Which brokers charge no deposit or withdrawal fees?
Verdict
- Pepperstone is our pick: every deposit method on its international site is free, and its withdrawals table lists every method as free too, though its costs page mentions $20 for an international bank wire.
- XS says it charges no internal deposit or withdrawal fees, but reserves the right to charge up to 3% where an account has had no trading activity or it suspects abuse.
- CMC Markets says it does not charge for card or standard bank withdrawals.
- Fees outside the broker's control, such as intermediary bank charges and currency conversion, can still apply.
Most large CFD brokers no longer charge to deposit, so the differences show up on the way out: wire fees, conditional charges and slow methods. Pepperstone's pages are mostly clear, with one inconsistency we flag below. Here is what each broker in our data publishes for Singapore residents.
Pepperstone: free in, almost always free out
On Pepperstone's international site, which serves Singapore residents, deposits by card, Apple Pay, Google Pay, PayPal, Neteller, Skrill, crypto and domestic bank transfer are all listed as free. Its withdrawals table shows every method as free as well, with crypto, PayPal, Neteller and Skrill arriving within 1 business day and cards within 2. The one catch: its costs page lists a $20 fee for an international bank-wire withdrawal. Pepperstone also charges no inactivity or account-keeping fee.
Affiliate link — we may earn a commission at no extra cost to you.
Deposit and withdrawal fees compared
As each broker publishes them. Capital.com is left out: it does not accept Singapore residents.
| Broker | Deposit fees | Withdrawal fees | Notes |
|---|---|---|---|
| Pepperstone | None on any listed method | Listed as free; $20 for an international wire on its costs page | No inactivity fee |
| XS | No internal fees | No internal fees; up to 3% if no trading activity or abuse | Card withdrawals take 7-10 working days |
| CMC Markets | Not in our data | None for card or standard bank withdrawals (UK pages) | Same-day processing before the cut-off |
| Plus500 | Not in our data | Not in our data | Inactivity fee up to USD 10 a month after 3 months without login |
Which brokers charge withdrawal fees?
In our data, the explicit withdrawal charges are narrow but real. Pepperstone lists $20 for international bank wires on its international and EU costs pages, and £15 on a UK FAQ, even though its withdrawal tables say free. XS keeps the right to charge up to 3% when an account withdraws without trading activity. Other charges look like withdrawal fees but are not: Plus500's inactivity fee, for example, can eat a dormant balance before you withdraw it.
Costs that are not the broker's fee
- Intermediary and receiving-bank charges on wires; Pepperstone's German pages warn these may apply.
- Currency conversion if your account currency differs from your bank account's; an SGD base account at Pepperstone avoids converting on the way in and out.
- Card issuer charges if your bank treats a broker deposit as a cash advance.
How to withdraw from Pepperstone without paying a fee
- Deposit by card, PayPal, Skrill or Neteller rather than international wire, since Pepperstone returns funds to the source you paid from.
- Withdraw to that same method; crypto and e-wallets are listed within 1 business day.
- Keep the account in SGD if your bank account is in SGD.
- If you must use a wire, ask support in writing whether the $20 charge applies before you send the request.
Sources
Fee pages as published.
Does Pepperstone charge to withdraw by card?
No. Card, Apple Pay and Google Pay withdrawals are listed as free and take up to 2 business days on its international site.
Does XS charge withdrawal fees?
XS says it charges no internal fees, but may apply up to 3% where there has been no trading activity or it identifies abuse.
Does Pepperstone charge an inactivity fee?
No. Accounts with under 10 currency units that stay unused for three months or more may be archived, but no fee is charged.
CFDs are complex and leveraged, and most of the cost of trading them is market risk, not fees. Pepperstone Markets Limited reports that 80% of retail investor accounts lose money trading CFDs with it. Fee terms can change; check them before depositing. Not investment advice.