SogoTrade Vs Forex.com

How SogoTrade and Forex.com Compare in 2024

SogoTrade or Forex.com who is better?

Compare SOGOTRADE Versus FOREX.COM and IC Markets broker accounts.


Compare SogoTrade Vs Forex.com Side by Side

So you are looking for a broker, SogoTrade or Forex.com who should you choose?

When trading on financial markets you will want to know all about who SogoTrade or Forex.com are, and how they compare. You will naturally want to know how long SogoTrade and Forex.com have been in business and what reputation SogoTrade and Forex.com have. On top of this, you will need to discover if SogoTrade and Forex.com match your trading needs.

Having a reputable and dependable broker is crucial to your trading. The reason for this is quite a simple one You need to be sure in the knowledge that your money is in a segregated bank account with a financially regulated broker. Let us see how SogoTrade and Forex.com compare.

Well in our side by side comparison we make it easier for you to see what is right for you. As with anything the final decision on which broker to trade with should ultimately be based on what and how you going to trade.

Our comparison will help you judge the effectiveness, price, ease of use and support trustworthiness of SogoTrade and Forex.com side by side.

If you're itching to start trading, we can assist you in making a well-informed decision when comparing SogoTrade and Forex.com. By comprehensively comparing SogoTrade and Forex.com features and services, you can choose a trading platform that best suits your needs and preferences. We aim to equip you with the knowledge to make an educated decision and feel confident in your trading journey with SogoTrade, Forex.com or an alternative broker.

Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts. We collected over 1200 data points on SogoTrade and Forex.com. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page.

Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like the SogoTrade platform or Forex.com that they are regulated. To finish off our comparison, let's look at the popular tools and features traders prefer side by side.


SogoTrade

(3/5)
Benefits of SogoTrade?
  • Established in 2008
  • SogoTrade have been in business for 16 years.
  • Head quarters in United States.
  • Live Chat
  • SogoTrade Min deposit $0
SogoTrade screenshot sogotrade sign up here
Your capital is at risk
Reputation Support
Good
Good

SogoTrade Regulation

SogoTrade is regulated by the Financial Industry Regulatory Authority (FINRA).

Excluded Countries

SogoTrade Fees

Deposit fee
Commission
Inactivity fee
Withdrawal fee varies
Min trade $4.88
Max trade varies
Min deposit $0
View all spreads
& fees here
Your capital is at risk

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all SogoTrade
funding options here
Your capital is at risk

SogoTrade Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

SogoTrade Platforms

 MT4, MT5, XM WebTrader. 

SogoTrade Languages

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

See SogoTrade
features here
Your capital is at risk

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See SogoTrade
instruments here
Your capital is at risk

SogoTrade Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the SogoTrade website. Our records were last updated on .

Visit SogoTrade today
Your capital is at risk

Forex.com

(3/5)
Benefits of Forex.com?
  • Established in 1999
  • Forex.com have been in business for 25 years.
  • Head quarters in United States.
  • Live Chat
  • Segregates clients funds
  • Forex.com Min deposit $100
Forex.com screenshot Forex.com sign up here
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Reputation Support
Great
Good

Forex.com Regulation

Forex.com is regulated by the Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission (CySEC).

Excluded Countries

BE

Forex.com Fees

Deposit fee No
Commission Yes
Inactivity fee Yes
Withdrawal fee No
Min trade Varies
Max trade 5 million
Min deposit $100
View all spreads
& fees here
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
1-2 business days
See all Forex.com
funding options here
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Forex.com Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

Forex.com Platforms

MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps

Forex.com Languages

English, Chinese, Arabic

See Forex.com
features here
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See Forex.com
instruments here
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Forex.com Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the Forex.com website. Our records were last updated on .

Visit Forex.com today
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

IC Markets

(4/5)
Benefits of IC Markets?
  • Established in 2007
  • IC Markets have been in business for 17 years.
  • Head quarters in Australia.
  • Live Chat
  • Segregates clients funds
  • IC Markets Min deposit $200
IC Markets screenshot IC Markets sign up here
Losses can exceed deposits
Reputation Support
Good
Good

IC Markets Regulation

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).

Excluded Countries

US, IR, CA, NZ, JP

IC Markets Fees

Deposit fee Varies
Commission Yes
Inactivity fee No
Withdrawal fee No
Min trade 0.01 Lot
Max trade None
Min deposit $200
View all spreads
& fees here
Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all IC Markets
funding options here
Losses can exceed deposits

IC Markets Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

IC Markets Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

IC Markets Languages

English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more

See IC Markets
features here
Losses can exceed deposits

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See IC Markets
instruments here
Losses can exceed deposits

IC Markets Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the IC Markets website. Our records were last updated on .

Visit IC Markets today
Losses can exceed deposits

SogoTrade Vs Forex.com Table of Contents

SogoTrade and Forex.com in Detail

SogoTrade Review Screenshot

The SogoTrade online trading platform gives traders from all over the world access to over 205 financial instruments including over 4,500 available instruments. There are over 10,000+ registered customers that have taken advantage of the SogoTrade platform.

SogoTrade are regulated by Financial Industry Regulatory Authority (FINRA).

SogoTrade Review Screenshot

Forex.com is a renowned United States financial trading brokerage established in 1999.

Forex.com serves customers globally and are regulated by Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission (CySEC). Depending on the country you are trading from SogoTrade may serve you from a different business entity to comply with its financial regulators.

Forex.com is not listed on any stock market, does not disclose its yearly report on its website. This is not terribly unusual for a broker, but you will want to check all of this out before you continue. Financial regulation is the most important thing to consider. SogoTrade is listed as a publically traded company so are a reputable broker.

Forex.com is a popular well known financial trading platform serving over 200,000 customers.

Benefits of SogoTrade and Forex.com Compared

Below, we will give you a summary of the benefits SogoTrade and Forex.com offer side by side.

SogoTrade offers a minimum deposit of 0 while Forex.com have a 100 minimum deposit.

Why smaller trading deposits are good and how SogoTrade and Forex.com compare

One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either SogoTrade or Forex.com. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. SogoTrade requires a minimum deposit of 0, whereas Forex.com mandates a minimum deposit of 100. One additional factor to consider while venturing into more precarious yet potentially lucrative financial instruments is to limit your speculation to a modest proportion of your designated trading funds. It's advisable not to be deterred by a broker's higher minimum deposit, whether it's SogoTrade or Forex.com, and instead focus on the comprehensive trading features offered by their platform. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.

SogoTrade allows traders to trade up to 205 financial instruments while Forex.com have around 4,500 on their trading platform.

The more instruments available on SogoTrade and Forex.com trading platforms the more potential financial instruments you can buy or sell for your portfolio. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of SogoTrade or Forex.com.

The SogoTrade trading platform has 0 stocks listed while Forex.com has 4,500 stocks listed.

SogoTrade allows retail traders to trade the following assets Forex trading, CFD trading, Social trading, Share Dealing on the SogoTrade  MT4, MT5, XM WebTrader.  trading platforms.

Alternatively Forex.com allows retail traders to trade Forex, Indices, Commodities, Equities, Cryptocurrencies on the Forex.com MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps trading platforms.

Compare SogoTrade and Forex.com in more detail below.

Drawbacks of SogoTrade and Forex.com Compared

Below we compare what drawbacks SogoTrade and Forex.com have side by side.

Various potential downsides can be associated with certain brokers, including SogoTrade and Forex.com. One primary drawback is the potential restrictions that may be imposed. Generally, the more diverse investment options available, the more favourable the situation. Another critical aspect to consider is the trading fees and commissions charged by SogoTrade compared to Forex.com. High trading fees and commissions can significantly impact potential profits. Additionally, essential factors to consider are the quality of trading research tools, educational resources, and the overall user-friendliness of SogoTrade versus Forex.com.

Broker sogotrade Forex.com IC Markets
Inactivity Fees Yes No
Withdrawl Fees varies No No
Withdrawal Processing Time Varies 1-2 business days Varies
Min Deposit 0 100 200
Social Trading Yes No Yes
Excluded Countries BE US, IR, CA, NZ, JP

SogoTrade Vs Forex.com Available Financial Markets

The saying 'Variety is the spice of life' holds for financial markets. It is always advisable to have a diversified investment portfolio whether trading with SogoTrade or Forex.com. A diversified portfolio with SogoTrade or Forex.com can safeguard your investments from significant downturns in any particular market. For instance, when one stock rises, others may follow suit.

Conversely, when the market takes a downturn, it can be disastrous for your investments. The most effective investment portfolios cover potential risks and encompass many businesses and stocks. When creating a diverse investment portfolio with brokers like SogoTrade or Forex.com, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as SogoTrade and Forex.com.

Broker sogotrade Forex.com IC Markets
Instruments Available 205 4500 2250
Offers share dealing Yes No Yes
Number of Shares 0 4,500 2,100
Offers US Stocks No Yes Yes
Offers UK Stocks No Yes Yes
Offers German Stocks No Yes Yes
Offers Japanese Stocks No Yes Yes
Offers Indices Trading No Yes Yes
Number of Commodities 0 12 20
Offers Metals Commodities No Yes Yes
Offers Energy Commodities NO Yes Yes
Offers Agricultural Commodities No Yes Yes
Offers Forex Trading No Yes Yes
Number of Forex Pairs 80 61
Offers Major Forex Pairs No Yes Yes
Offers Minor Forex Pairs No Yes Yes
Offers Exotic Forex Pairs No Yes Yes
Offers CFD Trading Yes Yes Yes
Offers Social Trading Yes No Yes

SogoTrade Vs Forex.com Cryptocurrency Trading

Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both SogoTrade and Forex.com, and it's not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. Both SogoTrade and Forex.com offer some form of cryptocurrency trading.

Bitcoin is the most popular cryptocurrency, but thousands of altcoins could experience a similar rise. Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.

Investing in cryptocurrencies with SogoTrade or Forex.com is considered a high-risk venture. The prices of cryptocurrencies can experience extreme highs and lows. If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with SogoTrade or Forex.com could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on SogoTrade, Forex.com, and all brokers are subject to regulation.

We compare SogoTrade vs Forex.com Crypto options below side by side.

Broker sogotrade Forex.com IC Markets
Allows Cryptocurrency Trading (availability subject to regulation) No Yes Yes
Cryptocurrencies Offered BTC, BCH, ETH, LTC, XRP BTC, BCH, ETH, LTC, DASH, XRP, EOS, EMC, NMC, PPC

SogoTrade Vs Forex.com Commission and Fees

knowing your trading and commission fees with SogoTrade vs Forex.com is extremely important. For the majority of the SogoTrade 205 financial instruments and Forex.com 4,500 available financial instruments .

The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with SogoTrade and Forex.com. The bigger the fee, the bigger the issue is. Most alarmingly, some financial assets charge you to hold on to the asset overnight or over the weekend. Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with SogoTrade and Forex.com before you invest because you must know what you are paying.

You ideally want to choose a broker like SogoTrade or Forex.com that does not charge too much for withdrawal fees. High trading fees and commissions will eat into your profits. The fees will be noticeable if you have a low budget and do not intend to invest so much with SogoTrade or Forex.com. You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10.

Your location or residence will have an impact on your potential SogoTrade and Forex.com fees, of course. Make sure you do your research and check the commission and fees with both SogoTrade and Forex.com before you invest anything.

Some brokers will charge inactivity fees. As the name suggests, this occurs when you have been inactive on your account for a certain period. Also, with SogoTrade or Forex.com be aware of or 3rd party payment provider fees and currency conversion fees.

Both SogoTrade and Forex.com do charge inactivity fees.

Numerous notifications are usually sent to you as a reminder of dormant SogoTrade and Forex.com accounts, giving you sufficient time to decide on the appropriate course of action. You can opt to continue using your SogoTrade or Forex.com account, or choose to close it.

Usually, the associated fees for dormant SogoTrade or Forex.com accounts are quite minimal, and there is no need to panic, particularly when the issue can be easily resolved. It's always advisable to keep track of your live SogoTrade or Forex.com trading account activity to avoid any unnecessary fees or charges.

When you deposit money to a broker like SogoTrade or Forex.com you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay SogoTrade or Forex.com nothing for this. If this is the case, it can be a big problem. Constant deposits will eat into your profit, so this will take some consideration before you sign up.

Let's see how SogoTrade vs Forex.com compare side by side for commissions and fees.

Broker sogotrade Forex.com IC Markets
Min Deposit 0 100 200
Inactivity Fees Yes No
Withdrawal Fees varies No No
Deposit Fees No Varies

SogoTrade Vs Forex.com Trading Platforms

We live in an accessible world these days. Therefore, your trading platform has to consider this. The ability to trade with the click of a button is essential and allows you to make trading decisions on the SogoTrade and Forex.com platforms when convenient. Without this, you cannot take advantage of every situation that may or may not occur in the financial markets.

Some brokers offer bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You must test this yourself with an SogoTrade or Forex.com demo account.

Broker sogotrade Forex.com IC Markets
Offers MT4 Yes Yes Yes
Offers MT5 Yes Yes Yes
Offers cTrader No No Yes

SogoTrade Vs Forex.com Mobile Trading

Trading on your mobile with SogoTrade and Forex.com can be very useful. Why is this? Well, the stock market sees market movement every second. If you are not near your desktop computer, you will probably be near and have access to your phone and SogoTrade and Forex.com mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with SogoTrade or Forex.com. For example, a stock might move to an all-time low when you are out. In this instance, having access to mobile trading with SogoTrade or Forex.com can help limit your risk and trade on the move.

If you own an iPhone, having an IOS Apple mobile trading app with SogoTrade or Forex.com is essential. Likewise, if you have an android phone, it's crucial to verify if SogoTrade or Forex.com broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if SogoTrade and Forex.com have trading apps compatible with your device.

Broker sogotrade Forex.com IC Markets
Web Platform Yes Yes Yes
IOS Trading App Yes Yes
Android Trading App Yes Yes
Microsoft Trading App Yes Yes

SogoTrade Vs Forex.com Trading Account Types Offered

SogoTrade Vs Forex.com Demo Account

A demo account with SogoTrade or Forex.com is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an SogoTrade and Forex.com demo account.

SogoTrade Vs Forex.com Micro Account

Micro accounts are trading accounts used by Forex traders that allow them to trade with smaller amounts of capital than standard trading accounts. Micro accounts require a smaller minimum deposit, usually ranging from $1 to $500, and offer smaller trade sizes than standard accounts, allowing traders to manage their risk more effectively.

If you need a micro account check if SogoTrade or Forex.com offer micro trading accounts in your region.

Overall, micro accounts provide a flexible and cost-effective way for Forex traders to enter the market and gain valuable trading experience while minimizing risks. However, traders need to remember that Forex trading carries significant risks, and they should always approach trading with caution and sound risk management strategies.

SogoTrade and Forex.com do not offer Micro accounts.

SogoTrade Vs Forex.com Standard Account

A standard account is available on SogoTrade and Forex.com to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use.

Both SogoTrade and Forex.com do offer clients Standard accounts.

SogoTrade Vs Forex.com MAM Account

A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with SogoTrade or Forex.com or alternative.

SogoTrade does not offer clients MAM accounts, while Forex.com does offer clients MAM accounts.

SogoTrade Vs Forex.com ECN Account

The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market. ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools.

ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency. While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account.

If you need a ECN account check they are available with SogoTrade or Forex.com or alternative.

SogoTrade does not offer clients ECN accounts, while Forex.com does offer clients ECN accounts.

SogoTrade Vs Forex.com Islamic Account

An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam. They are also referred to as swap-free accounts.

If you need a Islamic account check they are available with SogoTrade or Forex.com or alternative.

Both SogoTrade and Forex.com do offer clients Islamic accounts.

SogoTrade Vs Forex.com STP Account

Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.

If you need a STP account check they are available with SogoTrade or Forex.com or alternative.

SogoTrade does not offer clients STP accounts, while Forex.com does offer clients STP accounts.

SogoTrade Vs Forex.com Managed Account

A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager.

While some managed accounts require significant investment minimums to access the services of a professional manager, many brokers now offer variations of managed accounts that can be accessed with smaller investment amounts. It's important to note that the fees associated with managed accounts can vary widely depending on the level of service the manager provides and the investment strategy employed. Investors should carefully evaluate the costs and benefits of managed accounts before making an investment decision.

SogoTrade and Forex.com do not offer clients Managed accounts.

Broker sogotrade Forex.com IC Markets
Offers Demo Accounts Yes Yes Yes
Offers Micro Accounts No No No
Offers Standard Accounts Yes Yes Yes
Offers MAM Accounts No Yes Yes
Offers ECN Accounts No Yes No
Offers Islamic Accounts Yes Yes Yes
Offers STP Accounts No Yes No
Offers Managed Accounts No No No

SogoTrade Vs Forex.com Withdrawal and Funding Methods

SogoTrade and Forex.com have multiple deposit and withdrawal options. Funding and withdrawing from your SogoTrade and Forex.com accounts to your chosen payment method should be straightforward. Lets see how SogoTrade and Forex.com compare with each other. Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from SogoTrade or Forex.com.

Broker sogotrade Forex.com IC Markets
Payment Methods Credit cards, Skrill, Neteller, Bank Transfer, Bank Transfer, Credit cards, Debit cards, Electronic wallets (eWallets), PayPal, Cheques or Checks, eChecks, Union Pay, Credit cards, Debit Cards, PayPal, Wire Transfer, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Thai Internet Banking, RapidPay, Klarna, Vietnamese Internet Banking, Online Digital Wallets, USDT (Tether),

SogoTrade Vs Forex.com Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of SogoTrade or Forex.com support. Customer support is especially important for traders starting with little knowledge. If you are starting out, you will want to ensure the SogoTrade and Forex.com support is always available when needed. SogoTrade and Forex.com customer support is not just useful. broker customer support is crucial to your trading success!

SogoTrade Vs Forex.com Live Chat

Live chat is important for several reasons. When you encounter a problem with SogoTrade or Forex.com trading platforms, it is nice to know that the problem has the potential to be sorted out then and there. Also, speaking to someone live is much less frustrating than speaking to someone through several emails.

SogoTrade do not offer livechat support. On the other hand Forex.com do offer livechat support.

SogoTrade Vs Forex.com Email Support

When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either SogoTrade or Forex.com you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the SogoTrade or Forex.com support team to answer satisfactorily. Email support with SogoTrade and Forex.com will be needed.

Both SogoTrade and Forex.com offer email support.

SogoTrade Vs Forex.com Phone Support

Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either SogoTrade or Forex.com. We can get straight to the point, saving us time and frustration.

Both SogoTrade and Forex.com offer phone support.

Lets see how SogoTrade and Forex.com customer support compare side by side.

Broker sogotrade Forex.com IC Markets
Offers Live Chat yes Yes Yes
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Chinese, Arabic English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Support Email [email protected]  [email protected] [email protected]
Phone 1-212-668-1630 No No

SogoTrade Vs Forex.com Regulation and Licensing

Never trade on a market that is not sufficiently regulated. Only submit your bank card information or invest money on financially regulated websites. It would help if you made sure with certainty that your money is held with a regulated brokerage. Checking whether SogoTrade and Forex.com are regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site, and if you cannot see that SogoTrade or Forex.com have these in place, please be extremely cautious before you proceed with them.

We compare SogoTrade Vs Forex.com financial regulation and licensing side by side below.

Broker sogotrade Forex.com IC Markets
FCA Regulation No Yes No
CySEC Regulation No Yes Yes
MiFID Regulation No No No
ASIC Regulation No Yes Yes
FSCA Regulation No No No
DFSA Regulation No No No
MAS Regulation No Yes No

SogoTrade Vs Forex.com Risk Management Features

When trading with either SogoTrade or Forex.com you will want to understand and make full use of all the risk management features on your SogoTrade or Forex.com trading platforms.

We compare side by side the trading risk management features offered by SogoTrade and Forex.com below.

SogoTrade Vs Forex.com Hedging

What is hedging? Have you ever heard of the expression 'to hedge ones bets'? Hedging means not speculating solely on the outcome of one event, as holding all your assets in one place could be risky. Hedging in finance means being able to trade to protect yourself from huge risks by limiting risk using diversification. Hedging can be done, for example, by speculating on a stock to rise and against it to rise by using different amounts or different amounts of leverage.

SogoTrade does not offer clients hedging, while Forex.com does not offer clients hedging.

SogoTrade Vs Forex.com Stop Loss

Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair. In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage. Under these terms, it is always good to set a stop loss to protect yourself from any vicious results.

Both SogoTrade and Forex.com do offer clients stop losses. Stop Loss and Take Profit are not guaranteed on SogoTrade or Forex.com. You must still monitor any live trades and your financial exposure and financial risk.

SogoTrade Vs Forex.com Limit Orders

Every broker should allow users to place a limit order. Limit orders are when you have the order to buy a financial instrument at a specific price. Your trade will be executed when the financial asset hits a set price. Limit orders are extremely useful as they allow you to buy stock at a better price! It would be very time-consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what helping limit orders can be in your trading career.

Both SogoTrade and Forex.com do offer clients limit orders.

SogoTrade Vs Forex.com Negative Balance Protection

Negative balance protection is there to protect its customers. Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade.

Negative balance protection works like this: Say you invest $50, but your trade can lose $125 because you have used leverage. You will need $125 available in your account to do this trade. Negative balance protection is essential, as it would be unfortunate if you received an unexpected bill from a broker one day.

Both SogoTrade and Forex.com do offer clients negative balance protection.

Broker sogotrade Forex.com IC Markets
Offers Hedging No Yes Yes
Negative Balance Protection Yes Yes
Guaranteed Stop Loss Yes No
Offers Limit Orders Yes Yes
Offers Trailing Stops Yes Yes

SogoTrade Vs Forex.com Verdict

We hope this SogoTrade Vs Forex.com guide has helped you decide who is best to trade with out of SogoTrade and Forex.com.

When choosing a broker like SogoTrade or Forex.com for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with SogoTrade or Forex.com are kept separate from the broker's funds and can be returned to you if the broker faces financial difficulties or insolvency when signing up with brokers such as SogoTrade or Forex.com, it's crucial to verify that they offer this safeguard. By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with SogoTrade or Forex.com.

Also, before you sign up with online brokers like SogoTrade or Forex.com, make sure you know what you are doing. Simple advice, we admit, but we know from experience how many people decide to start trading and then ask questions later. Please know what you are doing with SogoTrade or Forex.com before investing money into something.

Beware of the risks that come with trading with SogoTrade or Forex.com. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all SogoTrade and Forex.com educational resources and financial research tools. If you are new to trading, sign up for a demo account with SogoTrade and Forex.com to find which suits you and your trading style.

Some of you might be thinking about what we mean when we say 'trading style'. Here are a few examples. A day trader using SogoTrade or Forex.com will look to open positions and close them on the same day. Day trading in this way will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if SogoTrade and Forex.com fees match your trading requirements.

Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with SogoTrade or Forex.com if your investment strategy is more long-term.

SogoTrade and Forex.com Alternatives

If SogoTrade and Forex.com are not what you are not quite what you are looking for we list some of the best SogoTrade and Forex.com alternatives below.

Other SogoTrade and Forex.com Vs Comparisons

If you are still looking for an alternative to SogoTrade and Forex.com and want to see how SogoTrade or Forex.com compares Vs other brokers check out the SogoTrade Vs and Forex.com Vs list below.

SogoTrade Vs Alternatives

Still not happy have a look at some of our alternative SogoTrade Vs side by side comparisons below

Forex.com Vs Alternatives

Still not happy have a look at some of our alternative SogoTrade Vs side by side comparisons below

SogoTrade Vs Forex.com Frequently Asked Questions

We answer some of the most frequently asked SogoTrade Vs Forex.com questions below.

Is SogoTrade any Good?

Knowing that a broker is legit is the first thing you should check before signing up with a broker. Is SogoTrade legit? - SogoTrade are regulated by Financial Industry Regulatory Authority (FINRA) and have been in business since 2008

Is Forex.com any Good?

Forex.com are regulated by Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission (CySEC) and have been in business since 1999.

Which is better SogoTrade or Forex.com?

SogoTrade and Forex.com do not have a high rating, so we recommend trading with a more reputable alternative broker.

Is SogoTrade a con?

SogoTrade is regulated by Financial Industry Regulatory Authority (FINRA) and have been in business since 2008. We recommend looking at a SogoTrade alternative that has more financial regulation.

Is Forex.com a con?

Forex.com is regulated by Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission (CySEC) and have been in business since 1999. Forex.com is most definitely not a con as they are regulated by major financial regulators.

What happens if SogoTrade or Forex.com go bust?

SogoTrade and Forex.com are regulated, which means that as part of their regulatory obligations SogoTrade and Forex.com have to offer a certain level of financial protection to their clients. SogoTrade and Forex.com should by law keep client funds separate from SogoTrade and Forex.com funds. If either SogoTrade or Forex.com goes bankrupt, they should not have access to your money. Customer accounts should be segregated. A financial services compensation scheme differs from country to country, so check this on the SogoTrade and Forex.com websites and regulators.

Are SogoTrade or Forex.com good for beginners?

SogoTrade and Forex.com offer low deposits and access to a selection of market insights and news resources. Both SogoTrade and Forex.com offer demo accounts. Demo trading accounts are a big plus for SogoTrade and Forex.com as it shows they are interested in their customers.


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