Comparison SogoTrade vs Swissquote
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare SogoTrade vs Swissquote. Which of them: SogoTrade or Swissquote a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. SogoTrade has a commission fee of $2.88, and Swissquote has a commission fee of from £15. Let’s analyze the commission fees on trading options. SogoTrade has a commission fee of $2.88 + 50c, Swissquote has a commission fee of £1 per contract (Minimum £5). We can also analyze commission fees for trading CFD: they are $2.88 in SogoTrade vs from 0.06% in Swissquote. The full online broker reviews contains more detailed information on the brokers’ commission fees.
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 SogoTrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading, and Swissquote provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor. As for platforms, SogoTrade offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Swissquote offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, 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. SogoTrade was established in 1986 in United States, and it is regulated by SEC and FINRA. And Swissquote was established in Switzerland in 1996, and it is regulated by FCA, FINMA, DFSA, MAS, SFC. Withdrawal of funds from SogoTrade can be done using Bank Wire with a withdrawal fee of $25 for US wire transfer. And Swissquote provides the ability to withdraw funds using Bank Wire with a withdrawal fee of depends on account type. The withdrawal time for SogoTrade is 3 business days, and that one for Swissquote is 1-2 working days.
As a result, the rating of SogoTrade is 4 stars versus that of Swissquote of 4 stars.