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Comparison 24option vs Robinhood

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares 24option vs Robinhood. Is 24option or Robinhood 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, Robinhood has a commission fee of commission-free. 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 Stocks Trading, Options Trading, ETFs Trading, Crypto Trading are provided by Robinhood. As for platforms, 24option offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App, while Robinhood offers 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 founded in 2009 in Cyprus, and it is regulated by CySEC, IFSC. And Robinhood was founded in 2013 in USA, and it is regulated by SEC, FINRA. Withdrawal of funds from 24option can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $35. And Robinhood provides the ability to withdraw funds using Bank Wire with a withdrawal fee of free. The time for withdrawal in 24option is 5 - 10 business days, and that one in Robinhood is 5 days trading holding period for uninvested funds.

Overall, 24option boasts 3.9 stars versus Robinhood 3.4 stars.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
24option
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
Robinhood
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Cryptocurrency
24option
Stock
N/A
ETFs
N/A
Options
€10 fee per month
Cryptocurrency
N/A
Robinhood
Stock
Commission-free
ETFs
Commission-free
Options
Commission-free
Cryptocurrency
Commission-free

Types of trading

Types of trading
Stocks Trading
Options Trading
ETFs Trading
Forex Trading
Crypto Trading
24option
Stocks Trading
Options Trading
ETFs Trading
Forex Trading
Crypto Trading
Robinhood
Stocks Trading
Options Trading
ETFs Trading
Forex Trading
Crypto Trading

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
24option
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
Robinhood
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4

Tools

Tools
Research & Analysis
Education
Demo account
24option
Research & Analysis
Education
Demo account
Robinhood
Research & Analysis
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
24option
Android App
iOS App
Robinhood
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
24option
Minimum deposit
$250
Bank Wire
Visa/Mastercard
Robinhood
Minimum deposit
None
Bank Wire
Visa/Mastercard

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
24option
Bank Wire
Visa/Mastercard
Withdrawal Time
5 - 10 business days
Withdrawal Fee
$35
Robinhood
Bank Wire
Visa/Mastercard
Withdrawal Time
5 days trading holding period for uninvested funds
Withdrawal Fee
Free

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
24option
Сountry of Origin
Cyprus
Year Founded
2009
Regulated By
CySEC, IFSC
Robinhood
Сountry of Origin
United States
Year Founded
2013
Regulated By
SEC, FINRA

Customer Service

Customer Service
Phone
Email
Live Chat
 
24option
Phone
+44 161 960 0200
Email
info.int@24option.com
Live Chat
Yes
Robinhood
Phone
No
Email
Yes
Live Chat
No

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