Comparison IronFX vs Robinhood
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare IronFX vs Robinhood. Which of them: IronFX or Robinhood a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. IronFX has a commission fee of spreads from 0.3 pips, commissions of 0.10%, and Robinhood has a commission fee of commission-free. 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 IronFX provides customers with Stocks Trading, Forex Trading, Futures Trading, Crypto Trading, and Robinhood provides customers with Stocks Trading, Options Trading, ETFs Trading, Crypto Trading. As for platforms, IronFX offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, 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. IronFX was founded in 2010 in Cyprus, and it is regulated by FCA, ASIC, CySEC, FSB. And Robinhood was founded in 2013 in USA, and it is regulated by SEC, FINRA. We can withdraw funds from IronFX with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. And Robinhood provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is free. The time for withdrawal in IronFX is 1 - 5 business days, and that one in Robinhood is 5 days trading holding period for uninvested funds.
As a result, the rating of IronFX is 4.8 stars versus that of Robinhood of 3.4 stars.