Best OTC Stock Broker For Fractional Shares In Spain 2024 - TOP 5 Comparison

Traders Union analysts have verified Interactive Brokers for hidden fees and assessed the commission level in the company. The company charges $20 for an inactive account if there is less than $2,000 on the account and $10 if there is more than $2,000. You can withdraw funds for free once a month; if you withdraw funds more often, you’ll have to pay a commission, the amount of which varies depending on the base currency of the account and the payment system.

The size of commissions for this broker varies depending on the traded instrument and for all types of accounts, ranging from 0 to 0.03% from every $1000 of turnover, plus $0.65 for each option contract. When trading medium-term and long-term US government bonds, a brokerage fee of $19.95 to $250 is charged for the entire volume of the trade. For Treasury securities maturing within a year, the commission is a maximum of $50.

To find out if the SIX Group has commissions, including implicit ones, and determine their size, the experts at Traders Union’s analyzed the conditions of the broker. The analysts found that to connect to the trading platform you have to pay a CHF 9,500 connection fee. Customers outside Switzerland are charged a fee of CHF 2650-2950 for direct connection via an access point. In addition, the SIX Group charges a one-time fee of 9,000 francs for clearing. Broker commissions per trade are CHF 0.50 per bond and CHF 0.035 per share. At the same time, upon payment of a subscription fee in the amount of CHF 10,000 to 250,000, the trading commission for all instruments is reduced to 0 CHF. The SIX Group does not charge additional fees for depositing or withdrawing funds from accounts.

Analysis of the trading conditions offered by BBP shows that the maintenance of a trading account for Luxembourg citizens is free of charge. However, for foreign customers there is a subscription fee of €3 or €15 per month, depending on the type of account. Wealth management services will cost 0.5% + 17% VAT on the investment per year. There is no commission for withdrawing funds to BBP bank accounts (including SEPA). Transferring money not via SEPA and to accounts of other banks costs from €0.75 to €5 per payment. Brokerage commissions are calculated as a percentage of the trade amount and are 2% for precious metals and 0.75% for other instruments, but not less than 50 EUR per transaction.

For each purchase or sale of an asset, the client pays a fixed fee: for online transactions with funds, it’s £3; for other assets, it’s £6; and for a phone transaction, it’s £25. If the client makes more than 4 trades per year, the fee is reduced to £1 per trade. Barclays charges a monthly subscription fee on investment accounts: for funds, it’s 0.2%; and for other instruments, it’s 0.1% (but not less than £4 and not more than £125 per month). At the end of each trading day, the value of the investments placed by the client is calculated, and then once a month (on the day the account was opened) a fee is charged. On SIPP accounts, in addition to monthly subscription fees and transaction fees, there is an administration fee of £31.25 + VAT every quarter. In addition, some ETFs and investment trusts include fees charged by fund managers to cover the costs of buying and selling the underlying investment. However, most funds do not have a down payment and the broker does not charge a withdrawal fee.