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Comparison Binomo vs Robinhood
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Binomo vs Robinhood. Is Binomo or Robinhood a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. Let’s analyze the commission fees on trading options. Binomo has a commission fee of none, Robinhood has a commission fee of commission-free. 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, Options Trading, ETFs Trading, Crypto Trading are provided by Robinhood. Concerning the platforms, Binomo uses Web Platform, Android App, iOS App, while Robinhood 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 established in 2014 in Seychelles, and it is regulated by International Financial Commission. And Robinhood was established in 2013 in USA, and it is regulated by SEC, FINRA. Withdrawal of funds from Binomo can be done using Bank Wire, Visa/Mastercard, Cryptocurrency with a withdrawal fee of free. And Robinhood provides the ability to withdraw funds using Bank Wire with a withdrawal fee of free. The time for withdrawal in Binomo is within 3 business days, and that one in Robinhood is 5 days trading holding period for uninvested funds.
As a result, the rating of Binomo is 3.9 stars versus that of Robinhood of 3.4 stars.