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Compare Forex.com vs SogoTrade


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

Forex.com vs SogoTrade
overall rating
4.3 / 5.0
4.2 / 5.0
overall pros
  • Low forex fees
  • Great variety of currency pairs
  • Superb technical research tools
  • Easy and fully digital account opening
  • Relevant and fast customer service
  • Wide range of research tools
overall cons
  • Limited product portfolio
  • High stock CFD fees
  • Not user-friendly desktop trading platform
  • High non-trading fees
  • Limited product portfolio
  • Not user-friendly desktop trading platform
fees
3 stars
  • No withdrawal fee
  • Low financing rate
  • Inactivity fee
4 stars
  • Low trading fees
  • Transparent fee structure
  • 100 commission-free trades at the beginning
  • High non-trading fees
account opening
4 stars
  • Fully digital account opening
  • User-friendly
  • Many account types
  • Slow account opening
5 stars
  • Fully digital account opening
  • No minimum account balance
  • User-friendly
deposit and withdrawal
4 stars
  • Credit/Debit card deposit and withdrawal
  • Free withdrawal
  • No deposit fee
  • Lengthy 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
4 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safe) login
  • Bugs
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 two-step (safe) login
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
  • Available in several languages
  • Not user-friendly
  • No two-step (safe) login
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
1 stars
  • Forex
  • CFD
  • Crypto
1 stars
  • Stock
  • ETF
  • Options
research
5 stars
  • Good interactive chart
  • Analyst recommendations for stocks, bonds, etc.
  • Good quality news flow
4 stars
  • Analyst recommendations for stocks, bonds, etc.
  • Data on asset fundamentals
  • Good quality news flow
  • Not user-friendly
  • Bad charting tools
customer service
5 stars
  • Phone support
  • Live chat
  • Fast response time
  • Low-quality email support
5 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 availability
education
5 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
2 stars
  • Trading platform tutorial videos
  • Easy to understand
  • No demo account
  • No educational videos
  • Hard to navigate
  • Regulated by top tier financial authority
  • High level of investor protection
  • Parent company listed on stock exchange
  • 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 Forex traders looking for great research tools and customer service Stock and options traders aiming for a US-based stockbroker with great customer service