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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.