Comparison 24option vs eToro
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare 24option vs eToro. Which of them: 24option or eToro a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. You can read more detailed information on commission fees in the online broker reviews.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Forex Trading, Crypto Trading are provided to customers by 24option and Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading are provided by eToro. As for platforms, 24option offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App, while eToro offers Web Platform, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. 24option was established in 2009 in Cyprus, and it is regulated by CySEC, IFSC. And eToro was established in 2007 in Cyprus, and it is regulated by CySEC, FCA, ASIC. Withdrawal of funds from 24option can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $35. And eToro provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of $25. The withdrawal time for 24option is 5 - 10 business days, and that one for eToro is within 1 business day.
Overall, 24option boasts 3.9 stars versus eToro 4.5 stars.