Comparison Plus500 vs Robinhood
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Plus500 vs Robinhood. Which of them: Plus500 or Robinhood a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. Plus500 has a commission fee of from 0.45%, and Robinhood has a commission fee of commission-free. When analyzing trading options, the commission fees of Plus500 is from 2 pips, 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, Futures Trading, Crypto Trading are provided to customers by Plus500 and Stocks Trading, Options Trading, ETFs Trading, Crypto Trading are provided by Robinhood. Concerning the platforms, Plus500 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. Plus500 was established in 2008 in Israel, and it is regulated by FCA, CySEC, FSCA, FMA, MAS, ISA, ASIC. And Robinhood was established in 2013 in United States, and it is regulated by SEC, FINRA. We can withdraw funds from Plus500 with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is £0. And Robinhood provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is free. The withdrawal time for Plus500 is 1-2 working days, and that one for Robinhood is 5 days trading holding period for uninvested funds.
As a result, the rating of Plus500 is 4 stars versus that of Robinhood of 3.4 stars.