Comparison HighLow vs SogoTrade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare HighLow vs SogoTrade. Which of them: HighLow or SogoTrade a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Let’s analyze the commission fees on trading options. HighLow has a commission fee of none - fixed payouts, SogoTrade has a commission fee of $2.88 + 50c. 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. Options Trading are provided to customers by HighLow and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading are provided by SogoTrade. As for platforms, HighLow 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. HighLow was founded in 2014 in Australia, and it is regulated by ASIC. And SogoTrade was founded in 1986 in United States, and it is regulated by SEC and FINRA. Withdrawal of funds from HighLow can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of 2% fee on all withdrawals. And SogoTrade provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $25 for US wire transfer. The time for withdrawal in HighLow is 1 - 3 business days, and that one in SogoTrade is 3 business days.
As a result, the rating of HighLow is 4.6 stars versus that of SogoTrade of 4 stars.