Internaxx fees explained

Internaxx'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 Internaxx 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 Internaxx's fees

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 Internaxx fees with its closest competitors, DEGIRO and flatex.

We see Internaxx'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 Internaxx.

Trading fees

Internaxx's trading fees are high.

Stock fees and ETF fees

Internaxx has high stock trading fees.

Fund fees

Internaxx fund fees are low.

Financing rates

Internaxx financing rates are .

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

Currency conversion fee

Internaxx 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: 0.9% charge for position value under €25,000 or equivalent in other currency .

When it comes to looking at all the non-trading fees Internaxx 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 Internaxx 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.

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

Unlike the majority of the online brokers we have reviewed Internaxx 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.

Internaxx does apply an inactivity fee and it is €25 per quarter between 1 and 11 trades and €45 per quarter for 0 trade. 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 Internaxx charges an inactivity fee makes it less ideal for you if you are a buy and hold investor.

Internaxx has high inactivity fee.

Read more about Internaxx inactivity fee on their own site.