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Comparison Binomo vs Interactive Brokers
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Binomo vs Interactive Brokers. Is Binomo or Interactive Brokers 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, Interactive Brokers has a commission fee of $0 + $0.70 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, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided by Interactive Brokers. Concerning the platforms, Binomo uses Web Platform, Android App, iOS App, while Interactive Brokers uses 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 founded in 2014 in Seychelles, and it is regulated by International Financial Commission. And Interactive Brokers was founded in 1978 in United States, and it is regulated by NYSE, FINRA, SIPC. Withdrawal of funds from Binomo can be done using Bank Wire, Visa/Mastercard, Cryptocurrency with a withdrawal fee of free. And Interactive Brokers 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 Interactive Brokers is 3-5 days.
As a result, the rating of Binomo is 3.9 stars versus that of Interactive Brokers of 4.1 stars.