Is Passfolio free?

Passfolio 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 Passfolio 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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Passfolio fees
Overview of Passfolio fees and charges

It's safe to say that Passfolio's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.

Here's a high-level overview of Passfolio's fees

Passfolio Fees snapshot
Assets Fee level Fee terms
US stock fee Low Commission-free stock trading, but securities less than $5 cost $0.02/share
EURUSD fee - Not available
US mutual fund fees - Not available
Inactivity fee Low No account fee

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Passfolio fees
Passfolio 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 Passfolio fees with its closest competitors, Revolut and SoFi Invest.

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Passfolio fees
Passfolio trading fees

Passfolio's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).

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

Trading fees

Passfolio's trading fees are low.

Stock fees and ETF fees

Passfolio has low stock trading fees.

Stock fees of a $2,000 trade
Passfolio Revolut SoFi Invest
US stock $1.0 $7.0 $0.0
UK stock - - -
German stock - - -

Currency conversion fee

Passfolio 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: 1.45% currency conversion fee for TED transfers, a Brazilian transfers.

Margin rates

Passfolio margin rates are high.

Passfolio margin rates
Passfolio Revolut SoFi Invest
USD margin rate 9.8% - -
EUR margin rate - - -

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Passfolio fees
Passfolio non-trading fees

Some of Passfolio's non-trading fees are average.

Non-trading fees include various brokerage fees and charges at Passfolio 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 Passfolio stacks up in terms of non-trading fees
Passfolio Revolut SoFi Invest
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No No No
Account fee No No No

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Passfolio fees
Passfolio deposit fee

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

Passfolio deposit methods
Passfolio Revolut SoFi Invest
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes No
Electronic wallets No Yes No
Deposit fee $0 $0 $0

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Passfolio fees
Passfolio withdrawal fee

Passfolio generally doesn't charge a withdrawal fee.

Passfolio withdrawal fees and options compared
Passfolio Revolut SoFi Invest
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes No
Electronic wallets No Yes No
Withdrawal fee for bank transfer $0 $0 $0

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Passfolio fees
Passfolio inactivity fee

Passfolio does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

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Author of this article

Bence András Rózsa

Author of this article

Bence András Rózsa is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry specializing in stock- and CFD/forex brokers, crypto providers and robo-advisors.

Bence András Rózsa

Broker Analyst

Bence András Rózsa is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry specializing in stock- and CFD/forex brokers, crypto providers and robo-advisors.

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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