FreshForex vs sogotrade, Updated for 2024
Read our In-Depth FreshForex vs sogotrade Review - Updated for 2024
Our FreshForex vs sogotrade review has been refreshed for 2024 from knowledgeable insiders boasting significant financial experience in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of FreshForex vs sogotrade does not apply to all countries as follows:
FreshForex Excluded Countries
United States of America, United Kingdom, Russian Federation, and France.
sogotrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare FreshForex vs sogotrade
Every online trading platforms has some pros and cons, so any comprehensive FreshForex and sogotrade review should not be complete without adopting an objective perspective.
Examine FreshForex and sogotrade in order to understand just how these platforms stack up against each other prior to you make an account. A comparative analysis will bring aspects in perspective in order that you are cognizant of the expectations.
So you are looking for a professional broker and are choosing between FreshForex or sogotrade. Which one is best in 2024?
Our FreshForex vs sogotrade comparison contains the most recent information so you can easily compare sogotrade against FreshForex.
If you are a new entrant in the realm of trading and brokers, so many facts will be confusing for you. Getting into the world of trading requires expert assessing skills and thorough knowledge. You will acquire adept at all the concepts of brokerage since you continue trading. For starters, you have to select the ideal agent who will be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. FreshForex and sogotrade are just two such trading platforms which will take you and your investment into great heights. It's important that you compare FreshForex vs sogotrade until you trust them with your money.
Our FreshForex vs sogotrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust FreshForex and sogotrade side by side.
Our full FreshForex vs sogotrade Review covers everything you need to learn about trading with either FreshForex or sogotrade. A good agent can multiply your first investments and give you favorable profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investment goals.
There is no sure-fire method to ensure profits; therefore, you should carefully analyze your broker before you select them. It's a common misconception that all agents are the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.
FreshForex and sogotrade are both brokers which have paved their way successfully to the broker world. In this review, we've attempted to collate some of the vital aspects of both FreshForex and sogotrade. This review can allow you to understand whether either sogotrade or FreshForex is a fantastic fit for your own investments or not. We've tried to breakdown all the qualities and fees for your convenience.
Benefits of FreshForex and sogotrade Compared
FreshForex offers a minimum deposit of $1 while sogotrade offers a $250 minimum deposit.
Why smaller minimum deposits are good and how FreshForex and sogotrade compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
FreshForex has around 144 financial instruments whilst sogotrade has around 144 financial instruments available.
The more financial instruments you can trade on the FreshForex and sogotrade platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of FreshForex or sogotrade.
FreshForex and sogotrade Contact Details
Being able to contact a broker easily is a sign of a professional broker. FreshForex and sogotrade have the following contact details and social medias that you can use.
Broker | FreshForex | sogotrade |
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Telephone Number | +44 207 099 2124 | |
info@freshforex.com | ||
Address | Suite 305 Griffith Corporate Centre, Beachmont P.O. Box 1510, Kingstown, St. Vincent and the Grenadines | |
FreshForex Twitter Account | sogotrade Twitter Account | |
FreshForex Facebook Page | sogotrade Facebook Page | |
FreshForex Instagram Account | sogotrade Instagram Account | |
FreshForex LinkedIn Page | sogotrade LinkedIn Page | |
YouTube | FreshForex YouTube Channel | sogotrade YouTube Channel |
Find Out More |
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sogotrade and FreshForex Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing FreshForex and sogotrade will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
FreshForex vs sogotrade - Awards
Broker | FreshForex | sogotrade |
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Awards |
FreshForex have won many industry awards over the years they have been running as an online broker. We show the most notable awards for FreshForex below.
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At the time of writing this sogotrade review, and despite sogotrade’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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FreshForex vs sogotrade - Frequently Asked Questions
FreshForex vs sogotrade - Headquarters And Year Of Founding
FreshForex was founded in 2004 and has its head office in Russia.
sogotrade was founded in 2016 and has its head office in USA.
What is the minimum deposit for sogotrade or FreshForex
The minimum deposit for FreshForex is $1.
The minimum deposit for sogotrade is $250.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both FreshForex and sogotrade are a good option.
FreshForex vs sogotrade - Regulation And Licencing In More Detail
FreshForex is regulated by SVGFSA 20623 IBC 2012.
sogotrade is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F307.
Both FreshForex and sogotrade have a strong set of rules for ensuring fair trading onto their individual platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
As per their own privacy regulations, client data is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare FreshForex vs sogotrade Commission And Fees
FreshForex and sogotrade are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled much better. In other words, an online broker is not necessarily affected by the number of clients they have.
But this does not mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are mainly 3 types of fees for this objective.
The first kind of charges to keep an eye out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In such cases, you're spending a spread, funding speed, or a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Funding or overnight prices are people that are billed when you maintain a leveraged position for longer than daily.
Apart from trading charges, online agents also bill non-trading fees. These are determined by the activities you undertake in your accounts. They are billed for surgeries like depositing money, not investing for long periods, or withdrawals.
Generally, neither FreshForex or sogotrade charge high fees in comparison to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a smaller sum. This can be beneficial for those who often trade, for example daily or weekly trading.
But, non-trading fees charged by FreshForex and sogotrade are comparatively greater. Consequently, you're charged more for non-trading activities in your trading account, such as withdrawal and deposits. These are not related to the sale and purchase of assets.
This FreshForex vs sogotrade review for 2024 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For FreshForex And sogotrade
What Languages Do FreshForex And sogotrade Support?
Being able to communicate easily with your trading platform is a key element when comparing trading platforms to find your perfect broker. Not only for support but to ensure you understand everything on their site and inside their application as it is a key part of success when trading forex.
Below you can find all the languages that both FreshForex and sogotrade support.
How Many Clients Do FreshForex and sogotrade Have?
Both FreshForex and sogotrade are well established with their customer base. It is really important to work with a broker that is professional and one of the most simple ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many clients FreshForex and sogotrade have
What Payment Methods Do FreshForex and sogotrade Accept?
FreshForex and sogotrade both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at FreshForex and sogotrade
What Can You Trade With FreshForex and sogotrade?
FreshForex offers 144 trading instruments and sogotrade offers 190.
Below you will find a full breakdown of what both FreshForex and sogotrade offer.
FreshForex Review
FreshForex vs sogotrade:
Table Of Contents
- Compare FreshForex vs sogotrade
- Benefits of FreshForex and sogotrade Compared
- sogotrade and FreshForex Mobile App Comparison
- FreshForex vs sogotrade - Awards
- FreshForex vs sogotrade - Frequently Asked Questions
- What is the minimum deposit for sogotrade or FreshForex
- FreshForex vs sogotrade - Regulation And Licencing In More Detail
- Compare Broker Fees For FreshForex And sogotrade
- What Languages Do FreshForex And sogotrade Support?
- How Many Clients Do FreshForex and sogotrade Have?
- What Payment Methods Do FreshForex and sogotrade Accept?
- What Can You Trade With FreshForex and sogotrade?