Investing term

What is Inactivity fee?

A fee charged if you don't trade enough times per year.

An inactivity fee is a charge some brokers apply if you don't trade often enough — a penalty, in effect, for being a patient, buy-and-hold investor, which is exactly what most people should be. The fee typically kicks in after a quarter or a year with no (or too few) trades.

It's perverse, because the behaviour it punishes — leaving a sensible portfolio alone to compound — is the behaviour that tends to build the most wealth. For a long-term investor it can become a quiet, recurring cost paid year after year for doing the right thing. That makes it a specific thing to check on a broker's fee schedule before opening an account, and a reason to prefer a broker that doesn't charge one.

Charged for holding still
0 trades this quarter →−$10 / quarter · −$40 / yearA penalty for the patience that builds wealth — many brokers charge none. Check first.

An inactivity fee penalises the buy-and-hold patience that builds wealth — say $10 a quarter, $40 a year, for placing no trades. Many brokers charge none, so check the fee schedule.

For example

A broker charges $10 a quarter if you place no trades — costing a buy-and-hold investor $40 a year simply for leaving a good portfolio alone.

Learn it by doing

That's Inactivity fee in theory — it clicks when you use it. Practise it hands-on in a free, interactive lesson (Stage 9, Fees, Scams & Protecting Your Money).

Try the free lesson →

Why it matters to you

Inactivity fees matter because they penalise precisely the discipline that works: leaving a diversified portfolio to compound rather than tinkering with it. Paying to do nothing is a needless drag, and it can even nudge investors into unnecessary trades just to avoid the fee — trades that cost their own spreads and commissions. Checking for and avoiding inactivity fees keeps you from being punished for good behaviour.

Trading just to dodge the fee

An inactivity fee can tempt you into making pointless trades solely to reset the clock — but each trade has its own costs (spread, commission) and risks a bad decision. Churning a good portfolio to avoid a small fee usually costs more than the fee itself. The better fix is to choose a broker that doesn't charge one.

Frequently asked questions

What is an inactivity fee?

An inactivity fee is a charge some brokers apply when you don't trade frequently enough over a period, such as a quarter or a year. It effectively penalises long-term, buy-and-hold investors for leaving their portfolios alone, which is why it's worth checking a broker's fee schedule before opening an account.

Why do brokers charge inactivity fees?

To encourage trading (which can generate revenue) and to discourage dormant accounts they must still maintain. For the investor, though, it penalises the sensible habit of holding a portfolio long-term. Many brokers charge no inactivity fee at all, so it's an avoidable cost.

How do I avoid inactivity fees?

The simplest way is to choose a broker that doesn't charge one — many don't. Avoid the temptation to make pointless trades just to reset the clock, since those cost their own spreads and commissions. Check the fee schedule before opening an account, especially if you plan to buy and hold.

Related terms

← Back to the full glossary