Comparison Interactive Brokers vs SogoTrade

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Interactive Brokers vs SogoTrade. Which of them: Interactive Brokers or SogoTrade a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. Interactive Brokers has a commission fee of $0.005, and SogoTrade has a commission fee of $2.88. When analyzing trading options, the commission fees of Interactive Brokers is $0 + $0.70 per contract, and that one of SogoTrade is $2.88 + 50c. 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 Interactive Brokers provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor, and SogoTrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading. Concerning the platforms, Interactive Brokers 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.

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. Interactive Brokers was founded in 1978 in United States, and it is regulated by NYSE, FINRA, SIPC. And SogoTrade was founded in 1986 in United States, and it is regulated by SEC and FINRA. We can withdraw funds from Interactive Brokers with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. 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 time for withdrawal in Interactive Brokers is 3-5 days, and that one in SogoTrade is 3 business days.

As a result, the rating of Interactive Brokers is 4.1 stars versus that of SogoTrade of 4 stars.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
Interactive Brokers
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
SogoTrade
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Forex Spreads
CFDs
Futures
Metals
Cryptocurrency
Interactive Brokers
Stock
$0.005
ETFs
$0
Options
$0 + $0.70 per contract
Mutual Funds
$14.95
Bonds
0.1% of face value
Forex Spreads
0.20 basis points
CFDs
N/A
Futures
$0.85 per contract
Metals
0.15 basis points
Cryptocurrency
$5 per contract
SogoTrade
Stock
$2.88
ETFs
$2.88
Options
$2.88 + 50c
Mutual Funds
$25
Bonds
$20
Forex Spreads
N/A
CFDs
$2.88
Futures
$2.88
Metals
N/A
Cryptocurrency
$1 or 1%

Types of trading

Types of trading
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor
Interactive Brokers
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor
SogoTrade
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Interactive Brokers
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
SogoTrade
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform

Tools

Tools
Research & Analysis
Education
Demo account
Interactive Brokers
Research & Analysis
Education
Demo account
SogoTrade
Research & Analysis
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
Interactive Brokers
Android App
iOS App
SogoTrade
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
Interactive Brokers
Minimum deposit
$0
Bank Wire
Visa/Mastercard
SogoTrade
Minimum deposit
$0
Bank Wire
Visa/Mastercard

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
Interactive Brokers
Bank Wire
Visa/Mastercard
Withdrawal Time
3-5 days
Withdrawal Fee
$0
SogoTrade
Bank Wire
Visa/Mastercard
Withdrawal Time
3 business days
Withdrawal Fee
$25 for US wire transfer

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
Interactive Brokers
Сountry of Origin
United States
Year Founded
1978
Regulated By
NYSE, FINRA, SIPC
SogoTrade
Сountry of Origin
United States
Year Founded
1986
Regulated By
SEC and FINRA

Customer Service

Customer Service
Phone
Email
Live Chat
 
Interactive Brokers
Phone
1 (877) 442-2757
Email
Email form
Live Chat
Yes
SogoTrade
Phone
Yes
Email
Yes
Live Chat
Yes

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