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 Charles Schwab vs SogoTrade. Is Charles Schwab or SogoTrade a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. Charles Schwab, with its regular stock trades costing $4.95, is more expensive than SogoTrade's rate of $4.88 per trade. Looking at trading options, SogoTrade's base fee is $4.88 while Charles Schwab's is $4.95. Each option contract then costs $0.65 at Charles Schwab and $0.50 at SogoTrade. 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 offers clients Stock Trading, Options Trading and Mutual Funds while Charles Schwab offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, SogoTrade offers its clients access to 11784 different mutual funds while Charles Schwab has 5846 available funds, a difference of 5,938.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. SogoTrade makes virtual trading available to clients, while Charles Schwab does not. For mobile trading, Charles Schwab and SogoTrade both have a 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 Charles Schwab while SogoTrade offers customers none of these.
Overall, between Charles Schwab and SogoTrade, Charles Schwab is the winner
Charles Schwab Review