Adam Rosen - Lead financial writer
When trading live markets with SogoTrade you will want to make sure any money you deposit with SogoTrade is safe. And that any positive balance that you gain from succesful trades on SogoTrade you are easily able to withdraw to your selected withdrawal methods. Its important to only fund well regulated trading platforms as you have some recourse if SogoTrade goes under. When analysing if SogoTrade are a safe trading platform to trade with you need to asses the availability of SogoTrade in your country, the reliability of the SogoTrade trading platform, what financial instruments you are able to trade on SogoTrade. What funding and margin amounts are required to trade on SogoTrade, SogoTrade commissions and fees charged for place buy and sell orders. What the SogoTrade reconciliation process is, what reporting demands SogoTrade has to financial regulators and goverment and the level of SogoTrade customer support on offer in your region.
SogoTrade is a broker that offers trading in Forex, Commodities, Indices, Stocks, Crypto, Futures. SogoTrade is not as safe as some more well regulated brokers. The SogoTrade platform is intuitive and user-friendly, and it comes with an excellent SogoTrade trading app for mobile devices. Investing opportunities are available through over 205 SogoTrade financial instruments. So SogoTrade will have something useful for most traders.
SogoTrade is known to have a stable trading platform as well as its prompt and expert customer service. The features SogoTrade offers, make it possible for traders to recognise opportunities, react to them, and quickly carry out buy and sell orders on live financial markets using SogoTrade tools.
SogoTrade is well regulated, always be wary of trading platforms like SogoTrade that seem too good to be true and if you are new to SogoTrade, always try a demo account first.
SogoTrade Desktop based trading platforms offer a more secure experience than their SogoTrade mobile app counterparts. SogoTrade trading applications must follow some fundamental guidelines, when giving traders access to live high risk financial markets. If a trading platform is offered as both a mobile app and a desktop application like SogoTrade, the SogoTrade desktop software is going to be a more secure option than the SogoTrade mobile software if you are serious about trading.
SogoTrade is not as safe as some more well regulated brokers in terms of their trading app. The SogoTrade application can be downloaded from the mobile app stores for both Apple's iOS and Google's Android operating systems, as well as from third-party websites. Only download SogoTrade from an approved verified source.
Do not confuse a basic looking SogoTrade trading app on your smartphone with a robust full SogoTrade trading platform that offers live expert customer support. Some mobile trading apps will have fewer bells and whistles than then a full fledged SogoTrade desktop trading platform on multiple screens. When there is significant volatility in the markets, a genuine trading platform like SogoTrade must not only remain stable but also operate without interruption thanks to its robust network and well-programmed live market infrastructure.
Because SogoTrade is a proper trading platform, SogoTrade can seem overly complicated to new SogoTrade traders. SogoTrade is an excellent option for individuals who are just beginning their trading careers, to experienced SogoTrade traders alike. SogoTrade does an excellent job of striking a balance between the various helpful tools and features it includes in its user-friendly SogoTrade web platform and SogoTrade mobile trading app.
There are many online trading sites that provide real-time quotes and information on trades like SogoTrade. For some SogoTrade investors, the convenience of dealing with everything in one place improves a traders workflow when using SogoTrade. Customers of brokers such as SogoTrade are given access to live data streams relating to the stock markets, Forex markets, commodities markets, crypto markets and ETF markets on SogoTrade.
The funds belonging to SogoTrade customers are stored safely in tier 1 banks, and an SSL encryption system is used to protect any personal information that may be transmitted to and from SogoTrade. SogoTrade is subject to regulation by Financial Industry Regulatory Authority (FINRA), which govern how SogoTrade as a company conducts its business. Please note that specific regulators only monitor specific SogoTrade company entities. You need to be sure of which financial regulator your SogoTrade account falls under, before trading on SogoTrade.
When checking the safety of SogoTrade. Be wary of websites that provide a limited number of customer support options. Live chat, email, and phone support are all available from SogoTrade. If the SogoTrade trading platform. If you ever have any issues with funding your SogoTrade account, withdrawaling from your SogoTrade account or accessing the SogoTrade trading platform you will need SogoTrade customer support to resolve your issue quickly.
The process of withdrawing money from SogoTrade accounts is straightforward. Up to the value of the current SogoTrade balance in your SogoTrade account, less the amount of margin that has been used, may be withdrawn at any time. Your SogoTrade funds will be refunded to the same account that was used for the SogoTrade initial deposit, and any SogoTrade refunds will be processed using the same orginal SogoTrade deposit method.
In the event that SogoTrade are unable to fulfil their financial commitments to SogoTrade registered users, financial regulators should have a fund will be used to compensate qualifying SogoTrade customers. Any compensation from SogoTrade financial regulators may only be to a limited amount.
It is possible for the sum of money you have available to you in the SogoTrade trading platform to go into the negatives. This may happen if all of your SogoTrade available balance is invested in open positions, SogoTrade overnight fees are deducted from your SogoTrade account, or trading losses are incurred when trading with SogoTrade.
SogoTrade have integrated real stock trading and ETF into their operational models through the use of CFDs. In recent years, SogoTrade has implemented a number of useful improvements that have made the platform better suited to the needs of long-term investors. The majority of SogoTrade users trade in highly volatile, high risk financial instruments that have a high percentage of loss. If you are considering trading CFDS with SogoTrade, understand that CFD trading is high risk due to the leverage used, and you do not own the underlying CFD asset on SogoTrade. A CFD trade on SogoTrade is speculation on price movement between you and SogoTrade.
SogoTrade gives users the opportunity to trade and invest in a wide variety of digital currencies. SogoTrade conducts business in a manner that is compliant with the regulations of Financial Industry Regulatory Authority (FINRA). The SogoTrade platform has a good range of cryptocurrency trading options. When trading crypto assets or related crypto financial products on SogoTrade, you must understand that cryptocurrency prices are highly volatile and your capital is at risk when trading crypto on the SogoTrade trading platform.
The SogoTrade trading platform gives users the opportunity to invest in the foreign exchange market using a selection of different currency pairs, which can be examined in more detail on the SogoTrade website. SogoTrade offers traders over Forex pairs, including major, minor and exotic currency pairs.
On SogoTrade, the trading of stocks can be done in one of two distinct ways. You have the option of buying and selling stocks directly (also known as trading real shares) or by using SogoTrade contracts for difference (CFDs). You are able to trade in either direction with SogoTrade CFD stocks, and you can also use leverage to magnify the exposure of your SogoTrade stock trades. Trading CFD stocks on SogoTrade is high risk and you may lose more than your deposited amount if a SogoTrade CFD stock trade does not go in your favour.
SogoTrade makes it simple and easy to trade in commodities such as gold, silver, platinum, copper, nickel, aluminium, and palladium. The SogoTrade platform is governed by Financial Industry Regulatory Authority (FINRA).
SogoTrade ensures the safety of its customers funds by depositing SogoTrade customer deposits in reputable financial institutions and encrypting all of their SogoTrade held personal information using SSL technology. Because SogoTrade complies with the regulations set forth by Financial Industry Regulatory Authority (FINRA) in order to conduct business, there are safeguards in place to protect SogoTrade investors.
It is possible for the sum of money you have available to you in the SogoTrade platform to go into the negatives. This might happen if all of your available SogoTrade funds is invested in open positions, SogoTrade overnight fees are deducted, or SogoTrade trading losses are incurred. Both of these things could happen. When it comes to trading CFDs with SogoTrade, retail investor accounts lose money at a rate of upto 80% on average. Only trade with money that you can afford to lose with SogoTrade. Your capital is at risk
When depositing to SogoTrade you will need to make sure that any funding method you use is a well regulated safe financial services provider. SogoTrade offers Credit cards, Skrill, Neteller, Bank Transfer funding and withdrawal methods. Some SogoTrade funding and withdrawal methods may not be avalable in your region.
The SogoTrade trading platform holds funds which may include fiat currency, cryptos and other assets. This can be considered a type of SogoTrade wallet. SogoTrade have to offer a secure trading platform as part of their regulation. SogoTrade has a number of high-level security features that prevent unauthorised access to the user's positive balance holdings. SogoTrade comes equipped with built-in DDoS protection as well as standardisation protocols for addressing issues related to large-scale SogoTrade network outages or SogoTrade cyberattacks.
You have a responsibility to make certain that the SogoTrade trading platform you use has a high level of security so that your personal information is not put at risk. The use of firewalls at both the SogoTrade server and SogoTrade application levels, as well as separate synced SogoTrade servers for storing data, is a feature that is a must for top-tier trading platforms like SogoTrade. In addition SogoTrade offers two factor authenication.
When deciding upon SogoTrade A reliable SogoTrade trading platform has a lower risk of experiencing SogoTrade network issues, data freezing, or SogoTrade order execution problems, all of which have the potential to affect SogoTrade trades. It is absolutely necessary to have prompt access to SogoTrade customer support provided by a real person at SogoTrade. Some SogoTrade alternative trading platforms are notorious for providing slow customer after many days of e-mails. You will need to be sure SogoTrade is there if you have any issues and SogoTrade is always able to give you the tools you need to action your trading strategy.
Trading forex on SogoTrade requires you to digest massive swaths of data before you can even think about making a live buy or sell Forex pair order. Using SogoTrade technical analysis charting tools you should be able to access all of the necessary information in a single SogoTrade location. Numerous online trading platforms like SogoTrade give you access to both fundamental and technical information in order to assist you in making more informed Forex trading choices.
SogoTrade fees may be somewhat more expensive than some SogoTrade alternative trading platforms, which is one of the drawbacks of using the SogoTrade platform. You will need to be well aware of any trading fees and commissions which vary depending on the financial instrument you are trading on SogoTrade.
The Securities and Exchange Commission issues a warning to SogoTrade investors that it takes time to make legitimate SogoTrade investment decisions. SogoTrade investors who aren't used to dealing with markets that move quickly may find themselves swept up in the excitement of trading live financial markets on SogoTrade. They might end up losing a lot of money on SogoTrade, before they even realise what has happened to them.
SogoTrade investors who trade stocks, Forex, crypto, commodities, CFDs and ETFs online should educate themselves about the companies whose shares they are purchasing using SogoTrade and put safeguards in place to protect the money they have deposited to the SogoTrade trading platform. One way to exercise control over the items and quantities that you purchase through SogoTrade is to set a limit order on your SogoTrade trading account. You are able to set a specific price in SogoTrade at which an asset will be purchased by using the SogoTrade order limits trading feature.
You have no emotional of personal connection to SogoTrade when trading. SogoTrade traders have to make their own decisions based on their own research and knowledge. SogoTrade is not able to give you financial advice. It is your responiblity to educate yourself to market trends and risk management strategies when using SogoTrade to trade. SogoTrade as a broker will not be able to assist SogoTrade traders in navigating the complex terrain of the financial markets.
When it comes to making choices regarding the purchase and sale of financial instruments on SogoTrade, SogoTrade traders are frequently left to their own devices. This degree of independence can bring about a feeling of self-dependence in some people using the SogoTrade trading platform.
Should your internet connection be unreliable or unsteady when trading with SogoTrade, you run the risk of missing out on a deal that could have been significant or lucrative for you.
SogoTrade investors ought to always have a contingency plan in place when trading live financial market using SogoTrade, just in case they lose access to the internet. SogoTrade customers are able to place their orders with SogoTrade mobile apps. Some SogoTrade alternatives even offer their clients the option of dealing with live brokers to place their orders.
When placing live trades on SogoTrade, every trade that is actioned wether its a buy or sell order on SogoTrade, must be done after careful research and consideration using SogoTrade research tools and market trend data. For some people, buying and selling financial instruments on global markets with SogoTrade is very similar to gambling. The SogoTrade trader will first speculate on what the outcome of something will be, and then place a financial wager on whether or not the speculation will be accurate. Trading live global markets with SogoTrade must never be done in a gambling fashion. Trading with SogoTrade holds a high amount of risk and must be taken seriously. Risk management strategies are a must when placing live trades on SogoTrade.
SogoTrade Financial Regulation: Financial Industry Regulatory Authority (FINRA)
🤴 SogoTrade is Used By: 10,000
💵 What You Can Trade with SogoTrade: Forex, Commodities, Indices, Stocks, Crypto, Futures
💵 Instruments Available with SogoTrade: 205
📈 SogoTrade Inactivity Fees: Yes
💰 SogoTrade Withdrawal Fees: No
💰 SogoTrade Payment Methods: Credit cards, Skrill, Neteller, Bank Transfer,
💰 SogoTrade Account Base Currencies:
SogoTrade Risk warning : Your capital is at risk
IC Markets Financial Regulation: Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
🤴 IC Markets is Used By: 180,000
💵 What You Can Trade with IC Markets: Forex, Majors, Energies, Metals, Agriculturals,
💵 Instruments Available with IC Markets: 232
📈 IC Markets Inactivity Fees: No
💰 IC Markets Withdrawal Fees: No
💰 IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,
💰 IC Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
IC Markets Risk warning : Losses can exceed deposits
Roboforex Financial Regulation: Financial Services Commission (FSC) License 000138/437
🤴 Roboforex is Used By: 10,000
💵 What You Can Trade with Roboforex: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with Roboforex: 100
📈 Roboforex Inactivity Fees: No
💰 Roboforex Withdrawal Fees: Yes
💰 Roboforex Payment Methods: Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
💰 Roboforex Account Base Currencies: USD, EUR, XAU
Roboforex Risk warning : Losses can exceed deposits
AvaTrade Financial Regulation: Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)
🤴 AvaTrade is Used By: 200,000
💵 What You Can Trade with AvaTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
💵 Instruments Available with AvaTrade: 1000
📈 AvaTrade Inactivity Fees: No
💰 AvaTrade Withdrawal Fees: No
💰 AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,
💰 AvaTrade Account Base Currencies: USD, GBP, EUR, JPY, AUD
AvaTrade Risk warning : 71% of retail CFD accounts lose money
FP Markets Financial Regulation: Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (St. Vincent and the Grenadines)
🤴 FP Markets is Used By: 10,000
💵 What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with FP Markets: 100
📈 FP Markets Inactivity Fees: No
💰 FP Markets Withdrawal Fees: No
💰 FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,
💰 FP Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
FP Markets Risk warning : Losses can exceed deposits
NordFX Financial Regulation: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
🤴 NordFX is Used By: 10,000
💵 What You Can Trade with NordFX: Forex, Majors, Metals,
💵 Instruments Available with NordFX: 50
📈 NordFX Inactivity Fees: No
💰 NordFX Withdrawal Fees: No
💰 NordFX Payment Methods: Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI,
💰 NordFX Account Base Currencies: USD, EUR
NordFX Risk warning : Losses can exceed deposits
XTB Financial Regulation: Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comision Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
🤴 XTB is Used By: 250,000
💵 What You Can Trade with XTB: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with XTB: 4000
📈 XTB Inactivity Fees: Yes
💰 XTB Withdrawal Fees: No
💰 XTB Payment Methods: Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer,
💰 XTB Account Base Currencies: USD, GBP, EUR
XTB Risk warning : 76% - 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone Financial Regulation: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
🤴 Pepperstone is Used By: 89,000
💵 What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
💵 Instruments Available with Pepperstone: 100
📈 Pepperstone Inactivity Fees: Yes
💰 Pepperstone Withdrawal Fees: No
💰 Pepperstone Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, BPAY, POLi, UnionPay, FasaPay, QIWI, Payoneer,
💰 Pepperstone Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, NZD, HKD
Pepperstone Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
XM Financial Regulation: Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
🤴 XM is Used By: 10,000,000
💵 What You Can Trade with XM: Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals
💵 Instruments Available with XM: 1000
📈 XM Inactivity Fees: Yes
💰 XM Withdrawal Fees: No
💰 XM Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,
💰 XM Account Base Currencies:
XM Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor
accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford
to take the high risk of losing your money.
eToro Financial Regulation: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
🤴 eToro is Used By: 20,000,000
💵 What You Can Trade with eToro: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with eToro: 2000
📈 eToro Inactivity Fees: Yes
💰 eToro Withdrawal Fees: Yes
💰 eToro Payment Methods: Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, eWallets,
💰 eToro Account Base Currencies: USD
eToro Risk warning : 51% of retail investor accounts lose money when trading CFDs with this provider.
FXPrimus Financial Regulation: Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)
🤴 FXPrimus is Used By: 10,000
💵 What You Can Trade with FXPrimus: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals,
💵 Instruments Available with FXPrimus: 130
📈 FXPrimus Inactivity Fees: No
💰 FXPrimus Withdrawal Fees: Varies
💰 FXPrimus Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay,
💰 FXPrimus Account Base Currencies: USD, GBP, EUR, SGD, PLN
FXPrimus Risk warning : Losses can exceed deposits
easyMarkets Financial Regulation: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
🤴 easyMarkets is Used By: 142,500
💵 What You Can Trade with easyMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, Agriculturals, Options,
💵 Instruments Available with easyMarkets: 200
📈 easyMarkets Inactivity Fees: No
💰 easyMarkets Withdrawal Fees: No
💰 easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,
💰 easyMarkets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CNY, CZK, HKD, ILS, MXN, NOK, NZD, PLN, SEK, TRY, ZAR
easyMarkets Risk warning : Your capital is at risk
If Sogotrade isn’t quite what you are looking for you can check out some of the best Sogotrade alternatives below.
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