Comparison SogoTrade vs Webull
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare SogoTrade vs Webull. Which of them: SogoTrade or Webull 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 Webull has a commission fee of commission Free. 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, Futures Trading, Crypto Trading are provided to customers by SogoTrade and Stocks Trading, ETFs Trading are provided by Webull. Concerning the platforms, SogoTrade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Webull uses Desktop Platform (Windows), Desktop Platform (MacOS), 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 Webull was established in 2017 in USA, and it is regulated by SEC & FINRA. Withdrawal of funds from SogoTrade can be done using Bank Wire with a withdrawal fee of $25 for US wire transfer. And Webull provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $45 (International Wire). The time for withdrawal in SogoTrade is 3 business days, and that one in Webull is 2 business days.
As a result, the rating of SogoTrade is 4 stars versus that of Webull of 4.1 stars.