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Internaxx fees explained

Dec 2018
Compare to best alternative broker

Overview of Internaxx fees and charges

Internaxx logo

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

Internaxx Fees snapshot
Assets Fee level Fee terms
US stock fee High €14.95 + 0.1% (1-9 trades/month); €14.95 flat fee (10+ trades/month, trade volume < €100,000); 0.03% (10+ trades/month, trade volume > €100,000)
EURUSD fee High €15 per trade
US tech fund fee Low Quarterly fee is €15 or 0.1%. If more than 2 transactions, €24,95 is charged.
Inactivity fee High €25 per quarter between 1 and 11 trades and €45 per quarter for 0 trade

Internaxx fees
Internaxx 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 Internaxx fees with its closest competitors, DEGIRO and Saxo Bank.

Internaxx fees
Internaxx trading fees

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.

Stock fees of a $2,000 trade
Internaxx DEGIRO Saxo Bank
USA $19.0 $0.6 $9.9
UK $19.0 $2.4 $7.2
Germany $30.4 $5.7 $11.4

Forex fees

Internaxx's forex fees are high.

Forex fees of a $20,000 30:1 position open, 1-week-hold, and close
Internaxx DEGIRO Saxo Bank
EURUSD benchmark fee $57.9 - $58.4
EURGBP benchmark fee $62.3 - $27.2

Fund fees

Internaxx fund fees are high.

A $2,000 fund buy fees
Internaxx DEGIRO Saxo Bank
USA tech fund buy $17.1 $10.6 -
Europe stock fund buy $17.1 $10.6 -

Options fees

Internaxx's options fees are high.

Stock index options fees of 10 contracts
Internaxx DEGIRO Saxo Bank
USA $60.0 $6.5 $60.0
UK $72.5 - $72.5
Germany $68.4 $10.3 $68.4

Futures fees

Internaxx's futures fees are high.

Stock index futures fee of 10 contracts
Internaxx DEGIRO Saxo Bank
USA $70.0 $6.5 $60.0
UK $87.0 $30.2 $72.5
Germany $79.8 $10.3 $68.4

CFD fees

Internaxx has high CFD trading fees.

CFD fees, commission of a $2,000 trade
Internaxx DEGIRO Saxo Bank
USA $20.0 $0.7 $10.0
UK $21.8 $5.7 $11.6
Germany $17.1 $5.7 $11.4

Crypto fees

Financing rates

Internaxx financing rates are high.

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

Internaxx yearly financing rates
Internaxx DEGIRO Saxo Bank
Apple financing rate 7.2% 4.3% 7.1%
Vodafone financing rate 5.7% 2.5% 5.3%
EURUSD financing rate 5.0% - 15.5%
EURGBP financing rate 5.0% - 6.7%

Internaxx fees
Internaxx non-trading fees

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.

A high level overview of how Internaxx stacks up in non-trading fees
Internaxx DEGIRO Saxo Bank
Withdrawal fee $0 $0 $0
Deposit fee 0 0 0
Inactivity fee Yes No Yes
Account fee No No No

Internaxx fees
Internaxx 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 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.

Internaxx deposit methods
Internaxx DEGIRO Saxo Bank
Bank transfer Yes Yes Yes
Credit/Debit card No No Yes
Electronic wallets No Yes No
Deposit fee 0 0 0

Internaxx fees
Internaxx withdrawal fee

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 withdrawal fees and options compared
Internaxx DEGIRO Saxo Bank
Bank transfer Yes Yes Yes
Credit/Debit card No No Yes
Electronic wallets No Yes No
Withdrawal fee with bank transfer $0 $0 $0

Internaxx fees
Internaxx inactivity fee

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.

Internaxx DEGIRO Saxo Bank
Inactivity fee Yes No Yes
Inactivity fee €25 per quarter between 1 and 11 trades and €45 per quarter for 0 trade No inactivity fee $25 per quarter if you don't trade in the previous quarter

Read more about Internaxx inactivity fee on their own site.


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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