Comparison Saxo Bank vs SogoTrade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Saxo Bank vs SogoTrade. Is Saxo Bank or SogoTrade a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of Saxo Bank on regular transactions of the stock exchange is from 0.1% commission, and SogoTrade has a commission fee of $2.88. When analyzing trading options, the commission fees of Saxo Bank is from £2.50 per lot, and that one of SogoTrade is $2.88 + 50c. We can also analyze commission fees for trading CFD: they are from £0.85 in Saxo Bank 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. Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided to customers by Saxo Bank and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading are provided by SogoTrade. As for platforms, Saxo Bank offers Desktop Platform (Windows), Desktop Platform (MacOS), Android App, iOS App, while SogoTrade offers 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. Saxo Bank was founded in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. And SogoTrade was founded in 1986 in United States, and it is regulated by SEC and FINRA. Withdrawal of funds from Saxo Bank can be done using Bank Wire with a withdrawal fee of 0. 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 Saxo Bank is 1-2 business days, and that one for SogoTrade is 3 business days.
As a result, the rating of Saxo Bank is 4.1 stars versus that of SogoTrade of 4 stars.