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.