eOption
Robinhood
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Overview
eOption was founded in 2008 and is headquartered in USA, while Robinhood was established in 2013 and is based in USA. eOption holds licences including Unregulated, while Robinhood is regulated by Financial Conduct Authority (FCA) among others. eOption serves 10,000+ clients worldwide; Robinhood has 10,000,000+. The minimum deposit is $500 at eOption and $0 at Robinhood.
| Feature | eOption | Robinhood |
|---|---|---|
| Min. Deposit | $500 | $0 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Founded | 2008 | 2013 |
| Country | USA | USA |
| Clients | 10,000+ | 10,000,000+ |
Fees
Fees are a critical factor when choosing between eOption and Robinhood, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $500 at eOption). eOption charges withdrawal fees while Robinhood does not, a notable advantage for frequent withdrawers. eOption charges deposit fees; Robinhood does not. Overall, Robinhood scores higher on fees in our assessment.
| Feature | eOption | Robinhood |
|---|---|---|
| Min. Deposit | $500 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
eOption offers MT4, MT5, cTrader, while Robinhood supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Robinhood supports social and copy trading features, which eOption does not offer. eOption edges ahead on platform breadth and functionality in our scoring.
| Feature | eOption | Robinhood |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how eOption and Robinhood compare. Robinhood runs regular live webinars; eOption does not. Both provide video tutorials. Robinhood publishes daily market commentary; eOption does not. Both integrate third-party research tools. Robinhood maintains an archive of past webinars for on-demand viewing. Robinhood scores higher overall in education and research.
| Feature | eOption | Robinhood |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. eOption accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Robinhood supports 1 (bank transfer). eOption uniquely supports credit/debit card among the two brokers. eOption scores higher on deposit and withdrawal flexibility.
| Feature | eOption | Robinhood |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both eOption and Robinhood offer live chat support. eOption offers phone support; Robinhood does not. Email support is available at both brokers. eOption supports 2 languages and Robinhood supports 13, giving Robinhood broader global reach. eOption scores higher overall on customer support in our assessment.
| Feature | eOption | Robinhood |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |