Comparison 24option vs Firstrade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare 24option vs Firstrade. Which of them: 24option or Firstrade a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. When analyzing trading options, the commission fees of 24option is €10 fee per month, and that one of Firstrade is $0. You can read more detailed information on commission fees in the online broker reviews.
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 Firstrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading. As for platforms, 24option offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App, while Firstrade offers Desktop Platform (Windows), Desktop Platform (MacOS), 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 Firstrade was established in 1985 in United States, and it is regulated by SEC and FINRA. Withdrawal of funds from 24option can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $35. And Firstrade provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $30 domestic US, $50 international. The time for withdrawal in 24option is 5 - 10 business days, and that one in Firstrade is 2-3 business days.
As a result, the rating of 24option is 3.9 stars versus that of Firstrade of 3.9 stars.