The theory of linear and nonlinear dynamic vibration absorbers is a well-established topic for many years. However, many recent contributions paid attention to the nonlinear vibration absorbers and different practical realizations of corresponding devices. Here, we propose a mechanical system constituted of the inerter-based nonlinear energy sink attached to the main body that is resting on an elastic foundation and is grounded through the fractional type electromagnetic damper. The two-degree-of-freedom system is described via two coupled differential equations with one of them having a fractional-order derivative term and the other one containing cubic stiffness nonlinearity. The incremental harmonic balance (IHB) method is employed to solve the equations and studies the strongly nonlinear periodic responses of the system. Applied approximated solution methodology is validated by the numerical Newmark method adapted to deal with the system of nonlinear fractional-order differential equations. The appropriate and necessary number of harmonics used in the IHB solution is commented and validated. This study can be a first step in understanding the dynamics and giving directions for the future design of vibration-isolating platforms based on inerter-based nonlinear vibration absorbers and electromagnetic dampers.