As part of the changes to our Terms and Policies, which we had communicated to you in January this year, we will be implementing an inactivity fee to your account from 31st July 2014.
The inactivity fee will apply to accounts that are inactive for 12 months or more. Activity is defined as placing a trade and/or applying an order on your account or maintaining an open position during this period.
A monthly inactivity fee of SGD 25 or an amount equivalent to the cash balance in your account, whichever is lower, will be deducted on a monthly basis for inactive accounts. The inactivity fee charged will be inclusive of GST.
IMPORTANT: If your account remains open but inactive from 31th July 2014, this fee will be applied. If, however, you do not accept these new terms, you must email us by the 24th of July 2014.