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Comparison 24option vs Olymp Trade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare 24option vs Olymp Trade. Which of them: 24option or Olymp Trade 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 Olymp Trade is none. The full online broker reviews contains more detailed information on the brokers’ commission fees.
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 Options Trading are provided by Olymp Trade. Concerning the platforms, 24option uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App, while Olymp Trade uses 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 founded in 2009 in Cyprus, and it is regulated by CySEC, IFSC. And Olymp Trade was founded in 2014 in St. Vincent and the Grenadines, and it is regulated by Not Regulated. We can withdraw funds from 24option with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $35. And Olymp Trade provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. The time for withdrawal in 24option is 5 - 10 business days, and that one in Olymp Trade is 1 - 5 business days.
Overall, 24option boasts 3.9 stars versus Olymp Trade 4 stars.