Comparison AvaTrade vs SogoTrade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare AvaTrade vs SogoTrade. Which of them: AvaTrade or SogoTrade a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of AvaTrade on regular transactions of the stock exchange is average 0.13%, and SogoTrade has a commission fee of $2.88. When analyzing trading options, the commission fees of AvaTrade is spreads Vary, and that one of SogoTrade is $2.88 + 50c. When analyzing commission fees in CFD: AvaTrade provides from 0.13%, and SogoTrade provides $2.88. You can read more detailed information on commission fees in the online broker reviews.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Options Trading, ETFs Trading, Bonds Trading, Forex Trading, Crypto Trading, Robo Advisor are provided to customers by AvaTrade and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading are provided by SogoTrade. Concerning the platforms, AvaTrade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App, while SogoTrade uses 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. AvaTrade was founded in 2006 in Ireland, and it is regulated by Central Bank of Ireland. And SogoTrade was founded in 1986 in United States, and it is regulated by SEC and FINRA. We can withdraw funds from AvaTrade with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. And SogoTrade provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is $25 for US wire transfer. The withdrawal time for AvaTrade is 1 - 2 business days, and that one for SogoTrade is 3 business days.
Overall, AvaTrade boasts 4.8 stars versus SogoTrade 4 stars.