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.
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.
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.
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.
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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