Compare City Index vs SogoTrade


Online brokers compared for fees, trading platforms, safety and more. See how City Index stacks up against SogoTrade!

City Index vs SogoTrade
overall rating
4.6
4.1
overall pros
  • Low fees for forex and index CFDs
  • Fast and smooth account opening
  • Diverse research tools
  • Low stock and ETF fees
  • Wide range of research tools
  • Relevant and fast customer service
overall cons
  • Limited product portfolio
  • High stock CFD fees
  • Not user-friendly desktop platform
  • High non-trading fees
  • Limited product portfolio
  • Not user-friendly desktop trading platform
fees
4.0
  • Low forex fees
  • No withdrawal fee
  • Low stock index CFD fees
  • Inactivity fee
  • High stock CFD fee
4.0
  • Low trading fees
  • Low stock and ETF fees
  • Low inactivity fee
  • High financing/margin rates
  • High fee for wire withdrawal
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Not user-friendly
deposit and withdrawal
4.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Problem with credit card withdrawal
2.0
  • No deposit fee
  • Free ACH withdrawal
  • Only one account base currency
  • Slow withdrawal - over 3 days
  • High fee for wire withdrawal
web trading platform
4.0
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
3.0
  • User-friendly
  • Good search function
  • Good variety of order types
  • No clear fee report available
  • No two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.0
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No Touch/Face ID login
5.0
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • No two-step (safer) login
  • Poor design
1.0
  • Good customizability (for charts, workspace)
  • Not user-friendly
  • No clear fee report available
  • No two-step (safer) login
  • Available only for Windows
markets and products
2.0
  • Forex
  • CFD
  • Crypto
2.0
  • Stock
  • ETF
  • Options
  • Crypto
research
4.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • No fundamental data available
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Great SogoPlay tool for options strategies
  • Bad charting tools
customer service
4.0
  • Phone support
  • Live chat
  • Great telephone support
  • No 24/7 support
  • Email response time is slow
4.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
1.0
  • Educational articles about many topics
  • No demo account
  • No educational videos
  • Hard to navigate
  • Majority of clients belong to a top-tier financial authority
  • Listed on stock exchange
  • Negative balance protection
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Forex and CFD traders looking for low forex fees and great research tools Stock and options traders with a US focus who value great customer service
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