moomoo
SogoTrade
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Investors and traders looking for zero-commission trading and focusing on US markets.
Recommended for Stock and options traders with a US focus who value great customer service
USA
USA
Fees
Low trading and 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
1
1
Deposit type
Withdrawal type
Account opening
$0
$0
1-3 days
1 day
Proof of identity: social security number Proof of residency: bank statement / utility bill / rental statement
Proof of identity: passport Proof of residency: bank statement / utility bill
Trading platform
Markets and products
Research, education
Great
Poor
Customer service
Security
$500,000 (securities up to $500,000, cash up to $250,000)
$500,000 (securities up to $500,000, cash up to $250,000)
2018
1986
USA, Singapore
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.
moomoo's service is slightly better than SogoTrade's and a comparison of their fees shows that moomoo's fees are slightly lower than SogoTrade's.
Account opening takes somewhat more effort at moomoo compared to SogoTrade, deposit and withdrawal processes are about the same quality at moomoo, while customer service quality is similar to SogoTrade's.
Our experts rated the trading platform of moomoo as better than the platform of SogoTrade, found that clients have access to about the same number of markets and products with moomoo, while SogoTrade provides less useful research and education.