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10 Best Forex Brokers With No Inactivity Fee

Posted by Rayan Lofter 11/10/2024 16 Min Read
10 Best Forex Brokers With No Inactivity Fee

This article will discuss the best forex brokers with no inactivity fees. Finding a broker that allows you to trade without worrying about additional charges for inactive accounts is crucial for traders of all levels.

I will explore key features, benefits, and considerations when selecting a broker that meets your trading needs while maintaining cost-effectiveness.

Key Points & Best Forex Brokers With No Inactivity Fee List

BrokerTrading PlatformsCustomer Support
Fusion MarketsMetaTrader 4, Web Trader24/5 live chat, email
Global PrimeMetaTrader 424/5 live chat, email
Moneta MarketsMetaTrader 4, Web Trader24/5 live chat, email
GO MarketsMetaTrader 4, MetaTrader 524/5 live chat, email
PepperstoneMetaTrader 4, MetaTrader 5, cTrader24/5 live chat, email
FXTRADING.comMetaTrader 4, MetaTrader 524/5 live chat, email
FP MarketsMetaTrader 4, MetaTrader 524/5 live chat, email
EightcapMetaTrader 4, MetaTrader 524/5 live chat, email
BlackBull MarketsMetaTrader 4, MetaTrader 524/5 live chat, email
SpreadexProprietary Platform24/5 live chat, email

10 Best Forex Brokers With No Inactivity Fee

1. Fusion Markets

Fusion Markets is one of the top forex brokers without an inactivity fee. Traders recognize Fusion Markets for its low trading cost.

And user-friendly platforms that enable the trader to have a complete trading experience.

Fusion Markets Best Forex Brokers With No Inactivity Fee

The broker is regulated under the supervision of ASIC and provides attractive spreads and different leverage options.

It also provides professional and dedicated support, making it suitable for novices and experts.

Pros and Cons Fusion Markets

  • Cost efficient, paying among the lowest prices and spreads.
  • Has accessible trading applications such as MetaTrader 4.
  • Inactive account charges are not applicable, which is convenient for traders.

Cons:

  • Certain types of accounts require higher minimum deposits.
  • It does little to help educate novice traders on the platform.
  • Limitations due to geolocation may deter some users.
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2. Global Prime

Among the Best Forex Brokers, No Inactivity Fee is Global Prime. This broker has a strong reputation for excellent trade execution and fair pricing.

Global Prime is an ASIC-regulated broker that has good spreads and reasonable leverage.

Global Prime Best Forex Brokers With No Inactivity Fee

It provides quality, responsive customer support and powerful CEO trading platforms like MetaTrader 4 to novice and experienced traders without nasty inactivity fees.

Pros and Cons Global Prime

Pros:

  • Pricing is all-inclusive; thus, there is not a master spread markup.
  • Institutional-level liquidity is also available.
  • Global Prime is under ASIC regulation, so the clients are further protected.

Cons:

  • Only one trading version is available, and the client can only use MetaTrader 4.
  • This one requires a slightly higher minimum initial deposit than other brokers.
  • There are not many options available to either make withdrawals or deposits.

3. Moneta Markets

Moneta Markets is classified among the best forex brokers with no fee for account inactivity.

The ASIC regulates Capital Markets, presenting a cost-effective and practical environment for traders.

Moneta Markets Best Forex Brokers With No Inactivity Fee

It has a narrow spread and a wide variety of trading styles, as it has several popular trading platforms, such as Meta Trader 4.

The broker also enjoys providing its clients with customer support and educational materials, especially for novice traders.

Pros and Cons Moneta Markets

Pros:

  • Its activities are overseen by ASIC, which provides safety for traders.
  • Widely used trading resources such as MetaTrader 4 are also available.
  • There is no inactivity fee. Hence, traders can hold such accounts at no extra cost.

Cons:

  • Some account features have a higher minimum initial deposit.
  • Besides, novice traders may have little educative assistance.
  • No features relating to social trading or copy trading are in place.

4. GO Markets

GO Markets prohibits inactivity fees as it is a forex broker with the lowest spreads in the market.

Fully regulated by ASIC GO Markets, it serves traders with attractive spreads and a range of trading instruments.

The broker’s easy-to-use trading Platforms cover MetaTrader 4 and 5, which allows comfortable trading.

GO Markets Best Forex Brokers With No Inactivity Fee

With no inactivity fees, traders can use functional educational materials and active trading support without being pushed to the limit.

Pros and Cons GO Markets

Pros:

  •   An issuer closely supervised by the ASIC guarantees a safer environment during trading.
  •   The lowest available spreads, from 0.0 pips on some accounts, are excellent for scalpers.
  •   Many accounts come with different trading platforms like MetaTrader 4 and MetaTrader 5.

Cons:

  •   Besides some brokers, this firm has a lot of minimum deposit requirements.
  •   Only a handful of cryptocurrencies can be traded in the exchange.
  •   Customer care will always take longer than expected during busy hours.

5. Pepperstone

Pepperstone stands out among the best equally, with a zero inactivity fee. Due to regulating authorities like ASIC and FCA

Pepperstone has made its mark in the industry by providing low spreads and quickly executing trades.

Pepperstone Best Forex Brokers With No Inactivity Fee

It supports various trading strategies, with MT4 and cTrader as its platforms.

Since there are no inactivity fees, firms can be free after carefully considering markets and still enjoy good help and education.

Pros and Cons Pepperstone

Pros:

  • The supervision of ASIC and FCA can ensure high protection for the company’s clients.
  • Clients are offered accounts with both the standard and raw spreads that are very competitive.
  • This broker provides two trading platforms: Meta Trader and c- trader.

Cons:

  • A small number of cryptocurrency options as compared to some other firms offering even more.
  • For some types of accounts, a more significant amount is needed for a minimum deposit.
  • Naturally, the helpline may take time to respond to their clients during rush hour.

6.FXTRADING.com

FXTRADING.com is said to be one of the best forex brokers with low, no inactivity fees.

Known to be regulated by ASIC, FXTRADING.com provides a beautiful trading environment with low spreads and various leveraging options.

FXTRADING.com Best Forex Brokers With No Inactivity Fee

Powerful trading platforms such as MetaTrader 4 and 5 for effective trading are available.

Owing to the inexistence of inactivity charges, the traders have the convenience of not incurring additional costs to oversee the operations of their accounts, coupled with good customer support.

Pros and Cons FXTRADING.com

Pros:

  • Under ASIC’s supervision, clients are assured safety and security while trading.
  • There is transparency within the trading environment, and traders can expect tight spreads without hidden costs.
  • Well-known trading software platforms such as MetaTrader 4 and 5 are available.

Cons:

  • Certain accounts have a higher minimum investment limit to open and maintain these accounts.
  • Customer service may be less than adequate since there are some hours when nobody is at the helpdesk, especially on weekends.
  • There are no mobile applications designed and developed solely for the owners of the trading company.

7. FP Markets

FP Markets is one of the best forex brokers because they don’t have an inactivity fee.

Being an ASIC-regulated firm, FP Markets offers traders tight spreads and various trading instruments.

FP Markets Best Forex Brokers With No Inactivity Fee

Good execution of trading strategies also depends on the availability of professional platforms such as MetaTrader 4 and 5.

With this flexible inhibition of inactivity fees, it is more advantageous for traders opting for FP Markets regardless of whether they are novices or experienced.

Pros and Cons FP Markets

Pros:

  • The broker is licensed by ASIC and FSA, which is an advantage for the trader because it offers a safe place to trade.
  • Spreads are pretty low and offer a choice between raw and standard accounts.
  • Users can download high-level trading platforms, such as MetaTrader 4 and 5.

Cons:

  • Some accounts come with a minimum deposit, which is relatively high compared to others.
  • There is scanty information to help out beginners in trades.
  • Support staff may be too busy to offer support during peak hours.

8. Eightcap

Eightcap, through its wide range of Forex and CFD trading products, has been rated as the top Forex broker with no internal commission.

ASIC regulation ensures that Eightcap maintains reasonable spreads and excellent trading conditions in various instruments.

Eightcap Best Forex Brokers With No Inactivity Fee

Popular platforms ranging from MetaTrader 4 & 5 give traders vital means of implementing several strategies.

The lack of inactivity fees makes it easy to opt for Eightcap, even for beginners and professional traders who want to reduce costs.

Pros and Cons Eightcap

Pros:

  • Legislatively recognized and regulated by ASIC and VFSC; traders operate within a safe environment.
  • Spreads are also good, with some accounts starting from 0.0 pips.
  • Different trading platforms like MetaTrader 4 and 5 are available.

Cons:

  • The range of assets that can be bought or sold, particularly cryptocurrencies, is minimal.
  • More types of accounts have a minimum deposit that is unreasonably high.
  • Customer service can be provided and operated only within the limited working hours.

9.BlackBull Markets

BlackBull Markets is regarded as one of the best forex brokerage companies that do not charge any inactivity fees.

It offers its services under the supervision of FMA and ASIC, as well as BlackBull Markets command, with tight spreads and various trading products.

BlackBull Markets Best Forex Brokers With No Inactivity Fee

Traders can access common but effective trading tools such as MetaTrader 4 and 5.

As a measure for protecting clients, no inactivity fees are imposed on clients, thus allowing no limits on all the traders. This makes BlackBull stand out for both beginner and professional traders.

Pros and Cons BlackBull Markets

Pros:

  • BlackBull Markets is regulated by FMA and ASIC; hence, the trading environment is safe.
  • The cost of trading in these accounts is relatively tight, and there are choices of normal and ECN types of accounts.
  • Multiple trading platforms are available, MetaTrader 4 and 5 and others.

Cons:

  • A minimum deposit amount is needed for certain types of accounts that are higher than usual.
  • Support services may be lacking on weekends, and there may be specific restrictions on their time.
  • No social or copy trading is available on the platform.

10. Spreadex

Spreadex remains among the best meta-traders since it does not charge an inactivity fee.

Spreadex, which the FCA regulates, enhances the attractiveness of spread betting and CFD trading with tight spreads.

Spreadex Best Forex Brokers With No Inactivity Fee

Its proprietary platform offers innovative trading applications and is easy to navigate.

Thanks to the absence of inactivity fees, traders can take their time studying the markets, making Spreadex ideal for both beginners and experienced traders.

Pros and Cons Spreadex

Pros:

  • The company operates under FCA regulations, meaning traders will have a safe environment.
  • Certain features related to spread betting and CFD trading are rare in the forex market.
  • Offers not only low commissions but also very tight spreads on trades executed.
  • They designed an efficient trading platform with outstanding, advanced features.

Cons:

  • Its minimum deposit amount is relatively high compared to some of the competitors.
  • The provision of advanced education would be of great assistance to novice traders.
  • Customer care services are offered in fewer hours than most of the brokers.

How To Choose the Best Forex Brokers With No Inactivity Fee

Trading Costs: Consider the spreads, commissions, and all other fees you incur when making trades. Opt for brokers with a zero inactivity fee policy and favorable trading fees.

Account Types: Explore the different account types offered and the features associated with each one. Some brokers may have introduced a particular trading account with tight spreads or other corresponding features related to how the trades will be executed.

Trading Platforms: Find out which platforms are provided, e.g., Meta Trader Four, Meta Trader Five, and the firm’s platform. Please ensure they are easy to use and have the required trading resources.

Range of Instruments: Also, think about the number of types of assets you may trade. For example, there are opportunities in forex, commodities, indices, and crypto-assets. The wider the range, the more chances you have to deal with.

Customer Support: Select brokers who will be available on different communication channels regardless of the issue, e.g., live chat, email, or call, and also offer customer support. Assisting can be very beneficial in states of emergency.

Educational Resources: Investigation of academic packages, seminars, and manuals for trading practice. The company that has such materials available for you will help polish your trading skills.

Conclusion

To summarize the discussion, one should pick a forex broker that does not charge inactivity fees for more affordable trading.

Ensure that regulation, trading fees, platform ease of use, support services, etc., are also adhered to.

Understanding these aspects, you will be in a position to select a broker that will accommodate your trading specifications,

Therefore, we will not bother you with the additional costs of maintaining an inactive account due to a lack of trading activity.

Rayan Lofter
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Rayan Lofter is an author on Coinroop.com that writes about the stock market and forex trading. Rayan has a unique ability to identify financial patterns which he uses to give readers practical advice for successful trades.