Comparison Plus500 vs SogoTrade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Plus500 vs SogoTrade. Which of them: Plus500 or SogoTrade a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of Plus500 on regular transactions of the stock exchange is from 0.45%, and SogoTrade has a commission fee of $2.88. When analyzing trading options, the commission fees of Plus500 is from 2 pips, and that one of SogoTrade is $2.88 + 50c. We can also analyze commission fees for trading CFD: they are from 0.065% in Plus500 vs $2.88 in SogoTrade. 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 Plus500 provides customers with Stocks Trading, Options Trading, ETFs 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. Concerning the platforms, Plus500 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. Plus500 was founded in 2008 in Israel, and it is regulated by FCA, CySEC, FSCA, FMA, MAS, ISA, ASIC. And SogoTrade was founded in 1986 in United States, and it is regulated by SEC and FINRA. We can withdraw funds from Plus500 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 withdrawal time for Plus500 is 1-2 working days, and that one for SogoTrade is 3 business days.
As a result, the rating of Plus500 is 4 stars versus that of SogoTrade of 4 stars.