We created the Zero Order to enable anyone to invest commission-free. This order type is and will remain commission-free for all EU shares and ETFs. This order type is executed at the end of the trading day, between 4 and 5 pm (CET). So if you place your order after 4 pm (CET) we will execute it on the following day. More info about this order type can be found here.
There is no Zero Order available on US stocks because all Market and Limit Orders on US stocks are commission-free.
This order is executed at a predetermined price. Limit Orders specify the maximum price you are willing to pay for a share and/or ETF or the minimum price you want to receive for a share and/or ETF you are selling. We charge a €1 commission for all Limit Orders on EU shares and ETFs. US shares incur no costs for this order type.
This order is executed directly at the best available market price. We charge a €1 commission for all Market Orders on EU shares and ETFs. US shares incur no costs for this order type.
When you buy, sell or receive dividends from US stocks, we need to convert the equivalent amount from EUR to USD or vice-versa for you. For this service, we apply a FX markup of 0.25% to the EUR/USD FX spot rate.
The estimation of costs and charges, as well as the cumulative effect of costs on return in different scenarios can be found here.