Scottrade vs SogoTrade 2013 Review
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Mediocre
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Outstanding
Featured
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| Open Account |
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| Current Offers | Special Offer - Get $100 in transfer fees reimbursed - Learn More | |
| Broker Reviews | Read full review › | Read full review › |
Fees |
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| Flat-Fee Trade Plan* | $7.00 | $3.00 |
| Per-Share Trade Plan | N/A | N/A |
| Mutual Fund Trade Fee* | $17.00 | N/A |
| Options Trade Base | $7.00 | $5.00 |
| Options Per Contract | $1.25 | $0.50 |
| Options Exercise Fee | $17.00 | $15.00 |
| Options Assignment Fee | $17.00 | $15.00 |
| Broker Assisted Trades | $32.00 | $25.00 |
| Minimum Deposit | $500.00 | $0.00 |
2013 Review Ratings |
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| Overall |
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N/A |
| Commissions & Fees |
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N/A |
| Customer Service |
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N/A |
| Platform & Tools |
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N/A |
| Research |
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N/A |
| Ease of Use |
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N/A |
| Investment Offering |
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N/A |
| Education |
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N/A |
| Mobile Trading |
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N/A |
Brokers |
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Account Features |
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| Virtual Trading |
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| No Minimum Deposit |
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| No Maintenance Fees |
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| No-Fee IRAs |
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| Online Trader Community |
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| Investment Education |
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| Live Seminars |
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Mobile Trading |
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| iPhone App |
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| BlackBerry App |
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| Android App |
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| Mobile Site |
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Trade Types |
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| Stock Trading |
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| Options Trading |
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| Mutual Funds |
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| FOREX Trading | ||
| Futures Trading | ||
Banking Features |
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| Checking Accounts |
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| Savings Accounts |
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| Debit Card Accounts |
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Margin Rates |
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| Under $25k | 7.75% | 6.50% |
| $25k to $49k | 7.25% | 6.50% |
| $50k to $99k | 6.75% | 5.50% |
| $100k to $249k | 6.50% | 5.50% |
| $250k to $499k | 6.25% | 4.50% |
| $500k to $999k | 5.75% | 4.50% |
| Above $1,000,000 | 5.25% | 4.50% |
Recap |
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| Open Account |
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| Current Offers | Special Offer - Get $100 in transfer fees reimbursed - Learn More | |
| Broker Reviews | Read full review › | Read full review › |
SogoTrade vs Scottrade
StockBrokers.com 2013 review compares Scottrade vs SogoTrade. Compare Scottrade and SogoTrade trade commissions, fees and overall broker ratings by using the chart above. Is Scottrade or SogoTrade a better online broker? The StockBrokers.com staff breaks down all the key broker features, rates, and commissions charged to clients to determine the best broker.
If you are looking for a well rounded broker that has an easy to use platform, Scottrade is a solid fit. In our 2012 Broker Review they received a 5 Star Overall rating in addition to Best in Class for Customer Service, Investor Education, and Ease of Use. Scottrade has over 500+ local branch offices, one of the strongest retail presences of any online based brokerage. Commissions are just outside the bounds of what investors consider a discount broker, so traders can expect some savings compared to the higher trade costs at the larger brokerages. Highly personable from when you open your account to the on going relationship they share with their clients, Scottrade will be your new best friend.
There is a significant price difference of $4.00 per stock trade between Scottrade and SogoTrade. Scottrade's per trade stock price of 7.00 is significantly higher than SogoTrade's per trade stock price of 3.00.
There is a large difference between Scottrade's "Overall" rating of 4 stars and SogoTrade's "Overall" rating of -1 stars.
Only Scottrade has an iPhone app for mobile trading while SogoTrade does not. Neither Scottrade or SogoTrade has a format-specific version of their mobile application available for the iPad App.
