sogotrade Review: Pros, Cons, And How It Stacks Up | for 2025
This sogotrade review has been updated for 2025 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about sogotrade to give you the most comprehensive guide available.
sogotrade is a professional broker that was founded in 2016. They have around 260 employees that help the company provide Financial Markets Access, to 1,000,000+ clients through MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps.
sogotrade Guide – Read our In-Depth sogotrade Review
sogotrade Rating: 4.95 / 10
This sogotrade review page contains information about investing with sogotrade. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Please note that due to regulations, the content in this review of sogotrade does not apply to users in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
This sogotrade review contains the latest information surrounding sogotrade.
If you're new to the world of trading online and brokers, so many details will no doubt be confusing for you. Getting into the world of online trading requires expert assessing skills and thorough understanding. You'll get adept at all of the concepts of online trading and brokerages while you continue trading. For starters, you need to select the ideal agent who'll constantly be clear with you.
In the fast-paced universe of financial markets and trading, you'll need guidance to make educated decisions. A professionally lead investment partner could assist you in minimising any potential losses and maximising any profits. sogotrade is one such stage which will help you. It's important that you understand all you can about any broker before you trust them with your money.
When engaging in online trading with platforms such as sogotrade, it's crucial to carefully assess sogotrade as your broker, as this choice can greatly influence your success. Selecting the right broker is vital for your sogotrade investments to flourish. However, be cautious of bogus and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be vigilant and rigorous in your sogotrade broker selection to protect your hard-earned money. Performing your due diligence and researching the trustworthiness of sogotrade, its track record, and reputation is vital. Moreover, ensure the sogotrade broker's offerings, trading tools, fees, and regulation align with your objectives.
Remember, sogotrade should be a supportive ally on your trading journey.
Our team has worked diligently to simplify the intricate world of trading with sogotrade into easily understandable information in this sogotrade review. Our goal is to equip you with the knowledge necessary to confidently use sogotrade trading tools, ranging from depositing and withdrawing funds to executing trades.
We recognize that well-informed decisions with sogotrade are the cornerstone of successful trading. As such, we've provided this comprehensive sogotrade review. So, settle in, grab a cup of coffee, and immerse yourself in learning about sogotrade and how it can benefit you, or if sogotrade might not be the right fit for you.
sogotrade Guide for 2025 – Quick Summary
| sogotrade Telephone: | |
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| Year Founded: | 2016 |
| Regulated By: | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F307 |
| Hedquarters: | USA |
| Minimum Deposit: | $250 |
| Number Of Clients: | 1,000,000+ sogotrade users and traders |
| sogotrade LinkedIn: | |
| sogotrade Facebook: | |
| sogotrade Facebook Likes: | 0 |
| sogotrade Twitter: | @ |
| sogotrade Twitter Followers: | 0 |
| sogotrade Instagram: | |
| sogotrade Instagram Followers: | 0 |
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Your capital is at risk |
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Our full sogotrade review for beginners covers everything you need to know about trading via sogotrade. A fantastic broker can use your initial investments and help to protect it from losses but also give you a platform that can help to provide you favourable profits. If you want to earn profits, you should trade with a broker service that aligns with your investing objectives.
Of course, there is no sure-fire method to guarantee profits; thus, you should carefully analyze your agent before you choose them. It is a common misconception that all agents will be exactly the same, but that is not true. Wrong judgment, in the beginning, can put your investments at risk.
sogotrade is a trading partner that has paved its way successfully to the brokerage world. In this review, we have tried to collate some of the important facets of sogotrade. This guide can allow you to understand whether sogotrade is a fantastic match for your investments or not. We've attempted to breakdown all of the qualities and charges for your convenience.
Who are sogotrade?
sogotrade is a forex broker with its head office in USA and provides a variety of tools for trading. Since its establishment in 2016 they have emerged as a top-tier player in the field of online trading. sogotrade includes an extremely competitive and full-featured trading site that's focused on forex, indices, metals, shares, commodities.
Over the past 9 years, sogotrade has grown into one of the top online brokers available to the public.
After launching in 2016, their consumer base has become as large as 1,000,000+ clients.
sogotrade is the favourite for many traders because of its negative balance protection. Our sogotrade account review found that they are a superb solution for online trading options. They're best suited for investors that are looking for a variety of assets. Social and easy to use trading solutions are the heart at sogotrade.
Technology plays a significant role in sogotrade. They features trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps. sogotrade is fair, transparent, and a well-regulated agent by the Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F307. Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also supply in-house research.
The educational section at sogotrade is very enlightening for new dealers as it allows them to get a closer look in the financial markets. sogotrade caters to all types of traders and are a must-have broker for any well-diversified method of trading.
Benefits of trading with sogotrade in 2025
Trading with sogotrade includes numerous advantages. These advantages are what sets sogotrade ahead of the rest of the online brokers. You should check all of the benefits listed so that you have a better comprehension of sogotrade.
The agent goes to great lengths to comprehend what dealers need. Consequently, the support, fast, and convenient. The broker also provides a number of platforms for all kinds of traders. sogotrade ensures that the individual needs of all traders are met to the best of their ability.
sogotrade also includes excellent trading conditions which are available to all and not just an elite group of institutional customers. The tight spreads and fast executions are a fantastic benefit for all traders. The technology embraced by sogotrade is of the maximum caliber, making sure that it is fast, reliable, and effective.
sogotrade admits the importance of having a fast order execution. A fast execution enables users to exchange without fretting about slippage safely. It is going to also aid the dealers to catch any opportunities.
sogotrade has over 190 trading instruments to support all kinds of traders. These instruments are lively and suitable for both new and seasoned traders. All dealers can put aside all their concerns when trading with sogotrade.
sogotrade Overview
Year Founded: 2016
Regulated By: Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F307
Hedquarters: USA
Minimum Deposit: $250
Number Of Clients: 1,000,000+
Your capital is at risk
If you feel that sogotrade is not right for you then at the bottom of this sogotrade review you will find a lot of alternatives to sogotrade.
Everything you should know about trading with sogotrade
sogotrade is a dynamic platform that offers various methods of trading online. These instruments cover the monetary markets considerably. The Majority of the brokerage platforms offer fewer approaches than sogotrade
If you want to trade with sogotrade, you'll need a minimum deposit of $250. This deposit is mandatory if you wish to begin trading using sogotrade. This 2025 sogotrade review will guide you easily about trading with them.
sogotrade is as flexible as another brokerage platform. sogotrade is ideal for traders who want a manageable assortment of low-cost services. The platforms supplied by sogotrade are third-party, white-label offerings. All traders can select from MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
Together with everything, sogotrade has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a transaction must be kept available. The agents offer premium client service that rewards clients with advantages.
Many less reputable brokers attempt to pressurise customers into bigger funding for superior services. sogotrade, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the greater benefits will come along.
sogotrade accounts are available globally and provides quality service everywhere they have customers. There are a few countries where sogotrade accounts are not available. Traders in the following countries cannot open or use a sogotrade account:
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is sogotrade Safe To Trade With In 2025?
Founded in 2016, sogotrade has been in operation for 9 years, they have a head office in USA
sogotrade is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F307. These bodies have rules that ensure that trading platforms have steps in place to keep investor's resources procured. This means that sogotrade users do not need to worry about their money as it is segregated and safely kept in banks that are established. SSL encryption secures every user's personal information as well.
You can make use of a choice for 2 Factor Authentications (2FA) with sogotrade for increased safety. An SMS for the verification code will be sent to your phone. You will be required to enter this code to log in to your account.
Another concern with fiscal brokers is in respect to safety may be manipulation of trading. This is highly disadvantageous to users on those platforms. Nonetheless, this is more prevalent in the case of Market Maker brokers who compete with customers on the platform.
sogotrade Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With sogotrade
Every online trading platform has a few pros and cons sogotrade review would be complete without showing both sides. This sogotrade review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
sogotrade Pro's
sogotrade is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F307.
sogotrade offers customer support over the phone.
sogotrade provides customer support over email.
sogotrade gives access to customer support over livechat.
sogotrade offers negative balance protection.
You can trade Cryptocurrencies with sogotrade.
sogotrade has over 100 employees.
sogotrade allows scalping.
sogotrade allows hedging.
sogotrade allows commodity trading.
You can trade metals with sogotrade.
You can trade energies with sogotrade.
sogotrade Con's
sogotrade is not highly rated by us. sogotrade hasn't won any awards. sogotrade doesn't offer guaranteed stop loss. sogotrade has a high minimum deposit requirement. sogotrade charges withdrawal fees. sogotrade charges inactivity fees. sogotrade doesn't offer social trading. sogotrade doesn't offer copy trading.Compare Brokers Similar To sogotrade
Regulation And Licencing In More Detail
sogotrade is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F307.
sogotrade, as a company, has a strong set of rules for ensuring honest trading onto its own platform. For data encryption purposes, it provides an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client information is to not be shared with some other institutions or individuals. Including credit history and other financial information.
sogotrade Awards
At the time of writing this sogotrade review, and despite sogotrade’s impressive offering, the company has surprisingly not garnered any awards to date.sogotrade Trading Platforms
sogotrade are a reputable brokerage that has been operating for over 9 years. They offer a wide range of options in their customer accounts.
In the following table we take the main parts of any great brokerage and compare sogotrade with Startrader, and freetrade.
sogotrade MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
You can start using the MetaTrader 4 platform with sogotrade in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. sogotrade MetaTrader 4 is compatible with the latest macOS. sogotrade allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and sogotrade
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With sogotrade MetaTrader 4 On iOS Devices
You can download the sogotrade app or also trade with sogotrade through the MetaTrader 4 application on the Apple app store.
Download the sogotrade MetaTrader 4 Program free of charge from Apple's App Store. sogotrade customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With sogotrade MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. sogotrade provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 1,000,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android sogotrade MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit that you must deposit to get started on sogotrade is $250. This is a decent amount for those just beginning. It's possible to create more advanced deposits as you cooperate. But, ensure you understand how to make the most of your money before investing larger amounts.
Commission And Fees Explained
sogotrade is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. In other words, an online broker is not necessarily affected by the amount of customers they have.
However, this does not mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly three types of penalties for this objective.
The first kind of fees to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you're charged trading charges. In such cases, you are spending a spread, financing rate, or a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the difference between the buying and selling price. Funding or overnight prices are those that are billed when you maintain a leveraged position for longer than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are determined by the actions you undertake on your account. They're charged for services like depositing money, not trading for long periods, or withdrawals.
Generally, sogotrade does not charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for those who regularly exchange, such as weekly or daily trading.
However, non-trading fees charged by sogotrade are comparatively lower. Consequently, you are charged more for non-trading actions on your trading account, such as withdrawal and deposits. These aren't about the purchase and sale of resources.
This sogotrade review breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees Of sogotrade
sogotrade Withdrawal Fees Explained
sogotrade charges a withdrawal fee when you make a bank transfer. Every time you move money into your bank account, these withdrawal fees become important.
Withdrawal of cash is possible at any moment from your sogotrade account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the perimeter used. One thing to remember is that you don't necessarily need to have any cash in your accounts.
Moreover, the withdrawn money will be moved directly to the account you use to create deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn money is going to be sent to the cardsogotrade will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will depend on the money you are opting to draw in.
sogotrade Inactivity Fees Explained
sogotrade charges an inactivity fee when you don't create any trades for a while.
Even if no fees are implied by sogotrade, it's best that you close the account if you're inactive. Inactivity fees aren't only charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee is contingent upon the type of account you have selected. The inactivity fee is exposed to many conditions and needs to be disclosed clearly by the agent beforehand.
sogotrade Deposit Fees Explained
When you transfer money in your trading account by the bank account, a deposit fee can be billed by the broker. Most brokers do not charge too much money for this operation.
sogotrade doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money into the sogotrade trading platform is easy. You simply have to complete a single-user profile survey to begin depositing money into your trading account. You will need to give an identity proof and proof of residency to deposit large sums.
Compare sogotrade Vs Other Broker Deposit Methods
What Can You Trade With sogotrade in 2025?
Note: sogotrade provides many different trading instruments due to regulatory restrictions in various countries. Trading instruments offered may differ based on the country of residence of the client.
sogotrade has a wide variety of over 190 instruments available for you to trade with.
If trading forex pairs is of interest to you then sogotrade offer over 160 currency pairs.
Compare sogotrade, Startrader & freetrade below.
sogotrade Trading App Review
Note: sogotrade's mobile app has a lot of functionality and is being constantly improved. What follows was correct at the time of compiling this sogotrade broker review.
Understand the capabilities of the mobile apps of sogotrade, Startrader & freetrade below.
Trading Education Available At sogotrade
Understand the trading resources available with sogotrade, Startrader & freetrade below.
sogotrade Customer Support
In our sogotrade broker review we examined the customer service options, response times and on the sogotrade trading platform problems solution effectiveness. sogotrade support many languages, including English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
sogotrade Live Chat Support
We have tested the live chat on sogotrade, and it was very effective. We made a request via sogotrade livechat via their website and app and recieved a response after 10 seconds. On Occasion there was no response.
We have tested communication via sogotrade support in a variety of languages across multiple countries. sogotrade were successful in resolving customer problems.
sogotrade Phone Support
We made a call to sogotrade and the call was answered extremely promptly. The call was answered in less than 5-10 minutes.
The sogotrade phone support team was able to successfuly answer our queries and problems via phone. We tested the multi-lingual sogotrade team by calling in varying languages. sogotrade made efforts to ensure that our questions were addressed.
Overall, the phone support from sogotrade was good.
sogotrade Email Support
We have sent numerous emails to sogotrade and the response times were all excellent. The fastest email response from sogotrade was 2 hours while the longest response time was 3 days! There were times when there was no response. Support response times can vary for you at sogotrade, however we have had this experience sending 10 emails at varying times.
The team solved and responded to our queries. The overall average of email support provided by sogotrade was acceptable.
Alternatives To sogotrade
If, after reading this sogotrade review, they don't quite fulfill your needs check out these sogotrade alternatives.
We've scoured the web to find the best alternatives to sogotrade. Click the links below to find out more.
Frequently Asked Questions
Can I try sogotrade before I buy?
Yes, you can most definitely try sogotrade before you buy. sogotrade provides demo accounts for the convenience of inexperienced traders. You may use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register to get a demonstration account with sogotrade, you will set out using a decent amount of virtual currency. It is to establish a sense of safety and confidence in you before you decide to invest your own money.
With a virtual sogotradedemo account, you are able to experiment in any way, to whatever period you wish. You can also start positions, test different trading approaches, and much more.
sogotrade specifies on its official website that you can exchange real time stocks with your demo account.
Is sogotrade safe?
It is possible to drop all of your worries because we believe that sogotrade is completely safe to use. It is in compliance with all the principles of Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F307.
Nevertheless, sogotrade does not have assured stop-loss protection.
Why does sogotrade ask for my passport?
The reason that sogotrade asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, sogotrade has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, sogotrade must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with sogotrade?
The process to start trading with sogotrade is super simple. You need to begin by signing up on the sogotrade website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but sogotrade are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with sogotrade is $250. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with sogotrade.
The best way to kickstart your trading career with sogotrade is to open a demo account facility before risking any real money
What funding methods do sogotrade accept?
There are a number of ways to finance your account with sogotrade. The process is effortless and quick, with different payment methods in your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You must bear in mind that PayPal isn't available in every country. The monies sogotrade accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit techniques you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility also, though it takes about 4-7 days.
Is my money safe with sogotrade?
Yes, your money is safe and protected with sogotrade. As you know, sogotrade works with good conformation to regulations. It's established plenty of steps to guard all its own investors.
sogotrade safeguards its clients' private and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you wish to further protect your accounts, you can empower Two-Step Verification as well. It takes an SMS affirmation for you to access your account.
Is sogotrade trading good?
Yes, trading through sogotrade is a nice and decent experience indeed. It is a great and intuitive platform with helpful features for your ease. Moreover, you can also obtain access to a huge selection of educational tools and assistive substance to kickstart your trading expertise.
If you are still skeptical, you can start a eToro demo account and assess the trustworthiness of the platform on your own.
Which Countries do sogotrade support?
sogotrade operates around the globe. However, due to regulations sogotrade does not accept clients from Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is sogotrade legit?
sogotrade is a legit company headquarted in USA since 2016. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F307. sogotrade is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is sogotrade a good broker?
sogotrade is an excellent broker, and its own users can vouch for this. The highlight of this platform is its fast order execution on transactions.
You will find the clean layout of this platform and the admirable features are pleasant to work with.
Is sogotrade a trustworthy broker?
Yes, sogotrade is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 1,000,000+ users registered with them can affirm to their trustworthy nature.
What is the minimum deposit for sogotrade?
The minimum deposit to open a live account with sogotrade is $250
How long do sogotrade withdrawals take?
Normally, withdrawal of money from sogotrade is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from sogotrade to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is sogotrade regulated?
sogotrade are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F307
Is sogotrade a market leading broker?
sogotrade is indisputably one of the business leaders. It supports over 1,000,000+ registered users and over 9 years of experience on its record. They are among the world's top trading platforms and also a dominant figure in the Fintech revolution.
It majorly owes this status to its incredible platform and broad selection of tools plus resources so you can invest in capital markets.
Is sogotrade a con?
No, sogotrade is not a con. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F307 and must adhere to their rules. Thus, it is safe to say that sogotrade is not a scam.
Can you make money with sogotrade?
Using sogotrade, several traders earn a great deal of cash. But, just like all online brokerages, it is important to note that traders can also lose money. In particular, Your capital is at risk
This can look to be a little number, but within the year, this adds to a significant amount of gains. While sogotrade supply you all of the tools to earn money, they cannot guarantee that you will gain.
Does sogotrade have fees?
Yes. To begin trading using sogotrade, you have to deposit $250. Particular commissions while trading additionally applies. Any processing fees from your bank might need to be incurred by you.
When was sogotrade founded?
sogotrade was founded in 2016 in USA. sogotrade is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F307.
How many people use sogotrade?
sogotrade is a worldwide recognised agent with 1,000,000+ clients.
Where is the sogotrade head office?
sogotrade has its head office in USA
Does sogotrade offer negative balance protection?
Yes, sogotrade has Negative Balance Protection. It's especially offered when the market volatility prevents customers from letting their account go into the red. In such a scenario, sogotrade offers the ability to reset a customers account balance to zero.
You should go through the critical terms and conditions on sogotrade's site to understand their policies better.
Does sogotrade offer guaranteed stop loss?
sogotrade, regrettably, doesn't provide guaranteed stop loss. sogotrade provides an opportunity for its dealers to close their trade at their specified price. Apart from that, sogotrade does not offer guaranteed stop loss.
Does sogotrade allow scalping?
Yes, sogotrade does permit scalping. Several traders throughout the world select sogotrade for their scalping services. They offer trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps which allow this.
Does sogotrade allow hedging?
Yes, sogotrade does allow hedging.
Can you trade energies with sogotrade?
Yes, you can trade energy stocks with sogotrade
Can you trade agricultural shares with sogotrade?
No, unfortunately you cannot trade agricultural stock with sogotrade
Can you trade cryptocurrency with sogotrade?
Yes, you can trade cryptocurrency with sogotrade
Can you trade metals with sogotrade?
Yes, you can trade metals with sogotrade
Can you trade UK Shares with sogotrade?
No, unfortunately you cannot trade UK shares with sogotrade
Can you trade US Shares with sogotrade?
No, unfortunately you cannot trade US shares with sogotrade
Can you trade Japanese Shares with sogotrade?
No, unfortunately you cannot trade Japanese shares with sogotrade
Can you trade German Shares with sogotrade?
Yes, you can trade German shares with sogotrade
Does sogotrade accept bank transfers?
Yes, sogotrade accepts bank transfers for depositing money.
Does sogotrade accept credit cards?
Yes, sogotrade accepts credit cards for depositing money.
Does sogotrade accept PayPal?
Yes, sogotrade accepts PayPal for depositing money.
Does sogotrade accept Skrill?
Yes, sogotrade accepts Skrill for depositing money.
Skrill (formerly Moneybookers) is a digital wallet provider established in 2001 that offers a range of payment options online and transfer services.
Since launch, Skrill has expanded to be available in more than 120 countries with the digital wallet available in more than 40 currencies. Customers can deposit money into their Skrill wallet through a variety of payment options including by bank transfer, card and a variety of other payment methods. The funds can later be used to make payments to merchants, other Skrill customers, or converted to cryptocurrency.
Skrill also provides cross-border payment via its remittance service Skrill Money Transfer. It allows customers to transfer money to an account at a bank overseas with their bank card. The service was acquired in 2015 by the Paysafe Group. Skrill became part of the Paysafe Group along with former rival Neteller and the prepaid payment company paysafecard.
Skrill has a variety of licenses enabling it to offer its services across Europe as well as globally. Skrill is managed through Paysafe Payment Solutions Limited, which is a company that is registered in Ireland and regulated by Central Bank of Ireland, for its European controlled activities. Skrill's operations outside of its European Economic Area are operated by Skrill Limited - a company that is incorporated inside the United Kingdom and regulated by the Financial Conduct Authority.
Does sogotrade accept Payoneer?
Yes, sogotrade accepts Payoneer for depositing money.
Payoneer, an American financial services company, offers online money transfer and digital payment services. It also provides working capital to customers.
Account holders can send and receive funds using an e-wallet, a virtual bank account number in a local currency or a re-loadable prepaid MasterCard debit card. The Payoneer debit card allows money to be used online or at point-of-sale with the Payoneer debit cards. This company is a specialist in cross-border B2B transactions. The company facilitates cross-border transactions in more than 200 countries and territories, as well as more than 150 local currencies. It also offers cross-border wire transfers, online payments and refillable debit cards services.
Payoneer is used by companies like Airbnb, Google, Amazon and Upwork to send large-scale payouts all over the globe. It is also used by eCommerce marketplaces such as Rakuten, Walmart and Wish.com, freelance marketplaces such as Fiverr and Envato, and works with ad networks to connect these firms with publishers based outside of their headquartered country.
In the content creation space, Payoneer works with Getty Images, iStock, Pond5, and others as well as in the freelance marketplace.
Payoneer's customer service team includes 320 employees that support 4,000,000 customers in 70 languages and in 150 currencies.
In October 2019, the company launched a service aimed for small and medium-sized businesses to send payments anywhere in the world quickly and cheaply.
Does sogotrade accept Neteller?
Yes, sogotrade accepts Neteller for depositing money.
Does sogotrade offer Live Chat customer support?
Yes, sogotrade offers customer support through live chat.
Does sogotrade offer phone customer support?
Yes, sogotrade offers customer support over the telephone.
Does sogotrade offer email customer support?
Yes, sogotrade offers customer support through email.
What languages can sogotrade communicate in?
sogotrade has the ability to communicate and support customers who speak: English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Does sogotrade have a wikipedia page?
No, sogotrade does not have an official wikipedia page.
Does sogotrade offer demo accounts?
Yes, sogotrade offers virtual portfolio accounts so you can learn their systems before risking any real capital. New traders can open a virtual portfolio account in order to better understand the areas of Forex trading and test out some of the features before risking a live account.
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