No Regulatory

SogoTrade

2-5 years

Suspicious Regulatory License

Non MT4/5 Software

Suspicious Scope of Business

Website

https://sogotrade.com

Open an Account Online

Trading software download

Rating

0 1 2 3 4 5 6 7 8 9

/10

License Index

0.00

Business Index

5.89

Risk Management Index

0.00

Software Index

4.00

Regulatory Index

0.00

Licenses

No valid regulatory information
Please be aware of the risk!

Overview

Company Name:
SogoTrade, Inc
Company Abbreviation:
SogoTrade
Place of registration:
United States
Regulatory Status:
No Regulatory
Customer Service Email Address:
services@sogotrade.com
Customer Service Phone Number:
1-888-681-7646
Company summary
BasicInformation&RegulationofSogoTradeSogoTradeclaimstobeaglobalonlinefinancialtradingplatformanddiversifiedassetbroker,foundedin2008andbasedintheUnitedStates.After13yearsofdevelopment,SogoTradehasgrowntoprovideretailinvestorswithforextrading,CFDtrading,socialtrading,andstocktradingservices.SogoTradeisnotsubjecttoanyeffectiveregulation.SecurityAnalysisofSogoTradeSogoTradeiscurrentlyanunregulatedbroker,whichmeansthatthesafetyofinvestors'fundsandtradingactivitiesarenoteffectivelyprotected.InvestorsshouldchoosebrokersthatareregulatedbytheFCAintheUK,CySECinCyprus,andASICinAustralia.MarketInstrumentsSogoTradeisamulti-assettradingplatformthatoffersinvestorsaccesstoover205financialassets,mainlyForexpairs,CFDs,socialtrading,andstocktrading.Accounts&LeverageofSogoTradeSogoTradeoffersinvestorstwodifferenttypesoftradingaccounts,namelyMiniandStandardaccounts.SogoTradehasnominimumdepositrequirementforaccounts,whichisprobablyoneoftheadvantagesovermosttraders.TradingPlatformAvailableSogoTradeofferstradersthemostpopularMT4tradingplatform,thelatestgenerationofMT4,theMT5tradingplatform,andabrowser-basedonlinetradingplatform.Threedifferenttradingplatformsareavailablefortraderstochooseflexibly.DepositandWithdrawalofSogoTradeSogoTradeallowstraderstodepositandwithdrawfundstoandfromtheirinvestmentaccountsviacreditcard,wiretransfer,Neteller,Skrill,etc.SogoTrade'sprocessingtimeforclientwithdrawalsanddepositsiswithin2-3days.Pros&ConsofSogoTradeThemainadvantagesofSogoTradeare:1.205+tradingassets2.Demoaccounts&Islamicaccountsoffered3.Threetradingplatformsavailable4.NominimumdepositrequirementsThemaindisadvantagesofSogoTradeare:1.Notsubjecttoanyregulation2.Noreal-timecustomerservices3.Notprovidingspecificinformationontrading,suchasspreads,commissions,etc About More

Pyramid scheme complaint

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Warning: Low score, please stay away!

Previous Detection: 2021.08.04 Risk: 1 Item

It has been verified that this broker currently has no valid regulatory, please be aware of the risk!

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Last Updated Time 2021-08

Brokers

BrokersSogo Trade 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. Sogo Trade is not subject to any effective regulation.

Sogo Trade 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. Sogo Trade is not subject to any effective regulation.

WikiFX
2021/5/12 10:13:23

SogoTrade · Score

SogoTrade

0.0
License Index
5.89
Business Index
0.0
Risk Management Index
0.0
Regulatory Index
4.0
Software Index

License Index
A comprehensive evaluation of the authenticity and value of the broker's license is conducted by the WikiFX legal team through various means such as inquiries on the regulatory authority's website, and through telephone and mail communication with the regulatory authorities.
Business Index
A systematic evaluation of the comprehensive level of the broker's business by the WikiFX Corporate Consultant and the Global Eye System, through the Business Compliance Verification Model, the Business Sustainability Assessment Model, and the Business Lifecycle Verification Model.
Risk Management Index
A systematic evaluation of real-time monitoring of over 40 factors such as the broker's command execution index, customer capital static index, global public opinion index, liquidity index, and credit index by the WikiFX risk management team and the WikiFX cloud system.
Regulatory Index
A quantitative assessment of the level of broker regulatory by the WikiFX compliance and audit team, through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models.
Software Index
A systematic evaluation of the dynamic tracking test and technology of more than 20 indicators, such as genuineness of the software and software security, stability, and order execution speed, by WikiFX data engineers and test engineers.

WikiFX·pyramid scheme complaint

1 Know about pyramid scheme >

2 Pyramid scheme complaint >

3 Done

1. What is pyramid scheme complaint?

With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!

2. 10 Features of Pyramid Scheme

High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns

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SogoTrade

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0086

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SogoTrade · Company summary

　　Basic Information & Regulation of Sogo Trade

　　Sogo Trade 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. Sogo Trade is not subject to any effective regulation.

　　Security Analysis of Sogo Trade

　　Sogo Trade is currently an unregulated broker, which means that the safety of investors' funds and trading activities are not effectively protected. Investors should choose brokers that are regulated by the FCA in the UK, CySEC in Cyprus, and ASIC in Australia.

　　Market Instruments

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

　　Accounts & Leverage of Sogo Trade

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

　　Trading Platform Available

　　Sogo Trade 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 and Withdrawal of Sogo Trade

　　Sogo Trade 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.

　　Pros & Cons of Sogo Trade

　　The main advantages of Sogo Trade are:

　　1. 205+ trading assets

　　2. Demo accounts & Islamic accounts offered

　　3. Three trading platforms available

　　4. No minimum deposit requirements

　　The main disadvantages of Sogo Trade are:

　　1. Not subject to any regulation

　　2. No real-time customer services

　　3. Not providing specific information on trading, such as spreads, commissions, etc

Risk Warning

The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.

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