Compare Interactive Brokers vs SogoTrade


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

Interactive Brokers vs SogoTrade
overall rating
4.9
4.1
overall pros
  • Wide range of products
  • Many great research tools
  • Regulated by several authorities
  • Low stock and ETF fees
  • Wide range of research tools
  • Relevant and fast customer service
overall cons
  • Extremely complex desktop trading platform
  • Complicated account opening process
  • Funding and withdrawal only via bank transfer
  • High non-trading fees
  • Limited product portfolio
  • Not user-friendly desktop trading platform
fees
4.0
  • Low trading fees
  • Low stock and ETF fees
  • Low financing rate
  • Free stock and ETF trading for US clients
  • Inactivity fee
4.0
  • Low trading fees
  • Low stock and ETF fees
  • Low inactivity fee
  • High financing/margin rates
  • High fee for wire withdrawal
account opening
3.0
  • Fully digital
  • No minimum deposit for most accounts types
  • Not user-friendly
  • Confusing messages throughout the process
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Not user-friendly
deposit and withdrawal
3.0
  • No deposit fee
  • Several account base currencies
  • First withdrawal each month free
  • Credit/Debit card not available
  • Not user-friendly
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
4.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
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
4.0
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
5.0
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Too complex for beginners
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
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • Warrants
  • Structured Products
  • Indices
  • Metals
2.0
  • Stock
  • ETF
  • Options
  • Crypto
research
4.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Great SogoPlay tool for options strategies
  • Bad charting tools
customer service
4.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Courses only available after registration
1.0
  • Educational articles about many topics
  • No demo account
  • No educational videos
  • Hard to navigate
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
  • 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 Traders looking for low fees and a professional trading environment Stock and options traders with a US focus who value great customer service
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