BrokerBazaar Tools

Broker Fee Decoder

Every confusing charge, explained in plain English. No login, nothing about you is collected.

Wording from 17 brokers with a published fee schedule we have checked, for the entity that serves international clients.

Deposit fees

A charge for adding money to your trading account.

When it applies
Each time you fund the account. Many brokers do not charge for deposits, but your bank, card issuer or payment app may still apply its own fee.
What to check
Whether the fee differs by method (card, bank wire, e-wallet, crypto) and whether third-party fees are passed on.

How brokers word it

Quoted from each broker's published documents, listed A to Z. Not a ranking.

Currency conversion

The cost of turning one currency into another inside your account.

When it applies
When you deposit in a currency other than your account currency, or when profits, losses and commissions on an instrument are booked in a different currency.
What to check
The mark-up over the market rate, usually stated as a percentage, and whether it applies on deposits, trades or both.

How brokers word it

Quoted from each broker's published documents, listed A to Z. Not a ranking.

Overnight financing (swaps)

An interest adjustment on positions held past the daily rollover, also called swap or rollover.

When it applies
Every night a leveraged position stays open past the broker's cut-off, usually 5pm New York time. One weekday, often Wednesday, charges three nights.
What to check
The long and short rates for your symbol, which day is the triple-swap day, and whether rates are quoted in points or money.
Estimate it with the Swap Calculator

How brokers word it

Quoted from each broker's published documents, listed A to Z. Not a ranking.

Swap-free admin fee

A fixed charge that can replace swaps on Islamic or swap-free accounts.

When it applies
After a position on a swap-free account stays open for a set number of nights, on some brokers and some instruments only.
What to check
How many free nights you get, which instruments are covered and how the fee is calculated per lot.

How brokers word it

Quoted from each broker's published documents, listed A to Z. Not a ranking.

  • AvaTrade

    AvaTrade

    Ava Trade Markets Ltd · BVI FSC

    No overnight fee for up to 5 days; daily admin fees on FX positions after that (amounts not published) plus wider FX spreads
  • ConnextFX

    ConnextFX

    Connext LLC · Registered (IBC)

    No Swap account: swap-free for 5 days, then a management fee applies (amount not published)
  • FP Markets

    FP Markets

    First Prudential Markets Limited · FSA Seychelles

    Symbol-specific admin fee in USD per lot per night after the grace period (5 nights on most instruments, none on some). Examples: EURUSD $6, GBPUSD $3, XAUUSD $50, USDJPY $15 per lot per night
  • Grand Markets

    GrandMarkets Limited · AOFA (Anjouan, Comoros)

    Accounts in Muslim countries set to swap-free automatically; other terms not published
  • IC Markets

    IC Markets

    Raw Trading Ltd · FSA (Seychelles)

    Flat holding fee per lot per calendar day after a grace period (most instruments 5 days; USDJPY/GBPJPY 2 days; XNGUSD/XTIUSD/XBRUSD none). Examples: EURUSD $3, GBPUSD $2, USDJPY $9, XAUUSD $12 per lot per day
  • Orbit Global Markets

    Orbit Global Markets

    Orbit Global Markets Ltd · FSC (Mauritius)

    Swap-free on all accounts, subject to approval

Corporate-action adjustments

Cash adjustments on share and index CFDs when the underlying pays a dividend or similar event.

When it applies
On the ex-dividend date. Holders of a short position are usually debited; long holders may be credited.
What to check
Which instruments are affected and whether withholding tax is deducted from credits.

How brokers word it

Quoted from each broker's published documents, listed A to Z. Not a ranking.

Platform and market data

Subscriptions for premium platforms, tools or live exchange price feeds.

When it applies
Monthly, often only for share CFDs, real-time exchange data or third-party platform add-ons. Basic MT4 and MT5 access is usually included.
What to check
Which feeds are charged, whether the fee is waived above a trading volume, and how to cancel.

How brokers word it

Quoted from each broker's published documents, listed A to Z. Not a ranking.

Inactivity fee

A periodic charge on accounts that have not traded or logged in for a while.

When it applies
After a stated dormant period, commonly 3 to 12 months, and then monthly until you trade again or the balance reaches zero.
What to check
The trigger period, what counts as activity (trading, logging in, depositing) and whether it can take the balance below zero.

How brokers word it

Quoted from each broker's published documents, listed A to Z. Not a ranking.

Withdrawal fees

A charge for taking money out of your trading account.

When it applies
Each withdrawal, sometimes only after a number of free withdrawals a month or below a minimum amount.
What to check
The fee per method, any minimum withdrawal, processing time and whether intermediary bank fees are added.

How brokers word it

Quoted from each broker's published documents, listed A to Z. Not a ranking.

For information only. Broker wording is quoted from published documents on the date shown and can change at any time. Fees may differ by entity, account type and country. Always confirm the latest terms with the broker. Not investment advice.

Your inputs live only in the page address once you change them.

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