Comparison IFC Markets vs SogoTrade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares IFC Markets vs SogoTrade. Is IFC Markets or SogoTrade a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of IFC Markets on regular transactions of the stock exchange is from 0.1%, and SogoTrade has a commission fee of $2.88. When analyzing commission fees in CFD: IFC Markets provides spreads from 34 pips, and SogoTrade provides $2.88. 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, ETFs Trading, Forex Trading, Futures Trading, Crypto Trading are provided to customers by IFC Markets and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading are provided by SogoTrade. As for platforms, IFC Markets offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, MT5, 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. IFC Markets was founded in 2006 in British Virgin Islands, and it is regulated by BVI FSC. And SogoTrade was founded in 1986 in United States, and it is regulated by SEC and FINRA. We can withdraw funds from IFC Markets with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is fees vary. 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 IFC Markets is 1 - 5 business days, and that one for SogoTrade is 3 business days.
As a result, the rating of IFC Markets is 4.8 stars versus that of SogoTrade of 4 stars.