Compare Fineco Bank vs SogoTrade


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

Fineco Bank vs SogoTrade
overall rating
4.6
4.2
overall pros
  • Low trading and non-trading fees
  • Great mobile trading platform
  • Rock-solid background
  • Low stock and ETF fees
  • Wide range of research tools
  • Relevant and fast customer service
overall cons
  • Only bank transfer for deposit
  • Limited educational tools
  • Poor charting tools
  • High non-trading fees
  • Limited product portfolio
  • Not user-friendly desktop trading platform
fees
3.4
  • Low stock, ETF, bond, and fund fees
  • Low CFD and futures fees
  • Low non-trading fees
  • High forex and options fees
  • High fees for CFD overnight positions
3.9
  • Low trading fees
  • Low stock and ETF fees
  • Low inactivity fee
  • High financing/margin rates
  • High fee for wire withdrawal
account opening
4.4
  • Fully digital
  • No minimum deposit
  • Bit slow account verification
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Not user-friendly
deposit and withdrawal
3.3
  • No deposit fee
  • Several account base currencies
  • Free withdrawal in most cases
  • Credit/Debit card is not available for deposit
  • Missing electronic wallets
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
4.3
  • Good search function
  • Good variety of order types
  • Modern design
  • Limited customizability (for charts, workspace)
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
4.7
  • User-friendly
  • Good search function
  • Modern design
4.5
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
desktop trading platform
2.7
  • Good customizability (for charts, workspace)
  • Good search function
  • Not user-friendly
  • No clear fee report available
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
3.8
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
1.7
  • Stock
  • ETF
  • Options
  • Crypto
research
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Great screeners
  • Limited interactive charting
3.5
  • Trading ideas
  • Data on asset fundamentals
  • Great SogoPlay tool for options strategies
  • Bad charting tools
customer service
4.0
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
4.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
3.0
  • Educational videos
  • Webinars
  • No demo account
0.5
  • Educational articles about many topics
  • No demo account
  • No educational videos
  • Hard to navigate
  • High level of investor protection
  • Banking background
  • Listed on stock exchange
  • 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 Traders and investors looking for great trading platform and broker with a solid background Stock and options traders with a US focus who value great customer service
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