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

MEXEM Fees snapshot
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
MEXEM fees explained

We compare MEXEM fees with its closest competitors, Saxo Bank and DEGIRO.

MEXEM fees
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.

Trading fees

MEXEM's trading fees are low.

Stock fees and ETF fees

MEXEM has low stock trading fees.

Stock fees of a $2,000 trade
MEXEM Saxo Bank DEGIRO
US stock $2.5 $10.0 $1.0
UK stock $2.8 $9.0 $3.1
German stock $2.0 $9.9 $4.9

Forex fees

MEXEM's forex fees are high.

Forex fees of a $20,000 30:1 position open, 1-week-hold, and close
MEXEM Saxo Bank DEGIRO
EURUSD benchmark fee $20.7 $14.6 -
EURGBP benchmark fee $18.6 $12.0 -

Fund fees

MEXEM fund fees are low.

A $2,000 fund buy fees
MEXEM Saxo Bank DEGIRO
Mutual fund $5.0 $0.0 $3.9
EU mutual fund - - $10.3

Bond fees

MEXEM has low bond fees.

Bond fees of a $10,000 trade
MEXEM Saxo Bank DEGIRO
US Treasury bond $5.0 $79.2 -
EU government bond $15.2 $79.2 $3.0

Options fees

MEXEM's options fees are average.

Stock index options fees of 10 contracts
MEXEM Saxo Bank DEGIRO
US stock index options $20.0 $30.0 $7.5
UK stock index options $28.3 $28.3 -
German stock index options $17.8 $39.6 $8.9

Futures fees

MEXEM's futures fees are average.

Stock index futures fee of 10 contracts
MEXEM Saxo Bank DEGIRO
US micro e-mini stock index futures $10.0 $40.0 $7.5
UK stock index futures $22.6 $33.9 -
German e-mini stock index futures $17.8 $39.6 $7.4

Financing rates

MEXEM financing rates are low.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

MEXEM yearly financing rates
MEXEM Saxo Bank DEGIRO
Apple CFD financing rate - 7.3% -
Vodafone CFD financing rate - 5.7% -
EURUSD financing rate 2.7% 3.4% -
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 fees
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.

A high level overview of how MEXEM stacks up in non-trading fees
MEXEM Saxo Bank DEGIRO
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No Yes No
Account fee No No No

MEXEM fees
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 deposit methods
MEXEM Saxo Bank DEGIRO
Bank transfer Yes Yes Yes
Credit/debit card No Yes No
Electronic wallets No No No
Deposit fee $0 $0 $0

MEXEM fees
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.

MEXEM withdrawal fees and options compared
MEXEM Saxo Bank DEGIRO
Bank transfer Yes Yes Yes
Credit/debit card No Yes No
Electronic wallets No No No
Withdrawal fee with bank transfer $0 $0 $0

MEXEM fees
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).

Author of this article

Krisztián Gátonyi

Author of this article

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

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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