B

sogotrade

7.7/10
tegasfx logo

tegasfx

8.4/10
10/10RegulationTied10/10
0/10FeesTied0/10
9/10PlatformsTied9/10
6/10Education & ResearchWinner10/10
10/10Deposits & WithdrawalsTied10/10
10/10SupportTied10/10

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Overview

sogotrade was founded in 2016 and is headquartered in USA, while tegasfx was established in 2017 and is based in Cyprus. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. sogotrade serves 1,000,000+ clients worldwide; tegasfx has 10,000+. Both brokers share the same minimum deposit of $250.

tegasfx wins this category
Featuresogotradetegasfx
Min. Deposit$250$250
RegulationFinancial 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-F307Financial 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-F320
Founded20162017
CountryUSACyprus
Clients1,000,000+10,000+

Fees

Fees are a critical factor when choosing between sogotrade and tegasfx, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. sogotrade charges withdrawal fees while tegasfx does not, a notable advantage for frequent withdrawers. sogotrade applies inactivity fees on dormant accounts; tegasfx does not. tegasfx charges deposit fees; sogotrade does not. The two brokers are broadly comparable on fee structure.

Tied
Featuresogotradetegasfx
Min. Deposit$250$250
Withdrawal FeesYesNo
Inactivity FeesYesNo
Deposit FeesNoYes
CFD FeesNoNo

Platforms

sogotrade offers MT4, MT5, cTrader, while tegasfx supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.

Tied
Featuresogotradetegasfx
MT4YesYes
MT5YesYes
cTraderYesYes
Windows AppYesYes
iOS AppYesYes
Android AppYesYes
Trading PlatformsMT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsMT4, 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 sogotrade and tegasfx 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. tegasfx scores higher overall in education and research.

tegasfx wins this category
Featuresogotradetegasfx
Forex EducationNoYes
CFD EducationYesYes
Weekly WebinarsYesYes
Daily CommentaryYesYes
Trading CentralYesYes
AutochartistNoYes

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 tegasfx supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.

Tied
Featuresogotradetegasfx
Bank TransferYesYes
Credit CardYesYes
PayPalYesYes
SkrillYesYes
NetellerYesYes

Support

Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both sogotrade and tegasfx offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 8 languages. Both brokers are comparable on support quality.

Tied
Featuresogotradetegasfx
Live ChatYesYes
Phone SupportYesYes
Email SupportYesYes
LanguagesEnglish, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and ArabicEnglish, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic