MEXEM fees explained

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Overview of MEXEM fees and charges

When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.

If fees are your top concern, MEXEM is an OK choice, as it has average fees in general. Check our toplist for cheaper brokers.

I found MEXEM's trading fees fairly average

Krisztián Gátonyi

Forex • Market Analysis • Algo Trading

I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how MEXEM fared:

MEXEM charges low fees for trading stocks and ETFs.
There is no inactivity fee even if you leave your account idle for a long time.
The basic withdrawal fee is $0, but some transactions may cost more.
Read our full review of MEXEM for info on safety, trading platforms and funding.

MEXEM fees at a glance
Assets	Fee level	Fee terms
US stock fee	Low	$0.005 per share; min. $1, 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

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The fee structure is mixed: there is usually a volume-tiered commission, with a minimum flat fee.

Low stock and ETF commission

MEXEM stock and ETF fees by market
	MEXEM MEXEM	Saxo Saxo	DEGIRO DEGIRO
UK stock fee Estimated commission of a $2,000 trade, assuming a $50 stock price	$3.1 0.08% of trade value with a minimum of £2.5, plus £1 fee on transaction exceeding £10.000, stamp tax of 0.5%	$3.8 0.08% of trade value with £3 min., but using VIP pricing the commission can be as low as 0.03% of trade value with £3 min.	$3.4 £2.75 per trade (£1.75 commission plus a £1 handling fee)
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	$1.0 $0.005 per share; min. $1, max. 2% of trade value	$1.6 0.08% of trade value with $1 minimum, but using VIP pricing the commission can be as low as 0.03% of trade value with $1 minimum	$2.2 €2 per trade (€1 commission plus a €1 handling fee)
German stock Estimated commission of a $2,000 trade	$1.9 0.06% of trade value with a minimum of €1.8	$3.2 0.08% of trade value with €3 min., but using VIP pricing the commission can be as low as 0.03% of trade value with €3 min.	$5.3 €4.90 per trade (€3.90 commission plus a €1 handling fee)

MEXEM's stock trading fee is volume-based: it is calculated either per share or as a percentage of the trade value, with a minimum fee applied. ETF fees are the same as stock fees.

MEXEM stock and ETF fees
Currency	Commission fee	Minimum
AUD	0.12%	8
CAD	$0.01 per share*	2
CHF	0.1%	7.5
CNH	0.15%	25
EUR	0.06%	1.8
GBP	0.08%	2.5
HKD	0.12%	20
HUF	0.08%	500
ILS	0.1%	15
JPY	0.12%	200
MXN	0.15%	75
NOK	0.08%	20
PLN	0.1%	20
SEK	0.12%	20
SGD	0.12%	4
USD	0.005% per share	2.5

*US stocks have a max. rate of 2% of the order value & Canadian stocks have a max. rate of 1% of the order value.
Stamp taxes (UK=0.5%, Ireland=1%) are passed on to the client.

High margin rates

MEXEM annual margin rates
	MEXEM MEXEM	Saxo Saxo	DEGIRO DEGIRO
USD margin rate	15.3% Fed Funds effective + mark-up	- Margin stock trading is not available to most clients. Clients from Hong Kong can use margin lending.	6.9% Unallocated debit rate (USD) is 6.9%
GBP margin rate	15.2% GBP LIBOR + mark-up	- Margin stock trading is not available to most clients. Clients from Hong Kong can use margin lending.	6.9% Unallocated debit rate (GBP) is 6.9%
EUR margin rate	13.9% EONIA + mark-up	- Margin stock trading is not available to most clients. Clients from Hong Kong can use margin lending.	6.9% Unallocated debit rate (EUR) is 6.9%

High options commission

MEXEM stock index options commission
	MEXEM MEXEM	Saxo Saxo	DEGIRO DEGIRO
US stock index options Estimated commission for 10 contracts	$20.0 $2 per contract, min. $2	$20.0 $2 per contract, but using VIP pricing it can be $0.75 per contract	$7.5 $0.75 per contract
UK stock index options Estimated commission for 10 contracts	$31.3 £2.5 per contract, min. £2.5, stamp tax of 0.5%	$37.5 £3 per contract, but using VIP pricing it can be £1 per contract	- Not available
German stock index options Estimated commission for 10 contracts	$19.4 €1.8 per contract, min. €1.8	$8.1 €0.75 per contract FOR all accounts	$9.7 €0.75 per contract

No inactivity fee, no withdrawal fee

There is no inactivity, account or deposit fee. The first withdrawal each month is free of charge, while subsequent withdrawals carry a fee. The fee depends on the currency and the method used for withdrawal, e.g. for EUR wire it is €8.

MEXEM inactivity, withdrawal and other fees
Broker	Inactivity fee	Withdrawal fee
MEXEM		$0
Saxo		$0
DEGIRO		$0

Other commissions and fees

You can find MEXEM's fees for other asset classes below. Click 'Show more' for details.

Low mutual fund commission

Thousands of US mutual funds (including funds from Allianz, BlackRock and Schroder) may be purchased without a transaction fee. The commission fee is 0.1%, with a minimum fee of €5.
The minimum size of initial fund orders is $3,000, while the subsequent minimum order size is $100.
When you purchase a fund that is not in the 'free-to-buy' category, a simple price structure applies that includes all regulatory and exchange fees.

Fees for a $2,000 fund purchase
	MEXEM MEXEM	Saxo Saxo	DEGIRO DEGIRO
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	$5.4 0.1% per transaction, min. $5	$0.0 Mutual funds are available only in certain countries. The broker doesn't charge any fee for mutual fund trading.	$4.2 €3.9 and 0.2% annual administration fee

Low futures fees

Stock index futures fee for 10 contracts
	MEXEM MEXEM	Saxo Saxo	DEGIRO DEGIRO
US micro e-mini stock index futures Estimated commission for 10 contracts	$10.0 $1 per contract, min. $1	$30.0 $3 per contract, but using VIP pricing it can be as low as $1 per contract	$7.5 $0.75 per contract
UK stock index futures Estimated commission for 10 contracts	$25.0 £2 per contract, min. £2	$37.5 £3 per contract, but using VIP pricing it can be as low as £1 per contract	- Not available
German e-mini stock index futures Estimated commission for 10 contracts	$19.4 €1.8 per contract, min. €1.8	$43.2 €3 per contract, but using VIP pricing it can be as low as €1 per contract	$8.1 €0.75 per contract

High FX fees

MEXEM forex fees
	MEXEM MEXEM	Saxo Saxo	DEGIRO DEGIRO
commission per lot	5.00	-	-
EURUSD spread Usual spread in pips	0.1	0.9	- EURUSD is not available
GBPUSD spread	0.3	1.0	- GBPUSD is not available
AUDUSD spread	0.2	0.9	- AUDUSD is not available
EURCHF spread	0.3	1.5	- EURCHF is not available
EURGBP spread Usual spread in pips	0.2	1.0	- EURGBP is not available

Low bond commission

Fees for a $10,000 bond trade
	MEXEM MEXEM	Saxo Saxo	DEGIRO DEGIRO
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	$5.0 0.0015% of trade value with a minimum of $8	$21.6 0.2% of trade value with €20 min, but with VIP pricing it can be as low as 0.05% of trade value and min €20	- Not available
EU/UK government bond Estimated commission of a $10k EU or UK government bond trade	$13.9 0.15% per transaction, min. €5	$21.6 0.2% of trade value with €20 min, but with VIP pricing it can be as low as 0.05% of trade value and min €20	$3.2 €3 (€2.00 fee + a €1 handling fee)

CFD fees

MEXEM provides CFD products, but the fee for trading CFDs is not published clearly.

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