If you are new to trading then I would like to introduce you to IQ Option. Unlike most brokers, IQ Option charges little to no commissions and fees. In fact, there are no hidden costs. Apart from offering it's users a smooth experience, this is also one of the main reasons it is among the most popular brokers in the trading industry.
With IQ Option, you will be able to safely trade, free from high inconsiderate commissions and fees. In fact, there are no trading fees. Trading commission is the money that is charged when a trader opens or closes a trade. By not charging this fee, IQ Option has stood out from most trading brokers and pulled back from the middleman notion.
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Absolutely no trading fees and commissions.
Opening and closing trade positions for a profit is the main activity that takes place in the trading industry. IQ Option assures that you will not be charged even a cent as you go about this. This is a feature that only a few premium trading brokers offer. In fact, most trading brokers will charge this fee claiming that it is their main source of revenue. But these fees further narrow your profits.
How Does IQ Option Earn Then?
You might have been thinking that fees and commissions are the main revenue sources for most trading brokers. It's sensible to think that and yes, IQ Option does charge some fees and commission, but it is not the main source. IQ Option legitimately earns its profits by covering your activities and operations in trading markets. This means that IQ Option only stands to make a profit when a trader makes a profit.
IQ Option doesn't benefit from your losses or commissions. You can now see that IQ Option and traders share a common interest. It is because of this common interest that IQ Option has gone the extra mile to support traders. It does this by offering trade training, customer support, and offers. All this effort to ensure that you stand a better chance at trading and making a profit. It's a win-win situation.
IQ Option has assured you of no opening or closing, fixed charges or variable commissions. But what about the CFDs spread? This might seem confusing at first since you might be asking 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.
You should know that IQ Option doesn't charge any fee when opening or closing an account with them. The minimum amount for deposit is not a cost. In fact, this amount also happens to be the minimum amount you can trade with. This assures you that not even a cent will disappear or be charged from your account.
It is also important for you to know that there are no withdrawal or deposit fees charged on IQ Option. You can also access IQ Option's app on your Android or iOS device for free and be able to carry on with your trading while on the move.
Fees Charged In IQ Option.
Swap fee.
This fee is charged if you keep your trade on going overnight. It's usually 0.6%. You should take note that the swap fee only takes effect on CFDs securities such as forex, cryptocurrencies, ETFS, commodities, and indices.
Also take note that this fee triples as from Friday To Saturday.
Dormant fees.
An amount of €10 is usually charged if your account doesn't record any activity for 90 consecutive days. The same amount or an equivalent of any currency is charged monthly after that, should your account remain dormant. This fee is applicable to all account types and forms of trading both binary options and CFDs.
Verification Account Closure Fee.
If you fail to successfully submit your identification documents for verification within 15 days after making your first deposit, all your money except profits made, will be returned to your account. If your balance is above €5 then no fee will be charged but if your balance is below €5, a fee of up-to €5 will be charged.
This article should have taught you all you need to know about IQ Option's fees and commissions. If you have questions then feel free to ask in the comment section below. For more information check out IQ Option's general fees and commissions.
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Sumit Das says
I saw many type of youtube videos. Which is the good and bad boths are made there. The company of IQ options, they had charge when withdraw money. If I withdrawal $1000 your company will be charged $20 etc. I know may be that this is the policy if it is so etc. And another thing is the account blocking.. but the positive review I saw to the YouTube videos.. I want to invest 10 dollar only to the IQ options platform. if I can make a profit there $10, the total balance coming $20.. Can I withdraw $10 to your platform..
Another I saw a YouTube comments which is one guy put $10 to this platform but the balance doesn’t show to the platform this type of negative reviews coming there.. Some people told about good to your platform which is it’s very much good platform you can invest there, I withdraw $1500 the company doesn’t bare any charges.. so I actually confused to believence and unbelievence..
Bart Bregman says
It will be depending on the type of withdrawal you are using.
I can’t see what your options for deposit and withdrawal.. this vary per county a lot.
That’s why I suggest discussing this with the IQ option chat support 😉
(Note that your account needs to be fully verified before you make a withdrawal even best before making the deposit, to avoid inconvenience)