Comparison Interactive Brokers vs SogoTrade

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Interactive Brokers vs SogoTrade. Which of them: Interactive Brokers or SogoTrade a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. Interactive Brokers has a commission fee of $0.005, and SogoTrade has a commission fee of $2.88. When analyzing trading options, the commission fees of Interactive Brokers is $0 + $0.70 per contract, and that one of SogoTrade is $2.88 + 50c. You can read more detailed information on commission fees in the online broker reviews.

Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are Interactive Brokers provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor, and SogoTrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading. Concerning the platforms, Interactive Brokers uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while SogoTrade 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. Interactive Brokers was founded in 1978 in United States, and it is regulated by NYSE, FINRA, SIPC. And SogoTrade was founded in 1986 in United States, and it is regulated by SEC and FINRA. We can withdraw funds from Interactive Brokers with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. And SogoTrade provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is $25 for US wire transfer. The time for withdrawal in Interactive Brokers is 3-5 days, and that one in SogoTrade is 3 business days.

As a result, the rating of Interactive Brokers is 4.1 stars versus that of SogoTrade of 4 stars.