SogoTrade Vs FXPrimus

How SogoTrade and FXPrimus Compare in 2024

SogoTrade or FXPrimus who is better?

Compare SOGOTRADE Versus FXPRIMUS and IC Markets broker accounts.


Compare SogoTrade Vs FXPrimus Side by Side

So you are looking for a broker, SogoTrade or FXPrimus who should you choose?

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

If you're itching to start trading, we can assist you in making a well-informed decision when comparing SogoTrade and FXPrimus. By comprehensively comparing SogoTrade and FXPrimus 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, FXPrimus 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 FXPrimus. 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 FXPrimus 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

FXPrimus

(3/5)
Benefits of FXPrimus?
  • Established in 2009
  • FXPrimus have been in business for 15 years.
  • Head quarters in Cyprus.
  • Live Chat
  • Segregates clients funds
  • FXPrimus Min deposit $100
FXPrimus screenshot FXPrimus sign up here
Losses can exceed deposits
Reputation Support
Good
Great

FXPrimus Regulation

FXPrimus is regulated by the Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID).

Excluded Countries

AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC.

FXPrimus Fees

Deposit fee Varies
Commission No
Inactivity fee No
Withdrawal fee Varies
Min trade 0.01 Lot
Max trade 80 lot
Min deposit $100
View all spreads
& fees here
Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
1-2 business days

Withdrawal processing time
2-5 business days
See all FXPrimus
funding options here
Losses can exceed deposits

FXPrimus 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

FXPrimus Platforms

MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

FXPrimus Languages

English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian

See FXPrimus
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 FXPrimus
instruments here
Losses can exceed deposits

FXPrimus 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 FXPrimus website. Our records were last updated on .

Visit FXPrimus today
Losses can exceed deposits

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 FXPrimus Table of Contents

SogoTrade and FXPrimus 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 130 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

FXPrimus is a renowned Cyprus financial trading brokerage established in 2009.

FXPrimus serves customers globally and are regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID). Depending on the country you are trading from SogoTrade may serve you from a different business entity to comply with its financial regulators.

FXPrimus 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.

Benefits of SogoTrade and FXPrimus Compared

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

SogoTrade offers a minimum deposit of 0 while FXPrimus have a 100 minimum deposit.

Why smaller trading deposits are good and how SogoTrade and FXPrimus 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 FXPrimus. 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 FXPrimus 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 FXPrimus, 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 FXPrimus have around 130 on their trading platform.

The more instruments available on SogoTrade and FXPrimus 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 FXPrimus.

The SogoTrade trading platform has 0 stocks listed while FXPrimus has 60 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 FXPrimus allows retail traders to trade Forex, Social Trading on the FXPrimus MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps trading platforms.

Compare SogoTrade and FXPrimus in more detail below.

Drawbacks of SogoTrade and FXPrimus Compared

Below we compare what drawbacks SogoTrade and FXPrimus have side by side.

Various potential downsides can be associated with certain brokers, including SogoTrade and FXPrimus. 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 FXPrimus. 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 FXPrimus.

Broker sogotrade FXPrimus IC Markets
Inactivity Fees No No
Withdrawl Fees varies Varies No
Withdrawal Processing Time Varies 2-5 business days Varies
Min Deposit 0 100 200
Social Trading Yes Yes Yes
Excluded Countries AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. US, IR, CA, NZ, JP

SogoTrade Vs FXPrimus 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 FXPrimus. A diversified portfolio with SogoTrade or FXPrimus 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 FXPrimus, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as SogoTrade and FXPrimus.

Broker sogotrade FXPrimus IC Markets
Instruments Available 205 130 2250
Offers share dealing Yes No Yes
Number of Shares 0 60 2,100
Offers US Stocks No Yes Yes
Offers UK Stocks No Yes Yes
Offers German Stocks No No Yes
Offers Japanese Stocks No No Yes
Offers Indices Trading No Yes Yes
Number of Commodities 0 0 20
Offers Metals Commodities No Yes Yes
Offers Energy Commodities NO Yes Yes
Offers Agricultural Commodities No No Yes
Offers Forex Trading No Yes Yes
Number of Forex Pairs 45 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 Yes Yes

SogoTrade Vs FXPrimus Cryptocurrency Trading

Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both SogoTrade and FXPrimus, 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 FXPrimus 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 FXPrimus 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 FXPrimus could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on SogoTrade, FXPrimus, and all brokers are subject to regulation.

We compare SogoTrade vs FXPrimus Crypto options below side by side.

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

SogoTrade Vs FXPrimus Commission and Fees

knowing your trading and commission fees with SogoTrade vs FXPrimus is extremely important. For the majority of the SogoTrade 205 financial instruments and FXPrimus 130 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 FXPrimus. 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 FXPrimus before you invest because you must know what you are paying.

You ideally want to choose a broker like SogoTrade or FXPrimus 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 FXPrimus. 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 FXPrimus fees, of course. Make sure you do your research and check the commission and fees with both SogoTrade and FXPrimus 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 FXPrimus be aware of or 3rd party payment provider fees and currency conversion fees.

SogoTrade does charge inactivity fees, while FXPrimus does not charge inactivity fees.

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

Usually, the associated fees for dormant SogoTrade or FXPrimus 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 FXPrimus trading account activity to avoid any unnecessary fees or charges.

When you deposit money to a broker like SogoTrade or FXPrimus you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay SogoTrade or FXPrimus 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 FXPrimus compare side by side for commissions and fees.

Broker sogotrade FXPrimus IC Markets
Min Deposit 0 100 200
Inactivity Fees No No
Withdrawal Fees varies Varies No
Deposit Fees Varies Varies

SogoTrade Vs FXPrimus 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 FXPrimus 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 FXPrimus demo account.

Broker sogotrade FXPrimus IC Markets
Offers MT4 Yes Yes Yes
Offers MT5 Yes Yes Yes
Offers cTrader No No Yes

SogoTrade Vs FXPrimus Mobile Trading

Trading on your mobile with SogoTrade and FXPrimus 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 FXPrimus mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with SogoTrade or FXPrimus. 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 FXPrimus 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 FXPrimus is essential. Likewise, if you have an android phone, it's crucial to verify if SogoTrade or FXPrimus broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if SogoTrade and FXPrimus have trading apps compatible with your device.

Broker sogotrade FXPrimus IC Markets
Web Platform Yes Yes Yes
IOS Trading App Yes Yes
Android Trading App Yes Yes
Microsoft Trading App Yes Yes

SogoTrade Vs FXPrimus Trading Account Types Offered

SogoTrade Vs FXPrimus Demo Account

A demo account with SogoTrade or FXPrimus 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 FXPrimus demo account.

SogoTrade Vs FXPrimus 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 FXPrimus 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 does not offer clients Micro accounts, while FXPrimus does offer clients Micro accounts.

SogoTrade Vs FXPrimus Standard Account

A standard account is available on SogoTrade and FXPrimus 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 FXPrimus do offer clients Standard accounts.

SogoTrade Vs FXPrimus 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 FXPrimus or alternative.

SogoTrade does not offer clients MAM accounts, while FXPrimus does offer clients MAM accounts.

SogoTrade Vs FXPrimus 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 FXPrimus or alternative.

SogoTrade does not offer clients ECN accounts, while FXPrimus does offer clients ECN accounts.

SogoTrade Vs FXPrimus 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 FXPrimus or alternative.

Both SogoTrade and FXPrimus do offer clients Islamic accounts.

SogoTrade Vs FXPrimus 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 FXPrimus or alternative.

SogoTrade does not offer clients STP accounts, while FXPrimus does offer clients STP accounts.

SogoTrade Vs FXPrimus 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 does not offer clients Managed accounts, while FXPrimus does offer clients Managed accounts.

Broker sogotrade FXPrimus IC Markets
Offers Demo Accounts Yes Yes Yes
Offers Micro Accounts No Yes 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 Yes No

SogoTrade Vs FXPrimus Withdrawal and Funding Methods

SogoTrade and FXPrimus have multiple deposit and withdrawal options. Funding and withdrawing from your SogoTrade and FXPrimus accounts to your chosen payment method should be straightforward. Lets see how SogoTrade and FXPrimus 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 FXPrimus.

Broker sogotrade FXPrimus IC Markets
Payment Methods Credit cards, Skrill, Neteller, Bank Transfer, Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay, 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 FXPrimus Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of SogoTrade or FXPrimus 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 FXPrimus support is always available when needed. SogoTrade and FXPrimus customer support is not just useful. broker customer support is crucial to your trading success!

SogoTrade Vs FXPrimus Live Chat

Live chat is important for several reasons. When you encounter a problem with SogoTrade or FXPrimus 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 FXPrimus do offer livechat support.

SogoTrade Vs FXPrimus Email Support

When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either SogoTrade or FXPrimus 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 FXPrimus support team to answer satisfactorily. Email support with SogoTrade and FXPrimus will be needed.

Both SogoTrade and FXPrimus offer email support.

SogoTrade Vs FXPrimus 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 FXPrimus. We can get straight to the point, saving us time and frustration.

Both SogoTrade and FXPrimus offer phone support.

Lets see how SogoTrade and FXPrimus customer support compare side by side.

Broker sogotrade FXPrimus 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, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Support Email [email protected]  [email protected] [email protected]
Phone 1-212-668-1630 357 25262084 No

SogoTrade Vs FXPrimus 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 FXPrimus 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 FXPrimus have these in place, please be extremely cautious before you proceed with them.

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

Broker sogotrade FXPrimus IC Markets
FCA Regulation No No No
CySEC Regulation No Yes Yes
MiFID Regulation No Yes No
ASIC Regulation No No Yes
FSCA Regulation No No No
DFSA Regulation No No No
MAS Regulation No No No

SogoTrade Vs FXPrimus Risk Management Features

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

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

SogoTrade Vs FXPrimus 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 FXPrimus does offer clients hedging.

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

SogoTrade Vs FXPrimus 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 FXPrimus do offer clients limit orders.

SogoTrade Vs FXPrimus 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 FXPrimus do offer clients negative balance protection.

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

SogoTrade Vs FXPrimus Verdict

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

When choosing a broker like SogoTrade or FXPrimus for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with SogoTrade or FXPrimus 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 FXPrimus, 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 FXPrimus.

Also, before you sign up with online brokers like SogoTrade or FXPrimus, 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 FXPrimus before investing money into something.

Beware of the risks that come with trading with SogoTrade or FXPrimus. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all SogoTrade and FXPrimus educational resources and financial research tools. If you are new to trading, sign up for a demo account with SogoTrade and FXPrimus 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 FXPrimus 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 FXPrimus 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 FXPrimus if your investment strategy is more long-term.

SogoTrade and FXPrimus Alternatives

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

Other SogoTrade and FXPrimus Vs Comparisons

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

SogoTrade Vs Alternatives

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

FXPrimus Vs Alternatives

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

SogoTrade Vs FXPrimus Frequently Asked Questions

We answer some of the most frequently asked SogoTrade Vs FXPrimus 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 FXPrimus any Good?

FXPrimus are regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) and have been in business since 2009.

Which is better SogoTrade or FXPrimus?

SogoTrade and FXPrimus 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 FXPrimus a con?

FXPrimus is regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) and have been in business since 2009. FXPrimus is most definitely not a con as they are regulated by major financial regulators.

What happens if SogoTrade or FXPrimus go bust?

SogoTrade and FXPrimus are regulated, which means that as part of their regulatory obligations SogoTrade and FXPrimus have to offer a certain level of financial protection to their clients. SogoTrade and FXPrimus should by law keep client funds separate from SogoTrade and FXPrimus funds. If either SogoTrade or FXPrimus 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 FXPrimus websites and regulators.

Are SogoTrade or FXPrimus good for beginners?

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


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