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Comparison Olymp Trade vs Tastyworks
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Olymp Trade vs Tastyworks. Which of them: Olymp Trade or Tastyworks 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, Tastyworks has a commission fee of $1. 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 Olymp Trade and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Futures Trading are provided by Tastyworks. Concerning the platforms, Olymp Trade uses Web Platform, Android App, iOS App, while Tastyworks uses Desktop Platform (Windows), Desktop Platform (MacOS), 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. Olymp Trade was founded in 2014 in St. Vincent and the Grenadines, and it is regulated by Not Regulated. And Tastyworks was founded in 2017 in United States, and it is regulated by FINRA, NFA and SIPC. Withdrawal of funds from Olymp Trade can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And Tastyworks provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $25-45. The time for withdrawal in Olymp Trade is 1 - 5 business days, and that one in Tastyworks is 3 business days.
As a result, the rating of Olymp Trade is 4 stars versus that of Tastyworks of 4 stars.