Compare FXCM vs SogoTrade

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

FXCM vs SogoTrade
open account	Visit broker 70.96% of retail CFD accounts lose money	Visit broker
overall rating	4.2	4.1
overall pros	Fast and straightforward account opening Good technical research tools High quality educational content	Low stock and ETF fees Wide range of research tools Relevant and fast customer service
overall cons	Limited product portfolio Poor mobile platform Poor website trading platform	High non-trading fees Limited product portfolio Not user-friendly desktop trading platform
fees	4.0 Low trading fees No withdrawal fee High AUDUSD trading fee	4.0 Low trading fees Low stock and ETF fees Low inactivity fee High financing/margin rates High fee for wire withdrawal
account opening	4.0 Fully digital Low minimum deposit User-friendly Account opening time slower than at most forex brokers	5.0 Fast Fully digital No minimum deposit Not user-friendly
deposit and withdrawal	4.0 Credit/Debit card available Free withdrawal No deposit fee Slow withdrawal - over 3 days	2.0 No deposit fee Free ACH withdrawal Only one account base currency Slow withdrawal - over 3 days High fee for wire withdrawal
web trading platform	3.0 Clear fee report Good customizability (for charts, workspace) Good variety of order types Not user-friendly No two-step (safer) login Poor search function	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	1.0 Good variety of order types Order confirmation Not user-friendly No two-step (safer) login Poor search function	5.0 User-friendly Good search function Good variety of order types No two-step (safer) login
desktop trading platform	3.0 Clear fee report Good customizability (for charts, workspace) Good variety of order types No two-step (safer) login No price alerts	1.0 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	1.0 Forex CFD Crypto	2.0 Stock ETF Options Crypto
research	5.0 Good interactive chart Trading ideas Quality news flow No fundamental data available	4.0 Trading ideas Data on asset fundamentals Great SogoPlay tool for options strategies Bad charting tools
customer service	5.0 Phone support Live chat Fast response time No 24/7 support	4.0 Phone support Live chat Fast response time No 24/7 support
education	5.0 Demo account Trading platform tutorial Educational videos	1.0 Educational articles about many topics No demo account No educational videos Hard to navigate
safety	Majority of clients belong to a top-tier financial authority Banking background Negative balance protection	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	Forex traders looking for easy account opening, funding, and withdrawal	Stock and options traders with a US focus who value great customer service

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