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The WikiFX Score of this broker is reduced because of too many complaints!

SogoTrade

United States|5-10 years|
Suspicious Regulatory License|High potential risk|

https://sogotrade.com/

Website

Rating Index

Influence

Influence

B

Influence index NO.1

United States 5.86

Surpassed 50.88% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+1 888-681-7646
services@sogotrade.com
https://sogotrade.com/
1 McBride and Son Center Dr. Suite 288 Chesterfield, MO 63005 SogoTrade Building
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+1 888-681-7646

English

+1 646-885-6594

Broker Information

More

Company Name

SogoTrade, Inc

Company Abbreviation

SogoTrade

Platform registered country and region

United States

Company website
Twitter
Facebook
YouTube

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-02-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

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SogoTrade · Company Summary

Company Summary

Company profile

General Information & Regulation

SogoTrade claims to be a global online financial trading platform and diversified asset broker, founded in 2008 and based in the United States. After 13 years of development, Sogo Trade has grown to provide retail investors with forex trading, CFD trading, social trading, and stock trading services. SogoTrade is not subject to any effective regulation.

Market Instruments

SogoTrade is a multi-asset trading platform that offers investors access to over 205 financial assets, mainly Forex pairs, CFDs, social trading, and stock trading.

Minimum Deposit

SogoTrade offers investors two different types of trading accounts, including Mini and Standard accounts. Sogo Trade requires no minimum deposit requirement for accounts, which is probably one of the advantages over most traders.

SogoTrade Leverage

The maximum leverage level offered by SogoTrade is pretty low, only 1:2, when it comes to trading leverage. Since margin trading is risky, choosing the right amount is a key risk determination for traders.

Trading Platform

SogoTrade offers traders the most popular MT4 trading platform, the latest generation of MT4, the MT5 trading platform, and a browser-based online trading platform. Three different trading platforms are available for traders to choose flexibly.

Deposit & Withdrawal

SogoTrade allows traders to deposit and withdraw funds to and from their investment accounts via credit card, wire transfer, Neteller, Skrill, etc. Sogo Trade's processing time for client withdrawals and deposits is within 2-3 days.

Customer Support

SogoTrade customer service is offered via online chat, telephone and email. The knowledgeable specialists team speak English and Chinese and are available Monday through Friday, 7:00a.m. until 8:00p.m. Eastern time (excluding stock exchange holidays).

User Reviews

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User comment

3

Comments

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Andyliew
more than one year
SogoTrade's swaps rates are better than most if not all. Ticks are richer than some brokers as well. I just wish I had found this broker earlier.
2023-02-28 13:49
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0
0
风格86450
more than one year
Exceptional support team. I had a few questions, and all emails and chats were answered within minutes. In terms of customer service, SogoTrade deserves five stars.
2023-02-15 17:53
Reply
0
0
太阳花
more than one year
SogoTrade's website looks cluttered, and I don't see any regulatory information on it. That means it's very likely to be unsafe!!
2022-12-20 11:32
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0
0
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