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

Trading Fees

Feature SogoTrade Charles Schwab
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 $0.65
Mutual Fund Trade Fee $25.00 $49.95
Broker Assisted Trades Fee $25.00 $25.00
Commissions & Fees 4 4.5
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Margin Rates

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

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

Investment Options

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

Feature SogoTrade Charles Schwab
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 Yes
Order Type - OCO
No Yes
Order Type - OTO
No Yes
Order Type - OTOCO
No Yes
Offering of Investments 3 4.5
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Trading Platforms

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

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

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

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

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

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

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

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

Feature SogoTrade Charles Schwab
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
22 44
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
No Yes
Platforms & Tools 3 4.5
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Beginners

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

Feature SogoTrade Charles Schwab
Retail Locations
0 357
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 4.5
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Overall

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

Using data from our latest annual broker review which tested more than a dozen different online brokers over six months, we can compare Charles Schwab vs SogoTrade to determine which broker is best. Let's dive in.

First, we will break down the commission charges of both brokers for placing stock and options trades. SogoTrade charges more than Charles Schwab for placing regular stock trades ($4.88 and $0, respectively). With options, the base fees charged are $4.88 (SogoTrade) and $0 (Charles Schwab). Option contracts are pricier at Charles Schwab, costing $0.65 versus $0.50 at SogoTrade. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews.

Next, investors want to make sure they can trade the investment vehicle they want. SogoTrade offers clients Stock Trading, Options Trading and Mutual Funds while Charles Schwab offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, Charles Schwab offers its clients access to 9978 different mutual funds while SogoTrade has 6602 available funds, a difference of 3,376.

Finally, by comparing the each broker's website and platform features, we can surface interesting differences. SogoTrade offers virtual trading while Charles Schwab does not. For mobile trading, Both Charles Schwab and SogoTrade offer clients access to an iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. 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
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.

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