DislikedAnd there is also one funny thing, in that moment I was very surprised, they took my money out off my account cus I was not trading some months. I leave my acc for some months to do some other things and when I will have time to trade I will continue and last month I receive msg from FXCM that if i will not do some trading in my acc they will punish me for 50$.
Ok 50$ is not big money for me but this action by self is unacceptable, they force you to trade, if not then 50$ is ours..WTF?Ignored
The dormant account fee was charged on accounts which were dormant for more than 1 year. In order to avoid the fee, you would have needed to deposit additional funds, place a trade, or withdraw the funds back to your bank account.
The dormant account fee is not charged for the sake of having a fee. We would be happy for the account to be open and funded for when you are ready to begin trading. The problem with having the account inactive for long periods of time is that we have to start dealing with dormant account laws in multiple jurisdictions. Therefore we would rather you either have the funds in your own bank account if you plan to let it sit there for years at a time, or use the trading account for trading.
Please let me know if you have any questions.
-Jason