Comparison SogoTrade vs Trading 212
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare SogoTrade vs Trading 212. Which of them: SogoTrade or Trading 212 a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of SogoTrade on regular transactions of the stock exchange is $2.88, and Trading 212 has a commission fee of 0. We can also analyze commission fees for trading CFD: they are $2.88 in SogoTrade vs fees built into spreads in Trading 212. 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 SogoTrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading, and Trading 212 provides customers with Stocks Trading, ETFs Trading, Forex Trading. As for platforms, SogoTrade offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Trading 212 offers 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. SogoTrade was established in 1986 in United States, and it is regulated by SEC and FINRA. And Trading 212 was established in 2004 in Bulgaria, and it is regulated by FCA, FSC. Withdrawal of funds from SogoTrade can be done using Bank Wire with a withdrawal fee of $25 for US wire transfer. And Trading 212 provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of 0. The time for withdrawal in SogoTrade is 3 business days, and that one in Trading 212 is 0-5 days.
As a result, the rating of SogoTrade is 4 stars versus that of Trading 212 of 4.3 stars.