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Benchmark Finance Fees and Spreads

Benchmark Finance Fees and Spreads

 

Overall Rating

4.7/5

Rated #222 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FSC

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Benchmark Finance spread and commission fees start from US Dollar 0.05 with spreads from 0.1 pips. Benchmark Finance does not charge either deposit fees or withdrawal fees when traders make use of any of the payment methods offered.

Benchmark Finance also charges an inactive fee of $50 per annum.

Finding a reputable list about Benchmark Finance Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

 

Benchmark Finance’s spreads start from 0.1 pips EUR/USD.

Benchmark Finance offers a transparent spread list along with offering commission-free trading on most financial instruments. The spreads and commissions are dependent on the type of financial instruments as well as market conditions.

Traders can expect the following trading fees:

 

  • Forex – commission-free trading, spreads from 0.1 pips EUR/USD.
  • Stocks – margin requirement from 10%, commissions from $0.05 per share.
  • Metals – spread from $0.25 in gold trading and a margin requirement from 0.5%.
  • Oil – spreads from $0.04 in oil trading and $0.01 in gas trading and a margin requirement from 1%.
  • Indices – spreads from 0.5 pips and margin requirement from 0.5%.
  • Cryptocurrencies – average spreads from 0.005 USD, professional margin requirements from 10%, and retail margin requirements from 50%.

 

Additional Trading Fees

 

When trading financial instruments such as forex, traders can often expect that overnight fees or swap fees will be charged when positions are held for longer than a trading day.

Benchmark Finance does not offer Muslim traders the option of converting a live trading account into that of an Islamic account.

Due to this, Muslim traders must ensure that any open positions are closed before the trading day concludes to avoid being subjected to swaps.

Benchmark Finance does not offer spread betting and thus spread betting fees do not apply.

 

Overall Rating

4.7/5

Rated #222 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FSC

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

Benchmark Finance does not charge either deposit fees or withdrawal fees when traders make use of any of the payment methods offered.

There is no mention of additional fees which traders may be subjected to. However, it is imperative for traders to verify the existence of any fees before they register a live trading account with Benchmark Finance.

Some of these fees include:

  • Currency conversion fees.
  • Inactivity fees.
  • Account maintenance and management fees, and others.

 

Pros and Cons

✔️ PROS ❌ CONS
Most accounts are commission-free Islamic account option not offered
Fixed and floating spreads offered
Competitive trading conditions
Deposit fees and withdrawal fees not charged

 

You might also like: Benchmark Finance Minimum Deposit

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You might also like: Benchmark Finance Account types

 

FAQ’s

 

How many instruments can I trade with Benchmark Finance?

You can trade the following financial instruments:

  • Forex
  • Stocks
  • Metals
  • Oil
  • Indices
  • Cryptocurrencies
  • Futures
  • CFD

 

Which platforms are supported by Benchmark Finance?

MetaTrader 4 and MetaTrader 5.

 

Does Benchmark Finance offer leverage?

Yes. Retail clients have access to leverage up to 1:30 while professional clients have leverage up to 1:400.

 

What spreads can I expect with Benchmark Finance?

  • Forex – spreads from 0.1 pips EUR/USD.
  • Metals – spread from $0.25 in gold trading.
  • Oil – spreads from $0.04 in oil trading and $0.01 in gas trading
  • Indices – spreads from 0.5 pips.
  • Cryptocurrencies – average spreads from 0.005 USD.

 

Does Benchmark Finance charge commission?

Yes. There are commissions charged on shares from $0.05 per share.

 

Is Benchmark Finance regulated?

Yes. Benchmark Finance is regulated by FCA, CNMV, AMF, and BaFIN.

 

Is Benchmark Finance a recommended forex trading broker for experts and beginners?

Yes. Benchmark Finance makes adequate provision for both beginners and experts.

 

What is the overall rating out of 10 for Benchmark Finance?

9/10.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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