Introduction
If you’re a Forex trader, then you’ve probably heard of Forex.com. It’s one of the most popular online trading platforms out there, and for good reason. However, if you’re not an active trader, then you might be hit with an inactivity fee. In this article, we’ll take a look at what the Forex.com inactivity fee is, how it works, and what you can do to avoid it.
What is the Forex.com Inactivity Fee?
The Forex.com inactivity fee is a fee that is charged to traders who don’t trade for a certain period of time. If you don’t place a trade or make a deposit or withdrawal for 12 months, then you’ll be charged a fee of $15 per month. This fee is designed to encourage traders to stay active on the platform and to ensure that Forex.com is making money on its services.
How Does the Inactivity Fee Work?
The Forex.com inactivity fee is charged on a monthly basis, starting from the 13th month of inactivity. This means that if you don’t trade or make any transactions for a year, then you’ll be charged $15 per month until you become active again. The fee will be deducted from your account balance, so you’ll need to have enough funds to cover it.
How to Avoid the Inactivity Fee
The good news is that it’s easy to avoid the Forex.com inactivity fee. All you need to do is place a trade or make a deposit or withdrawal at least once every 12 months. This will reset the clock and ensure that you’re not charged the fee. If you’re not an active trader, then you can simply make a small deposit or withdrawal to avoid the fee.
Why Does Forex.com Charge an Inactivity Fee?
Forex.com charges an inactivity fee to ensure that it’s making money on its services. If traders aren’t active on the platform, then Forex.com isn’t earning any commissions or spreads. The inactivity fee encourages traders to stay active and ensures that Forex.com is making money even if traders aren’t placing trades.
Conclusion
The Forex.com inactivity fee is a small price to pay for using one of the most popular online trading platforms out there. However, if you don’t want to be charged the fee, then it’s easy to avoid. Just make sure that you place a trade or make a deposit or withdrawal at least once every 12 months. This will ensure that you’re not charged the fee and that you’re staying active on the platform.
