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Comparison SogoTrade vs UFX
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare SogoTrade vs UFX. Which of them: SogoTrade or UFX 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 UFX has a commission fee of from 90 pips. We can also analyze commission fees for trading CFD: they are $2.88 in SogoTrade vs from 50 pips in UFX. The full online broker reviews contains more detailed information on the brokers’ commission fees.
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, Futures Trading, Crypto Trading are provided to customers by SogoTrade and Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading are provided by UFX. As for platforms, SogoTrade offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while UFX 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 UFX was established in 2007 in Republic of Vanuatu, and it is regulated by VFSC. We can withdraw funds from SogoTrade with the help of Bank Wire, and its withdrawal fee is $25 for US wire transfer. And UFX provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. The withdrawal time for SogoTrade is 3 business days, and that one for UFX is up to 10 business days.
As a result, the rating of SogoTrade is 4 stars versus that of UFX of 3.6 stars.