Compare SogoTrade vs TMGM


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

SogoTrade vs TMGM
overall rating
4.2
4.4
overall pros
  • Low stock and ETF fees
  • Wide range of research tools
  • Relevant and fast customer service
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
overall cons
  • High non-trading fees
  • Limited product portfolio
  • Not user-friendly desktop trading platform
  • Slim product portfolio
  • Limited research and educational tools
  • No negative balance protection
fees
4.2
  • Low trading fees
  • Low stock and ETF fees / Free stock trading
  • Low inactivity fee
  • High margin rates
  • High fee for wire withdrawal
4.6
  • Low forex fees
  • No withdrawal fee
  • No inactivity fee
  • Inactivity fee
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Not user-friendly
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
1.8
  • No deposit fee
  • Free ACH withdrawal
  • Only one account base currency
  • Slow withdrawal - over 3 days
  • High fee for wire withdrawal
4.3
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Minor currencies not accepted
web trading platform
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)
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
4.5
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
0.9
  • Good customizability (for charts, workspace)
  • Not user-friendly
  • No clear fee report available
  • No two-step (safer) login
  • Available only for Windows
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
1.7
  • Stock
  • ETF
  • Options
  • Crypto
1.9
  • Forex
  • CFD
  • Crypto
research
3.5
  • Trading ideas
  • Data on asset fundamentals
  • Great SogoPlay tool for options strategies
  • Bad charting tools
4.0
  • Trading ideas
  • User-friendly
  • Good set of analytical tools
  • Good economic calendar
customer service
4.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.5
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
  • Phone support problematic
education
0.5
  • Educational articles about many topics
  • No demo account
  • No educational videos
  • Hard to navigate
2.0
  • Demo account
  • Quality educational texts in its blog
  • No trading platform tutorial videos
  • No educational videos
  • No webinars
  • 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
  • Regulated by the top-tier ASIC
  • Not listed on stock exchange
  • No investor protection by regulators
recommended for Stock and options traders with a US focus who value great customer service Forex traders who prefer the MetaTrader platform
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