Does Moneta Markets charge an inactivity fee as of February 2024?
Sit back and relax, there is no inactivity fee at Moneta Markets.
You won't be charged a fee for not using your account at Moneta Markets for a long period of time.
- 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
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 Moneta Markets's services in the table below.
|💰 Deposit fee
|💳 Deposit methods
|Bank transfer, Credit/debit cards, Fasapay, JCB, SticPay
|💰 Withdrawal fee
|💸 Account base currency
|USD, EUR, GBP, NZD, SGD, JPY, CAD, HKD, BRL
|💸 Minimum deposit
|🗺️ Country of regulation
|Australia, South Africa, Seychelles, Saint Lucia
|🎮 Demo account provided
|📋 Read more
|Check out the Moneta Markets 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 Moneta Markets, read our comprehensive Moneta Markets review for 2024.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.