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SogoTrade vs Ally Invest 2019

Is Ally Invest better than SogoTrade? Based on over 4,000 data points from our 2019 annual broker review, Ally Invest (62.44%) is better than SogoTrade (57.71%).

Ally Invest

Best for IRA Accounts Overall
Among the bank and brokerage combinations, Ally shines and competes with the best in the industry. Ally’s high-yield savings account is easy to use and offers competitive annual yields above 2%. Also, Ally does not nickel and dime its customers; it embraces no-fee banking. Read full review.

SogoTrade

$4.88 Per Trade - Open Account
Special Offer: Trades as low as $2.88 + 100 free trades. Switch to SogoTrade!

Founded in 1986, SogoTrade is an online discount brokerage that charges $4.88 base commissions and supports Chinese-speaking customers. Unfortunately, despite offering five trading platforms for stocks and options, SogoTrade struggles to stand out against similarly priced brokers.Read full review.

Overall Rating

Feature SogoTrade Ally Invest
Overall 3 3
SogoTrade Review Ally Invest Review

Trading Fees

Feature SogoTrade Ally Invest
Minimum Deposit $500.00 $0.00
Stock Trade Fee (per trade) $4.88 $0.00
ETF Trade Fee $4.88 $0.00
Options Base Fee $4.88 $0.00
Options Per Contract Fee $0.50 $0.50
Mutual Fund Trade Fee $25.00 $9.95
Broker Assisted Trades Fee $25.00 $20.00
Commissions & Fees 3.5 3.5
Winner check_circle

Margin Rates

Feature SogoTrade
Open Account
Ally Invest
Under $24,999.99 10.75% 9.75%
$25,000.00 to $49,999.99 9.75% 9.50%
$50,000.00 to $99,999.99 8.75% 8.75%
$100,000.00 to $249,999.99 7.50% 7.50%
$250,000.00 to $499,999.99 7.00% 6.50%
$500,000.00 to $999,999.99 6.50% 6.00%
Above $1,000,000.00 6.00% 5.25%
Commissions & Fees 3.5 3.5
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Account Fees

Feature SogoTrade Ally Invest
IRA Annual Fee $35.00 $0.00
IRA Closure Fee $60.00 $50.00
Returned ACH Fee $30.00 $30.00
Returned Wire Fee $30.00 $30.00
Stock Certificate Processing Fee N/A $300.00
Stock Certificate Delivery Fee N/A $300.00
Paper Statement Fee $10.00 $2.00
Paper Confirmation Fee $5.00 $1.00
Domestic Wire Fee $25.00 $30.00
International Wire Fee $50.00 N/A
Commissions & Fees 3.5 3.5

Investment Options

Feature SogoTrade Ally Invest
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
No No
Forex Trading
No Yes
Commission-Free ETFs 0 all
Mutual Funds (No Load)
9964 7200
Mutual Funds (Total)
11784 14000
Bonds (US Treasury)
No Yes
Bonds (Corporate)
No Yes
Bonds (Municipal)
No Yes
Advisor Services
No Yes
International Trading
No No
Offering of Investments 2.5 4
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Order Types

Feature SogoTrade Ally Invest
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
No Yes
Order Type - MultiContingent
No No
Order Type - OCO
No Yes
Order Type - OTO
No Yes
Order Type - OTOCO
No No
Offering of Investments 2.5 4
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Trading Platforms

Feature SogoTrade Ally Invest
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
No No
Web Platform
Yes Yes
Paper Trading
Yes No
Trade Journal
No No
Watch Lists - Total Fields
49 21
Two-Factor Authentication Login
No Yes
Heat Mapping
Yes No
Platforms & Tools 3 2.5
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Charting Features

Feature SogoTrade Ally Invest
Charting - Trade Off Chart
No No
Charting - Indicators / Studies
52 117
Charting - Drawing Tools
12 36
Charting - Historical Trades
No No
Charting - Corporate Events
No Yes
Charting - Automated Analysis
No Yes
Charting - Save Profiles
No Yes
Charting - Study Customizations
4 5
Charting - Custom Studies
No No
Platforms & Tools 3 2.5
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Day Trading

Feature SogoTrade Ally Invest
Stock Alerts - Basic Fields
No Yes
Stock Alerts - Advanced Fields
No No
Streaming Time & Sales
Yes No
Streaming TV
No No
Direct Market Routing - Stocks
No No
Direct Market Routing - Options
No No
Ladder Trading
No No
Trade Hot Keys
No No
Level 2 Quotes - Stocks
No No
Level 2 Quotes - Options
No No
Trade Ideas - Backtesting
No No
Short Locator
No No
Order Liquidity Rebates
No No
Winner check_circle

Mobile Trading Apps

Feature SogoTrade Ally Invest
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes No
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes No
Trading - Conditional Orders
No No
Trading - Mutual Funds
No No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes Yes
Trading - Option Rolling
No No
Touch / Face ID
Yes Yes
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Mobile App Features

Feature SogoTrade Ally Invest
Watch List Syncing
No Yes
Stock Alerts - Basic Fields
No No
Charting - After Hours
No No
Charting - Drawing
No No
Charting - Study Customizations
No No
Customizable Homescreen
No No
Heatmapping
No No
Stream Live TV
No No
Barcode Lookup
No No
Mobile Trading 3 3
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Research Overview

Feature SogoTrade Ally Invest
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
No Yes
Research - Pink Sheets / OTCBB
No Yes
Research - Fixed Income
No No
Screener - Stocks
Yes No
Screener - ETFs
Yes No
Screener - Mutual Funds
No No
Screener - Options
No No
Screener - Bonds
No No
Misc - Portfolio Builder
Yes Yes
Misc - Portfolio Allocation
No No
Research 2 2
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Stock Research

Feature SogoTrade Ally Invest
Stock Research - Reports
1 2
Stock Research - Earnings
No No
Stock Research - Insiders
No No
Stock Research - Metric Comp
No No
Stock Research - SEC Filings
Yes No
Stock Research - Social
No No
Stock Research - Balance Sheet
Yes No
Stock Research - Cash Flows
No No
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 2 2
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ETF Research

Feature SogoTrade Ally Invest
ETFs - Strategy Overview
Yes Yes
ETFs - Top 10 Holdings
Yes No
ETFs - Sector Exposure
No No
ETFs - Risk Analysis
No Yes
ETFs - Performance Analysis
Yes Yes
ETFs - Ratings
No Yes
ETFs - Morningstar StyleMap
No No
ETFs - Reports
No Yes
Research 2 2
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Mutual Fund Research

Feature SogoTrade Ally Invest
Mutual Funds - Strategy Overview
No Yes
Mutual Funds - Prospectus
No No
Mutual Funds - Reports
No No
Mutual Funds - Fees Breakdown
No Yes
Mutual Funds - Top 10 Holdings
No No
Mutual Funds - Asset Allocation
No No
Mutual Funds - Sector Allocation
No Yes
Mutual Funds - Country Allocation
No No
Mutual Funds - StyleMap
No No
Mutual Funds - 3rd Party Ratings
No Yes
Research 2 2
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Options Trading

Feature SogoTrade Ally Invest
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
22 8
Option Chains - Greeks
5 1
Option Chains - Quick Analysis
Yes Yes
Option Analysis - P&L Charts
Yes Yes
Option Probability Analysis
Yes Yes
Option Probability Analysis Adv
Yes Yes
Option Positions - Greeks
Yes Yes
Option Positions - Adv Analysis
Yes Yes
Option Positions - Rolling
Yes No
Option Positions - Grouping
No Yes
Platforms & Tools 3 2.5
Winner check_circle

Beginners

Feature SogoTrade Ally Invest
Has Education - Stocks
Yes Yes
Has Education - ETFs
Yes No
Has Education - Options
Yes Yes
Has Education - Mutual Funds
No Yes
Has Education - Fixed Income
No Yes
Has Education - Retirement
No Yes
Paper Trading
Yes No
Videos
No No
Webinars (Monthly Avg)
0 17
Webinars (Archived)
No No
Live Seminars
No Yes
Progress Tracking
No No
Interactive Learning - Quizzes
No No
Investor Magazine
No No
Education 2 3.5
Winner check_circle

Banking

Feature SogoTrade Ally Invest
Retail Locations
0 0
Member FDIC
No Yes
Checking Accounts
No Yes
Savings Accounts
No Yes
Credit Cards
No Yes
Debit Cards
No Yes
Mortgage Loans
No Yes
No Fee Banking
No Yes
Banking 0.5 4
Winner check_circle

Overall

Feature SogoTrade Ally Invest
SogoTrade Review Ally Invest Review
Overall 3 3
Winner check_circle

The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers. This review compares Ally Invest vs SogoTrade. Is Ally Invest or SogoTrade a better online broker?

First, we will make a comparison of the stock and option trading fees for trading with both brokers. SogoTrade charges more than Ally Invest for placing regular stock trades ($4.88 and $0, respectively). Looking at trading options, Ally Invest's base fee is $0 while SogoTrade's is $4.88. Option contracts run $0.50 a piece at both brokerages. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews.

For our next comparison of these two brokers, being able to trade the way you want is a must. SogoTrade supports Stock Trading, Options Trading and Mutual Funds while Ally Invest supports Stock Trading, Options Trading, Mutual Funds and Forex Trading. When it comes to mutual funds, Ally Invest offers its clients access to 14000 different mutual funds while SogoTrade has 11784 available funds, a difference of 2,216.

Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. SogoTrade has virtual trading, Ally Invest doesn't. For mobile trading, Ally Invest along with SogoTrade both support the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are available to clients of Ally Invest while SogoTrade offers customers none of these.

Overall, between Ally Invest and SogoTrade, Ally Invest is the winner.

Ally Invest Review
SogoTrade Review



All pricing data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. 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.

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