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
4.6
4.1
overall pros
  • Generally low fees
  • Easy-to-use web trading platform
  • Easy and digital account opening
  • Low stock and ETF fees
  • Wide range of research tools
  • Relevant and fast customer service
overall cons
  • Only FX and some CFDs
  • Poor customer service
  • High bank withdrawal fee
  • High non-trading fees
  • Limited product portfolio
  • Not user-friendly desktop trading platform
fees
4.0
  • Low trading fees
  • Low forex fees
  • No withdrawal fee
  • No withdrawal fee in most cases
  • High withdrawal fee for bank transfers
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
  • No minimum deposit
  • Low minimum deposit
  • Issues with ID verification can slow account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Not user-friendly
deposit and withdrawal
4.0
  • Credit/Debit card available
  • No deposit fee
  • Withdrawal is free for PayPal and for the first debit card transaction each month
  • High withdrawal fee for bank transfers
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
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • No price alerts
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
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No Touch/Face ID login
5.0
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
desktop trading platform
4.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • 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
2.0
  • Forex
  • CFD
2.0
  • Stock
  • ETF
  • Options
  • Crypto
research
5.0
  • Good interactive chart
  • Quality news flow
  • User-friendly
  • Great API
  • Research tools are poorly organized
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Great SogoPlay tool for options strategies
  • Bad charting tools
customer service
3.0
  • Phone support
  • Live chat
  • No 24/7 support
  • Speed could be improved
4.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Materials are not well-organized
1.0
  • Educational articles about many topics
  • No demo account
  • No educational videos
  • Hard to navigate
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Financial information is publicly available
  • Does not hold a banking license
  • Not listed on stock exchange
  • 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 who value a user-friendly platform and great research tools Stock and options traders with a US focus who value great customer service
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