Is Internaxx free?

Internaxx does charge a commission for real stock trading on US markets, so in this sense it is not a free-to-trade broker. However, it might still be a reasonable choice for some of you, as there are many other aspects other than commissions that are important when you choose a broker. If you wish to stick with Internaxx though, then you will find the fees they charge below. Alternatively, you could check our article detailing the best zero commission brokers and how their apps scored in our test.

We should note that the payment-for-order-flow model, which is used by some zero-commission brokers to generate income (rather than relying on commissions), could potentially create a conflict of interest between you and your broker. This could result in trade execution (like routing your orders to specific market makers) that might be unfavorable for you under certain market conditions, especially when using market orders (as opposed to limit orders, which seem to be less affected).

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Internaxx fees
Overview of Internaxx fees and charges

Internaxx's fees are considered high. This is because 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. Such features may include its research tools, 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 - Not available
US mutual fund fees 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

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Internaxx fees
Internaxx 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 Internaxx fees with its closest competitors, DEGIRO and flatex.

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Internaxx fees
Internaxx trading fees

We consider Internaxx's trading fees high, as they exceed those of most competitors.

Let's break down trading fees according to 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 flatex
US stock $19.9 $0.7 $7.1
UK stock $19.9 $2.8 -
German stock $31.9 $5.8 $7.1

Fund fees

Internaxx fund fees are low.

Fees of a $2,000 fund purchase
Internaxx DEGIRO flatex
Mutual fund $0.0 $11.1 $7.1
EU mutual fund $8.3 $10.3 $6.5

Margin rates

Internaxx margin rates are high.

Internaxx margin rates
Internaxx DEGIRO flatex
USD margin rate 5.1% 1.3% -
EUR margin rate 5.0% 0.8% 7.9%

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Internaxx fees
Internaxx non-trading fees

Some of Internaxx's non-trading fees are average.

Non-trading fees include various brokerage fees and charges at Internaxx that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

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

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Internaxx fees
Internaxx deposit fee

Usually, brokers don't charge anything for deposits, and Internaxx is no different.

Internaxx deposit methods
Internaxx DEGIRO flatex
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No Yes No
Deposit fee $0 $0 $0

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Internaxx fees
Internaxx withdrawal fee

Internaxx generally doesn't charge a withdrawal fee.

Internaxx withdrawal fees and options compared
Internaxx DEGIRO flatex
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No Yes No
Withdrawal fee for bank transfer $0 $0 $0

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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. Keep this in mind to avoid getting charged after a longer idle period. The fact that Internaxx charges an inactivity fee makes it less ideal for you if you are a buy-and-hold investor.

The inactivity fee charged by Internaxx is high.

Internaxx DEGIRO flatex
Inactivity fee Yes No No
Inactivity fee €25 per quarter between 1 and 11 trades and €45 per quarter for 0 trade No inactivity fee No inactivity fee

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Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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

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