Best Stock Broker For Beginners In Pakistan 2024 - TOP 5 Comparison

During our analysis of trading conditions, it was found that Revolut limits the number of trades without commissions. Depending on the account type, 1-5 transactions per month are free. There is a monthly subscription fee of £2.99-£12.99 on different accounts, which can be reduced by 20% if you pay in advance for a year. The broker charges a fee of 1 USD for additional orders. Since stocks listed on American exchanges are offered for investment, the fees are calculated in USD and then the funds are converted to the account currency at the current exchange rate. For transactions in cryptocurrency, the commission is 1.5-2%, and for transactions in precious metals, it’s 0.5-1.5% of the transaction volume. The amount of interest depends on the selected trading account. No additional hidden commissions were revealed.

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.

Regardless of the account balance and the number of securities purchased, Ameritrade does not deduct fees from clients for trading in US stocks, domestic and Canadian ETFs, and options. Options trading is charged a fee of $0.65 per contract. Futures and options futures carry a commission of $2.25 per contract (plus exchange and regulatory fees). OTC trades that include non-US stocks are subject to a $6.95 fee. TD Ameritrade does not charge a fee to open an account, platform provision, market data supply, inactivity, deposit, or the withdrawal of funds.

Experts at Traders Union specialists analyzed Advantage Futures LLC to find out what fees a broker charges for trading and non-trading actions of clients. It turned out that Advantage Futures charges a fee exclusively for the execution of trades, and the amount of the fee depends on the volume of trade. If the trading volume is from 0 to 100 contracts, the fee per contract is $0.99,; with a volume from 101 to 1000, the — a fee is $0.69,; with a volume from 1001 to 2000, the — a fee is $0.49,; with a volume from 2,001 to 5,000, the fee — a fee is $ 0.29,; with a volume from 5,001 to 10,000, the — a fee will be $0.19. If the trading volume exceeds 10,001 contracts, the fee will be $0.07.

Zacks Trade charges trading commissions and also a non-trading withdrawal fee, starting from the second withdrawal (no fee is charged on the first withdrawal of the month). The amount of trading commissions depends on the type of asset and the selected market. For trading US stocks and ETFs worth over $1, the broker charges USD 0.01 per share (but no less than $1), worth less than $1 – 1% of the trade (but no less than $1). Commissions on foreign stocks are calculated in the account currency. As is with the US stocks, there is a minimum commission. For the trades on Canadian stocks, Zacks Trade charges CAD 0.02 per share. For trading stocks of other countries, a percentage of the trade value is charged: 0.3% for Mexico and Australia, 0.1-1% - Europe, 0.05-0.3% - Asia. Commissions on options are as follows: $1 for the first contract, $0.75 for the following contracts, no fees are charged on execution and assignment. For the trade on mutual funds (over $1 per share), the investors pay $27.50, corporate bonds – 0.1% of the nominal value +$3 per bond. For currency conversation for the securities traded at the international exchanges, a $2-2.5 commission is charged.