Updated September 29, 2026 · BrokerCue Editorial Team
Freedom24 vs SogoTrade
What sets them apart
| Compare |  Freedom24 |  SogoTrade |
|---|---|---|
| Minimum deposit | €0 | $500 |
| Stock trade fee | €2 | $0 |
| Markets | Stocks, ETFs, Options, Bonds | Stocks, ETFs, Options, Crypto, Bonds, FundsCovers more |
| Regulators | CySEC | FINRA, SIPC |
| Investor protection | EU ICS up to EUR 20,000 | SIPC up to USD 500,000 |
| Options contract fee | $0.65 | $0.50Lower |
| Platforms | Freedom24 App, Freedom24 Web | SogoTrade NextGen, SogoOptions, Mobile app |
| Account fee | €0 | Not confirmed |
| Inactivity fee | €0 | Not confirmed |
| Currency conversion fee | 0.005% | Not confirmed |
| Margin rate | Not confirmed | 9.75% |
| Deposit and withdrawal fees | EUR 7 per withdrawal | Not confirmed |
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 8.9.
- Regulators: only Freedom24 offers CySEC.
- Regulators: only SogoTrade offers FINRA, SIPC.
- Options contract fee is lower at SogoTrade: $0.50 vs $0.65.
- Markets: only SogoTrade offers Crypto, Funds.
- Platforms: only Freedom24 offers Freedom24 App, Freedom24 Web.
- Platforms: only SogoTrade offers SogoTrade NextGen, SogoOptions, Mobile app.
- Features: only SogoTrade offers Crypto.
Our verdict on each
Freedom24
Freedom24 suits European investors who want stocks, ETFs, options and bonds under one CySEC-regulated roof, and who would rather not pay an annual account charge of €0. A euro minimum deposit of €0 keeps entry easy, while per-deal trading costs make it a better fit for occasional buyers than for frequent traders.
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 | Freedom24 | SogoTrade |
|---|---|---|
| Cost | 9.2HigherCost is middling: account fee €0 and minimum deposit €0 are nil, but €2 per deal is high against the €0 median. | 8.8 |
| Offer | 8.9 | 9.5Higher |
| Trust | 8.7 | 9.5Higher |
Where they rank in our lists
| Ranking | Freedom24 | SogoTrade |
|---|---|---|
| Stock and ETF brokers | 161 of 471 | 81 of 471 |
| Options trading platforms | 57 of 103 | 26 of 103 |
Licences and countries
| Country | Freedom24 | SogoTrade |
|---|---|---|
| Cyprus | CySEC 275/15 | Not confirmed |
| United States | Not confirmed | SIPC SIPC member 35930 |
Where these facts come from
Freedom24
- forex.wikibit.com: 3 facts, checked September 26, 2026
- matchmybroker.com: 3 facts, checked September 26, 2026
- ucits-etfs.com: 3 facts, checked September 26, 2026
- beinoption.vercel.app: 2 facts, checked September 26, 2026
- eupersonalfinance.eu: 2 facts, checked September 26, 2026
SogoTrade
- sogotrade.com: 13 facts, checked September 26, 2026
- sipc.org: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | Freedom24 | SogoTrade |
|---|---|---|
| Features | Options, Mobile app | Crypto, Options, Mobile appCovers more |
| Pricing model | Not confirmed | Commission free |
| Audience | Not confirmed | Experienced, Beginners |
| Legal entity | Freedom Finance Europe Ltd | SOGOTRADE INC |
| Headquarters | Cyprus | United States |
| Founded | 2013 | Not confirmed |
| Support channels | Not confirmed | Email, Chat, Phone |
Where each stands against the rest
| Fact | Freedom24 | SogoTrade | Median |
|---|---|---|---|
| Account fee | €0at the median | Not confirmed | €0 |
| Inactivity fee | €0below the median | Not confirmed | €2.45 |
| Currency conversion fee | 0.005%lowest quarter | Not confirmed | 0.45% |
| Margin rate | Not confirmed | 9.75%above the median | 8.75% |
| Options contract fee | $0.65above the median | $0.50below the median | $0.625 |
Median across 52 listed brokers.
Pros and cons
Freedom24
Pros
- Account fee €0 and inactivity fee €0 leave the cost of holding an account at nil.
- A minimum deposit of €0 sits well under the €6.17 median for stock brokers.
- A single account covers stocks, etfs and options, so an ETF, a bond and an option sit together.
Cons
- A stock trade fee of €2 ranks 126 of 161 on the site, well behind the field.
- Withdrawals cost EUR 7 per withdrawal each.
- Currency conversion is charged at 0.005% on positions held outside the euro.
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
Freedom24
Who it suits
- Investors who want stocks, etfs and options in one account with an account fee of €0.
- Savers who prefer a euro starting point of €0 and a firm authorised in Cyprus under 275/15.
- People who trade from a phone as well as a browser, since Freedom24 App and Freedom24 Web lists the Freedom24 App and web platform.
Who should look elsewhere
- eToro, if the cost of each trade decides it, because its stock trade fee is $0.
- Vantage, if you would rather start with a deposit of $5 than fund the account from the first unit.
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 | Freedom24 | SogoTrade |
|---|---|---|
| United States | No | Yes |
Questions about each
Freedom24
What does a trade cost at Freedom24?+
A stock trade costs €2, with options at $0.65 per contract and currency conversion at 0.005%. That per-deal cost is the number to weigh, since the account fee of €0 adds nothing to it.
Is there an account fee or an inactivity charge?+
The account fee is €0 and the inactivity fee is €0. Both rank 1 on the site, so an unused account does not start costing money. That suits investors who top up in small amounts rather than trading often.
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.
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