menu

Fidelity Investments vs SogoTrade Review

Brandon Reinkensmeyer

Published by Brandon Reinkensmeyer


Friday, December 2nd, 2016

Using data from the StockBrokers.com Annual Broker Review, we can compare Fidelity Investments vs SogoTrade to determine which broker is better for you. Our database includes thousands of data points on everything from functionality to support. Let's take a closer look at Fidelity Investments and SogoTrade.

First we will break down the commission charges of both brokers for placing stock and options trades. Fidelity Investments, with its regular stock trades costing $7.95, is more expensive than SogoTrade's rate of $3.00 per trade. For options trading, Fidelity Investments has a base fee of $7.95, and SogoTrade a base fee of $5.00. Contracts are pricier at Fidelity Investments, costing $0.75 versus $0.50 at SogoTrade, a difference of $0.25 per contract. Note that flat rate trading is not available everywhere though, so it is important to read the complete commission notes for each broker to know the full breakdown (go to any stock broker review page, then click the "Commissions & Fees" tab).

Trading fees aside, having access to trade what you want is also an important consideration. SogoTrade provides its clients with Stock Trading and Options Trading while Fidelity Investments gives clients access to Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, Fidelity Investments boasts an offering of 14391 compared to SogoTrade's available funds. And, commission free ETFs deserve a mention, with Fidelity Investments having the upper hand thanks to its 76 available ETFs compared to SogoTrade's offering of -1.

Finally, by looking at the most popular features and offerings of each broker, we can really see the differences between the two. Neither Fidelity Investments and SogoTrade have virtual trading. For mobile trading, Fidelity Investments offers the iPhone App, iPad App and Android App while SogoTrade offers the none of these. Online banking is also used by many clients, and multiple brokerages provide these services. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are available to clients of Fidelity Investments while SogoTrade offers clients none of these. All things considered, when it comes to platform tools, research, and trading via smartphone, Fidelity Investments was rated for Best in Class Platforms & Tools, Best in Class Research and Best in Class Mobile Trading in 2016, while SogoTrade was rated for none of these.

Overall, Fidelity Investments boasts 4.50 stars versus SogoTrade's -1.00 stars.
There are no results to display, please adjust your filters or reset the Compare Tool.
Overall
Commissions & Fees
Offering of Investments
Platform & Tools
Research
Customer Service
Mobile Trading
Ease of Use
Education
Order Execution
Banking
Flat-fee Trade Plan*
Per-Share Trade Plan
Mutual Fund Trade Fee*
Options Trade Base
Options Per Contract
Options Exercise Fee
Options Assignment Fee
Broker Assisted Trades
Minimum Deposit
Stock Trading
Options Trading
Mutual Funds
FOREX Trading
Futures Trading
Desktop Based Platform
Web Based Platform
Virtual Trading
No Minimum Deposit
No Inactivity Fees
No-Fee IRAs
Commission Free ETFs
Mutual Funds (No Load)
Mutual Funds (Total)
# of Easy to Borrow Stocks
Retail Locations
iPhone App
iPad App
Android App
Android Tablet App
Mobile Site
Checking Accounts
Savings Accounts
Credit Card Accounts
Debit Card Accounts
Mortgage Loans
No Fee Banking
Under $25k
$25k - $49k
$50k - $99k
$100k - $249k
$250k - $499k
$500k - $999k
Above $1,000,000
Fidelity Investments
Exclusive Offer Get 300 commission-free trades and 2 years to use them - Learn More
Read the Fidelity Investments Review
 
 
 
 
 
 
 
 
 
 
 
 
 
$7.95
N/A
$49.95
$7.95
$0.75
$7.95
$7.95
$32.95
$2,500.00
 
Yes
Yes
Yes
No
No
 
Yes
Yes
Yes
No
Yes
Yes
 
91
4052
13204
3748
195
 
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
No
Yes
 
8.08%
7.58%
7.08%
6.58%
6.58%
3.75%
3.75%
 
 
 
 
 
 
 
 
 
 
 
 
 
$5.00
N/A
$25.00
$5.00
$0.50
$15.00
$15.00
$25.00
$500.00
 
Yes
Yes
Yes
No
No
 
Yes
Yes
Yes
No
No
No
 
0
4642
12222
4170
0
 
Yes
No
Yes
No
Yes
 
No
No
No
No
No
No
 
9.00%
8.00%
7.00%
5.75%
5.25%
4.75%
4.25%

All pricing data was obtained from a published web site as of 2/16/2016 and is believed to be accurate, but is not guaranteed. The StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

arrow_drop_upBack to top