IG
SogoTrade
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Traders of any experience level looking for an easy-to-use trading platform
Recommended for Stock and options traders with a US focus who value great customer service
UK
USA
Fees
High trading fees, average non-trading 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
6
1
Deposit type
Withdrawal type
Account opening
$0
$0
1-3 days
1 day
Proof of identity: ID / passport / 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: 76% 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. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.
Research, education
Great
Poor
Customer service
Security
£85,000 in the UK, €20,000 in the rest of Europe excl. Switzerland, no protection in the US and many other countries
$500,000 (securities up to $500,000, cash up to $250,000)
1974
1986
UK, EU, Switzerland, USA, Singapore, Japan, South Africa, UAE, Australia, New Zealand
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.
IG's service is on par with SogoTrade's and a comparison of their fees shows that IG's fees are similar to SogoTrade's.
Account opening takes somewhat more effort at IG compared to SogoTrade, deposit and withdrawal processes are much more seamless at IG, while customer service quality is somewhat lower than SogoTrade's.
Our experts rated the trading platform of IG as much better than the platform of SogoTrade, found that clients have access to much more markets and products with IG, while SogoTrade provides just about the same quality of research and education.