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The data are from WIKI Research 2021.04.21 updated
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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.
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
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.