Comparison 24option vs Swissquote
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares 24option vs Swissquote. Is 24option or Swissquote a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. Let’s analyze the commission fees on trading options. 24option has a commission fee of €10 fee per month, Swissquote has a commission fee of £1 per contract (Minimum £5). 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, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided by Swissquote. As for platforms, 24option offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App, while Swissquote offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, 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 established in 2009 in Cyprus, and it is regulated by CySEC, IFSC. And Swissquote was established in Switzerland in 1996, and it is regulated by FCA, FINMA, DFSA, MAS, SFC. Withdrawal of funds from 24option can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $35. And Swissquote provides the ability to withdraw funds using Bank Wire with a withdrawal fee of depends on account type. The time for withdrawal in 24option is 5 - 10 business days, and that one in Swissquote is 1-2 working days.
As a result, the rating of 24option is 3.9 stars versus that of Swissquote of 4 stars.