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Compare Flatex vs SogoTrade


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

Flatex vs SogoTrade
overall rating
4.1 / 5.0
4.2 / 5.0
overall pros
  • Cheap ETF and fund trading
  • Listed on a stock exchange, strong parent company
  • Great educational tools
  • Easy and fully digital account opening
  • Relevant and fast customer service
  • Wide range of research tools
overall cons
  • Complicated account opening for non-Germans
  • Only bank transfer is available for deposit and withdrawal
  • Services are only in German
  • High non-trading fees
  • Limited product portfolio
  • Not user-friendly desktop trading platform
fees
3 stars
  • No withdrawal fee
  • No inactivity fee
  • Low fund fees
  • High financing rate
  • High US stock fee
  • High forex fees
4 stars
  • Low trading fees
  • Transparent fee structure
  • 100 commission-free trades at the beginning
  • High non-trading fees
account opening
2 stars
  • No minimum account balance
  • Fully digital account opening for German clients
  • Slow account opening
  • Not fully digital
  • Not user-friendly
5 stars
  • Fully digital account opening
  • No minimum account balance
  • User-friendly
deposit and withdrawal
3 stars
  • Free withdrawal
  • No deposit fee
  • Credit/Debit card deposit and withdrawal not available
  • Only one account base currency
  • Slow funding and withdrawal - over 3 days
2 stars
  • No deposit fee
  • Credit/Debit card deposit and withdrawal not available
  • High withdrawal fee
  • Only one account base currency
web trading platform
3 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • Limited customizability (for charts, workspace)
  • No price alerts
  • Only in German
3 stars
  • Two-step (safe) login
  • Good search function
  • Good variety of order types
  • Limited customizability (for charts, workspace)
  • No price alerts
  • Does not look nice
mobile trading platform
4 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • No price alerts
  • Only in German
4 stars
  • User-friendly
  • Good variety of order types
  • No order confirmation
desktop trading platform
3 stars
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Price alerts
  • Not user-friendly
  • Not free
1 stars
  • Good customizability (for charts, workspace)
  • Not user-friendly
  • No clear fee report available
  • Poor search function
  • Available only for Windows
markets and products
3 stars
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • CFD
  • Warrants
  • Certificate
  • Turbo
1 stars
  • Stock
  • ETF
  • Options
research
3 stars
  • Good interactive chart
  • Data on asset fundamentals
  • No analyst recommendations for stocks, bonds, etc.
  • Not user-friendly
4 stars
  • Analyst recommendations for stocks, bonds, etc.
  • Data on asset fundamentals
  • Good quality news flow
  • Not user-friendly
  • Bad charting tools
customer service
4 stars
  • Relevant answers
  • Professional tone
  • No live chat
  • German only telephone support
5 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 availability
education
4 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
  • Only in German
2 stars
  • Trading platform tutorial videos
  • Easy to understand
  • No demo account
  • No educational videos
  • Hard to navigate
  • Regulated by top tier financial authority
  • Banking background
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for German speaking investors and CFD traders focusing mainly on European securities Stock and options traders aiming for a US-based stockbroker with great customer service