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comparefx.co · Michalvi Empire LTD (HE 493986) · Updated: July 2026 · Independent editorial

Hidden fees in EU forex spreads: a quick audit checklist for new traders

Editorial independence: comparefx.co earns a referral commission when you sign up via links on this page. This does not influence our analysis. Published by Michalvi Empire LTD (HE 493986), Cyprus. This is not financial advice.

Before you open an account, work through these ten checks with the broker's fee schedule open in another tab. Tick each one off as you confirm it — most answers take under a minute to find. Want the fuller explanation of each fee first? Read our hidden broker fees guide, then come back here to audit your shortlisted broker.

The 10-point audit

Tick each box as you confirm it in the broker's own fee schedule.

Some brokers add a markup on top of the raw interbank spread. The advertised "from 0.1 pips" figure is not always what you get during normal trading hours.

Ask: does the live spread on my pair match the advertised figure?

Raw-spread accounts often charge a separate commission, typically around $3.50 per lot per side. Add spread + commission together to get the real cost.

Ask: what is the total of spread plus commission on my typical trade size?

Holding a position past rollover time triggers a swap charge or credit. These vary by broker and by direction (long vs short) and are almost never shown next to the spread.

Ask: what is the swap rate on the pairs I plan to hold overnight?

If your account currency differs from your deposit currency or the pair you trade, conversion can carry a 0.5–1% markup each way.

Ask: can I open the account in my own currency, and what is the conversion markup if not?

"Free withdrawals" can still come with conditions — a flat fee on certain methods, a fee below a threshold, or charges after a set number of free withdrawals per month. Bank wire withdrawals can carry a €15–€30 charge.

Ask: what does it cost to withdraw via my preferred method?

Most brokers don't charge to deposit, but some do on specific methods such as cards or certain e-wallets — usually buried in a payments help page, not the main fee schedule.

Ask: is there a fee on the deposit method I plan to use?

Many brokers apply a monthly fee — often around €10 — once an account has been dormant for 3–12 months. Beginners who test a broker and step away are hit by this most often.

Ask: is there an inactivity fee, how much, and after how long?

Some brokers charge separately for premium charting packages, live market data, or research subscriptions that other brokers bundle in for free.

Ask: does the account tier I'm opening include full platform and data access?

Certain account types or add-on services (managed accounts, dedicated support tiers) can carry an ongoing management fee.

Ask: does my account type carry any recurring management fee?

Minimum lot sizes, margin call rules, and account-tier fine print can differ from the flagship tier used in the broker's marketing. Confirm the terms attached to the specific account you will actually open.

Ask: do these fees and terms apply to the exact account type I am opening — not the marketing tier?

0 / 10 checked

Quick reference: where each fee hides

FeeWhere to lookTypical range
Swap / overnightContract specifications pageVaries by pair and direction
InactivityFees / terms page~€10/month after 3–12 months
WithdrawalPayments help page€0–€30 depending on method
Currency conversionAccount settings / FAQ0.5–1% markup
CommissionAccount-type comparison~$3.50/lot per side on raw accounts
The one-minute test: before depositing, open the broker's full fee schedule and search it for "inactivity", "withdrawal", "conversion", and "swap". If any of these are hard to find or vaguely worded, treat that as a warning sign.

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Frequently asked questions

What is the difference between this checklist and the hidden broker fees article?
This page is an interactive tick-box tool to audit a specific broker before opening an account. Our hidden broker fees article explains each fee in more depth as a narrative guide — read that to learn, use this page to act.

How long does this audit take?
About 5–10 minutes per broker if you have their fee schedule open in another tab.

This checklist is for educational purposes and does not constitute financial advice. Always verify current fees directly with the broker before depositing funds. Individual results vary.