Invest · FX cost comparison
Your broker's FX spread is your biggest investing cost.
Buying US stocks from India, UK, or Australia? Most brokers charge 0.5–1.5% to convert your currency before you've invested a penny. We rank every platform by true all-in FX cost, by corridor.
Not financial advice.ForexFee compares FX costs only — we don't recommend specific investments, securities, or trading strategies. Always consult a qualified financial adviser. Investing involves risk including possible loss of capital.
Broker comparison
Ranked by FX cost per $10,000 invested
| Broker | FX spread | FX cost / $10k | Commission | FX score |
|---|---|---|---|---|
| 1 Interactive Brokers India, UK, EU | 0.08% | $10 | Free | |
| 2 Trading 212 UK, EU | 0.15% | $15 | Free | |
| 3 Tiger Brokers Singapore, Australia, Global | 0.2% | $20 | Free | |
| 4 moomoo Singapore, Australia, Global | 0.25% | $25 | Free | |
| 5 InvestEngine UK | 0.25% | $25 | Free | |
| 6 Revolut Trading UK, EU, Global | 0.25% | $25 | Free | |
| 7 Charles Schwab UK, EU, Australia | 0.3% | $30 | Free | |
| 8 Charles Schwab International Global | 0.3% | $30 | Free | |
| 9 DEGIRO EU, UK | 0.25% | $35 | $1 | |
| 10 Freetrade UK | 0.45% | $45 | Free | |
| 11 Zerodha (via Vested) India | 0.5% | $50 | Free | |
| 12 Saxo Bank UK, EU, Singapore | 0.5% | $50 | $1 | |
| 13 Vested Finance India | 0.5% | $55 | Free | |
| 14 Groww India | 0.6% | $60 | Free | |
| 15 Pearler Australia, Global | 0.6% | $60 | $6.5 | |
| 16 Stake Australia, Global | 0.7% | $70 | Free | |
| 17 Fidelity International UK, EU, Singapore | 0.75% | $75 | $10 | |
| 18 Hargreaves Lansdown UK | 1% | $100 | $11.5 | |
| 19 AJ Bell UK | 1% | $100 | $9.95 | |
| 20 eToro UK, EU, Australia | 1.5% | $150 | Free |
The lowest FX spreads of any mainstream broker — 0.08–0.2% mid-market margin across all major corridors.
Commission-free investing for UK and EU investors with no FX fee on most plans.
Low-cost US and HK stock access for Asian investors
Commission-free investing with advanced charting for Asian markets
ETF-only ISA with 0% platform fee — the cheapest UK ISA for ETF investors
Convenient but limited stock investing inside the Revolut app
The benchmark US broker — available to international investors via Schwab International, with competitive FX.
US brokerage powerhouse with global accounts and unlimited ATM fee rebates
Low-cost European broker — cheap commissions but watch the FX fee
UK's zero-commission broker with ISA — decent FX for smaller investors
India's largest broker for domestic stocks — US investing requires LRS transfer and typically higher FX costs.
Premium multi-asset platform with strong FX pricing for large portfolios
US stock investing platform designed specifically for Indian investors
India's fastest-growing retail investment app — domestic focus, US stocks via LRS at standard bank FX rates.
Long-term index investing platform for Australian buy-and-hold investors
Simple, commission-free US stocks for Australian and New Zealand investors
Global asset manager with direct investor access — strong funds, higher FX
UK's largest investment platform — convenient but expensive on FX
Low-cost UK investment platform with ISA, SIPP, and broad fund range
Copy trading and social investing platform — popular but carries high FX costs on USD conversions.
By corridor
Best broker by home country
The cheapest broker changes by corridor. Here's the winner and the savings vs a typical broker.
Explore
Brokers ranked by FX cost
6 brokers ranked by the FX drag they impose on your investment — the cost before you buy a single share. IBKR, Trading 212, eToro, Schwab, Zerodha, Groww.
Best broker by home country
India→US, UK→US, EU→US, Australia→US — the cheapest broker changes by corridor. We show the winner for each route and how much you save.
India→US stocks: IBKR vs Zerodha vs Groww
Indian investors can save ₹40,000+ per ₹10 lakh invested just by choosing the right broker. Complete LRS-compliant guide.
UK investors: lowest FX cost for US stocks
Trading 212, IBKR, Hargreaves Lansdown — the FX cost difference on buying US stocks from the UK can be 1% or more per trade. We rank them.
By market & home country
Investor guides by market
Pick the market you want to invest in. We show you the best broker, FX cost, and regulation for your home country.
US Stocks
The US market has returned ~10% annualised over the past century. It houses the world's most innovative technology, healthcare, and consumer companies, with unmatched liquidity and corporate governance standards.
Global ETFs
Global index ETFs offer maximum diversification with minimal effort. A single UCITS all-world ETF gives exposure to 3,000+ companies across 50+ countries with a TER of 0.22%.
UK Stocks
The FTSE 100 trades at a significant discount to US markets on most valuation metrics and offers higher dividend yields (~3.5% vs ~1.4% for the S&P 500). It is heavily weighted toward energy, mining, financials, and consumer staples — useful diversification away from US tech concentration.
Emerging Markets
Emerging markets represent ~40% of global GDP but only 10–15% of the MSCI World index. Adding dedicated EM exposure increases diversification and captures growth from economies growing 4–7% annually vs 2–3% in developed markets.
Indian Stocks
India's Nifty 50 has returned ~14% CAGR in INR terms over 20 years. India's demographics, digital infrastructure build-out, and manufacturing shift from China make it one of the strongest long-term structural growth stories.
European Stocks
European markets trade at 50–60% discount to US markets on P/E basis. Companies like LVMH, ASML, SAP, and Novo Nordisk are world leaders in their sectors. The discount may represent value for long-horizon investors.
Bonds & Fixed Income
Bonds provide portfolio stability and income. After the 2022 rate cycle, developed-market government bonds offer yields of 4–5% — the most attractive in 15 years. For capital preservation and income, bonds belong in most long-term portfolios.
REITs & Real Estate
REITs offer real estate exposure without the illiquidity of direct property ownership. They're required to distribute 90%+ of taxable income as dividends, typically yielding 3–5%. Global REITs have delivered 8–10% total returns historically.