sogotrade Alternatives: Pros & Cons 2024 Update
This alternatives to sogotrade guide has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to sogotrade to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to sogotrade like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, features to their customers. If you feel that sogotrade is not quite right for you then it would be worth getting a virtual account with some of the best sogotrade alternatives and check if they are a better fit for you before moving any money around.
The most detailed review of sogotrade alternatives online
There are many reasons sogotrade may not be a good fit for your trading needs. Whatever reason you are looking for a new sogotrade alternative or sogotrade competitor with better services, comparebrokers.org will always try to give you as much useful information so you can make an informed decision. Below you will discover the most popular sogotrade alternatives.
For each of our alternative to sogotrade, we also highlight the key differences to sogotrade and for each section show you the best alternatives. For every sogotrade alternative online broker listed we also have detailed trading platform reviews and guides that you can easily click to read elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are not happy with sogotrade, discover some great alternative online trading platformsbrokers|online trading platforms|brokerages.
Trading with a reputable and dependable online broker is vital to having a successful trading career. All of the sogotrade alternative brokers listed in this sogotrade alternatives guide have good reputations and match what you are looking for.
Alternatives With Lower Minimum Deposit
sogotrade has a minimum desposit of $250, you should see how the minimum deposit requirements of sogotrade compare with the minimum deposit requirements of sogotrade competitors. Trading platforms often have lower minimum deposits to get traders to join with them, but having higher a minimum deposit isn’t always a bad thing, it all depends on your personal trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
sogotrade |
$250 | |
| freetrade |
$0 | |
| easyMarkets |
$100 | |
| Uphold |
$1 | |
| instaforex |
$250 |
Alternatives Offering Virtual Portfolio Accounts
sogotrade offers virtual portfolio accounts so you can learn their systems before risking any real capital. Newbie traders can open a virtual portfolio account in order to become better acquainted with the areas of Forex trading and test out some of the company’s features before risking a live account.
Below we list some of the best alternatives to sogotrade that offer demo accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
sogotrade |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
sogotrade has negative balance protection. It is specially offered when the industry volatility keeps clients from letting their accounts go into the red. In a situation like this, sogotrade provides the ability to reset a clients account balance to zero.
You can go through the critical stipulations on sogotrade's site to comprehend their policies better.
Below we list some of the best alternatives to sogotrade that offer negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
sogotrade |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
sogotrade regrettably, doesn't provide guaranteed stop loss. sogotrade provides an opportunity for its traders to close their trades at their specified price. Apart from this, sogotrade doesn't provide guaranteed stop loss.
Below we show some of the top sogotrade alternatives that have guaranteed stop loss available for their users.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
sogotrade |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
sogotrade do permit scalping. Several traders across the world select sogotrade due to their scalping services. They offer trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps which allow this.
Below we list some of the best alternatives to sogotrade that offer scalping functionality to their users.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
sogotrade |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
sogotrade do permit hedging. Many traders around the world select sogotrade for their hedging services. They offer trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps.
Below we list some of the top alternatives to sogotrade that offer hedging services to their user base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
sogotrade |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
Unfortunately, sogotrade does not offer social trading.
Below we show some of the best alternatives to sogotrade that have social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
sogotrade |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
Unfortunately, sogotrade does not offer copy trading.
Below we list some of the best alternatives to sogotrade that have copy trading to their clients
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
sogotrade |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare sogotrade To All Other Brokers