IQ Option is one of the leading online trading platforms. IQ option offers a lot of financial instruments to trade. These include binary options (not everywhere), stocks, digital options, commodities, forex, cryptocurrencies, and ETFs. In this guide, we go over the IQ option fees. Make sure to familiarize yourself with all the costs and charges of this online broker. This can affect your return on investment and the overall cost of trading with IQoption.com. Let’s look at the trading fees like swaps, spreads, dormant account fees, and withdrawal fees.
IQ Option Fees Overview
| Type of fee | Nature | Explanation |
|---|---|---|
| Spread | One-off cost | Spread is the difference between the sell (bid) price and the buy (ask) price. Spread depends on many factors. Time of day, underlying asset volatility and liquidity, and trade size affect the spread price. Spread is represented as a “pip”. |
| Swap Fee | Ongoing costs | IQ Option reserves the right to charge traders a swap fee. IQ option swap fees range from 0.01% – 0.6%. In some extreme cases, the swap fee can go to 1.6% for keeping a position open overnight. On Friday the swap fee is 3 times higher to include the weekend. Swap fees are subject to change. |
| Other costs | Dormant account fees | For inactive accounts, in a period of at least 90 consecutive days – €10 per month fee. If the base currency of the account is different an equivalent is charged. |
| Withdrawal fee | Charged for withdrawing funds | There are no withdrawal fees through payment service providers. The list is below. Withdrawals under €2 cannot be processed, you have to contact customer support. Bank transfer minimum withdrawal is $31 or equivalent. |
CFD Fees
| Financial instrument | Fee Type |
|---|---|
| Forex | Spread – If the underlying asset EUR/USD is trading at 1.3029, the buy price could be 1.3030 and sell price might be 1.3028. The spread is 2 pips in this example. |
| Stocks | Spread – If the underlying asset Apple/USD is trading at 170.8150 the ask price might be 170.9566 and the sell price might be 170.6734. The spread is 2.8 pips in this example. |
| Cryptocurrencies (short-sell transactions) | Spread – If the underlying asset BTC/USD is trading at 13188 the buy price might be 13700 and the sell price might be 12676. The spread is 1024 in this example. |
| Cryptocurrencies (long-buy transactions) | Spread – difference between the sell and buy price. |
| ETFs | Spread – difference between the sell and buy price. |
| Indices | Spread – difference between the sell and buy price. |
| Commodities | If the underlying asset XAU/USD is trading at 1255.06006 the buy price might be 1255.633575 and the sell price might be 1254.486542. The spread is 1.147036 in this example. |
| Options | The premium charged is visible inside the trading platform. This represents the fee for buying an option. |
| Binary Options on Forex, Stocks | Visit Website for Information |
| Digital Options on Forex, Stocks | Visit Website for Information |
Deposit Fees
IQ Option doesn’t charge deposit fees. The minimum deposit is $10 – low compared to other comparable trading platforms.
Withdrawal Fees
No withdrawal fees are charged if using the payment service provider (PSP) for withdrawals. Bank transfers incur a $31 fee. For withdrawals below $2, you have to contact customer service.
Payment service providers at IQoption.com:
- Skrill
- PayPal
- Neteller
- EcommPay
- WebMoney
- SOFORT
- PPRO
- WorldPay
Trading Fees
There are no fees for for opening and closing positions. The trading fees are built into the spread.
Inactivity fees
This broker charges a “Dormant account fee”. Some brokers onyl need you to log in to your account to keep it active. IQ charges a €10 fee for trading accounts that are inactive for 90 consecutive days. No opened trades or executed trades inside the 90 day, the trading account incurs a €10 fee.
Account opening fee
There are no account opening fees at IQ option. There are also no deposit fees. It is important to verify your account as soon as possible. If you don’t verify your account within 15 days of making your first deposit, funds are returned to your account. For accounts with a balance below €5 an additional is charged.
FAQ
Some of the frequently asked questions about IQ Option.
Does IQ option charge commissions?
IQ option commissions are low. You will be charged a 2.9% for a “long” cryptocurrency position. If you buy $10 worth of bitcoin, the commission fee would be $2.9.
How much does IQ option charge for withdrawals?
There are no withdrawal fees at IQoption. If the withdrawal is lower than $2, you have to contact customer support. Bank transfers should be over $31 or equivalent in your base currency.
Overnight funding fees
The overnight fees at IQ option are set at 0.01% – 0.05% of the face value of your position. The overnight funding fees is known as a swap fee. It allows the broker to cover the costs of the leverage used overnight. You can check the swap fee in your account, under trading conditions.
