eToro vs sogotrade, for 2024
67% of retail investor accounts lose money when trading CFDs with this provider. US customers only have access to cryptocurrencies
Your capital is at risk
eToro vs sogotrade Guide
Read our In-Depth eToro vs sogotrade Review - for 2024
Our eToro vs sogotrade review has been revised for 2024 from industry experts boasting significant financial experience across Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of eToro vs sogotrade does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
sogotrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs sogotrade
Every platforms for online trading feature a few advantages and disadvantages, so a complete eToro and sogotrade review would not be regarded as thorough without having a balanced approach.
Compare eToro and sogotrade to understand the way these platforms line up with one another prior to you choose to create an account. Conducting a comprehensive comparison can bring aspects in perspective so that you're cognizant of the expectations.
So you are looking for a professional broker and are choosing between eToro or sogotrade. Who should you choose?
Our eToro vs sogotrade comparison contains the latest information so you can easily compare sogotrade against eToro.
If you are a new entrant in the realm of trading and brokers, so many details will be perplexing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You will acquire proficient at all of the concepts of brokerage since you keep trading. For starters, you need to select the ideal agent who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. eToro and sogotrade are just two such companies that will take you along with your investment into great heights. It is crucial that you compare eToro vs sogotrade until you trust them with your cash.
Our eToro vs sogotrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and sogotrade side by side.
Our entire eToro vs sogotrade Review covers all you need to know about trading with either eToro or sogotrade. A good agent can multiply your first investments and provide you positive profits. If you want to make profits, you must trade with a broker service that aligns with your investment objectives.
There is no sure-fire method to guarantee profits; therefore, you must carefully assess your broker before you select them. It's a frequent misconception that all agents are the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.
eToro and sogotrade are both brokers which have forged their way successfully to the broker world. In this review, we have attempted to collate a number of the vital facets of both eToro and sogotrade. This review will help you to understand whether either sogotrade or eToro is a good fit for your investments or not. We have tried to breakdown all the features and fees for your convenience.
Benefits of eToro and sogotrade Compared
eToro offers a minimum deposit of $50 while sogotrade offers a $250 minimum deposit.
Why smaller minimum deposits are good and how eToro and sogotrade compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
eToro has around 100 financial instruments whilst sogotrade has around 100 financial instruments available.
The more instruments you can trade on the eToro and sogotrade platforms the better. 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 never want to miss out on a trading opportunity due to the limitations of eToro or sogotrade.
eToro and sogotrade Contact Details
Being able to contact an online trading platform through many ways is vital. eToro and sogotrade have the following contact details and social medias that you can use.
|24th floor, One Canada Square, Canary Wharf, London, E14 5AB
|eToro Twitter Account
|sogotrade Twitter Account
|eToro Facebook Page
|sogotrade Facebook Page
|eToro Instagram Account
|sogotrade Instagram Account
|eToro LinkedIn Page
|sogotrade LinkedIn Page
|eToro YouTube Channel
|sogotrade YouTube Channel
|Find Out More
sogotrade and eToro Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of eToro and sogotrade we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
eToro vs sogotrade - Awards
eToro have won many industry awards over the time they have been operating as an online trading platform. We detail the most notable awards for eToro here.
|At the time of writing this sogotrade review, and despite sogotrade’s impressive offering, the company has surprisingly not garnered any awards to date.
|Find Out More
eToro vs sogotrade - Frequently Asked Questions
eToro vs sogotrade - Headquarters And Year Of Founding
eToro was founded in 2007 and has its head office in Cyprus, UK.
sogotrade was founded in 2016 and has its headquaters in USA.
What is the minimum deposit for sogotrade or eToro
The minimum deposit for eToro is $50.
The minimum deposit for sogotrade is $250.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both eToro and sogotrade are a good option.
eToro vs sogotrade - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
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.
Both eToro and sogotrade have a powerful collection of rules for ensuring fair trading onto their own platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their individual privacy regulations, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare eToro vs sogotrade Commission And Fees
eToro and sogotrade are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled much better. In other words, an internet broker isn't necessarily influenced by the number of clients they have.
But this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily three different types of fees for this objective.
The first kind of charges to look out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading charges. In these instances, you are spending a spread, financing rate, or a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight prices are those that are billed when you maintain a leveraged position for more than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are determined by the activities you undertake in your account. They are billed for operations like depositing cash, not trading for long periods, or withdrawals.
In general, neither eToro or sogotrade charge high fees in comparison to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a smaller sum. This is beneficial for those who often trade, such as daily or weekly trading.
However, non-trading fees charged by eToro and sogotrade are comparatively lower. Consequently, you're billed more for non-trading activities in your trading account, such as withdrawal and deposits. These are not about the purchase and sale of assets.
This eToro vs sogotrade review for 2024 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For eToro And sogotrade
What Languages Do eToro And sogotrade Support?
Being able to communicate completely with your trading broker is a key part of comparing trading platforms to find your perfect broker. Not only for support but to ensure you completely understand everything on their site and inside their application as it is a key part of success when trading forex.
Below you can find all the languages that both eToro and sogotrade offer communication in.
How Many Clients Do eToro and sogotrade Have?
Both eToro and sogotrade are well known and trusted. It is really important to work with an online broker you can trust and one of the easiest ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many users eToro and sogotrade have
|Clients / Users
|Find Out More
What Payment Methods Do eToro and sogotrade Accept?
eToro and sogotrade both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at eToro and sogotrade
What Can You Trade With eToro and sogotrade?
eToro offers 100 trading instruments and sogotrade offers 190.
Below you will find a full breakdown of what both eToro and sogotrade offer.
eToro vs sogotrade:
Table Of Contents
- Compare eToro vs sogotrade
- Benefits of eToro and sogotrade Compared
- sogotrade and eToro Mobile App Comparison
- eToro vs sogotrade - Awards
- eToro vs sogotrade - Frequently Asked Questions
- What is the minimum deposit for sogotrade or eToro
- eToro vs sogotrade - Regulation And Licencing In More Detail
- Compare Broker Fees For eToro And sogotrade
- What Languages Do eToro And sogotrade Support?
- How Many Clients Do eToro and sogotrade Have?
- What Payment Methods Do eToro and sogotrade Accept?
- What Can You Trade With eToro and sogotrade?