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Comparison eToro vs SogoTrade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare eToro vs SogoTrade. Which of them: eToro or SogoTrade a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. eToro has a commission fee of 0.09% spread per side, and SogoTrade has a commission fee of $2.88. We can also analyze commission fees for trading CFD: they are from 0.09% in eToro vs $2.88 in SogoTrade. The full online broker reviews contains more detailed information on the brokers’ commission fees.
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 eToro provides customers with Stocks Trading, ETFs Trading, Forex 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, eToro uses Web Platform, 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. eToro was founded in 2007 in Cyprus, and it is regulated by CySEC, FCA, ASIC. And SogoTrade was founded in 1986 in United States, and it is regulated by SEC and FINRA. We can withdraw funds from eToro with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $25. 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 eToro is within 1 business day, and that one for SogoTrade is 3 business days.
Overall, eToro boasts 4.4 stars versus SogoTrade 4 stars.