Does Plus500 charge an inactivity fee as of July 2024?
Yes, Plus500 charges an inactivity fee.
Inactivity fee conditions at Plus500 are the following: $10 per month after 3 months of inactivity. Inactivity means that you don't log in to your account.
The inactivity fee charged by Plus500 is considered average; it shouldn't necessarily keep you from opening an account, but take a good look at Plus500's other fees and services before you commit; and once you do, try to avoid the inactivity fee if you can.
| 💰 Plus500 inactivity fee | Yes |
| 💰 Plus500 withdrawal fee | $0 |
| 💰 Plus500 minimum deposit | $100 |
| 📃 Plus500 deposit methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Google Pay, Apple Pay, iDeal, POLi, PayNow, Blik, BPay, Klarna, GiroPay |
| 🗺️ Country of regulation | UK, Cyprus, Australia, New Zealand, Singapore, South Africa, Israel, Seychelles, Estonia, United Arab Emirates, Japan |
| 🎮 Plus500 demo account provided | Yes |
Data updated on July 9, 2024
At BrokerChooser, we only publish objective analyses based on live testing. Every recommendation is unbiased and based on first-hand experience: we open a live account anonymously at each broker, deposit real money and test every important feature.
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What is inactivity fee and when is it charged?
I've thoroughly tested Plus500 services with our analyst team by opening a real-money account and these are my most important findings:
- The inactivity fee is an important non-trading fee for long-term investors
- Brokers usually charge an inactivity fee if you fail to use your account for a longer period
- Plus500 charges an inactivity fee
Broker fees can make a big difference in the overall performance of your investments, and there's nothing more annoying than an obscure fee item suddenly appearing out of nowhere. Inactivity fees are one of those cost items that can pass under the radar and cause a headache for long-term investors.
What is an inactivity fee? An inactivity fee is charged by some brokers if you fail to trade or otherwise use your account for an extended period. In most cases, it kicks in after one year, after which you have to pay it on a regular basis until you start trading again. Check terms carefully: at some brokers, you can dodge the inactivity fee by simply logging in to your account.
To read more about possible expenses you may face as a long-term investor, check out our summary of the most common brokerage fees.
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Further reading
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.
