FEES

ICONOMI fees and how would we describe them to a four-year old

Open a free account

Opening your ICONOMI account will always be free of charge.

Make a deposit

Fiat and cryptocurrencies deposits are free. Yes, no fees here.

You can check the rest of the fees (Cards, Skrill) here.

Buy an asset or copy crypto strategy

There are no fees (0%) for buying or selling a cryptocurrency. We charge a 0.75% spread on most conversions.

Some fees apply when copying a Crypto Strategy. These are the performance fee, copying fee and sell/exit cost.

Deposit fees

No hidden costs. Our goal is for you to understand our fee structure.

Cryptocurrency transfer

Deposit fee - Free

Money transfer

Deposit fee (Bank account - SEPA and SEPA Instant) - Free*

* SEPA deposits are not actually free, but at the moment this cost is payed by ICONOMI.

Deposit fee (Cards - Visa and MasterCard) - 3%

Deposit fee (Skrill) - 3,5% + 0,29 EUR

Crypto Strategy fees

The fees are set by each Strategist, so different Strategies have different fee structures.

Crypto Strategy fees set by each Strategist for copying a Strategy

Performance - Range from 0 – 30%

Charged to users who copy Crypto Strategies.

The fee is collected only when copiers make a profit.

Copy - Range from 0 – 10%

A yearly fee that is charged in small proportions daily (yearly fee/365) to users who are copying the Crypto Strategy.

On-boarding - Range from 0 – 6%

This fee covers the Strategist’s costs for the education and expertise they provide, but not all Strategies have it.

On-boarding fee applies per transaction.

Sell / Exit - Fixed 0.5%

The sell/exit fee gets returned to the Crypto Strategy to cover the trading costs of entering and exiting copiers.

This fee is charged per transaction.

Platform fees for managing your Strategy

Rebalance - Fixed 0.37%

Trading fee for adjusting/changing the Crypto Strategy structure.

The Rebalance fee is charged based on the assets that get traded. If 20% of the Strategy is rebalanced, the Rebalance fee will apply only to that 20%.

Anytime Crypto Strategy fees are collected they are split between ICONOMI, the Strategist, and the referrer/user according to the Referral program.

You can find detailed information here

Cryptocurrency Buy/Sell fees

Buy/Sell - Free

Spread - Range from 0,75 – 1,5%

An exact quote is provided at the time of conversion. Spread is NOT charged for Strategy rebalance.

You can find detailed information here

Withdrawal fees

Money transfer

Withdrawal fee (Bank account - SEPA and SEPA Instant) - Range from 0.5 – 1.5 EUR

Cryptocurrency transfer

Withdraw fee Bitcoin (BTC) - 0.0005 BTC

Withdrawal fee Ether (ETH) - 0.005 ETH

Withdrawal fee USD Coin (USDC) - 10 USDC

Withdrawal fee Tether (USDT) - 10 USDT

Frequently asked questions

Is ICONOMI free?

Creating an account with ICONOMI is free and most of the deposits are also free. However, like all Crypto Copy trading platforms, ICONOMI charges various spreads and fees for some trades and withdrawals. To learn more, please refer to our helpdesk article on fees here.

What is spread?

In addition to the displayed fee, ICONOMI includes a spread in the price/exchange rate when you buy or sell cryptocurrencies. This is due to the volatility of the cryptocurrency market and allows us to temporarily lock in price for trade execution while you review the transaction details before submitting your order/transaction.

ICONOMI offers a fixed price during the preview step, no matter the market movement.

We guarantee the price during the set time, and ICONOMI covers any difference in the price.

The user always has the option to accept or decline the offer.

What happens if a Strategist decides to increase the fees

If a Strategist decides to increase a performance fee, existing copiers will receive an email notifying them of this planned increase. However, the new performance fee will only apply after ten days, giving the copiers a chance to reconsider their investment options. Copiers will receive another email on the day the new fee takes effect. If copiers don’t agree with the change of fees for the Crypto Strategy they are copying with their funds, they can remove funds from copying the Strategy at any time.

What is a rebalance fee and is it competitive?

It is a fee that is paid by copiers when there are structural changes made in Crypto Strategies by the Strategist.

Trading fee is below the industry average (below average trading fees on the exchanges).

It is lower due to our volumes and advanced market-making trading algorithms.

Also, there are almost no fees for transferring assets between exchanges due to the fact we pool assets from multiple Crypto Strategies.

How are the fees split?

The fees are split between the Strategist, your referrer and ICONOMI. All Crypto Strategy Fees are included in the calculation. This consists of the Performance fee, Copying fee, Onboarding fee (add funds to copy a Strategy fee) and Sell/Exit cost (remove funds from copying a Strategy cost).

Please find more information on our referral program here.

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©ICONOMI is the trading name of ICONOMI Limited, a company registered in England and Wales. Registered address 10 Orange Street London, WC2H 7DQ. Company Registration number: 11087795. ICONOMI Limited is registered with the Financial Conduct Authority (Firm Reference No. 927859).