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Compare Oanda vs SogoTrade


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

Oanda vs SogoTrade
overall rating
4.2 / 5.0
4.2 / 5.0
overall pros
  • Easy-to-use web trading platform
  • Easy and digital account opening
  • Powerful research tools
  • Easy and fully digital account opening
  • Relevant and fast customer service
  • Wide range of research tools
overall cons
  • Only FX, and some CFDs
  • Poor customer service
  • Pricey withdrawal
  • High non-trading fees
  • Limited product portfolio
  • Not user-friendly desktop trading platform
fees
3 stars
  • Low trading fees
  • Withdrawal fee
  • High financing rate
  • Financing rate calculation is non-transparent
4 stars
  • Low trading fees
  • Transparent fee structure
  • 100 commission-free trades at the beginning
  • High non-trading fees
account opening
4 stars
  • Fast account opening
  • Fully digital account opening
  • No minimum deposit
  • Sales team pushy
  • It can take up to 3 business days
5 stars
  • Fully digital account opening
  • No minimum deposit
  • User-friendly
deposit and withdrawal
4 stars
  • Several account base currencies
  • User-friendly
  • First withdrawal is free for credit/debit cards and electronic wallets
  • High withdrawal fee
  • Slow funding and withdrawal - over 3 days
2 stars
  • No deposit fee
  • Credit/Debit card not available
  • High withdrawal fee
  • Only one account base currency
web trading platform
5 stars
  • User-friendly
  • Good search function
  • Good customizability (for charts, workspace)
  • No price alerts
3 stars
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • Limited customizability (for charts, workspace)
  • No price alerts
  • Does not look appealing
mobile trading platform
4 stars
  • Two-step (safer) login
  • Price alerts
  • Does not look appealing
4 stars
  • User-friendly
  • Good variety of order types
  • No order confirmation
desktop trading platform
3 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Two-step (safer) login
  • Not user-friendly
  • Poor search function
1 stars
  • Good customizability (for charts, workspace)
  • Not user-friendly
  • No clear fee report available
  • Poor search function
  • Available only for Windows
markets and products
1 stars
  • Forex
  • CFD
1 stars
  • Stock
  • ETF
  • Options
research
4 stars
  • Good interactive chart
  • Good set of analytical tools
  • Great API offer
  • No analyst recommendations
  • No fundamental data available
  • Research tool are not at one place
4 stars
  • Analyst recommendations for any product
  • Data on asset fundamentals
  • Good quality news flow
  • Not user-friendly
  • Bad charting tools
customer service
3 stars
  • Live chat
  • Available from Sunday to Friday
  • Slow support
  • Irrelevant answers
5 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 availability
education
4 stars
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Videos can be better organized
2 stars
  • Trading platform tutorial
  • Easy to understand
  • No demo account
  • No educational videos
  • Hard to navigate
  • Regulated by top tier financial authority
  • High level of investor protection
  • Negative balance protection
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Regulated by top tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Forex traders that prefer a user-friendly platform and great research tools Stock and options traders aiming for a US-based stockbroker with great customer service