Overview of MEXEM fees and charges
It's safe to say that MEXEM's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use MEXEM even in case you trade frequently like multiple times a week or daily.
Here's a high level overview of MEXEM's fees
|Assets||Fee level||Fee terms|
|US stock fee||Low||$0.005 per share; min. $2.5, max. 2% of trade value|
|EURUSD fee||High||0.005% commission, min. $5|
|US tech fund fee||Low||0.1% per transaction, min. $5|
|Inactivity fee||Low||No inactivity fee|
MEXEM fees explained
We compare MEXEM fees with its closest competitors, Saxo Bank and DEGIRO.
MEXEM trading fees
MEXEM's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).
Let's break down the trading fees into the different asset classes available at MEXEM.
MEXEM's trading fees are low.
Stock fees and ETF fees
MEXEM has low stock trading fees.
MEXEM's forex fees are high.
|EURUSD benchmark fee||$20.8||$13.7||-|
|EURGBP benchmark fee||$18.8||$11.6||-|
MEXEM fund fees are low.
|EU mutual fund||-||-||$10.3|
MEXEM has low bond fees.
|US Treasury bond||$5.0||$85.6||-|
|EU government bond||$14.0||$85.6||$3.2|
MEXEM's options fees are average.
|US stock index options||$20.0||$30.0||$7.5|
|UK stock index options||$31.0||$31.0||-|
|German stock index options||$19.3||$42.8||$9.6|
MEXEM's futures fees are average.
|US micro e-mini stock index futures||$10.0||$40.0||$7.5|
|UK stock index futures||$24.8||$37.2||-|
|German e-mini stock index futures||$19.3||$42.8||$8.0|
MEXEM financing rates are low.
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
|Apple CFD financing rate||-||7.3%||-|
|Vodafone CFD financing rate||-||5.7%||-|
|EURUSD financing rate||2.7%||3.2%||-|
|EURGBP financing rate||2.1%||2.4%||-|
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
Currency conversion fee
MEXEM 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: FX commissions are 0.05%, with a minimum of $2.50.
MEXEM non-trading fees
When it comes to looking at all the non-trading fees MEXEM is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.
Non-trading fees include various brokerage fees and charges at MEXEM 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.
MEXEM 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 MEXEM is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods MEXEM offers.
MEXEM withdrawal fee
Unlike some online brokers we have reviewed MEXEM 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.
|Withdrawal fee with bank transfer||$0||$0||$0|
MEXEM inactivity fee
MEXEM does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).