Updated September 29, 2026 · BrokerCue Editorial Team
Mintos vs SogoTrade
Mintos vs SogoTrade: the differences
| Compare |  Mintos |  SogoTrade |
|---|---|---|
| Minimum deposit | €50 | $500 |
| Markets | Bonds, ETFs, Crypto | Stocks, ETFs, Options, Crypto, Bonds, FundsCovers more |
| Regulators | Latvijas Banka, LV LV | FINRA, SIPC |
| Investor protection | EU ICS up to EUR 20,000 | SIPC up to USD 500,000 |
| Platforms | Web, iOS, Android | SogoTrade NextGen, SogoOptions, Mobile app |
| Stock trade fee | Not confirmed | $0 |
| Account fee | €0 | Not confirmed |
| Inactivity fee | €4.90 | Not confirmed |
| Currency conversion fee | 0.5% | Not confirmed |
| Margin rate | Not confirmed | 9.75% |
| Options contract fee | Not confirmed | $0.50 |
| Deposit and withdrawal fees | Free bank transfer withdrawal; 2% card deposits | Not confirmed |
| Interest on cash | 2.5% | Not confirmed |
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Key differences
- SogoTrade scores higher overall: 9.3 vs 9.0.
- Regulators: only Mintos offers Latvijas Banka, LV LV.
- Regulators: only SogoTrade offers FINRA, SIPC.
- Markets: only SogoTrade offers Stocks, Options, Funds.
- Platforms: only Mintos offers Web, iOS, Android.
- Platforms: only SogoTrade offers SogoTrade NextGen, SogoOptions, Mobile app.
- Support channels: only Mintos offers Help centre, Community.
- Support channels: only SogoTrade offers Chat, Phone.
- Features: only SogoTrade offers Options.
Our verdict on each
Mintos
Mintos is a cheap, commission-free platform for lending money to businesses through their loan marketplace, with an account fee of €0 and a secondary market for exiting early. It suits investors who want lending exposure in euro-denominated loans rather than a share dealing account, and accept that the money carries borrower default risk.
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 | Mintos | SogoTrade |
|---|---|---|
| Cost | 8.9HigherAccount fee of €0, an inactivity fee of €4.90 and a minimum deposit of €50. | 8.8 |
| Offer | 9.2Minimum investment of €50, target return of 9.2% and a secondary market. | 9.5Higher |
| Trust | 9.0 | 9.5Higher |
How they place
| Ranking | Mintos | SogoTrade |
|---|---|---|
| Stock and ETF brokers | 9 of 471 | 81 of 471 |
Where each is licensed and available
| Country | Mintos | SogoTrade |
|---|---|---|
| Latvia | LV_LV PSD_EMI LV_FCMC!723 | Not confirmed |
| United States | Not confirmed | SIPC SIPC member 35930 |
Every fact side by side
| Fact | Mintos | SogoTrade |
|---|---|---|
| Features | Crypto, Mobile app | Crypto, Options, Mobile appCovers more |
| Pricing model | Commission free | Commission free |
| Audience | Not confirmed | Experienced, Beginners |
| Legal entity | SIA Mintos Payments | SOGOTRADE INC |
| Headquarters | Latvia | United States |
| Founded | 2015 | Not confirmed |
| Support channels | Email, Help centre, Community | Email, Chat, Phone |
P2P lending
| Fact | Mintos | SogoTrade |
|---|---|---|
| Target return | 9.2% | Not confirmed |
| Minimum investment | €50 | Not confirmed |
| Secondary market | Yes | Not confirmed |
Where each stands against the rest
| Fact | Mintos | SogoTrade | Median |
|---|---|---|---|
| Stock trade fee | Not confirmed | $0at the median | $0 |
| Account fee | €0at the median | Not confirmed | €0 |
| Inactivity fee | €4.90above the median | Not confirmed | €2.45 |
| Currency conversion fee | 0.5%above the median | Not confirmed | 0.45% |
| Margin rate | Not confirmed | 9.75%above the median | 8.75% |
| Options contract fee | Not confirmed | $0.50below the median | $0.625 |
Median across 91 listed brokers.
Pros and cons
Mintos
Pros
- The account fee is €0, and Mintos ranks at 1 of 138 brands on that measure
- Investing is commission-free, and the minimum investment is €50
- A secondary market is available, so loans can be sold before they mature
Cons
- Card deposits cost Free bank transfer withdrawal; 2% card deposits, so topping up is dearer than a bank transfer
- An inactivity fee of €4.90 applies, against an inactivity fee position of 33 of 56
- The minimum deposit of €50 sits far above a site minimum deposit median of €4.64
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
Mintos
Who it suits
- Investors who want to lend to businesses and earn a target return of 9.2%
- Lenders who want a secondary market to sell a loan before it matures
- Euro-based investors who accept that defaults can reduce returns
Who should look elsewhere
- Share traders, who should look at eToro with a commission-free model and a wider market list
- Anyone wanting to start with a very small sum, since CFI takes a minimum deposit of $0
- Lenders who need a guaranteed buyback, as the return of 9.2% is a target rather than a promise
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 | Mintos | SogoTrade |
|---|---|---|
| United States | No | Yes |
Questions about each
Mintos
What fees does Mintos charge on an account?+
The account fee is €0, and the platform is commission-free, so there is no dealing charge on an investment. The charges that apply are a currency conversion fee of 0.5%, card deposit costs set out as Free bank transfer withdrawal; 2% card deposits, and an inactivity fee of €4.90.
How much do I need to put in to start lending?+
The minimum deposit is €50, and the smallest single investment is €50. The two figures are close, so funding to the deposit minimum is enough to purchase a loan. For scale, the site median for a minimum investment is €25.
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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