Trade Markets Review: Trade Markets hidden fees? [2022]

Upfront, Trade Markets seems to have a simple payment structure; premium and free services.

Premium Services

Trade Markets’s Premium Plan includes the Lease and the Own Payment plans where users can access core trading essentials plus:

• Trader+ add-ons for Lease subscriptions.
• Trader+ and Order Flow+ add-ons for Own subscriptions.

However, these payment plans only allow users access to in-platform trading features and add-ons.

Users still have to pay minute trading fees when trading Trade Markets financial markets.

Users, understandably, might find these fees quite untasteful if encountered without any heads-up.

Therefore, here are some of the potential fees users need to know before signing up for Trade Markets.

Trade Markets fees can be safely classified into Trading and non-trading fees.

PROS	CONS
Relatively low fees	Charges more fees (quantity-wise) compared to its competitors
A one-time currency conversion fee ideal for large deposit and withdrawals	The conversion charges might not favor small traders.
Fair inactivity charges conditions	Inactivity is determined by falling short of a minimum trading limit even if traders performs other transactions on their account.

Trading fees

Trading fees are brokerage commissions, spreads, or financing rates users must pay when trading certain financial markets on Trade Markets.

Some of Trade Markets Trading fees include: 

Options Fees

Users must pay a certain commission when trading different Stock Index Options on Trade Markets.

Here is a comparison of a few Trade Markets Stock Index options fees per contract with two other Brokers.

	Trade Markets	Tastyworks	Tradestation
US Stock Index Options	*	$0.75	$1
German Stock Index Options	*	*	*
UK Stock Index Options	*	*	*

Where * represents: “YES, BUT UNAVAILABLE.”

Trade Markets Futures Fees

Trade Markets Commission for Futures market is deeply discounted compared to its peers.

Furthermore, users can enjoy even deeper discounts trading Trade Markets e-mini stock index futures.

Here’s a little comparison of Trade Markets Stock Index Futures fee per contract.

	Trade Markets	Tastyworks	Tradestation
US micro e-min stock index futures	*	$0.85	$0.5
German e-mini stock index futures	*	*	*
UK stock index futures	*	*	*

Where * represents: “YES, BUT UNAVAILABLE.”

Financing rates and leverage

Trade Markets also charges financing rates for users who prefer holding long-term positions while trading on margins.

Trade Markets Annual financing rates include:

• Apple CFD financing rate
• EURUSD financing rate
• EURGBP financing rate
• Vodafone CFD financing rate

Users should understand that as attractive as CFD leverages might seem, they are not for the weak bones. 

Instead, traders should only adopt leverage if it complements their risk management plan and trading strategy.

Trade Markets currency conversion charges:

Trade Markets only supports USD. Therefore, users depositing in non-USD currencies must front Trade Markets conversion fees.

Note: Trade Markets charges no hidden spread in currency conversion aside from a one-time  conversion fee for each conversion, regardless of the conversion volume. Currencies are exchanged at the standard current market rates.

Trade Markets charges Non-Trading Fees

Not all of Trade Markets commissions are attached with Trading; some of Trade Markets fees are attracted with:

• Withdrawals
• Deposits
• Inactivity

Trade Markets Withdrawal charges

Users must pay a few dollars when withdrawing from Trade Markets regardless of the withdrawn amount. Although some Brokerage platforms charge no withdrawal fees, Trade Markets offers users more withdrawal options.

Deposit fees

Trade Markets Charges no deposit fees. Although, depending on the selected deposit methods, some of its financial partners might attract specific charges outside of Trade Markets control.

Trade Markets deposit methods include:

• Bank Transfer
• Credit/Debit Card
• Electronics wallets.

Trade Markets inactivity fees

Some Trade Markets account holders and Premium plan subscribers might have to front certain monthly inactivity fees for failing to make any active trades.

Trade Markets spends money on maintaining the trading platforms and various other tools it provides; therefore, users not trading would invariably affect the financial service provider. To curb this, Trade Markets charges a certain monthly inactivity fee.

Trade Markets in Summary: 

Hidden fees in any online trading brokerage can be problematic and uncomfortable if they hit users unaware.

However, knowing what to expect from a trading broker would give traders better positioning in organizing their budget and hopefully help them avoid judging Trade Markets too harshly.

Trade Markets is not perfect, but it could, of course, be a lot worse.

Visit Trade Markets Official Website for More Information