Brokers with Zero Fees on Deposits and Withdrawals
There are dozens of brokers that allow us to trade in the Forex market. All of them are in competition with each other and they all place more importance on user experience every day. Offering low transaction fees, tight spreads, advanced analysis tools and more, brokers stay one step ahead of their competitors. We often no longer have to pay fees when depositing and withdrawing funds from our broker account.
Trading forex and CFDs without unnecessary fees will increase our profitability and make us more comfortable when opening and closing a position. The fact that a broker charges a fee when depositing and withdrawing funds means we're making losses early on. In this article, we will take a look at the list of brokers that do not charge deposit and withdrawal fees.
List of Brokers with Zero Fees on Deposits and Withdrawals
As one of the largest brokers in the world in terms of trading volume, Exness offers its users spreads from 0 pips. Users can trade intuitively on both desktop and mobile devices with the help of MT4 and MT5 trading platforms. Regulated by regulators such as the CySEC and FCA, Exness has become one of the most preferred brokers by forex traders due to its flexible account types.
Exness has features such as an automatic withdrawal system. The e-Payment facility provided by Exness to users offers instant and free withdrawals. Money can be withdrawn from Exness 24/7. There are no transaction fees for any of the debit cards, wire transfers, Skrill, Neteller and other methods that can be used for deposits and withdrawals. Unfortunately, Exness does not accept traders from the EU, but traders from most other countries are welcome.
Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
Libertex is an advanced forex and CFD trading platform. Libertex unlike most CFD brokers charges instead of spreads commissions. On Libertex you can trade CFDs on ETFs, agricultural products, hard metals, stocks, energies, cryptocurrencies, indices and currency pairs. Regulated by powerful institutions such as the FSA and CySEC, Libertex charges over a 1% commission fee only for cryptocurrency trading. For other types of assets, the commissions are fairly low.
Libertex's educational resources are quite adequate even for beginners. You can even trade with mobile devices on Libertex, which supports MT4 and MT5 trading platforms. You will not pay any transaction fees or commissions on your deposits and withdrawals to Libertex.
87.8%[/sc] of retail investor accounts lose money when trading CFDs with this provider
XM, a well-established broker founded in 2009, offers investors the opportunity to speculate on over 1000 financial instruments (CFDs) including stocks, commodities, indices, energy, precious metals and currencies. The broker offers to beginner traders training materials and a demo account that does not expire.
XM offers users fast and reliable trading platforms, commission-free trading, a wide range of assets and high maximum leverage (in some countries outside of EEA). High leverage is ideal for traders looking to capitalize on their high-risk potential. With a minimum $5 deposit requirement, XM has market average spreads. XM does not charge any commissions or transaction fees on deposits and withdrawals. This well-regulated broker is licensed by CySEC, FSC and ASIC.
74–89% of retail investor accounts lose money.
Oanda is one of the most preferred brokers by investors. Established in 1996, the broker offers traders extremely low trading fees. Supporting Forex and CFD trading, the platform offers a single account type for individual traders.
Oanda offers users a demo account with unlimited virtual money. You can experience trading on all five trading platforms and test your loss avoidance strategies. The platform has webinars and events, as well as training on capital management and tools and strategies. Supporting the MetaTrader 4 platform, the broker also offers the opportunity to trade with tight spreads with its proprietary software Oanda Trade Desktop, Oanda Trade Web and Oanda Trade Mobile App.
Oanda is regulated by regulators such as MAS, FSA, IIROC, CFTC, NFA, FCA, ASIC and MFSA. With a minimum deposit requirement of $0, the broker does not charge fees for deposits and withdrawals. There are many supported payment options for depositing and withdrawing funds.
Founded in 2007, IC Markets is a reliable broker with high liquidity and really tight spreads. Allowing to trade CFDs on stocks, indices, forex, commodities, bonds and cryptocurrencies, the broker supports trading platforms MT4, MT5 and cTrader.
IC Markets has very good customer service. There are no restrictions or limitations on trade sizes, even micro lots up to 0.01 can be traded. Trading strategies can be tested using the free demo account. The broker is regulated by FSA, ASIC, CySEC and SCB.
With a minimum deposit requirement of $200, IC Markets does not charge transaction fees for any withdrawal method other than the wire transfer method. Withdrawing money from IC Markets is quick and easy. Withdrawal requests are processed on the same day.
Plus500 is a trusted CFD forex broker listed on the London Stock Exchange. Offering a wide range of investment assets, a simple account structure, low trading fees and intuitive trading platforms, Plus500 offers its users spreads starting from 0.8 pips. The number of stocks, forex pairs and cryptocurrencies listed on the platform is more than 2000.
Founded in 2008, the broker is regulated by MAS, CySEC, FCA, ASIC and FMA. Plus500's minimum deposit requirement is 100 USD or equivalent. The deposit and withdrawal methods that Plus500 provides to its users are quite diverse. It is free to deposit with all payment methods. It is free to withdraw a minimum of $100 using credit/debit cards, bank transfers, skrill and Paypal. A $10 transaction fee is charged for withdrawals below this amount.
Markets.com is a broker that offers its users the opportunity to trade CFDs on bonds, ETFs, commodities, stocks, forex, indices, and cryptocurrencies. With a wide range of assets, Markets.com supports MT4 and MT5 trading platforms. Markets.com is also listed under Playtech, which has been listed on the London Stock Exchange since 2012 and is part of the FTSE 250 Index.
Offering 24/7 service to its customers via online ticket form, phone, e-mail and live chat, Markets.com also offers a simple account-creating process. The platform offers the most comprehensive trading training, video tutorials, analysis tools and ebooks of any broker.
Markets.com is regulated and licensed by the FCA, ASIC, CySEC, FSCA and FSC. 11 fiat currencies can be deposited and withdrawn to Markets.com. Deposits with credit/debit cards are processed instantly, while deposits by wire transfer usually take a few days. Withdrawals are completed within 1 to 7 business days, depending on the method used. Deposits and withdrawals are completely free for all payment methods.
Online brokers that do not charge fees on deposits and withdrawals are great for all types of traders. Brokers offer many methods for depositing and withdrawing funds, facilitating access to financial markets and offering traders the opportunity to start trading. Methods for free withdrawals from Forex brokers often include Wire transfer, credit/debit card, cryptocurrencies, astroPay, Neteller, Skrill, Paypal, Western Union and FasaPay. Check your broker's site to find out all deposit and withdrawal fees.