Comparison AvaTrade vs Binomo
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare AvaTrade vs Binomo. Which of them: AvaTrade or Binomo 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. AvaTrade has a commission fee of spreads Vary, Binomo has a commission fee of none. You can read more detailed information on commission fees in the online broker reviews.
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 AvaTrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Bonds Trading, Forex Trading, Crypto Trading, Robo Advisor, and Binomo provides customers with Options Trading. Concerning the platforms, AvaTrade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App, while Binomo uses 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. AvaTrade was established in 2006 in Ireland, and it is regulated by Central Bank of Ireland. And Binomo was established in 2014 in Seychelles, and it is regulated by International Financial Commission. We can withdraw funds from AvaTrade with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. And Binomo provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, Cryptocurrency, and its withdrawal fee is free. The withdrawal time for AvaTrade is 1 - 2 business days, and that one for Binomo is within 3 business days.
As a result, the rating of AvaTrade is 4.8 stars versus that of Binomo of 3.9 stars.