Comparison DEGIRO vs SogoTrade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares DEGIRO vs SogoTrade. Is DEGIRO or SogoTrade a better online broker?
First of all, we’ll compare the commission fees of the two brokers. DEGIRO has a commission fee of 4, and SogoTrade has a commission fee of $2.88. Let’s analyze the commission fees on trading options. DEGIRO has a commission fee of 4, SogoTrade has a commission fee of $2.88 + 50c. We can also analyze commission fees for trading CFD: they are 4 in DEGIRO vs $2.88 in SogoTrade. 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 DEGIRO provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, and SogoTrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading. Concerning the platforms, DEGIRO uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while SogoTrade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. DEGIRO was established in 2013 in Netherlands, and it is regulated by AFM, DNB. And SogoTrade was established in 1986 in United States, and it is regulated by SEC and FINRA. Withdrawal of funds from DEGIRO can be done using Bank Wire with a withdrawal fee of 0. And SogoTrade provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $25 for US wire transfer. The withdrawal time for DEGIRO is 1-2 business days, and that one for SogoTrade is 3 business days.
As a result, the rating of DEGIRO is 4.1 stars versus that of SogoTrade of 4 stars.