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Comparison EasyMarkets vs SogoTrade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares EasyMarkets vs SogoTrade. Is EasyMarkets or SogoTrade a better online broker?
First of all, we’ll compare the commission fees of the two brokers. When analyzing trading options, the commission fees of EasyMarkets is from 0.001 pips, and that one of SogoTrade is $2.88 + 50c. We can also analyze commission fees for trading CFD: they are from 5 pips in EasyMarkets vs $2.88 in SogoTrade. The full online broker reviews contains more detailed information on the brokers’ commission fees.
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, Forex Trading, Crypto Trading are provided to customers by EasyMarkets and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading are provided by SogoTrade. Concerning the platforms, EasyMarkets 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.
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. EasyMarkets was established in 2001 in Cyprus, and it is regulated by CySEC, ASIC. And SogoTrade was established in 1986 in United States, and it is regulated by SEC and FINRA. Withdrawal of funds from EasyMarkets can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. 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 EasyMarkets is 3 - 10 business days, and that one for SogoTrade is 3 business days.
As a result, the rating of EasyMarkets is 4.5 stars versus that of SogoTrade of 4 stars.