SogoTrade
Trading 212
Basic data of broker
Recommended for Stock and options traders with a US focus who value great customer service
Recommended for Equity investors and CFD traders looking for easy-to-use trading platforms
USA
Bulgaria
Fees
Low trading fees, average non-trading fees, low stock and ETF fees
Commission-free real stocks and ETFs, high CFD 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
8
Deposit type
Withdrawal type
Account opening
$0
$0
1 day
1 day
Proof of identity: passport Proof of residency: bank statement / utility bill
Proof of identity: passport / national ID / driver's licence Proof of address: bank statement / utility bill / mortgage statement / credit card statement
Trading platform
Markets and products
Disclaimer: 68% 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.
Research, education
Poor
Great
Customer service
Security
$500,000 (securities up to $500,000, cash up to $250,000)
£85,000 for clients under FCA, and €20,000 for clients under CySEC or FSC Bulgaria
1986
2004
USA
UK, Bulgaria, Cyprus
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.
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.
SogoTrade's service is on par with Trading 212's and a comparison of their fees shows that SogoTrade's fees are similar to Trading 212's.
Account opening takes somewhat less effort at SogoTrade compared to Trading 212, deposit and withdrawal processes are considerably more complicated at SogoTrade, while customer service quality is similar to Trading 212's.
Our experts rated the trading platform of SogoTrade as less user-friendly than the platform of Trading 212, found that clients have access to less markets and products with SogoTrade, while Trading 212 provides just about the same quality of research and education.