An inactivity fee is a sum charged to investors who haven't engaged in any buying or selling activities in their brokerage accounts for an amount of time specified by the brokerage.
We do charge a fee of 50 USD per month. The fee is imposed on each separate inactive trading account.
To become inactive, the account owner must show the activity for a period of one year.
Activity also includes contacting a financial institution by phone or over the Internet, or making a withdrawal or deposit. Periodic interests, swaps, and dividends that are proceeded automatically are not considered activity.
The company has the right to expropriate the balance of a client who has been inactive for a period of at least three years.