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Comparison IronFX vs SogoTrade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares IronFX vs SogoTrade. Is IronFX or SogoTrade a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of IronFX on regular transactions of the stock exchange is spreads from 0.3 pips, commissions of 0.10%, and SogoTrade has a commission fee of $2.88. 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 IronFX provides customers with Stocks Trading, Forex Trading, Futures Trading, Crypto Trading, and SogoTrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading. As for platforms, IronFX offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, 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. IronFX was established in 2010 in Cyprus, and it is regulated by FCA, ASIC, CySEC, FSB. And SogoTrade was established in 1986 in United States, and it is regulated by SEC and FINRA. We can withdraw funds from IronFX with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. 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 IronFX is 1 - 5 business days, and that one in SogoTrade is 3 business days.
As a result, the rating of IronFX is 4.8 stars versus that of SogoTrade of 4 stars.