Compare CMC Markets vs SogoTrade


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

CMC Markets vs SogoTrade
overall rating
4.6
4.2
overall pros
  • Low forex fees
  • Great web and mobile platforms
  • Advanced research and educational tools
  • Low stock and ETF fees
  • Wide range of research tools
  • Relevant and fast customer service
overall cons
  • High stock CFD fees
  • Limited product portfolio
  • Complicated account verification
  • High non-trading fees
  • Limited product portfolio
  • Not user-friendly desktop trading platform
fees
3.5
  • Low forex fees
  • No withdrawal fee
  • High stock CFD fees
3.9
  • Low trading fees
  • Low stock and ETF fees
  • Low inactivity fee
  • High margin rates
  • High fee for wire withdrawal
account opening
4.1
  • Fully digital
  • No minimum deposit
  • Complicated account verification
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Not user-friendly
deposit and withdrawal
4.8
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • £15 fee for international bank transfers
1.8
  • No deposit fee
  • Free ACH withdrawal
  • Only one account base currency
  • Slow withdrawal - over 3 days
  • High fee for wire withdrawal
web trading platform
4.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Modern design
  • 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
4.4
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
4.5
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
0.9
  • 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
2.2
  • Forex
  • CFD
  • Crypto
1.7
  • Stock
  • ETF
  • Options
  • Crypto
research
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
3.5
  • Trading ideas
  • Data on asset fundamentals
  • Great SogoPlay tool for options strategies
  • Bad charting tools
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
0.5
  • 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
  • Does not hold a banking license
  • 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 an advanced trading platform with many research tools Stock and options traders with a US focus who value great customer service
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