Comparison Olymp Trade vs SogoTrade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Olymp Trade vs SogoTrade. Which of them: Olymp Trade or SogoTrade a better online broker?
First of all, we’ll compare the commission fees of the two brokers. We can also analyze commission fees for trading CFD: they are 0 pips for ECN in Olymp Trade vs $2.88 in SogoTrade. You can read more detailed information on commission fees in the online broker reviews.
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 Olymp Trade and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading are provided by SogoTrade. Concerning the platforms, Olymp Trade uses Web Platform, Android App, iOS App, while SogoTrade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Olymp Trade was established in 2014 in St. Vincent and the Grenadines, and it is regulated by Not Regulated. And SogoTrade was established in 1986 in United States, and it is regulated by SEC and FINRA. We can withdraw funds from Olymp Trade 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 Olymp Trade is 1 - 5 business days, and that one in SogoTrade is 3 business days.
As a result, the rating of Olymp Trade is 4 stars versus that of SogoTrade of 4 stars.