StockBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

Charles Schwab vs SogoTrade 2020

Is Charles Schwab better than SogoTrade? After testing 15 of the best online brokers over five months, Charles Schwab (93.11%) is better than SogoTrade (66.13%). Founded in 1973, Charles Schwab is a full-service brokerage with over $3 trillion in total client assets. As a low-cost leader offering $0 stock trades, Charles Schwab provides investors excellent stock research, quality trade tools, and professional planning for the future.

Special Offer $0 online stock, ETF, and options commissions at Schwab. Open Account
Special Offer Trades as low as $2.88 + 100 free trades. Switch to SogoTrade! Open Account
Open Account Open Account

Overall Rating

Trading Fees

Feature Charles Schwab SogoTrade
Minimum Deposit $0.00 $500.00
Stock Trade Fee (per trade) $0.00 $4.88
ETF Trade Fee $0.00 $4.88
Options Base Fee $0.00 $4.88
Options Per Contract Fee $0.65 $0.50
Mutual Fund Trade Fee $49.95 $25.00
Broker Assisted Trades Fee $25.00 $25.00
Commissions & Fees 4.5 4
Winner check_circle

Margin Rates

Feature Charles Schwab SogoTrade
Under $24,999.99 9.33% 10.25%
$25,000.00 to $49,999.99 8.83% 9.25%
$50,000.00 to $99,999.99 7.88% 8.25%
$100,000.00 to $249,999.99 7.83% 7.00%
$250,000.00 to $499,999.99 7.58% 6.50%
$500,000.00 to $999,999.99 6.08% 6.00%
Above $1,000,000.00 5.75% 5.50%
Commissions & Fees 4.5 4
Winner check_circle

Account Fees

Feature Charles Schwab SogoTrade
IRA Annual Fee $0.00 $35.00
IRA Closure Fee $50.00 $60.00
Returned ACH Fee $25.00 $30.00
Returned Wire Fee $25.00 $30.00
Stock Certificate Processing Fee $100.00 N/A
Stock Certificate Delivery Fee N/A N/A
Paper Statement Fee $0.00 $10.00
Paper Confirmation Fee $0.00 $5.00
Domestic Wire Fee $25.00 $25.00
International Wire Fee $25.00 $50.00
Commissions & Fees 4.5 4

Investment Options

Feature Charles Schwab SogoTrade
Stock Trading
Yes Yes
Fractional Shares
Yes No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
Yes No
Forex Trading
No No
Commission-Free ETFs all 0
Mutual Funds (No Load)
7291 3432
Mutual Funds (Total)
9978 6602
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Interest Sharing
No No
Advisor Services
Yes No
International Trading
Yes No
Offering of Investments 4.5 3
Winner check_circle

Order Types

Feature Charles Schwab SogoTrade
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
Yes No
Order Type - MultiContingent
Yes No
Order Type - OCO
Yes No
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No
Offering of Investments 4.5 3
Winner check_circle

Trading Platforms

Feature Charles Schwab SogoTrade
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
No Yes
Trade Journal
Yes No
Watch Lists - Total Fields
125 49
Heat Mapping
Yes Yes
AI Assistant Bot
No No
Platforms & Tools 4.5 3
Winner check_circle

Charting Features

Feature Charles Schwab SogoTrade
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
41 52
Charting - Drawing Tools
15 12
Charting - Historical Trades
No No
Charting - Corporate Events
Yes No
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes No
Charting - Study Customizations
7 4
Charting - Custom Studies
No No
Platforms & Tools 4.5 3
Winner check_circle

Day Trading

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

Mobile Trading Apps

Feature Charles Schwab SogoTrade
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes Yes
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
No No
Trading - Mutual Funds
Yes No
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes Yes
Trading - Option Rolling
No No
Touch / Face ID
Yes Yes
Winner check_circle

Mobile App Features

Feature Charles Schwab SogoTrade
Watch List Syncing
Yes No
Stock Alerts
No No
Charting - After Hours
No No
Charting - Drawing
No No
Charting - Study Customizations
Yes No
Heatmapping
Yes No
Stream Live TV
Yes No
Barcode Lookup
No No
Mobile Trading 4 3.5
Winner check_circle

Research Overview

Feature Charles Schwab SogoTrade
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
Yes No
Research - Pink Sheets / OTCBB
Yes No
Research - Fixed Income
Yes No
Screener - Stocks
Yes Yes
Screener - ETFs
Yes Yes
Screener - Mutual Funds
Yes No
Screener - Options
Yes No
Screener - Bonds
Yes No
Misc - Portfolio Builder
Yes Yes
Misc - Portfolio Allocation
Yes No
Research 5 2.5
Winner check_circle

Stock Research

Feature Charles Schwab SogoTrade
Stock Research - Reports
8 1
Stock Research - Earnings
Yes No
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
Yes No
Stock Research - SEC Filings
Yes Yes
Stock Research - Social
Yes No
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
Yes No
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 5 2.5
Winner check_circle

ETF Research

Feature Charles Schwab SogoTrade
ETFs - Strategy Overview
Yes Yes
ETFs - Top 10 Holdings
Yes Yes
ETFs - Sector Exposure
Yes No
ETFs - Risk Analysis
Yes No
ETFs - Performance Analysis
Yes Yes
ETFs - Ratings
Yes No
ETFs - Morningstar StyleMap
Yes No
ETFs - Reports
Yes No
Research 5 2.5
Winner check_circle

Mutual Fund Research

Feature Charles Schwab SogoTrade
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
Yes No
Mutual Funds - Fees Breakdown
Yes No
Mutual Funds - Top 10 Holdings
Yes No
Mutual Funds - Asset Allocation
Yes No
Mutual Funds - Sector Allocation
Yes No
Mutual Funds - Country Allocation
Yes No
Mutual Funds - StyleMap
Yes No
Mutual Funds - 3rd Party Ratings
Yes No
Research 5 2.5
Winner check_circle

Options Trading

Feature Charles Schwab SogoTrade
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
44 22
Option Chains - Greeks
5 5
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 Yes
Option Positions - Grouping
Yes No
Platforms & Tools 4.5 3
Winner check_circle

Beginners

Feature Charles Schwab SogoTrade
Education (Stocks)
Yes Yes
Education (ETFs)
Yes No
Education (Options)
Yes Yes
Education (Mutual Funds)
Yes No
Education (Fixed Income)
Yes No
Education (Retirement)
Yes No
Paper Trading
No Yes
Videos
Yes No
Webinars (Monthly Avg)
50 0
Webinars (Archived)
Yes No
Live Seminars
Yes No
Progress Tracking
No No
Interactive Learning - Quizzes
No No
Investor Magazine
Yes No
Education 4.5 2
Winner check_circle

Banking

Feature Charles Schwab SogoTrade
Retail Locations
357 0
Member FDIC
Yes No
Checking Accounts
Yes No
Savings Accounts
Yes No
Credit Cards
Yes No
Debit Cards
Yes No
Mortgage Loans
Yes No
No Fee Banking
Yes No
Banking 4.5 0.5
Winner check_circle

Overall

Feature Charles Schwab SogoTrade
Charles Schwab Review SogoTrade Review
Overall 4.5 3.5
Winner check_circle

Comparing brokers side by side is no easy task. For our 2020 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Charles Schwab vs SogoTrade.

Is Charles Schwab or SogoTrade better for beginners?
Charles Schwab is better for beginner investors than SogoTrade. Charles Schwab offers investors access to Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Fixed Income) and Education (Retirement).

What about Charles Schwab vs SogoTrade pricing?
SogoTrade charges more than Charles Schwab for placing regular stock trades ($4.88 and $0, respectively). For options trading, SogoTrade has a base fee of $4.88, and Charles Schwab a base fee of $0. SogoTrade's per contract rate of $0.50 is less than Charles Schwab which charges $0.65. For a complete commissions summary, see our best discount brokers guide.

Does Charles Schwab or SogoTrade offer a wider range of investment options?
Charles Schwab offers a more diverse selection of investment options than SogoTrade. Charles Schwab offers investors access to Stock Trading, Fractional Shares, OTCBB / Pink Sheets, Options Trading, Mutual Funds, Futures Trading, Advisor Services and International Trading. Looking at Mutual Funds, Charles Schwab offers its clients access to 9978 different mutual funds while SogoTrade has 6602 available funds, a difference of 3,376.

Which trading platform is better: Charles Schwab or SogoTrade?
To compare the trading platforms of both Charles Schwab and SogoTrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Charles Schwab offers a better experience. With research, Charles Schwab offers superior market research. Finally, we found Charles Schwab to provide better mobile trading apps.

Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. 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 better online broker.

Charles Schwab Review
SogoTrade Review



All pricing data was obtained from a published web site as of 01/20/2020 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.

arrow_drop_upBack to top