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.
AvaTrade
Ava Trade Markets Ltd · BVI FSC
Free (card, wire, e-payment); intermediary bank fees may apply
ConnextFX
Connext LLC · Registered (IBC)
No broker fee disclosed; bank or payment provider fees may apply
Finsai Trade
Finsai Trade (Mauritius) Ltd · FSC (Mauritius)
Broker advertises no hidden fees; per-method fee schedule not published
FP Markets
First Prudential Markets Limited · FSA Seychelles
No deposit fees charged by FP Markets; third-party provider fees may apply
FP Trading
FP Trading LLC · FSA (St. Vincent)
No fees charged by FP Trading; card, bank and crypto deposits. Wire deposits typically 1-3 business days
- GM
Grand Markets
GrandMarkets Limited · AOFA (Anjouan, Comoros)
No broker fee disclosed; methods vary by country and are shown in the client area
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.
FP Markets
First Prudential Markets Limited · FSA Seychelles
Converted at FP Markets' prevailing rate; no separate fee or percentage published

IC Markets
Raw Trading Ltd · FSA (Seychelles)
P/L and commission converted at IC Markets' quoted rate, which may differ from spot; no fixed percentage published
Pepperstone
Pepperstone Limited · FCA
Commission converted at spot rate into non-USD accounts; no separate conversion fee published
XM Group
XM Global Limited · FSC (Belize)
Converted at a rate XM selects, possibly with a markup set in the Spreads and Conditions Schedule; no fixed percentage published
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.
How brokers word it
Quoted from each broker's published documents, listed A to Z. Not a ranking.
AvaTrade
Ava Trade Markets Ltd · BVI FSC
Overnight premium charged at 22:00 GMT; instrument-specific rates in platform; triple swap Wednesdays on FX

Dolphin Markets
Dolphin Markets Ltd · FSC (Mauritius)
Variable swaps per instrument; schedule not published
Finsai Trade
Finsai Trade (Mauritius) Ltd · FSC (Mauritius)
Swap-free on all accounts per broker; any admin fee for long-held positions is not disclosed
FP Markets
First Prudential Markets Limited · FSA Seychelles
Swaps at 00:00 server time; triple swap Wednesday for forex and metals, Friday for indices, energies and crypto; WTI rolls instead of swapping
FP Trading
FP Trading LLC · FSA (St. Vincent)
Variable swap per instrument; swap-free Islamic accounts available

IC Markets
Raw Trading Ltd · FSA (Seychelles)
Variable swap per instrument from interbank rate differential plus IC Markets spread; triple swap Wednesday to Thursday; none on CFD futures
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
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
Connext LLC · Registered (IBC)
No Swap account: swap-free for 5 days, then a management fee applies (amount not published)
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
- GM
Grand Markets
GrandMarkets Limited · AOFA (Anjouan, Comoros)
Accounts in Muslim countries set to swap-free automatically; other terms not published

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 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.
AvaTrade
Ava Trade Markets Ltd · BVI FSC
Equity CFDs: longs credited and shorts debited 100% of gross dividend; ETF CFDs: longs credited 90%, shorts debited 100%
FP Markets
First Prudential Markets Limited · FSA Seychelles
Cash dividend adjustments on share and index CFDs (longs credited, shorts debited); other corporate actions at the broker's discretion

IC Markets
Raw Trading Ltd · FSA (Seychelles)
Share CFDs: longs credited and shorts debited on ex-dividend date; other corporate actions adjusted; margin may rise around dividends
Pepperstone
Pepperstone Limited · FCA
Cash dividend adjustment on index and share CFDs held over ex-date
XM Group
XM Global Limited · FSC (Belize)
Stock/index CFDs: dividend adjustment credits longs and debits shorts. Shares account: dividends credited net of tax after XM receives them
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.
AvaTrade
Ava Trade Markets Ltd · BVI FSC
None for WebTrader, MT4 or MT5
FOREX.com
GAIN Global Markets Inc. · CIMA
None published for Web Trading, mobile, TradingView or MT5
FP Markets
First Prudential Markets Limited · FSA Seychelles
None for MT4, MT5, cTrader or TradingView; ASX products via CHI-X A$10 per month
FP Trading
FP Trading LLC · FSA (St. Vincent)
No platform fee disclosed; VPS available

IC Markets
Raw Trading Ltd · FSA (Seychelles)
No routine platform or data fee; broker reserves the right to charge for market data with notice. VPS free only above monthly volume tiers
Pepperstone
Pepperstone Limited · FCA
None published
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.
AvaTrade
Ava Trade Markets Ltd · BVI FSC
$50 after 3 consecutive months of non-use (recurring) plus a $100 annual administration fee after 12 consecutive months of non-use
FP Markets
First Prudential Markets Limited · FSA Seychelles
$10 per month after 90 continuous days with no trading, open positions, deposits, withdrawals or login; account will not go negative
- GM
Grand Markets
GrandMarkets Limited · AOFA (Anjouan, Comoros)
No management fees on standard trading activity per broker; inactivity fee not disclosed

IC Markets
Raw Trading Ltd · FSA (Seychelles)
None (Help Centre states no inactivity fees are charged)

Orbit Global Markets
Orbit Global Markets Ltd · FSC (Mauritius)
Inactive account clause in client agreement; amount not disclosed
Pepperstone
Pepperstone Limited · FCA
None (broker states it does not charge an inactivity fee)
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.
AvaTrade
Ava Trade Markets Ltd · BVI FSC
Free; AvaTrade covers bank-transfer fees up to $100; card/e-payment 1-2 business days, wire up to 10 business days
ConnextFX
Connext LLC · Registered (IBC)
Returned to the original funding method; processed within 24 hours per broker
Finsai Trade
Finsai Trade (Mauritius) Ltd · FSC (Mauritius)
Broker advertises instant withdrawals; per-method fee schedule not published
FP Markets
First Prudential Markets Limited · FSA Seychelles
No processing fee for bank wires; intermediary and receiving bank fees are the client's responsibility
FP Trading
FP Trading LLC · FSA (St. Vincent)
No fees charged by FP Trading; payment providers may charge. Withdrawals typically 2-10 business days, returned to the original deposit method first
- GM
Grand Markets
GrandMarkets Limited · AOFA (Anjouan, Comoros)
Broker states it covers third-party withdrawal fees; funds returned to the original route in the client's name, typically 30 minutes to 3 hours
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.