FP Markets
SogoTrade
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Forex and CFD traders familiar with the MetaTrader and IRESS trading platforms
Recommended for Stock and options traders with a US focus who value great customer service
Australia
USA
Fees
Low trading and non-trading fees, high stock CFD fees
Low trading fees, average non-trading fees, low stock and ETF fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
10
1
Deposit type
Withdrawal type
Account opening
$100
$0
1 day
1 day
Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill
Proof of identity: passport Proof of residency: bank statement / utility bill
Trading platform
Markets and products
Disclaimer: 75.31% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Mid-range
Poor
Customer service
Security
No protection under ASIC, €20,000 under CySEC, No protection under Financial Services Authority (St. Vincent and the Grenadines)
$500,000 (securities up to $500,000, cash up to $250,000)
2005
1986
Australia, Cyprus, St. Vincent and the Grenadines
USA
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
FP Markets's service is on par with SogoTrade's and a comparison of their fees shows that FP Markets's fees are similar to SogoTrade's.
Account opening takes about the same effort at FP Markets compared to SogoTrade, deposit and withdrawal processes are much more seamless at FP Markets, while customer service quality is similar to SogoTrade's.
Our experts rated the trading platform of FP Markets as somewhat better than the platform of SogoTrade, found that clients have access to about the same number of markets and products with FP Markets, while SogoTrade provides just about the same quality of research and education.