Inactivity charges on dormant accounts
A monthly inactivity charge, as shown in the table below, may be deducted for a dormant account where funds are available. As a fully FCA-regulated broker, ETX Capital imposes these charges to prevent money laundering. For this purpose, an account shall be considered dormant or inactive if there has been no other trading activity for a continuous period of 365 days or more.
The inactivity charge will be £25 (or equivalent currency). Inactive accounts will be charged at the discretion of ETX Capital based on a number of factors regarding the account.
The monthly inactivity charge will be deducted from a dormant account, until either (i) you recommence trading activity on the respective account, (ii) the balance of the account is reduced to zero, or (iii) the account is closed by you or ETX Capital.
Once the balance of a dormant account has reached zero, ETX Capital will not deduct further monthly inactivity charges from the dormant account. A dormant account will not incur a negative balance as a result of the deduction of the monthly inactivity charge. For the avoidance of doubt, the inactivity charge will be applied on a Client ID basis.
If you decide to reactivate your account by trading again, the inactivity charge for up to three (3) previous months where this has already been deducted will be refunded to your account.