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Comparison Binomo vs Olymp Trade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Binomo vs Olymp Trade. Is Binomo or Olymp Trade a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. When analyzing trading options, the commission fees of Binomo is none, and that one of Olymp Trade is none. 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 Binomo provides customers with Options Trading, and Olymp Trade provides customers with Options Trading. Concerning the platforms, Binomo uses Web Platform, Android App, iOS App, while Olymp Trade 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. Binomo was founded in 2014 in Seychelles, and it is regulated by International Financial Commission. And Olymp Trade was founded in 2014 in St. Vincent and the Grenadines, and it is regulated by Not Regulated. Withdrawal of funds from Binomo can be done using Bank Wire, Visa/Mastercard, Cryptocurrency with a withdrawal fee of free. And Olymp Trade provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The withdrawal time for Binomo is within 3 business days, and that one for Olymp Trade is 1 - 5 business days.
As a result, the rating of Binomo is 3.9 stars versus that of Olymp Trade of 4 stars.