Pity small investors. After three years of being kicked around by the markets, now they’re being kicked by the people who encouraged them to have a punt in the first place.
TDWaterhouse is introducing an account inactivity fee for those in the UK who’ve been so badly burnt that they no longer want to trade. If you don’t make a trade during a quarter, you’ll pay nearly £12 for the privilege of keeping your account. However, those lucky enough to have £5,000 sitting around doing nothing in their accounts are exempted.
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