sogotrade
Startrader
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Overview
sogotrade was founded in 2016 and is headquartered in USA, while Startrader was established in 2011 and is based in Hong Kong. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. sogotrade serves 1,000,000+ clients worldwide; Startrader has 500,000 +. The minimum deposit is $250 at sogotrade and $50 at Startrader.
| Feature | sogotrade | Startrader |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Regulation | 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 | Financial Conduct Authority (FCA), Saint Vincent and Grenadines (SVG) and Financial Services Authority Seychelles (FSA) |
| Founded | 2016 | 2011 |
| Country | USA | Hong Kong |
| Clients | 1,000,000+ | 500,000 + |
Fees
Fees are a critical factor when choosing between sogotrade and Startrader, directly affecting your bottom line as a trader. sogotrade has a lower barrier to entry with a minimum deposit of $250 (vs $50 at Startrader). Both brokers charge withdrawal fees. sogotrade applies inactivity fees on dormant accounts; Startrader does not. Overall, Startrader scores higher on fees in our assessment.
| Feature | sogotrade | Startrader |
|---|---|---|
| Min. Deposit | $250 | $50 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
sogotrade offers MT4, MT5, cTrader, while Startrader supports MT4, MT5, cTrader. sogotrade offers a mobile trading app; mobile availability for Startrader is limited. Startrader supports social and copy trading features, which sogotrade does not offer. sogotrade edges ahead on platform breadth and functionality in our scoring.
| Feature | sogotrade | Startrader |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5 and Web Trader |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how sogotrade and Startrader compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Startrader scores higher overall in education and research.
| Feature | sogotrade | Startrader |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. sogotrade accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Startrader supports 4 (bank transfer, credit/debit card, Skrill, Neteller). sogotrade uniquely supports PayPal among the two brokers. sogotrade scores higher on deposit and withdrawal flexibility.
| Feature | sogotrade | Startrader |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both sogotrade and Startrader offer live chat support. Both provide phone support. Email support is available at both brokers. sogotrade supports 8 languages and Startrader supports 2, giving sogotrade broader global reach. Both brokers are comparable on support quality.
| Feature | sogotrade | Startrader |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Chinese |