

SogoTrade is a US-based platform that has a long-standing history. It was established in 1986. The additional level of security of the company is provided by FINRA and SEC. It says a lot about broker when it is backed by such reputable financial regulators. The support center is relatively fast and helpful. However, the reviews note some cons, for example, hard to navigate website and not a wide choice of assets. A demo account is not provided
Fouded
1986
Min deposit
500$
Min withdrawal
100$
Withdrawal fee
no
Inactivity fee
no
Min bet
0.01 lots
Max. leverage
1:30
Withdrawal of funds
1-7 working days
Asset type
BO, CFDs, Crypto, Forex, Indices
Regulated
FINRA, SIPC
Deposit with credit card
Visa, Mastercard, Maestro, Bank transfer, Local Bank Transfers
Depositing with electronic wallet
Skrill, Neteller
Withdrawal
Visa, Mastercard, Maestro, Bank transfer, Local Bank Transfers, Skrill, Neteller
Avalaible plamform
MT4, MT5, XM WebTrader, IOS, Android
Company registration
11 BROADWAY SUITE 514 NEW YORK, NY 10004 UNITED STATES
Contacts
1-646-885-6594
Pros
Customer service for those who call in is prompt
The options platform, SogoOptions, is tightly integrated with the OptionsPlay tool set
Chinese language support is available for customers who want it
Fully paid stock lending program can help generate additional income
Cons
SogoTrade still charges commissions for equity trades
You cannot choose a tax lot when closing a position
Switching from one web-based platform to another requires several clumsy steps
No interest is paid on idle cash