Is Markets.com free?

Markets.com 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 Markets.com 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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Markets.com fees
Overview of Markets.com fees and charges

When it comes to brokerage fees, Markets.com is a mixed bag. To see how they may affect you, first you need to figure out your approach to trading - i.e. whether you are more of a buy-and-hold investor or if you want to trade frequently; or what type of assets and in what volumes you'll want to trade. Alternatively, use our questionnaire to help you tell whether Markets.com fees are beneficial for you. Continue reading about Markets.com fees and charges to see if this is the right broker for you, or if a similar broker like FXTM or FP Markets might suit you better.

Here's a high-level overview of Markets.com's fees

Markets.com Fees snapshot
Assets Fee level Fee terms
US stock fee - Free commission for the first 3 months, then $0.02 per share (minimum $15)
EURUSD fee Average 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

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Markets.com fees
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, FXTM and FP Markets.

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Markets.com fees
Markets.com trading fees

Markets.com's trading fees are mixed, which means that some asset classes come with high trading fees - be sure to check these carefully.

Let's break down trading fees according to the different asset classes available at Markets.com.

Trading fees

Markets.com's trading fees are average.

Stock fees and ETF fees

Markets.com has stock trading fees.

Stock fees of a $2,000 trade
Markets.com FXTM FP Markets
US stock $15.0 - -
UK stock $11.2 - -
German stock $12.0 - -

Forex fees

Markets.com's forex fees are high.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
Markets.com FXTM FP Markets
EURUSD benchmark fee $11.5 $8.3 $5.7
EURGBP benchmark fee $13.9 $9.8 $6.6

CFD fees

Markets.com has average CFD trading fees.

CFD fees and commissions on a $2,000 trade
Markets.com FXTM FP Markets
Apple CFD $5.4 $16.2 $15.2
Vodafone CFD $15.4 - $14.3
Germany $4.6 - $11.9

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Markets.com fees
Markets.com non-trading fees

Some of Markets.com's non-trading fees are average.

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.

A high-level overview of how Markets.com stacks up in terms of non-trading fees
Markets.com FXTM FP Markets
Withdrawal fee $0 $3 $0
Deposit fee $0 $0 $0
Inactivity fee Yes Yes No
Account fee No No No

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Markets.com fees
Markets.com deposit fee

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

Markets.com deposit methods
Markets.com FXTM FP Markets
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Deposit fee $0 $0 $0

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Markets.com fees
Markets.com withdrawal fee

Markets.com generally doesn't charge a withdrawal fee.

Markets.com withdrawal fees and options compared
Markets.com FXTM FP Markets
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee for bank transfer $0 $3 $0

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Markets.com fees
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.

Markets.com FXTM FP Markets
Inactivity fee Yes Yes No
Inactivity fee $10 per month after 3 months of inactivity $5 per month after 6 months of inactivity 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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