Updated September 29, 2026 · BrokerCue Editorial Team
FBS vs SogoTrade
FBS vs SogoTrade: the differences
| Compare |  FBS |  SogoTrade |
|---|---|---|
| Minimum deposit | $5Lower | $500 |
| Markets | Stocks, ETFs, Forex, CFDs, Metals | Stocks, ETFs, Options, Crypto, Bonds, Funds |
| Regulators | Cyprus Securities and Exchange Commission | FINRA, SIPC |
| Investor protection | EU ICS up to EUR 20,000 | SIPC up to USD 500,000 |
| Platforms | MetaTrader 4, MetaTrader 5 | SogoTrade NextGen, SogoOptions, Mobile app |
| Account fee | $0 | Not confirmed |
| Inactivity fee | $0 | Not confirmed |
| Retail accounts that lose money | 66.43% | Not confirmed |
| EUR/USD spread | 0.5% | Not confirmed |
| Margin rate | Not confirmed | 9.75% |
| Options contract fee | Not confirmed | $0.50 |
| Deposit and withdrawal fees | Free | Not confirmed |
Same on both: Stock trade fee ($0).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Key differences
- SogoTrade scores higher overall: 9.3 vs 9.1.
- Regulators: only FBS offers Cyprus Securities and Exchange Commission.
- Regulators: only SogoTrade offers FINRA, SIPC.
- Minimum deposit is lower at FBS: $5 vs $500.
- Markets: only FBS offers Forex, CFDs, Metals.
- Markets: only SogoTrade offers Options, Crypto, Bonds.
- Platforms: only FBS offers MetaTrader 4, MetaTrader 5.
- Platforms: only SogoTrade offers SogoTrade NextGen, SogoOptions, Mobile app.
- Support channels: only FBS offers Help centre.
- Support channels: only SogoTrade offers Chat.
Our verdict on each
FBS
Fbs Partners suits readers who want a plain, low cost picture from a firm regulated by the Cyprus Securities and Exchange Commission: the account fee is $0 and the stock trade fee is $0. The EUR/USD spread of 0.5% and the retail loss rate of 66.43% are the figures to weigh before funding.
SogoTrade
SogoTrade is a US broker for experienced traders who want share dealing without commission, plus options, crypto and margin in one account. Its catch is the entry cost: a minimum deposit of $500 and an options contract fee of $0.50 for anyone trading contracts.
Score breakdown
| Area | FBS | SogoTrade |
|---|---|---|
| Cost | 9.3Higher | 8.8 |
| Offer | 9.3 | 9.5Higher |
| Trust | 8.8 | 9.5Higher |
Where each is licensed and available
| Country | FBS | SogoTrade |
|---|---|---|
| Cyprus | Not confirmed | |
| United States | Not confirmed | SIPC SIPC member 35930 |
Positions in our rankings
| Ranking | FBS | SogoTrade |
|---|---|---|
| Stock and ETF brokers | 110 of 471 | 81 of 471 |
| Brokers for beginners | 33 of 88 | 27 of 88 |
A third option
ActivTrades has minimum deposit at $0, against $5 for FBS and $500 for SogoTrade.
ActivTrades reviewEvery fact side by side
| Fact | FBS | SogoTrade |
|---|---|---|
| Features | Demo account, Mobile app | Crypto, Options, Mobile app |
| Pricing model | Commission free | Commission free |
| Audience | Beginners | Experienced, BeginnersCovers more |
| Legal entity | Tradestone Limited | SOGOTRADE INC |
| Headquarters | Cyprus | United States |
| Founded | 2009 | Not confirmed |
| Support channels | Email, Phone, Help centre | Email, Chat, Phone |
Where each stands against the rest
| Fact | FBS | SogoTrade | Median |
|---|---|---|---|
| Minimum deposit | $5below the median | $500highest quarter | $25 |
| Stock trade fee | $0at the median | $0at the median | $0 |
| Account fee | $0at the median | Not confirmed | $0 |
| Inactivity fee | $0at the median | Not confirmed | $0 |
| Retail accounts that lose money | 66.43%below the median | Not confirmed | 72.21% |
| EUR/USD spread | 0.5%below the median | Not confirmed | 0.65% |
Median across 136 listed brokers.
Pros and cons
FBS
Pros
- An account regulated by the Cyprus Securities and Exchange Commission: Cyprus Securities and Exchange Commission licenses Tradestone Limited under 331/17, so the contract has a named entity behind it.
- The stock trade fee is $0 on a commission free model, so dealing in the shares and ETFs inside stocks, etfs and forex carries no ticket charge.
- The inactivity fee is $0, so a dormant balance is not quietly drained by account charges.
Cons
- The EUR/USD spread of 0.5% is the charge that lands on every forex and CFD trade, so currency traders feel it more than the flat fees suggest.
- The minimum deposit of $5 sits above CFI's $0, so readers who want the smallest opening balance have a lower floor elsewhere.
- The market list stocks, etfs and forex leaves out crypto and futures, which eToro covers in stocks, etfs and forex.
SogoTrade
Pros
- Share dealing is commission-free, with the model listed as commission free.
- A single account spans stocks, etfs and options.
- Registration with FINRA and SIPC and investor protection of SIPC up to USD 500,000.
Cons
- A minimum deposit of $500 places it at position 178 of 213 on the site.
- Options trading carries a contract fee of $0.50, so frequent contract traders pay a running cost on top of share dealing.
- Margin is priced at 9.75%, so borrowed positions cost more than cash ones.
Who each suits
FBS
Who it suits
- Beginners opening a new trading account: the minimum deposit is $5 and the account fee is $0.
- Readers who hold shares and ETFs alongside forex: stocks, etfs and forex covers that mix on the same account.
- European readers who want a Cyprus regulated firm: Cyprus Securities and Exchange Commission licenses the entity behind the brand.
Who should look elsewhere
- Readers who want the smallest possible opening balance: CFI takes $0.
- Readers who need crypto or futures in the same account: eToro lists stocks, etfs and forex, and those lines sit outside stocks, etfs and forex.
- Readers who want crypto added to a forex, CFD, stock, ETF and metals mix: Vantage covers forex, cfds and stocks.
SogoTrade
Who it suits
- Traders comfortable with options and margin, since crypto, options and mobile app sits alongside core share dealing.
- US accounts, since the firm is based in the United States.
- People who want one login across SogoTrade NextGen, SogoOptions and mobile app.
Who should look elsewhere
- CFI if a free minimum deposit matters, because CFI asks for $0 against $500 here.
- Vantage if you want to start small, with a minimum deposit of $5.
- eToro if you trade forex and CFDs, since stocks, etfs and forex lists markets outside the SogoTrade range.
Country by country
| Country | FBS | SogoTrade |
|---|---|---|
| United States | No | Yes |
Questions about each
FBS
What does it cost to run an account at Fbs Partners?+
The account fee is $0, the stock trade fee is $0 and the inactivity fee is $0, so nothing is charged for holding the account, dealing in shares or leaving a balance idle. Deposits and withdrawals carry no charge either. What remains on a forex or CFD trade is the spread, quoted at 0.5% on EUR/USD.
How much does the EUR/USD spread cost in practice?+
The EUR/USD spread is 0.5%. On a currency pair that spread is the dealer's charge for opening and closing, so it lands on every position rather than on a ticket line. The stock trade fee of $0 and the account fee of $0 sit alongside it, which makes the spread the number to size positions around.
SogoTrade
What does SogoTrade charge to trade shares?+
Stock trades are priced at $0 under a commission free model, so share dealing carries no commission. You still need a minimum deposit of $500 before orders can be placed. Charges beyond that sit on options, at $0.50 per contract, and on margin, at 9.75%.
How much is the minimum deposit?+
Opening the account takes a minimum deposit of $500, which is far from a casual entry and places SogoTrade at position 178 of 213 on the site. Traders wanting a lighter start can compare $0 at CFI and $5 at Vantage.
Other options to compare
Other matchups
- SogoTrade vs Nexo
- FBS vs Deriv
- FBS vs VT Markets
- FBS vs XM
- FBS vs Trading 212
- FBS vs Vantage Markets
- FBS vs FP Markets
- FBS vs tastytrade
- FBS vs Axi
- FBS vs Octa
- FBS vs OANDA
- FBS vs FXTM
- FBS vs EasyEquities
- FBS vs Freedom24
- FBS vs BUX
- SogoTrade vs ActivTrades
- FBS vs XTB
- FBS vs NAGA
- SogoTrade vs Mintos
- FBS vs Bitpanda
- FBS vs Robinhood
- FBS vs Kraken
- FBS vs EBC Financial Group
- FBS vs CapTrader
- FBS vs Lightyear