Comparison Robinhood vs UFX
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Robinhood vs UFX. Is Robinhood or UFX a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of Robinhood on regular transactions of the stock exchange is commission-free, and UFX has a commission fee of from 130. 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, Crypto Trading are provided to customers by Robinhood and Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading are provided by UFX. Concerning the platforms, Robinhood uses Web Platform, Android App, iOS App, while UFX uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, 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. Robinhood was founded in 2013 in USA, and it is regulated by SEC, FINRA. And UFX was founded in 2007 in Republic of Vanuatu, and it is regulated by VFSC. We can withdraw funds from Robinhood with the help of Bank Wire, and its withdrawal fee is free. And UFX provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. The time for withdrawal in Robinhood is 5 days trading holding period for uninvested funds, and that one in UFX is up to 10 business days.
As a result, the rating of Robinhood is 3.4 stars versus that of UFX of 3.6 stars.