Comparison Binomo vs Charles Schwab
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Binomo vs Charles Schwab. Which of them: Binomo or Charles Schwab 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. Binomo has a commission fee of none, Charles Schwab has a commission fee of $4.95 + $0.65 per contract. You can read more detailed information on commission fees in the online broker reviews.
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. Options Trading are provided to customers by Binomo and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Robo Advisor are provided by Charles Schwab. As for platforms, Binomo offers Web Platform, Android App, iOS App, while Charles Schwab offers Desktop Platform (Windows), Desktop Platform (MacOS), 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. Binomo was established in 2014 in Seychelles, and it is regulated by International Financial Commission. And Charles Schwab was established in 1973 in United States, and it is regulated by SIPC. Withdrawal of funds from Binomo can be done using Bank Wire, Visa/Mastercard, Cryptocurrency with a withdrawal fee of free. And Charles Schwab provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. The time for withdrawal in Binomo is within 3 business days, and that one in Charles Schwab is 5 days.
As a result, the rating of Binomo is 3.9 stars versus that of Charles Schwab of 4.1 stars.