Equity trading fees Brokerpoint

My key findings in a nutshell

My key findings in a nutshell

Tekla Csike

Tekla is a former intern and talent acquisition specialist at BrokerChooser. She is an aspiring young professional with a master's degree in psychology. As a writer, she aims to transform the sometimes daunting complexity of a topic to an easily understandable version, so the readers can feel the pleasant experience of learning constantly.

Learn about our methodology

Tekla Csike

I've thoroughly tested Brokerpoint services with our analyst team by opening a real-money account and these are my most important findings:

• Brokerpoint doesn't offer commission-free stock trading
• Commission-free stock trading is increasingly common among stock brokers
• Commission-free stock brokers often charge users via a wider buy/sell spread

You can view stock trading fees charged by Brokerpoint in the most popular trading locations in the table below.

Data updated on December 5, 2023

At BrokerChooser, we only publish objective analyses based on live testing. Every recommendation is unbiased and based on first-hand experience: we open a live account anonymously at each broker, deposit real money and test every important feature.

If you invest often or in many different stocks at a time, your trading costs can quickly get out of hand. So how do you prevent that from happening? It's easy: choose a broker that offers commission-free stock trading. Yes, a lot of US brokers and some European brokers now let you trade stocks (or ETFs) at no cost.

You may ask, how do brokers make a profit if they offer zero-commission trading? One thing they can do is charge fees for trading other assets, such as bonds or options; or charge for various services such as currency conversion or withdrawals.

Brokers who offer commission-free trading can also profit from payment for order flow. What is payment for order flow? Brokers may receive a small payment for sending your buy/sell orders to so-called market makers - large trading entities that help execute stock trades and provide liquidity. See that small gap between the buy/sell prices of a stock? Commission-free brokers may pocket a tiny share of that difference - and may do so at your expense.

Commission-free trading apps are great, but can come with some fine print. At some brokers, US stocks are commission free but international stocks are not. Also, watch out for hidden charges such as conversion fees (for trading an asset in a currency other than yours). As a rule, a broker that charges a very small stock commission but otherwise offers a wide product selection and excellent services may be just as good for you as a zero-commission broker.

To read more about possible expenses you may face as a long-term investor, check out our summary of the most common brokerage fees.