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Comparison HighLow vs Robinhood
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare HighLow vs Robinhood. Which of them: HighLow or Robinhood 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. HighLow 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.
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 HighLow provides customers with Options Trading, and Robinhood provides customers with Stocks Trading, Options Trading, ETFs Trading, Crypto Trading. Concerning the platforms, HighLow uses Web Platform, Android App, iOS App, while Robinhood uses 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. HighLow was founded in 2014 in Australia, and it is regulated by ASIC. And Robinhood was founded in 2013 in USA, and it is regulated by SEC, FINRA. We can withdraw funds from HighLow with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is 2% fee on all withdrawals. And Robinhood provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is free. The time for withdrawal in HighLow is 1 - 3 business days, and that one in Robinhood is 5 days trading holding period for uninvested funds.
Overall, HighLow boasts 4.6 stars versus Robinhood 3.4 stars.