Inactive Brokerage Account

I know there are trading restrictions of some kind in all banks.

However, are there ever restrictions from having inactive brokerage accounts?

I ask because I have a brokerage account but I never perform any trades in it (it is to deposit my credit card cashback in).

5 Comments
 

you may have to pay a comission on your innactive account, check with your bank

absolutearbitrageur.blogspot.com
 

Inactive accounts aren't be a problem, as long as you don't have any open orders (limit orders, trailing stop loss, etc.) It's the account activity they have to monitor, not the lack thereof.

 

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