Common use of The Inactivity Fee Clause in Contracts

The Inactivity Fee. 9.10.1. If the Client has not made a single transaction on the Client’s trading account during the last 365 calendar days and all the positions on this account are closed, a fee for servicing an inactive trading account is automatically deducted from the Client’s account starting from the first day of the next calendar month and then monthly, this inactivity fee being 10 USD (ten US dollars) per month. 9.10.2. The fee is charged exclusively from the Client’s own funds. Funds accrued to the Client as part of one or several bonus programs or other NordFX promotions cannot be used to pay for servicing an inactive trading account. 9.10.3. In case there are not enough funds in this trading account, NordFX has the right, at its own discretion, to deduct the missing funds from any other trading or personal account of the Client opened by the Client in NordFX in either USD or in another currency or cryptocurrency. The amount to be deducted is calculated at the NordFX internal current exchange rate. 9.10.4. An inactive trading account is automatically archived and can be reactivated at the Client’s request sent to the NordFX Support Service, provided that the Client’s debt to NordFX for payments for servicing this or other inactive Client's accounts is fully repaid (or doesn't exist).

The Inactivity Fee. 9.10.19.9.1. If the Client has not made a single transaction on the Client’s trading account during the last 365 calendar days and all the positions on this account are closed, a fee for servicing an inactive trading account is automatically deducted from the Client’s account starting from the first day of the next calendar month and then monthly, this inactivity fee being 10 USD (ten US dollars) per month. 9.10.29.9.2. The fee is charged exclusively from the Client’s own funds. Funds accrued to the Client as part of one or several bonus programs or other NordFX promotions cannot be used to pay for servicing an inactive trading account. 9.10.39.9.3. In case there are not enough funds in this trading account, NordFX has the right, at its own discretion, to deduct the missing funds from any other trading or personal account of the Client opened by the Client in NordFX in either USD or in another currency or cryptocurrency. The amount to be deducted is calculated at the NordFX internal current exchange rate. 9.10.49.9.4. An inactive trading account is automatically archived and can be reactivated at the Client’s request sent to the NordFX Support Service, provided that the Client’s debt to NordFX for payments for servicing this or other inactive Client's accounts is fully repaid (or doesn't exist).