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Comparison Binomo vs Firstrade

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Binomo vs Firstrade. Is Binomo or Firstrade 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, Firstrade has a commission fee of $0. 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 Binomo provides customers with Options Trading, and Firstrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading. Concerning the platforms, Binomo uses Web Platform, Android App, iOS App, while Firstrade 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. Binomo was established in 2014 in Seychelles, and it is regulated by International Financial Commission. And Firstrade was established in 1985 in United States, and it is regulated by SEC and FINRA. We can withdraw funds from Binomo with the help of Bank Wire, Visa/Mastercard, Cryptocurrency, and its withdrawal fee is free. And Firstrade provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is $30 domestic US, $50 international. The time for withdrawal in Binomo is within 3 business days, and that one in Firstrade is 2-3 business days.

As a result, the rating of Binomo is 3.9 stars versus that of Firstrade of 3.9 stars.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
Binomo
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
Firstrade
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Binomo
Stock
N/A
ETFs
N/A
Options
None - fixed payouts
Mutual Funds
N/A
Bonds
N/A
Firstrade
Stock
$0
ETFs
$0
Options
$0
Mutual Funds
$0
Bonds
$40

Types of trading

Types of trading
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Binomo
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Firstrade
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Binomo
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Firstrade
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform

Tools

Tools
Research & Analysis
Education
Demo account
Binomo
Research & Analysis
Education
Demo account
Firstrade
Research & Analysis
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
Binomo
Android App
iOS App
Firstrade
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
Cryptocurrency
Binomo
Minimum deposit
$5.00
Bank Wire
Visa/Mastercard
Cryptocurrency
Firstrade
Minimum deposit
$0
Bank Wire
Visa/Mastercard
Cryptocurrency

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Cryptocurrency
Withdrawal Time
Withdrawal Fee
Binomo
Bank Wire
Visa/Mastercard
Cryptocurrency
Withdrawal Time
Within 3 business days
Withdrawal Fee
Free
Firstrade
Bank Wire
Visa/Mastercard
Cryptocurrency
Withdrawal Time
2-3 business days
Withdrawal Fee
$30 domestic US, $50 international

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
Binomo
Сountry of Origin
Seychelles
Year Founded
2014
Regulated By
International Financial Commission
Firstrade
Сountry of Origin
United States
Year Founded
1985
Regulated By
SEC and FINRA

Customer Service

Customer Service
Phone
Email
Live Chat
 
Binomo
Phone
+441143033932
Email
support@binomo.com
Live Chat
Yes
Firstrade
Phone
Yes
Email
Yes
Live Chat
No

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