Comparison SogoTrade vs XTB
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare SogoTrade vs XTB. Which of them: SogoTrade or XTB 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 XTB has a commission fee of from 0.3 pips. When analyzing commission fees in CFD: SogoTrade provides $2.88, and XTB provides 0.08% minimum $8.00 USD. 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 XTB. Concerning the platforms, SogoTrade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while XTB uses 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 XTB was established in 2002 in United Kingdom, and it is regulated by FCA, IFSC, KNF, CNMV and CMB. We can withdraw funds from SogoTrade with the help of Bank Wire, and its withdrawal fee is $25 for US wire transfer. And XTB provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is free. The time for withdrawal in SogoTrade is 3 business days, and that one in XTB is n/A.
As a result, the rating of SogoTrade is 4 stars versus that of XTB of 4.3 stars.