An inactivity fee is a monthly charge that is levied on your account if there has been no trading activity for a period of 12 months. Please note, inactivity fees will not be charged when there is an open position.
When inactivity fees are due, they are levied first on your sub-account with the smallest balance and continue to be debited from sub-accounts until a maximum of £10 per client has been debited each month. The amount claimed is converted to each sub-account’s home currency.
Inactivity fees will be applied to inactive accounts on the third last weekday of each month.
Levying of inactivity fees will not result in a negative balance on any of your accounts.
Your account will be charged until one of the following conditions are met:
- You close your account
- You resume trading on your account
- The balance on your account is reduced to zero.
If you have resumed trading after inactivity fees have been levied, you can request a rebate of up to 3 months’ worth of the inactivity fees based on how many months you have been charged. If you would like to deposit funds into your account and continue to trade, please refer to our 'How to fund your account' FAQ.