Top 5 Brokers - Lowest Costs/Fees for Online Trading

Trading with zero fees? Here is the ranking of brokers with the lowest commissions in the world.

Low commissions for trading, minimal fees on deposits/withdrawals, and reduced spreads. Which of these brokers is the most advantageous?

Costs in online trading

Everything in the world has a cost, and just like in other sectors, investors in online trading will have to incur expenses to be able to trade. This factor drives traders to constantly search for a broker that offers:

• Favorable trading conditions for investments.
• Reduced or even completely absent trading commissions.
• No fees on deposits and withdrawals.
• Competitive and affordable spreads.

Avoiding excessive expenses in trading represents a significant advantage for traders. Because anything not used to pay various commissions can be invested. As a result, a higher trading volume increases the chances of earning profits. A broker that offers favorable trading conditions with low or zero commissions allows the trader to structure more effective trading strategies, as the client does not have to worry about the costs associated with the selected product or the made deposit.

To effectively reduce costs, with the goal of maximizing profits without incurring substantial commissions, most traders take the following actions:

Carefully compare the commissions offered by various brokers.

Each broker implements its own specific policy on managing expenses. Furthermore, commissions usually vary depending on the trading conditions and the type of account used for trading. Knowing these aspects in detail is essential to invest without concerns.

Create well-structured trading strategies.

Both spreads and trading commissions vary based on the type of investment made. For example, scalping involves higher commissions and spreads compared to day trading, so creating less costly strategies relative to the potential profits generated could be a good idea.

Closing positions at the end of each session.

Leaving positions open at the end of a session incurs a cost known as a swap. To minimize this additional expense, the trader should close positions at the end of each session.

Usually, the trading costs that a trader will have to pay vary depending on the market and the instrument selected for trading. The costs that a trader must incur to trade are not regulated. Each broker implements its own management policy, primarily based on market trends. Therefore, it is easy to deduce that some brokers may offer low-cost trading, while others, more demanding, may decide to charge higher commissions. Just like trading commissions, the costs for making deposits and withdrawals, in most cases, also vary depending on the chosen broker for trading.

Another cost that every trader must face to trade in the markets is the spread. In summary, the spread is the cost incurred for the services provided by the broker and represents a charge applied at the opening of a position. Unlike commissions, spreads are variable expenses. Therefore, in the case of commissions, the trader can determine in advance the cost to be incurred, while with spreads, they must first decide the amount of investment to be implemented.

Another characteristic that distinguishes spreads and commissions is as follows:

• The trader pays spreads upon closing a sale.
• Commissions must be incurred on each transaction.

Generally, the types of commissions that a trader should or must incur to trade in markets worldwide, using a financial intermediary such as an online broker, are as follows:

Swap.

Swap is an interest rate that the trader earns or pays to keep positions open overnight. Swap commissions vary depending on the underlying interest rates of the currencies involved and are calculated differently based on the reference market. Widely used in Forex, swap represents the interest rate difference between the two traded currencies. As the broker is the counterparty in the transactions, they earn the difference between the two prices. It is applied once a day during the rollover phase (usually at 00:00 CET) and only if positions last more than one day.

Spread.

The spread represents the difference between the bid and ask price of a financial product. The broker automatically charges this commission on each trading position. It is advisable to carefully review the spread charts of a trusted broker before starting to invest. Some brokers offer their clients reduced spreads to minimize costs as much as possible. This is a very useful incentive for novice traders. Spreads offered by brokers can be fixed or variable. Fixed spreads are predetermined and do not change, and each trader can find out the amount through their platform’s pricing. On the other hand, variable spreads change based on various factors such as market volatility, trading volume, type of financial instrument, etc. Calculating the spread is relatively simple: purchase price – sale price.

Currency Conversion.

The conversion commission is applied when currency exchanges are made. For example, if a trader decides to invest outside the euro area, they will need to make a currency exchange, which incurs a cost. Some brokers charge a currency commission if the base currency of the account is different from the one used for making a deposit.

Inactivity Fees.

A fee that every trader will have to face if they do not trade for a certain period of time. The fee varies depending on the broker chosen for trading.

Trading Commission.

A commission charged by the broker based on the investment made. The cost incurred can be a percentage of the invested amount or a fixed fee.

Account Maintenance Fee.

These are the general costs that every trader will have to bear for the services provided by the broker. The trader can choose to pay them on a monthly, quarterly, semi-annual, or annual basis. The commission varies from broker to broker.

Several online brokers operate on the web, and each of them offers trading conditions and expenses to be incurred. Evaluating and choosing which one among them is the most advantageous is the objective of every trader. Some brokers, in order to provide a trading experience focused on maximizing traders’ profits, offer zero-cost trading. No additional charges for the clients, who can invest their capital without worrying about trading commissions or withdrawal and deposit costs.

But in reality, which broker offers truly advantageous trading conditions and commissions? How many of them provide transparent information on the amount of expenses to be incurred for trading? In this article, we will present five of the best financial brokerage firms (brokers) with the lowest (but above all, transparent and easily calculable) commissions offered worldwide for online trading.

BDSwiss

BDSwiss is a relatively young regulated broker. Founded in 2012, it has immediately gained excellent reputation due to its high-quality services and available trading conditions. Today, BDSwiss is a leader in the industry, offering cutting-edge tools and services, as well as a wide range of underlying CFD products (divided into 6 asset classes including forex, indices, stocks, cryptocurrencies, and commodities). This allows over one million clients worldwide to invest with highly advantageous and sought-after trading conditions. The broker handles commissions and various fees with utmost transparency, giving each client the ability to accurately know the cost of each operation.

A crucial factor in choosing a trusted broker is transparency. Regardless of the excellent services offered or the affordability of commissions, clarity and ease of understanding regarding the expenses are qualities that are not very common, almost rare. Every trader has the right to know how much and why they are paying, so they can decide if and how to invest. If you are looking for a regulated broker that values clarity and honesty, then BDSwiss is the answer you’ve been searching for.

BDSwiss is clearly a broker that has nothing to hide. The official website includes an entire section dedicated to commissions and expenses in general. Everything is described in detail, with no overlooked details.

Please note that the broker is not responsible for any currency conversion fees charged by the client’s bank.

Invest in Cryptocurrency with BDSwiss

Traders can access information regarding the fees for trading at any time through the constantly updated pages on the official website. Additionally, to provide traders with expense management tailored to their trading style, the broker offers various solutions based on the selected account type.

Indeed, to meet the needs of any type of investor, each account has different features. The available accounts are: Cent, Classic, VIP, and Raw. By consulting the table below, you can understand which account is most suitable for your style.

Invest in Cryptocurrency with BDSwiss

AXI

AXI is a strictly regulated online broker, considered an undisputed leader in the industry both for the quality of the services offered and the resulting benefits. In addition to allowing traders of all categories to trade with tight spreads, lightning-fast execution, technologically advanced tools, and an award-winning support team, AXI provides trading conditions that few others can offer.

The effectiveness of trading operations also depends on the quality of support that a broker can provide, and AXI’s customer service is undoubtedly one of the best in the world. In addition to having an award-winning support team, clients can rely on personalized service by consulting their own Relationship Manager. This professional ensures full support for traders to achieve their goals.

Costs Incurred.

The broker ensures low latency, significantly reducing the possibility of slippage. This minimizes trading costs compared to a standard connection. Additionally, minimal spreads, no deposit and withdrawal fees, and starting commissions from zero allow traders to manage their investments effectively.

Instant Updates.

Low latency guarantees quick system updates, allowing the broker to offer real-time prices even during significant events (e.g., elections) characterized by high volatility and/or low liquidity.

Zero Interruptions.

The broker does not use unreliable technologies, and since the AXI pricing engine connects directly to over 20 liquidity sources, traders can access more reliable prices transmitted faster and with greater depth.

Cutting-Edge Services and Tools

AXI offers its clients the opportunity to invest in a wide range of products, including forex, indices, stocks, commodities, and cryptocurrencies, with a maximum leverage of up to 1:500 and spreads starting from 0.0 pips.

Excellent Customer Service.

An award-winning team of professionals provides support to over 42,000 clients in 100 countries, 24/7.

Invest at Low Cost with AXI

Knowing the fee structure of your trusted broker is essential for trading. Despite offering low-cost trading with highly advantageous trading commissions and general expenses, AXI allows traders to have detailed knowledge of each expense they may face, both through accessing their client area and consulting the support team, which provides comprehensive information on any expense.

• AXI offers commission-free trading, as all expenses are included in the spreads. Regarding cryptocurrencies, traders will incur costs to maintain positions overnight. Additionally, there may be spread markups that vary depending on the selected cryptocurrency instrument.
• Clients can deposit funds at no cost using a wide range of payment methods. However, if the deposited funds exceed the monthly limit of $50,000, a 3.0% commission will be applied.
• Free withdrawals for amounts above $50. It’s important to note that the broker has no control over any fees imposed by the client’s bank.
• If a trader’s account remains inactive for an extended period, AXI will charge a monthly inactivity fee of $10 until the deposited funds are exhausted.

Invest at Low Cost with AXI

Trading conditions and incurred commissions may vary depending on the selected account. AXI offers traders three types of accounts: Standard Account, Professional Account, and Elite Account.

Invest at Low Cost with AXI

AximTrade

Another popular regulated broker among traders is AximTrade. It is a financial brokerage firm considered a leader in the industry, which not only provides impeccable service, cutting-edge solutions, and extremely competitive trading conditions to its clients but also operates based on three fundamental principles: honesty, reliability, and transparency.

To incentivize and support its clients’ trading activities, the broker offers numerous promotional offers. Among these, the most unique one is undoubtedly the opportunity to use “infinite” leverage. To access this initiative, traders must have a verified account, trade a minimum of 5 standard lots, and open an “infinite leverage” account. By opening the account and utilizing unlimited leverage, traders can significantly increase the volume of their trading positions and consequently have greater profit potential.

In short, AximTrade is a respected broker that consistently invests significant resources to provide a beneficial and reliable trading environment.

Transparency, Honesty, and Reliability.

A strictly regulated broker recognized globally that offers a transparent service without any hidden clauses. Clients can find all the information they need by visiting the official website or contacting the efficient support team, which is practically always available.

Extremely Low Spreads and Competitive Commissions.

By partnering with top-tier liquidity providers, the broker ensures the best market prices and some of the most advantageous spreads offered worldwide. In addition to the benefits of low spreads across all account types, traders do not have to pay any commission for their trades, except for ECN account holders.

Efficient Support Team.

A multilingual support team available 24/7 composed of highly qualified personnel. This service is essential to support traders at any time.

Secure Funds.

The broker keeps clients’ funds in separate accounts from its own. Furthermore, thanks to the “negative balance protection” feature, clients cannot lose more than what they have deposited.

Low Minimum Initial Deposits.

Another guarantee of a transparent broker. Aximtrade does not require new traders to make substantial initial deposits. In fact, every trader can start trading with deposits as low as $1 for cent and standard accounts and $50 for ECN accounts. This allows clients to get to know and test both the markets and the services offered before depositing larger amounts.

Invest Safely with AximTrade

As mentioned earlier, the broker offers not only convenient but also advantageous trading. Fee-free deposits and withdrawals (except for certain payment methods), zero trading commissions, and low spreads create a perfect mix for investing without being intimidated by high trading costs. Additionally, traders can obtain detailed information about trading costs by contacting the support team or visiting the official website and clicking on “tools and specifications.” On that page, clients can find specific trading conditions for each offered instrument.

Invest Safely with AximTrade

Trading conditions and costs vary depending on the selected account for investing. The following table provides detailed information about the features of each account offered by the broker. Traders can choose the most suitable account based on their needs and also consider the associated commissions.

Invest Safely with AximTrade

FXOpen

FXOpen is a globally regulated broker that offers its brokerage services worldwide. Established in 2005, FXOpen has evolved over the years through continuous updates and has become one of the most popular brokers in the world, known for its high-quality services and extremely favorable trading conditions.

The broker’s main objective is to create a professional, secure, and easily accessible trading environment for all categories of traders. By focusing on the needs of its clients, the broker constantly seeks practical and convenient solutions to support traders in their journey.

Moreover, the broker places great emphasis on full transparency regarding the services offered. Every trader can obtain detailed information about all aspects of the trading conditions. Being clear with clients is the first step towards building a long-lasting and beneficial relationship of trust.

As a broker aiming to provide cutting-edge services that keep up with the times, FXOpen was the first to offer ECN trading through the award-winning MetaTrader 4 platform. Additionally, utilizing advanced price aggregation technologies, FXOpen offers its clients some of the most competitive spreads in the industry and advantageous trading commissions.

• Absolute pioneer in the industry for offering cryptocurrency trading with Bitcoin, Litecoin, Ethereum, Ripple, Monero, EOS, NEO, Bitcoin Cash.
• A range of account types suitable for any category of trader: ECN, STP, Crypto, Micro.
• Minimal spreads, starting from 0 pips.
• Opening an account does not require large deposits; the minimum deposit starts from $1.
• Cutting-edge price aggregation through ECN technology.
• Maximum leverage up to 1:500.
• Wide range of easy, secure, and fast payment methods for deposits and withdrawals.
• Extensive network of offices and regional representatives.
• Extremely professional customer support service available at all times for any assistance.
• Latest economic news, professional market analysis, and a Forex calendar.
• Monthly and daily account statements.

Low-Cost Trading with FXOpen

As for the trading costs, the broker not only offers cost-effective solutions but also ensures clarity in every aspect. On a dedicated page of the official website, FXOpen provides detailed information about all the commissions, categorized by account type, invested amount, and CFD instrument. Transparency is an essential aspect for establishing an honest and trustworthy relationship.

In summary, for STP accounts, all trading commissions are included in the spreads (excluding cryptocurrency investments), while the trading costs for ECN accounts are described in detail based on the invested capital and the instrument being traded. In some cases, the higher the invested amount, the lower the commissions.

For more information, please visit the official website and contact the support team.

Low-Cost Trading with FXOpen

As mentioned, the available trading conditions vary depending on the chosen account type for investment. Below are the main features of each account offered by the broker. By consulting the table, traders can decide which account suits their style and investment strategy.

Open a new account and invest with FXOpen

Just like trading costs, deposit and withdrawal fees are not only affordable but also transparent. Traders can be fully informed about every aspect of the payment method they typically use to fund their accounts:

Deposits

Deposit at low cost and invest with FXOpen

Withdrawals

Risk-free withdrawals with FXOpen

PU Prime

PU Prime is a broker that understands the challenges traders face every day. In addition to offering numerous investment opportunities, the markets present many pitfalls to consider. Therefore, the broker devotes significant resources to providing a versatile and intuitive trading environment, a wide range of tools, and extremely favorable trading conditions. Complete transparency on every aspect ensures that traders of all experience levels can effectively manage their trades and navigate the markets to the best of their abilities.

• Highly qualified support team available 24/7 in over 120 countries and 18 different languages.
• Strictly regulated broker that manages client funds in segregated accounts from the company’s own.
• Among the lowest spreads in the industry, which can go as low as 0.0 pips.
• Transparent pricing and fast, efficient trade execution.

As for general costs and trading commissions, the broker allows trading with spreads starting from 0.0 pips, zero trading commissions, and zero deposit fees. By minimizing costs, traders have more funds available for investment, a policy that the broker consistently implements to support its clients.

Invest at a low cost with PU Prime

Invest at a low cost with PU Prime

Trading conditions and incurred commissions vary depending on the selected account. The next table will describe all the key features of each individual account. Interested traders can decide which one is most compatible with their trading style.

Open a real account and invest with PU Prime

As for deposits and withdrawals, the broker offers a wide range of payment methods. By making a deposit with any of the available methods, the trader will not incur any costs. The same applies to withdrawals, except for a small commission for some payment methods:

By consulting the complete list of available payment methods on the official website, every trader can learn the details of each method chosen for conducting transactions.

Deposit at zero cost and invest with PU Prime