IQ Option Fees and Commissions

When it comes to choosing a broker, the next thought that comes to mind is what will be their commission and fees. If you are new to trading and looking for the same then let me introduce you to IQ Option. IQ Option is that firm that charges little to no commissions and fees. The main reason for the popularity of IQ Option is that it offers a smooth experience with lots of amazing features.

This platform offers you safe trade which is free from any commission and fees. This is a fee that is charged when a trader is opening or closing the account. IQ Option is the one trading broker to stand out from other trading brokers by not charging the money.

Absolutely no trading fees and commissions

The main activity that takes place in the trading industry is opening and closing accounts. In the case of IQ Option, you will not be charged a single cent for this. These features are only provided by a few brokers to its users. Even there are brokers who claim that opening and closing accounts are their main source to generate revenue.

How Does IQ Option Earn Then?

It is not that IQ Option is totally free and does not charge any fee or commission but it is not their main revenue source because there are many trading brokers who charge the same as their main revenue source. IQ option earns its profit from the activities and operations that traders do. This implies that IQ Option only makes a profit when a trader makes a profit.

IQ Option never benefits from the loss you made, this shows the common interest of IQ Option and traders and that is why IQ Option has gone beyond miles to support its traders, and IQ Option does this for them to stand a better chance at trading and making a profit.

As IQ Option has assured you of no opening and closing, fixed charges, or variable commissions but what about CFDs spread? You might be thinking like why does IQ Option charge higher when buying securities through them as compared to the ‘outside’ market. The difference between the prices is not at all a commission.

Account Fees.

When you open or close an account with an IQ Option that doesn’t charge any fees. Remember that charged depositing a minimum amount for a deposit is not a cost. You can also call this amount a minimum amount. This is also the minimum amount that you can trade with. This will make sure that not even a cent will be charged from your account.

Also, IQ Option does not charge any withdrawal or deposit fees and to access IQ Option on your smartphone you can install IQ Option’s app for free.

Fees Charged In IQ Option.

Swap fee

This fee is usually 0.6% and is charged if you keep the trade going overnight. Note that swap fee only takes effect on CFDs securities such as forex, cryptocurrencies, EFTS, indices, and commodities.

Also, take note that this fee triples from Friday To Saturday.

Dormant fees.

If your account does not record any activity for 90 consecutive days the amount of €10 and the same amount or an equivalent of any currency is charged monthly and after that, your amount should remain dormant. This will allow you various forms of trading and both binary options and CFDs.

Verification Account Closure Fee.

If you are unable to submit your identification documents for verification within a given time period after making your first deposit then all your money except your profits will be returned to your account. If your bank balance is more the €5 then no fee will be charged but if your balance is below €5, a fee of up to €5 will be charged.

This was all about IQ Option’s fees and commissions. If you have any questions then feel free to ask. For more information check out IQ Option’s general fees and commissions.