Cryptocurrency Q&A Does Forex.com have an inactivity fee?

Does Forex.com have an inactivity fee?

Carolina Carolina Sat Oct 12 2024 | 7 answers 985
I am wondering if Forex.com charges an inactivity fee. I have been using their platform for some time now but have been inactive recently due to personal reasons, and I am concerned about any potential fees. Does Forex.com have an inactivity fee?

7 answers

Michele Michele Mon Oct 14 2024
The inactivity fee serves as a reminder for traders to review their accounts regularly and ensure that they are either actively trading or taking steps to close their accounts if they are no longer needed. It also helps FOREX.com manage its resources efficiently by reducing the administrative burden associated with maintaining dormant accounts.

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JejuJoyfulHeartSoulMate JejuJoyfulHeartSoulMate Mon Oct 14 2024
FOREX.com, a renowned platform for foreign exchange trading, has a policy regarding account inactivity. This policy is designed to maintain the efficiency and cost-effectiveness of the platform for active traders.

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CryptoPioneer CryptoPioneer Mon Oct 14 2024
According to the policy, a fee of $15 (or the equivalent in the base currency of the account) is levied monthly on accounts that remain inactive for a period of 12 consecutive months. This measure is intended to encourage account holders to maintain an active trading presence or close their accounts if they no longer intend to use them.

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CryptoPioneer CryptoPioneer Sun Oct 13 2024
BTCC's spot trading platform allows users to buy and sell cryptocurrencies at current market prices, while its futures trading platform enables traders to speculate on the future price movements of various digital assets. The exchange's wallet service provides a convenient and secure way to store and manage digital assets, with advanced security features to protect against theft and fraud.

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ethan_thompson_psychologist ethan_thompson_psychologist Sun Oct 13 2024
It's important for traders to be aware of this policy and plan accordingly to avoid incurring unnecessary fees. Keeping track of trading activity and managing accounts responsibly can help traders maintain a positive relationship with FOREX.com and ensure a smooth trading experience.

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