withdraw money from your account. Also pay attention to conversion fees whenever you withdraw money from your broker account.
Visit broker
88.66% of retail CFD accounts lose money
What are conversion fees at FXTM?
Conversion fees apply when you deposit money to your account in a currency other than your account base currency, or when you buy an asset denominated in a currency other than your account base currency. You can find out more about conversion fees on FXTM's website.
88.66% of retail CFD accounts lose money
Is there a custody fee at FXTM?
Custody fees at brokerages are charged for holding positions in certain types of assets, usually stocks, ETFs or bonds.
At FXTM, there is no custody fee. This means that you will not be charged for simply holding positions.
Does FXTM have an account fee?
The account fee is usually a flat fee, charged in order to cover the costs of maintaining and administering an account. It is typically charged on a regular basis, usually monthly or quarterly.
FXTM charges no account fee. This means that you won't have to pay to the broker for simply maintaining your account.
Does FXTM have an inactivity fee?
The inactivity fee is a flat fee that is charged if the account hasn't seen any trading or other activity for a certain period of time. It is typically charged on a regular basis, usually monthly or quarterly.
At FXTM, there is an inactivity fee with the following conditions: $5 per month after 6 months of inactivity.
Visit broker
88.66% of retail CFD accounts lose money
Wrap-up
Making sense of brokerage fees can be frustrating, so we hope that you found this guide useful. Keeping all of these fee types in mind should help you pick the right broker and make trading decisions more confidently.
We believe you are on the right track now, but if you are stuck somewhere, have a question, or a suggestion, please drop a message on our Forum.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
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.