Comparison 24option vs Charles Schwab
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare 24option vs Charles Schwab. Which of them: 24option or Charles Schwab a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Let’s analyze the commission fees on trading options. 24option has a commission fee of €10 fee per month, Charles Schwab has a commission fee of $4.95 + $0.65 per contract. The full online broker reviews contains more detailed information on the brokers’ commission fees.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are 24option provides customers with Stocks Trading, Forex Trading, Crypto Trading, and Charles Schwab provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Robo Advisor. As for platforms, 24option offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App, while Charles Schwab offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. 24option was established in 2009 in Cyprus, and it is regulated by CySEC, IFSC. And Charles Schwab was established in 1973 in United States, and it is regulated by SIPC. Withdrawal of funds from 24option can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $35. And Charles Schwab provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. The time for withdrawal in 24option is 5 - 10 business days, and that one in Charles Schwab is 5 days.
As a result, the rating of 24option is 3.9 stars versus that of Charles Schwab of 4.1 stars.