Olymp Trade Account Inactivity Fee
By Olymp Trade
The regulation of non-trading operations and the policy of KYC/AML Olymp Trade reserves the company’s right to charge a dormancy fee for a long period of inactivity of a user account. You can find the detailed information on this condition in this FAQ.The regulation of non-trading operations and the policy of KYC/AML Olymp Trade reserves the company’s right to charge a dormancy fee for a long period of inactivity of a user account. You can find the detailed information on this condition in this FAQ.
If you are an active user of our platform, your account will not be subject to a fee. The fee only applies to the customers who have not made trades on a real account or carried out non-trading operations (deposit or withdrawal activity) for 180 days.
Will I be charged the inactivity fee?
It’s $10 (ten US dollars) a month or the same amount in another currency if the user account’s currency is not the USD.
What is the amount of the subscription fee?
The subscription fee is assessed once a month if the user remains inactive.
How often is the subscription fee charged?
If there are no funds on the account of the Inactive user, this fee will not be charged.
Will Inactive Account Go To Negative Balance If There Is Not Enough Funds On It?
The deposit bonus will be canceled completely if there are no real funds in the customer’s account or the amount of funds is insufficient to pay the monthly fee.
There are no real funds in my account but I have deposit bonus in it. What will happen to my bonus?
Paragraph 3.5 of the Regulation of non-trading operations and the policy of KYC/AML states the following:
Which legal document specifies the condition for a subscription fee charge?
“If the Company Customer has not carried out any operations in the Trading Terminal, which lead to a change in the Balance of the Customer’s Account for 6 months, the Company reserves the right to charge a subscription fee (commission) for providing access to the Trading Terminal. The amount and procedure for charging subscription fees is determined by the Company at its discretion.” (see the Regulation).
Until the specified period of 180 days has passed since your last transaction. Your account does not fall within the specified rule.
Will I be required to Pay the Fee if I Make Only One Transaction in Six Months?
If a customer has several accounts, which are all inactive for 180 or more days, only one of them will be charged a subscription fee. The subscription fee will be deducted from the balance on a monthly basis until at least one trade is made on one of the real accounts or one non-trading deposit/withdrawal operation is carried out.
How will the subscription fee be charged if I have several accounts?
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