ETX Capital Removes Inactivity Fees

ETX Capital, a fast-growing provider of financial derivatives trading, has announced the removal of all inactivity fees, also known as dormancy fees. With this important move, the company becomes the only broker in the world which does not charge retail traders as a sort of punishment for inactivity.

ETX Capital previously charged $25 per month after at least 6 months of inactivity. The latest move means that ETX Capital clients will be comfortable having their funds in custodian accounts with the broker for long periods of time to wait for trading opportunities, without having to make hasty trading decisions to avoid fees.

With massive experience in the FX industry, ETX Capital started its expansion trail as early as 2010 when it launched businesses in Germany and South Africa. Although the company has not released its financial results for 2020 yet, its trading revenue in the first eleven months of 2020 reportedly saw a significant growth of 49 percent. Additionally, as Fazzaco previously reported, ETX Capital​ has hired Ruark Williams as group head of acquisitions to facilitate the company's core growth strategy.