Avoiding Inactivity Fees at ITCS Trade
Inactivity fees can be a concern for traders who don't regularly trade or need to take a break from the markets. In this blog article, we'll explore ITCS Trade's inactivity fees, how they work, and how you can avoid them to protect your trading capital.
- What are Inactivity Fees at ITCS Trade?
At ITCS Trade, we charge an inactivity fee of €300 if there's no trading activity on your account for three consecutive months. The inactivity fee is designed to cover the ongoing costs of maintaining your account, such as platform maintenance and customer support.
- How Inactivity Fees Work at ITCS Trade
If you haven't executed any trades or performed any other account activities for three consecutive months, ITCS Trade will charge a €300 inactivity fee. It's important to note that we can only charge this fee from the available funds in your account. If you don't have sufficient funds to cover the fee, your account balance will not go negative, and you won't be charged more than what is available in your account.
- Tips for Avoiding Inactivity Fees
To avoid inactivity fees at ITCS Trade, consider the following tips:
- Stay Active: Make a conscious effort to execute at least one trade or perform other account activities every three months. This will help you avoid inactivity fees and keep your trading account in good standing.
- Set Reminders: Use calendar reminders or other tools to keep track of your trading activity and ensure you don't accidentally become inactive.
- Withdraw Funds: If you know you won't be trading for an extended period, consider withdrawing your funds from your account. As mentioned earlier, ITCS Trade can only charge inactivity fees from the funds available in your account. By withdrawing your funds, you effectively eliminate the possibility of being charged an inactivity fee.
In conclusion, understanding and avoiding inactivity fees at ITCS Trade is essential for protecting your trading capital. By staying active, setting reminders, and withdrawing funds when necessary, you can ensure that your account remains fee-free during periods of inactivity.