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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.