This is how I see it, it’s essentially a £100/yr membership fee for using their platform if you’re a long term investor. I normally place all of my trades at the start of the financial year, so I’ll be charged for the remaining quarters (despite my >12 trades at the start of the year)... But then if I place 3 small spread bets each quarter, this fee is now waived? This new fee structure is both confusing and comes across as disengenous (despite the fairly modest cost). There are many other online trading platforms with competitive prices that have little to no reasonable inactivity fees that I’ll be considering.