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Comparison Pepperstone vs SogoTrade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Pepperstone vs SogoTrade. Which of them: Pepperstone or SogoTrade a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of Pepperstone on regular transactions of the stock exchange is from 0.4 pips, and SogoTrade has a commission fee of $2.88. When analyzing commission fees in CFD: Pepperstone provides from 0.3 pips, and SogoTrade provides $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 Pepperstone provides customers with Stocks Trading, Forex 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, Pepperstone 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. Pepperstone was established in 2010 in Australia, and it is regulated by ASIC, FCA. And SogoTrade was established in 1986 in United States, and it is regulated by SEC and FINRA. Withdrawal of funds from Pepperstone can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And SogoTrade provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $25 for US wire transfer. The withdrawal time for Pepperstone is 3 - 5 business days, and that one for SogoTrade is 3 business days.
As a result, the rating of Pepperstone is 4.6 stars versus that of SogoTrade of 4 stars.