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Comparison CMC Markets vs SogoTrade

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare CMC Markets vs SogoTrade. Which of them: CMC Markets or SogoTrade a better online broker?

First of all, we’ll compare the commission fees of the two brokers. CMC Markets has a commission fee of 0.08% commission, and SogoTrade has a commission fee of $2.88. We can also analyze commission fees for trading CFD: they are 0.08% commission in CMC Markets vs $2.88 in SogoTrade. 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, ETFs Trading, Forex Trading are provided to customers by CMC Markets and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading are provided by SogoTrade. As for platforms, CMC Markets offers Web Platform, 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. CMC Markets was established in 1987 in United Kingdom, and it is regulated by FCA, ASIC, CFTC. And SogoTrade was established in 1986 in United States, and it is regulated by SEC and FINRA. We can withdraw funds from CMC Markets with the help of Bank Wire, 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 time for withdrawal in CMC Markets is 1 - 2 business days, and that one in SogoTrade is 3 business days.

As a result, the rating of CMC Markets is 4.8 stars versus that of SogoTrade of 4 stars.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
CMC Markets
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
SogoTrade
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Forex Spreads
CFDs
Futures
Metals
Cryptocurrency
CMC Markets
Stock
0.08% commission
ETFs
0.08% commission
Options
N/A
Mutual Funds
N/A
Bonds
N/A
Forex Spreads
From 0.7 pips
CFDs
0.08% commission
Futures
N/A
Metals
From 0.3 pips
Cryptocurrency
N/A
SogoTrade
Stock
$2.88
ETFs
$2.88
Options
$2.88 + 50c
Mutual Funds
$25
Bonds
$20
Forex Spreads
N/A
CFDs
$2.88
Futures
$2.88
Metals
N/A
Cryptocurrency
$1 or 1%

Types of trading

Types of trading
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
CMC Markets
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
SogoTrade
Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
CMC Markets
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
SogoTrade
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform

Tools

Tools
Research & Analysis
Social trading
Education
Demo account
CMC Markets
Research & Analysis
Social trading
Education
Demo account
SogoTrade
Research & Analysis
Social trading
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
CMC Markets
Android App
iOS App
SogoTrade
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
CMC Markets
Minimum deposit
$0
Bank Wire
SogoTrade
Minimum deposit
$0
Bank Wire

Withdrawals

Withdrawals
Bank Wire
Withdrawal Time
Withdrawal Fee
CMC Markets
Bank Wire
Withdrawal Time
1 - 2 business days
Withdrawal Fee
Free
SogoTrade
Bank Wire
Withdrawal Time
3 business days
Withdrawal Fee
$25 for US wire transfer

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
CMC Markets
Сountry of Origin
United Kingdom
Year Founded
1987
Regulated By
FCA, ASIC, CFTC
SogoTrade
Сountry of Origin
United States
Year Founded
1986
Regulated By
SEC and FINRA

Customer Service

Customer Service
Phone
Email
Live Chat
 
CMC Markets
Phone
1 866 884 2608
Email
support@cmcmarkets.com
Live Chat
Yes
SogoTrade
Phone
Yes
Email
Yes
Live Chat
Yes

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