WikiFX

Reply

In my time exploring various brokers, one aspect I always scrutinize is the transparency and structure of overnight financing (swap) fees, as these directly impact my long-term trades. While IQ Option does highlight a range of markets—covering forex, CFDs, cryptocurrencies, and more—I was unable to verify any clear, published information regarding their swap or overnight financing fees. This absence of clarity stands out because reputable, regulated brokers typically provide detailed breakdowns of such costs, allowing traders to accurately assess their potential expenses in advance. On platforms I consider trustworthy, especially those under the oversight of recognized authorities, I can routinely access precise daily swap rates or at least a representative average. In contrast, the lack of fee disclosures at IQ Option, paired with their unregulated status, is an immediate concern for me. Without transparent details or regulatory oversight, I cannot reasonably compare IQ Option’s overnight costs with those of established brokers. This makes it impossible to determine whether their swaps are competitive, average, or significantly higher. For me, maintaining caution is absolutely crucial. Unclear or undisclosed swap fees can easily erode profits, especially in leveraged positions, and this uncertainty is further compounded when a broker is operating outside any regulatory framework. In summary, until IQ Option publicly clarifies its overnight fee policy, I personally cannot recommend them as a viable choice when comparing swap costs across brokers.