FXTM non-trading fees as of September 2024
I've thoroughly tested FXTM services with our analyst team by opening a real-money account and these are my most important findings:
- Non-trading fees at FXTM 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 FXTM in the table below.
| Non-trading fee category | Fee amount |
|---|---|
| Inactivity fee | $5 per month after 6 months of inactivity |
| 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 | $3 for credit card, $20-$40 for bank transfer, $0 for Neteller and Skrill |
| Deposit fee | Free deposit |
Data updated on September 20, 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.
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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
- FXTM inactivity fee
- FXTM equity trading fees
- FXTM stock trading-related fees
- FXTM non-trading fees overview
- Can you short at FXTM?
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.
