Intro and winners
Find below the pros of forex brokers that do not charge an inactivity fee in the United States, updated for 2023:
- Fusion Markets - Best forex broker with no inactivity fee. One of the lowest commissions on the market. Wide range of currencies. Low withdrawal fee.
- Capital.com - Low forex fees. Wide range of currencies. Superb account opening process.
- IC Markets - Low FX commission and tight spreads. Wide range of currencies. Low withdrawal fee.
- Global Prime - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
- Tickmill - Low FX commission and tight spread. Rich selection of currency pairs. Low withdrawal fee.
- Pepperstone - Low FX commission and tight spreads. Low withdrawal fee. excellent account opening.
- FP Markets - Decent currency pair selection. Great mobile trading platform. Outstanding education tools.
- VT Markets - Low trading fees. Easy and fast account opening. Great email and live chat support.
- Moneta Markets - Low forex fees. Easy and quick account opening. Seamless deposit and withdrawal.
- GO Markets - Low FX commission and tight spreads. Low withdrawal fee. Low minimum deposit.
- Intro and winners
- Comparison of the top forex brokers with no inactivity fee
- Other fees at the top forex brokers with no inactivity fee
- Can I trust these forex brokers with no inactivity fee?
- Fusion Markets
- Capital.com
- IC Markets
- Global Prime
- Tickmill
- Pepperstone
- FP Markets
- VT Markets
- Moneta Markets
- GO Markets
- Didn't find the best broker for you?
- How did BrokerChooser pick the best forex brokers with no inactivity fee?
- FAQ
Comparison of the top forex brokers with no inactivity fee
| Broker | Inactivity fee | FX commission per lot |
|---|---|---|
| Fusion Markets | $2.25 commission per lot per trade | |
| Capital.com | No commission is charged | |
| IC Markets | $3.50 commission per lot per trade | |
| Global Prime | $3.50 commission per lot per trade | |
| Tickmill | $2.00 commission per lot per trade | |
| Pepperstone | $3.50 commission per lot per trade | |
| FP Markets | $3.00 commission per lot per trade | |
| VT Markets | $3.00 commission per lot per trade | |
| Moneta Markets | $3.00 commission per lot per trade | |
| GO Markets | $3.00 commission per lot per trade |
Popularity of the forex brokers with no inactivity fee
Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.
Other fees at the top forex brokers with no inactivity fee
Brokers charge various fees not directly related to trading. The most common among these are deposit/withdrawal fees and the account maintenance fee.
| Broker | Account fee | Withdrawal fee |
|---|---|---|
| Fusion Markets | $0 | |
| Capital.com | $0 | |
| IC Markets | $0 | |
| Global Prime | $0 | |
| Tickmill | $0 | |
| Pepperstone | $0 | |
| FP Markets | $0 | |
| VT Markets | $0 | |
| Moneta Markets | $0 | |
| GO Markets | $0 |
Can I trust these forex brokers with no inactivity fee?
Yes, BrokerChooser exclusively recommends legit brokers, overseen by at least one globally acknowledged regulator. We track more than 20,000 brokers and trading platforms that we don't recommend. To be sure that a broker is reputable and reliable, use Scam Broker Shield tool.
Key criteria determining a broker's trustworthiness are: regulation, availability of investor protection, as well as a long and spotless track record. Explore the interactive table below, encompassing this array of vital data.
| Broker | Top-tier regulators | Trusted broker |
|---|---|---|
| Fusion Markets | ASIC in Australia | |
| Capital.com | FCA in the UK and ASIC in Australia | |
| IC Markets | ASIC in Australia | |
| Global Prime | ASIC in Australia | |
| Tickmill | FCA in the UK | |
| Pepperstone | ASIC in Australia, FCA in the UK, and BaFin in Germany | |
| FP Markets | ASIC in Australia | |
| VT Markets | ASIC in Australia | |
| Moneta Markets | ASIC in Australia | |
| GO Markets | ASIC in Australia |
Fusion Markets is a zero fuss broker for anyone wishing to trade forex, CFD and crypto. It has low trading and non-trading fees, account opening is a breeze and there is no minimum deposit required.
You can only use the MetaTrader 4 platform, which is a favorite with many forex traders but has outdated design and UX.
Among its drawbacks, Fusion Markets does not provide investor protection, and popular assets such as real stocks and ETFs are not available.
Recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform
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74-89% of retail CFD accounts lose money
Capital.com is squarely aimed at CFD traders. The broker has a lot of arguments going in its favor, not least its excellent trading platforms, an outstanding CFD selection and a smooth account opening experience.
Capital.com’s trading platforms are intuitive and easy to use, making it suitable even for beginner traders.
Still, Capital.com is far from being an all-round broker, as popular asset classes such as real stocks and options are not available.
Recommended for investors and cfd traders looking for a great trading platform and excellent customer service
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79% of retail CFD accounts lose money
Australia’s IC Markets is a worthy option if low-cost forex/CFD trading is all you’re after and you’re not very picky about your choice of platform.
It has a competitive product selection that includes crypto, and a flexible fee structure offering very tight spreads with a reasonable commission. You can set up your account in no time and enjoy various deposit and withdrawal options, all free of charge.
IC Markets is not recommended for long-term investors, as you can’t trade stocks, ETFs or funds. The MetaTrader platform used by IC Markets has its limitations in design and functionality but will be familiar to many forex traders.
Recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options
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74.32% of retail CFD accounts lose money
Global Prime is a global forex broker that was founded in 2010. It is regulated by the Australian Securities and Investments Commission (ASIC), and Vanuatu Financial Services Commission (VFSC). Global Prime is considered reliable because it is regulated by the top-tier ASIC. BrokerChooser gave Global Prime a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Recommended for forex and cfd traders who are familiar with the metatrader trading platforms
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74-89% of retail CFD accounts lose money
Tickmill is a low-cost forex and CFD broker. Tickmill has low forex and non-trading fees. Account opening is fast, easy and fully digital. You can use many options for deposit and withdrawal, and they're all free of charge. On the negative side, trading platforms provided by MetaTrader come with an outdated design and a poorly-structured news feed. BrokerChooser gave Tickmill a 4.6/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Recommended for forex traders looking for low fees who are familiar with the metatrader 4 platform
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72% of retail CFD accounts lose money
Pepperstone is one of the most famous FX brokers in the industry. If you’re looking for a comfortable account opening and funding, as well as a variety of trading platforms, Pepperstone is a great choice.
Its trading fees are fairly competitive, and deposits/withdrawals are mostly free.
Still, the lack of assets outside forex/CFD will likely deter some traders, and if you go with the MetaTrader platform, you may be underwhelmed by its basic design and UX.
Recommended for forex traders looking for great account opening and customer service
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74-89% of retail CFD accounts lose money
FP Markets is an Australian CFD and forex broker regulated by the top-tier Australian regulator ASIC.
FP Markets offers low forex fees. You can be up and running quickly as both account opening and deposits are super easy and fast. There are several excellent educational tools, such as demo accounts and e-books.
The product lineup at FP Markets is limited to forex, CFDs and cryptocurrencies. MetaTrader 4's web and desktop trading platforms have an outdated design. The quality of research tools is uneven, especially when it comes to fundamental data, news or charting.
BrokerChooser gave FP Markets a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Recommended for forex and cfd traders familiar with the metatrader and iress trading platforms
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73.85% of retail CFD accounts lose money
VT Markets is a forex and CFD broker regulated by the Australian and South African financial authorities. VT Markets has low trading fees, the account opening process is fast and simple, while email and live chat support are above average. On the negative side, VT Markets has a limited product portfolio covering only CFDs and forex. Its educational tools could also be improved, and there is no investor protection. BrokerChooser gave VT Markets a 4.1/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Recommended for forex traders familiar with the metatrader trading platforms
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74-89% of retail CFD accounts lose money
Moneta Markets is a global forex and CFD broker. Moneta Markets has low forex fees and non-trading fees are also very favorable (for example, there is no inactivity fee). Opening an account at Moneta Markets is a very rewarding experience as the process is super fast (less than 5 minutes) and fully digital. The broker also offers a great variety of deposit and withdrawal options, most of which are free of charge. On the negative side, the product portfolio at Moneta Markets is rather limited as the broker only offers forex and some CFDs. Additionally, stock CFD fees are quite high and there is no investor protection. BrokerChooser gave Moneta Markets a 4.2/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Recommended for forex and cfd traders familiar with the metatrader trading platforms
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74-89% of retail CFD accounts lose money
GO Markets is a forex and CFD broker. GO Markets has low forex fees and favorable non-trading fees. The account opening process is fast and fully digital. The broker offers great educational tools, including forex courses. On the negative side, the product portfolio at GO Markets is limited as the broker mainly offers forex and CFDs. Research tools could be better. Also, there is no investor protection for non-EU clients. BrokerChooser gave GO Markets a 4.1/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Recommended for forex traders who like the metatrader platform
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62% of retail CFD accounts lose money
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How did BrokerChooser pick the best forex brokers with no inactivity fee?
- We checked whether the broker is regulated by a trusted regulator,
- Analyzed forex fees with a special emphasis on the inactivity fee,
- Checked the number of currency pairs available,
- Opened an account and tested the platform (charting, features, usability) with real money.
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.
BrokerChooser evaluates 9 key areas for all brokers including fees, safety, ease of account opening, education, and trading platforms. We check more than 500 criteria for each broker and finetune our methodology every year based on our own and our users' experiences. We have more than 100 brokers reviewed on our site and our team of analysts examines more than 50,000 data points overall.
FAQ
What is the inactivity fee?
The inactivity fee is charged when there is no activity (i.e. no trades, no login, etc.) on a brokerage account for a certain period of time.
The length of the inactive period that triggers the inactivity fee varies from broker to broker, but it’s typically 6 months to a year. You can avoid paying an inactivity fee by making at least one transaction per 6 months/year or by closing the account altogether. At some brokers, it's enough to log into your account to be considered an active user.
Why do brokers charge an inactivity fee?
The main reason for charging an inactivity fee is to prod clients to use their brokerage account and trade. The more trades their clients execute, the more revenue forex brokers make. The amount of the inactivity fee is usually too low for it to be a considerable revenue source for brokers.
