Comparison Binomo vs Fidelity

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Binomo vs Fidelity. Is Binomo or Fidelity a better online broker?

First of all, we’ll compare the commission fees of the two brokers. When analyzing trading options, the commission fees of Binomo is none, and that one of Fidelity is $4.95 + $0.65. You can read more detailed information on commission fees in the online broker reviews.

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 Binomo provides customers with Options Trading, and Fidelity provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading. As for platforms, Binomo offers Web Platform, Android App, iOS App, while Fidelity offers Desktop Platform (Windows), Desktop Platform (MacOS), 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. Binomo was founded in 2014 in Seychelles, and it is regulated by International Financial Commission. And Fidelity was founded in 1946 in USA, and it is regulated by SEC, FINRA, FCA (UK). We can withdraw funds from Binomo with the help of Bank Wire, Visa/Mastercard, Cryptocurrency, and its withdrawal fee is free. And Fidelity provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $10 (Bank Wire). The withdrawal time for Binomo is within 3 business days, and that one for Fidelity is immediate (Bank Wire).

As a result, the rating of Binomo is 3.9 stars versus that of Fidelity of 4.3 stars.