Online brokers compared for fees, trading platforms, safety and more. See how FXCM stacks up against SogoTrade!
Last update of data—Dec 2022
FXCM is a UK-based broker offering forex and CFD trading. It is regulated by the FCA and Australia's ASIC.
SogoTrade is a US-based stockbroker, regulated by top-tier US authorities like the SEC and FINRA. It is not listed on a stock exchange and does not have a banking background.
Recommended for forex traders looking for easy account opening, funding and withdrawal.
Recommended for stock and options traders with a US focus who value great customer service.
FXCM
FXCM is a UK-based broker offering forex and CFD trading. It is regulated by the FCA and Australia's ASIC.
Recommended for forex traders looking for easy account opening, funding and withdrawal.
SogoTrade
SogoTrade is a US-based stockbroker, regulated by top-tier US authorities like the SEC and FINRA. It is not listed on a stock exchange and does not have a banking background.
Recommended for stock and options traders with a US focus who value great customer service.
FXCM's service is on par with SogoTrade's and a comparison of their fees shows that FXCM's fees are similar to SogoTrade's.
Account opening takes somewhat more effort at FXCM compared to SogoTrade, deposit and withdrawal processes are more seamless at FXCM, while customer service quality is similar to SogoTrade's.
Our experts rated the trading platform of FXCM as better than the platform of SogoTrade, found that clients have access to slightly less markets and products with FXCM, while SogoTrade provides somewhat lower-quality research and education.
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Brokers displayed might not be available in United States.