Which UK brokers charge no deposit or withdrawal fees?
Verdict
- Pepperstone, our top pick for UK traders, charges nothing to deposit by card, Apple Pay, Google Pay or bank transfer and lists every withdrawal method as free, with one caveat: its costs-page FAQ mentions £15 for an international bank wire withdrawal.
- CMC Markets says it makes no charge for card or standard bank transfer withdrawals; Tickmill and FxPro also state no withdrawal fee.
- Watch the indirect costs: ActivTrades applies a 0.5% conversion fee when the transaction currency differs from the account currency, and Tickmill sets a $25 minimum withdrawal.
- Capital.com, our second choice, says withdrawals can take up to 5 business days to arrive; its withdrawal fees are not in our data.
Most UK brokers no longer charge a flat fee to move money, but costs still hide in wire charges, minimums and currency conversion. Here is what each broker publishes, where Pepperstone's own pages disagree, and how to keep transfers free.
Pepperstone: free in, free out, with one wire caveat
Deposits: Apple Pay, Google Pay and debit or credit cards from £10, free and immediate; domestic and international bank transfers with no minimum, free, arriving the same day to seven working days. Withdrawals: cards, Apple Pay and Google Pay the same day to one working day; bank transfers the same day to three working days, all listed as free. The exception is the FAQ on Pepperstone's costs page, which says an international bank wire withdrawal costs £15. The two pages conflict, so budget £15 for an international wire and use a UK bank account or card otherwise.
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Which UK brokers charge withdrawal fees?
On the brokers' own pages, very few charge a direct fee. The cost tends to appear as a minimum, a conversion or an international wire charge.
| Broker | Withdrawal fee | Other conditions |
|---|---|---|
| Pepperstone | Free in its withdrawals table; £15 for international wires per its FAQ | Funds go back to the original source |
| CMC Markets | No charge for card or standard bank transfer | Requests before 4 pm UK processed the same day |
| Tickmill | No withdrawal commission | $25 minimum; processed within 1 working day |
| FxPro | Zero withdrawal fees | Cards can take around 10 working days to arrive |
| ActivTrades | None stated in our data | 0.5% conversion fee if currencies differ |
| Capital.com | Not stated in our data | Up to 5 business days to arrive |
Deposit fees and minimums
IG's help centre gives the minimums below, but another IG page still shows £250, so confirm with IG before you fund.
| Broker | Deposit fee | Minimum |
|---|---|---|
| Pepperstone | Free on all listed methods | £10 by card, Apple Pay or Google Pay; none by bank transfer |
| Capital.com | Not stated in our data | 20 in GBP, EUR or USD (50 EUR by wire) |
| IG | Not stated in our data | None by bank transfer; £1 per card deposit |
| Spreadex | Not stated in our data | £5 |
| FOREX.com UK | Not stated in our data | £100 |
Keeping transfers free
- Withdraw to the card or bank account you deposited from; Pepperstone returns funds to source only and does not accept third-party payments.
- Use a UK bank account rather than an international wire where you can.
- Hold the account in the currency you fund in: Pepperstone's UK base currencies are GBP, USD, EUR and CHF.
- Moving from another UK broker? Pepperstone accepts broker-to-broker transfers subject to approval.
Sources
Payment terms as each broker publishes them.
How long does a Pepperstone withdrawal take in the UK?
Cards, Apple Pay and Google Pay take from the same day to one working day, and bank transfers from the same day to three working days, according to Pepperstone's withdrawals table.
Does Pepperstone charge for deposits?
No. Card, Apple Pay, Google Pay and bank transfer deposits are all listed as free; card-type deposits start at £10 and bank transfers have no minimum.
Can my bank charge me even if the broker does not?
Yes. Intermediary banks can deduct fees on international transfers, which is one more reason to fund and withdraw through a UK bank account or card.
Leveraged products such as CFDs and spread bets carry a high risk of losing money rapidly. Pepperstone reports that 73.6% of its UK retail investor accounts lose money on these products. This is not investment advice; payment terms change, so check them with the broker before you transfer money.