BlackBull Markets non-trading fees as of September 2024
I've thoroughly tested BlackBull Markets services with our analyst team by opening a real-money account and these are my most important findings:
- Non-trading fees at BlackBull Markets are considered to be low overall
- Apart from trading fees, online brokerages usually charge non-trading fees as well
- Inactivity and custody fees are the most important non-trading fees for long-term stock investors
You can find all the non-trading fees charged by BlackBull Markets in the table below.
| Non-trading fee category | Fee amount |
|---|---|
| Inactivity fee | No inactivity fee |
| Custody fee | No custody fee |
| Conversion fee | Exchange rate received from liquidity providers plus a mark-up. We used the EURUSD trading fees for the calculation. |
| Account fee | No account fee |
| Withdrawal fee | 5 base account currency (e.g $5) for withdrawals by card or electronic wallets, and 20 account base currency (e.g. $20) for international bank transefre |
| Deposit fee | No deposit fee |
Data updated on September 19, 2024
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.
74-89% of retail CFD accounts lose money
What are non-trading fees and when are they charged?
Brokerage services are rarely completely free, and what you pay your broker can make a big difference in your investment results. Trading fees - such as the commission on a simple stock trade - are usually fairly straightforward, but there may be other fees lurking in the background. If you're a long-term stock investor, the following so-called non-trading fees are worth your attention:
- Inactivity fees are charged by some brokers if you don't use your account for an extended period; it's typically only a few dollars per month but can be higher sometimes
- Some brokers charge a custody fee for the safekeeping of your stock, ETF or bond investments; this is usually a very small percentage of the value of your current holdings
Other non-trading fees you may encounter include conversion fees (if your account and the stock you're buying are in a different currency), and withdrawal fees (for taking money out of your brokerage account). Thankfully, the vast majority of brokers no longer charge deposit fees (for putting money in your account) or account fees (just for maintaining your account).
To read more about possible expenses you may face as a long-term investor, check out our summary of the most common brokerage fees.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
- BlackBull Markets equity trading fees
- BlackBull Markets stock trading-related fees
- BlackBull Markets fractional share conditions explained
- Can you short at BlackBull Markets?
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.
