sogotrade
Uphold
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Overview
sogotrade was founded in 2016 and is headquartered in USA, while Uphold was established in 2013 and is based in United States. sogotrade holds licences including Financial Conduct Authority (FCA), while Uphold is regulated by FCA and FINCEN: Uphold Europe Limited among others. sogotrade serves 1,000,000+ clients worldwide; Uphold has 4,000,000+. The minimum deposit is $250 at sogotrade and $1 at Uphold.
| Feature | sogotrade | Uphold |
|---|---|---|
| Min. Deposit | $250 | $1 |
| 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 | FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 |
| Founded | 2016 | 2013 |
| Country | USA | United States |
| Clients | 1,000,000+ | 4,000,000+ |
Fees
Fees are a critical factor when choosing between sogotrade and Uphold, directly affecting your bottom line as a trader. Uphold has a lower barrier to entry with a minimum deposit of $1 (vs $250 at sogotrade). sogotrade charges withdrawal fees while Uphold does not, a notable advantage for frequent withdrawers. sogotrade applies inactivity fees on dormant accounts; Uphold does not. Overall, Uphold scores higher on fees in our assessment.
| Feature | sogotrade | Uphold |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
sogotrade offers MT4, MT5, cTrader, while Uphold supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. sogotrade edges ahead on platform breadth and functionality in our scoring.
| Feature | sogotrade | Uphold |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | Web, Desktop & Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how sogotrade and Uphold compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. sogotrade publishes daily market commentary; Uphold does not. sogotrade integrates third-party research tools (Trading Central); Uphold does not. Archived webinars are available at both brokers for self-paced learning. sogotrade scores higher overall in education and research.
| Feature | sogotrade | Uphold |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
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 Uphold supports 2 (bank transfer, credit/debit card). sogotrade uniquely supports PayPal and Skrill and Neteller among the two brokers. sogotrade scores higher on deposit and withdrawal flexibility.
| Feature | sogotrade | Uphold |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both sogotrade and Uphold offer live chat support. sogotrade offers phone support; Uphold does not. Email support is available at both brokers. sogotrade supports 8 languages and Uphold supports 1, giving sogotrade broader global reach. sogotrade scores higher overall on customer support in our assessment.
| Feature | sogotrade | Uphold |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English |