Is Markets.com free?
Disclaimer: 79.9% 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.
Markets.com 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 Markets.com though, then you will find the fees they charge below.
Overview of Markets.com fees and charges
Markets.com'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 Markets.com 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 Markets.com's fees
|Assets||Fee level||Fee terms|
|US stock fee||-||Not available|
|EURUSD fee||High||The fees are built into the spread, 0.4 pips is the average spread cost during peak trading hours.|
|US mutual fund fees||-||Not available|
|Inactivity fee||Average||$10 per month after 3 months of inactivity|
Markets.com 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 Markets.com fees with its closest competitors, Capital.com and eToro.
Markets.com trading fees
We consider Markets.com'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 Markets.com.
Markets.com's trading fees are high.
Markets.com's forex fees are high.
|EURUSD benchmark fee||$25.9||$13.1||$15.6|
|EURGBP benchmark fee||$23.9||$12.4||$16.4|
Markets.com has average CFD trading fees.
Currency conversion fee
Markets.com 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: 0.6% mark-up.
Markets.com non-trading fees
When it comes to non-trading fees, Markets.com is a rather cheap broker.
Non-trading fees include various brokerage fees and charges at Markets.com that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.
Markets.com deposit fee
Usually, brokers don't charge anything for deposits, and Markets.com is no different.
Markets.com withdrawal fee
Markets.com generally doesn't charge a withdrawal fee.
|Withdrawal fee for bank transfer||$0||$0||$5|
Markets.com inactivity fee
Markets.com does apply an inactivity fee and it is $10 per month after 3 months of inactivity. Keep this in mind to avoid getting charged after a longer idle period. The fact that Markets.com charges an inactivity fee makes it less ideal for you if you are a buy-and-hold investor.
The inactivity fee charged by Markets.com is average.
|Inactivity fee||$10 per month after 3 months of inactivity||No inactivity fee||$10 per month after one year inactivity. Inactivity means that you don't log in to your account|