{"id":1776,"date":"2020-11-09T12:43:44","date_gmt":"2020-11-09T12:43:44","guid":{"rendered":"https:\/\/www.publicfinanceinternational.org\/?p=1776"},"modified":"2021-05-18T20:09:38","modified_gmt":"2021-05-18T20:09:38","slug":"iq-option-fees","status":"publish","type":"post","link":"https:\/\/www.publicfinanceinternational.org\/iq-option-fees\/","title":{"rendered":"IQ Option Fees and Commissions"},"content":{"rendered":"\n
\"IQ<\/figure><\/div>\n\n\n\n

IQ Option is one of the leading<\/a> 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\u2019s look at the trading fees like swaps, spreads, dormant account fees, and withdrawal fees.<\/p>\n\n\n

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Open Free Account<\/span>\n <\/div><\/a><\/div><\/div>\n\n\n

IQ Option Fees Overview<\/h2>\n\n\n\n
Type of fee<\/th>Nature<\/th>Explanation<\/th><\/tr><\/thead>
Spread<\/td>One-off cost<\/td>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 \u201cpip\u201d.<\/td><\/tr>
Swap Fee<\/td>Ongoing costs<\/td>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.<\/td><\/tr>
Other costs<\/td>Dormant account fees<\/td>For inactive accounts, in a period of at least 90 consecutive days – \u20ac10 per month fee. If the base currency of the account is different an equivalent is charged.<\/td><\/tr>
Withdrawal fee<\/td>Charged for withdrawing funds<\/td>There are no withdrawal fees through payment service providers. The list is below. Withdrawals under \u20ac2 cannot be processed, you have to contact customer support. Bank transfer minimum withdrawal is $31 or equivalent.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

CFD Fees<\/h2>\n\n\n\n
Financial instrument<\/th>Fee Type<\/th><\/tr><\/thead>
Forex<\/td>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.<\/td><\/tr>
Stocks<\/td>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.<\/td><\/tr>
Cryptocurrencies (short-sell transactions)<\/td>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.<\/td><\/tr>
Cryptocurrencies (long-buy transactions)<\/td>Spread – difference between the sell and buy price.<\/td><\/tr>
ETFs<\/td>Spread – difference between the sell and buy price.<\/td><\/tr>
Indices<\/td>Spread – difference between the sell and buy price.<\/td><\/tr>
Commodities<\/td>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.<\/td><\/tr>
Options<\/td>The premium charged is visible inside the trading platform. This represents the fee for buying an option.<\/td><\/tr>
Binary Options on Forex, Stocks<\/td>Visit Website for Information<\/td><\/tr>
Digital Options on Forex, Stocks<\/td>Visit Website for Information<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Deposit Fees<\/h2>\n\n\n\n

IQ Option doesn\u2019t charge deposit fees. The minimum deposit is $10 – low compared to other comparable trading platforms.<\/p>\n\n\n\n

Withdrawal Fees<\/h2>\n\n\n\n

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.<\/p>\n\n\n\n

Payment service providers at IQoption.com:<\/p>\n\n\n\n