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Eightcap inactivity fee

Your expert
Bence András R.
Fact checked by
Adam N.
Updated
Feb 2024
Personally tested Personally tested
Data-driven Data-driven
Independent Independent

Does Eightcap charge an inactivity fee as of February 2024?

Sit back and relax, there is no inactivity fee at Eightcap.

You won't be charged a fee for not using your account at Eightcap for a long period of time.

THE ESSENCE
  • Some brokers charge an inactivity fee to prod their clients to trade regularly
  • If you are not actively using your trading account and your broker charges an inactivity fee, you may be better off closing it or keeping it empty
  • Certain brokers will automatically close your account if there is no money in it and you are inactive for a certain period of time
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74-89% of retail CFD accounts lose money

Key features and brokerage service highlights

As a forex trader, you need a reliable broker with superb services at affordable costs. See the most important features of Eightcap's services in the table below.

Key features of Eightcap services
💰 Deposit fee $0
💳 Deposit methods Bank transfer, Credit/debit cards, Skrill, Neteller, PayPal, Wise, PayRetailers, fasapay, WorldPay, uPOP, BPay, POLi Payment
💰 Withdrawal fee $0
💸 Account base currency AUD, USD, EUR, GBP, NZD, CAD, SGD
💸 Minimum deposit $100
🗺️ Country of regulation Australia, UK, Cyprus, The Bahamas, St. Vincent and the Grenadines
🎮 Demo account provided Yes
📋 Read more Check out the Eightcap review for 2024

Data updated on February 12, 2024

What is the inactivity fee?

How much you have to pay in various fees and charges is a key consideration when choosing a broker. Most traders know about spreads, commissions, deposit and withdrawal fees but the inactivity fee is not high on everyone’s radar.

You will be charged an inactivity fee if you don’t trade or use your account (i.e. you are inactive) for a longer period of time. The typical time frame is between 3 months and a year and it changes from broker to broker.

Once it kicks in, the inactivity fee will most often be charged on a monthly basis until you either trade again or show some activity in your account.

Read the fine print, at some brokers it’s enough to simply log into your account to avoid paying an inactivity fee.

If you have brokerage accounts that you do not use on a regular basis, check whether your broker charges an inactivity fee. If it does, you may be better off closing your account. If you keep your account empty and you are inactive, the broker may close it after a while.

Looking for the best FX brokers with no inactivity fee?

If you are looking for a reliable and excellent broker that does not charge an inactivity fee, check out our top list of the best forex brokers with no inactivity fee compiled by BrokerChooser's team of brokerage analysts after testing more than 100 brokers globally.

If the inactivity fee is not your main broker selection criteria, take a look at our top list of the best forex brokers in the world.

For more details on Eightcap, read our comprehensive Eightcap review for 2024.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

Further reading

Author of this article

Bence András Rózsa
Bence András Rózsa

Bence is a former broker analyst for BrokerChooser. Having an MSc in international economy and finance, he focused on equities, cryptos and newcomer financial services. He also gained years of experience within the brokerage industry, specializing in stock and CFD/forex brokers, crypto providers and robo-advisors.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Visit Eightcap 74-89% of retail CFD accounts lose money

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