Price Markets Fees and Spreads

 

A Price Markets fees and spreads Review

 

Price Markets Fees and Spreads

 

Price Markets fees spreads and commissions start from $3.5 per lot with spreads from 0.0 pips.

Price Markets has a low and incredibly competitive spread when compared to what other brokers offer by offering a typical spread list which starts from 0.0 pips along with commissions charged from $3.5 per lot using the Standard Account.

 

Price Markets trading fees are according to the type of account that the trader chooses and the options along with the spread list, leverage, minimum deposit required, and commissions are as follows:

  • Standard Account – minimum deposit of $5,000, leverage up to 1:30 and commissions charged at $3.5 per lot/per side on Forex and commodities.
  • FIX API Account – minimum deposit of $50,000, leverage up to 1:200 and commissions from as low as $8 per million USD commissions. This account is only available to Elective Professional traders.

 

The minimum deposit that Price Markets requires to open an account is $5,000 which is substantially higher than what other brokers offer with similar trading conditions.

 

Other Fees

 

Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.

Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.

There is no indication of whether Price Markets offers the option of an Islamic account to traders who are of Muslim faith and who operate under the Sharia Law.

Price Markets does not offer traders with spread betting and therefore spread betting fees are not applicable to this broker.

 

Broker Fees

 

Price Markets charges deposit fees as well as withdrawal fees on certain payment methods.

 

The fees pertaining to deposits and withdrawals are as follows:

  • Skrill – Deposits and withdrawals are charged at 4.00%. Non-EU withdrawals are charged at 7.00%.
  • Bank Wire Transfer (Allied Irish Bank) – Deposits are charged at £15, €20, or $25 and withdrawal fees are not charged when using this payment method.
  • CardPay – Deposits are charged at 3.50% and withdrawal fees are not charged.

 

There is no indication of whether Price Markets waives any additional broker fees such as inactivity fees or fees pertaining to account maintenance and management. Traders will have to verify any additional fees with Price Markets before opening an account.

 

Pros and Cons

 

PROS CONS
1.      Tight and competitive spreads 1.      High minimum deposit
2.      Fixed commissions on trades 2.      Deposit fees charged on all payment methods
3.      Low commissions when compared to other brokers 3.      Withdrawal fees charged when using Skrill

 

FAQ

 

How many instruments can I trade with Price Markets?

You can trade the following instruments:

  • Indices
  • Commodities, and
  • Forex

 

Which platforms are supported by Price Markets?

Price Markets provides the following popular trading platforms:

  • MetaTrader 4
  • API

 

Does Price Markets offer leverage?

Yes.

Traders have access to leverage up to 1:30 when using the Standard Account, and 1:200 when using the FIX API Account.

 

What spreads can I expect with Price Markets?

Spreads from as little as 0.0 pips.

 

Does Price Markets charge commission?

Yes.

Commissions are charged at $3.5 per lot when using the Standard Account, and $8 when using the FIX API Account.

 

Is Price Markets regulated?

Yes, Price Markets is regulated by the highly reputed FCA in the UK/

 

Is Price Markets a recommended forex trading broker for experts and beginners?

Yes, Price Markets is suitable for both beginner and expert traders.

 

What is the overall rating out of 10 for Price Markets?

8/10

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