Forex EE
sogotrade
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Overview
Forex EE was founded in 2008 and is headquartered in Grenadines, while sogotrade was established in 2016 and is based in USA. Forex EE holds licences including Ministry of Economic Affairs in Estonia, while sogotrade is regulated by Financial Conduct Authority (FCA) among others. Forex EE serves 10,000+ clients worldwide; sogotrade has 1,000,000+. The minimum deposit is $100 at Forex EE and $250 at sogotrade.
| Feature | Forex EE | sogotrade |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Ministry of Economic Affairs in Estonia | 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 |
| Founded | 2008 | 2016 |
| Country | Grenadines | USA |
| Clients | 10,000+ | 1,000,000+ |
Fees
Fees are a critical factor when choosing between Forex EE and sogotrade, directly affecting your bottom line as a trader. Forex EE has a lower barrier to entry with a minimum deposit of $100 (vs $250 at sogotrade). Both brokers charge withdrawal fees. sogotrade applies inactivity fees on dormant accounts; Forex EE does not. Overall, Forex EE scores higher on fees in our assessment.
| Feature | Forex EE | sogotrade |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Forex EE offers MT5, cTrader, while sogotrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. sogotrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Forex EE | sogotrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex EE and sogotrade compare. sogotrade runs regular live webinars; Forex EE does not. Both provide video tutorials. sogotrade publishes daily market commentary; Forex EE does not. Both integrate third-party research tools. sogotrade maintains an archive of past webinars for on-demand viewing. sogotrade scores higher overall in education and research.
| Feature | Forex EE | sogotrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex EE accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while sogotrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). sogotrade uniquely supports PayPal and Skrill and Neteller among the two brokers. sogotrade scores higher on deposit and withdrawal flexibility.
| Feature | Forex EE | sogotrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Forex EE and sogotrade offer live chat support. Both provide phone support. Email support is available at both brokers. Forex EE supports 2 languages and sogotrade supports 8, giving sogotrade broader global reach. Both brokers are comparable on support quality.
| Feature | Forex EE | sogotrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |