Comparison 24option vs Tastyworks
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare 24option vs Tastyworks. Which of them: 24option or Tastyworks 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, Tastyworks has a commission fee of $1. The full online broker reviews contains more detailed information on the brokers’ commission fees.
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 Tastyworks provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Futures Trading. Concerning the platforms, 24option uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App, while Tastyworks uses 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 founded in 2009 in Cyprus, and it is regulated by CySEC, IFSC. And Tastyworks was founded in 2017 in United States, and it is regulated by FINRA, NFA and SIPC. We can withdraw funds from 24option with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $35. And Tastyworks provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is $25-45. The time for withdrawal in 24option is 5 - 10 business days, and that one in Tastyworks is 3 business days.
As a result, the rating of 24option is 3.9 stars versus that of Tastyworks of 4 stars.