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schlaepfi
1-2 years

Are there any inactivity fees charged by UCML, and under what circumstances do they apply?

Broker Issues
UCML
Fees and Spreads
07-15
United States
WikiFX
Reply

After carefully researching UCML, I have found that the broker does not publicly disclose any information regarding inactivity fees. In my experience, transparency around fee structures—especially concerning inactivity charges—is a fundamental aspect of building trust with a broker. Unfortunately, with UCML, the lack of explicit information about potential fees of this type raises concerns for me. The broker itself already presents a high-risk profile due to lacking regulatory oversight and providing minimal clarity on trading conditions in general. As a trader, I place great emphasis on knowing exactly what costs I might incur, not just while actively trading, but also during periods when I might need to pause my activities. Without this information from UCML, I cannot confidently say whether they charge inactivity fees or under what terms these might be imposed, which is a significant drawback. In my judgment, this obscurity requires caution—unclear fee schedules can sometimes lead to unexpected charges. For these reasons, I would advise anyone considering UCML to thoroughly question their customer service directly for detailed, written clarification before opening any type of account or funding it. For me, the absence of such details is a major red flag when evaluating any broker.

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