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Company Name:
SogoTrade, IncCompany Abbreviation:
SogoTradePlace of registration:
Regulatory Status:
No RegulatoryCustomer Service Email Address:
services@sogotrade.comCustomer Service Phone Number:
1-888-681-7646Company summary
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. About MoreWarning: Low score, please stay away!
Previous Detection: 2021.04.21 Risk: 1 Item
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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.
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
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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.
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