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Comparison 24option vs SogoTrade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare 24option vs SogoTrade. Which of them: 24option or SogoTrade a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Let’s analyze the commission fees on trading options. 24option has a commission fee of €10 fee per month, SogoTrade has a commission fee of $2.88 + 50c. You can read more detailed information on commission fees in the online broker reviews.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are 24option provides customers with Stocks Trading, Forex Trading, Crypto Trading, and SogoTrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading. As for platforms, 24option offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App, while SogoTrade offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. 24option was founded in 2009 in Cyprus, and it is regulated by CySEC, IFSC. And SogoTrade was founded in 1986 in United States, and it is regulated by SEC and FINRA. Withdrawal of funds from 24option can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $35. And SogoTrade provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $25 for US wire transfer. The time for withdrawal in 24option is 5 - 10 business days, and that one in SogoTrade is 3 business days.
As a result, the rating of 24option is 3.9 stars versus that of SogoTrade of 4 stars.