Comparison IQ Option vs Robinhood
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares IQ Option vs Robinhood. Is IQ Option or Robinhood a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of IQ Option on regular transactions of the stock exchange is from 0.16%, and Robinhood has a commission fee of commission-free. When analyzing trading options, the commission fees of IQ Option is from 0.035%, and that one of Robinhood is 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. Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Crypto Trading are provided to customers by IQ Option and Stocks Trading, Options Trading, ETFs Trading, Crypto Trading are provided by Robinhood. Concerning the platforms, IQ Option 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. IQ Option was established in 2013 in Seychelles, and it is regulated by Not Regulated. And Robinhood was established in 2013 in USA, and it is regulated by SEC, FINRA. Withdrawal of funds from IQ Option can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And Robinhood provides the ability to withdraw funds using Bank Wire with a withdrawal fee of free. The withdrawal time for IQ Option is within 1 business day, and that one for Robinhood is 5 days trading holding period for uninvested funds.
As a result, the rating of IQ Option is 3.9 stars versus that of Robinhood of 3.4 stars.