Updated September 28, 2026 · BrokerCue Editorial Team
InvestEngine vs SogoTrade
Where InvestEngine and SogoTrade differ
| Compare |  InvestEngine |  SogoTrade |
|---|---|---|
| Minimum deposit | £100 | $500 |
| Stock trade fee | £0 | $0 |
| Markets | ETFs | Stocks, ETFs, Options, Crypto, Bonds, FundsCovers more |
| Regulators | Financial Conduct Authority (FCA) | FINRA, SIPC |
| Investor protection | FSCS up to GBP 85,000 | SIPC up to USD 500,000 |
| Platforms | Web, iOS, Android | SogoTrade NextGen, SogoOptions, Mobile app |
| Account fee | £0 | Not confirmed |
| Margin rate | Not confirmed | 9.75% |
| Options contract fee | Not confirmed | $0.50 |
| Deposit and withdrawal fees | Free | Not confirmed |
| Account types | ISA, SIPP, Corporate | Not confirmed |
| Interest on cash | 0% | Not confirmed |
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Key differences
- SogoTrade scores higher overall: 9.3 vs 8.7.
- Regulators: only InvestEngine offers Financial Conduct Authority (FCA).
- Regulators: only SogoTrade offers FINRA, SIPC.
- Markets: only SogoTrade offers Stocks, Options, Crypto.
- Platforms: only InvestEngine offers Web, iOS, Android.
- Platforms: only SogoTrade offers SogoTrade NextGen, SogoOptions, Mobile app.
- Support channels: only InvestEngine offers Help centre.
- Support channels: only SogoTrade offers Chat, Phone.
- Features: only InvestEngine offers Fractional shares.
- Features: only SogoTrade offers Crypto, Options.
Our verdict on each
InvestEngine
InvestEngine suits beginners who want their money spread across ETFs without picking shares themselves. Costs stay thin: an account fee of £0, a stock trade fee of £0 and a single portfolio management charge of 0.25%, with deposits and withdrawals free.
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 | InvestEngine | SogoTrade |
|---|---|---|
| Cost | 9.0Higher | 8.8 |
| Offer | 8.8The isa, sipp and corporate account range wraps one ETF plan for savers and firms alike. | 9.5Higher |
| Trust | 8.4 | 9.5Higher |
Feature by feature
| Markets | InvestEngine | SogoTrade |
|---|---|---|
| Stocks | No | Yes |
| ETFs | Yes | Yes |
| Options | No | Yes |
| Crypto | No | Yes |
| Bonds | No | Yes |
| Funds | No | Yes |
Licences and countries
| Country | InvestEngine | SogoTrade |
|---|---|---|
| United Kingdom | Not confirmed | |
| United States | Not confirmed | SIPC SIPC member 35930 |
Additional countries for InvestEngine: 1. Additional countries for SogoTrade: 1.
How they place
| Ranking | InvestEngine | SogoTrade |
|---|---|---|
| Stock and ETF brokers | 195 of 471 | 81 of 471 |
| Brokers for beginners | 57 of 88 | 27 of 88 |
Sources behind this comparison
InvestEngine
- investengine.com: 10 facts, checked September 26, 2026
- blog.investengine.com: 2 facts, checked September 26, 2026
- help.investengine.com: 1 fact, 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 | InvestEngine | SogoTrade |
|---|---|---|
| Features | Fractional shares, Mobile app | Crypto, Options, Mobile app |
| Pricing model | Commission free | Commission free |
| Audience | Beginners | Experienced, BeginnersCovers more |
| Legal entity | InvestEngine (UK) Limited | SOGOTRADE INC |
| Headquarters | United Kingdom | United States |
| Founded | 2019 | Not confirmed |
| Support channels | Email, Help centre | Email, Chat, Phone |
Robo-advisors
| Fact | InvestEngine | SogoTrade |
|---|---|---|
| Management fee | 0.25% | Not confirmed |
| Minimum investment | £1 | Not confirmed |
| Portfolio types | ETF | Not confirmed |
Where each stands against the rest
| Fact | InvestEngine | SogoTrade | Median |
|---|---|---|---|
| Account fee | £0at the median | Not confirmed | £0 |
| Margin rate | Not confirmed | 9.75%above the median | 8.75% |
| Options contract fee | Not confirmed | $0.50below the median | $0.625 |
| Interest on cash | 0%lowest quarter | Not confirmed | 3% |
Median across 43 listed brokers.
Pros and cons
InvestEngine
Pros
- An account fee of £0 and a stock trade fee of £0 leave almost nothing to pay for holding or trading.
- Investor protection is FSCS up to GBP 85,000, with the platform regulated by the Financial Conduct Authority.
- The platform list covers Web, iOS and Android, and fractional shares make small regular buys work.
Cons
- Shares are not among its markets (etfs), so the range stays on funds rather than a general dealing list.
- Support runs on email and help centre, with no phone number for urgent account questions.
- Cash waiting to be invested earns 0%.
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
InvestEngine
Who it suits
- Beginners who want a curated portfolio and can start from a minimum investment of £1.
- ISA and SIPP holders in the UK who would rather not pay an account fee.
- Investors who only need help by email and are happy to stay inside a single asset class.
Who should look elsewhere
- CFI, for anyone who wants to open with a minimum deposit of $0 rather than £100.
- Vantage, for anyone who wants a smaller entry point, since its minimum deposit is $5.
- eToro, for traders who want share dealing, because shares are not among its markets (etfs).
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 | InvestEngine | SogoTrade |
|---|---|---|
| United Kingdom | Yes | No |
| United States | No | Yes |
Questions about each
InvestEngine
What does it cost to hold an InvestEngine account?+
The account fee is £0 and a stock trade costs £0, so buying and holding leaves most of the pot intact. The only ongoing charge is the portfolio management fee of 0.25%, which is taken on the portfolio rather than per trade. Cash left uninvested earns 0%.
Is my money protected if the platform fails?+
The Financial Conduct Authority is the regulator named on the licence, and the platform states investor protection of FSCS up to GBP 85,000. The account is run by InvestEngine (UK) Limited, a UK company, so UK rules and the protection scheme both apply to the account.
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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