Comparison Olymp Trade vs Robinhood
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Olymp Trade vs Robinhood. Is Olymp Trade 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. Olymp Trade has a commission fee of none, Robinhood has a commission fee of commission-free. 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 Olymp Trade provides customers with Options Trading, and Robinhood provides customers with Stocks Trading, Options Trading, ETFs Trading, Crypto Trading. As for platforms, Olymp Trade offers Web Platform, Android App, iOS App, while Robinhood offers 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. Olymp Trade was founded in 2014 in St. Vincent and the Grenadines, and it is regulated by Not Regulated. And Robinhood was founded in 2013 in USA, and it is regulated by SEC, FINRA. Withdrawal of funds from Olymp Trade 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 Olymp Trade is 1 - 5 business days, and that one for Robinhood is 5 days trading holding period for uninvested funds.
As a result, the rating of Olymp Trade is 4 stars versus that of Robinhood of 3.4 stars.