Comparing brokers side by side is no easy task. For our annual broker review, we assess over a dozen brokers on hundreds of different variables to find the best online broker. Yielding a database of over 4,000 data points, let's compare Chase You Invest Trade vs SogoTrade.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. SogoTrade charges more than Chase You Invest Trade for placing regular stock trades ($4.88 and $2.95, respectively). Looking at trading options, Chase You Invest Trade's base fee is $2.95 while SogoTrade's is $4.88. SogoTrade's per contract rate of $0.50 is less than Chase You Invest Trade which charges $0.75. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review.
Next to commission rates, being able to trade what you want is important. Both Chase You Invest Trade and SogoTrade support Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, SogoTrade offers its clients access to 11784 different mutual funds while Chase You Invest Trade has 2700 available funds, a difference of 9,084.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. SogoTrade offers virtual trading while Chase You Invest Trade does not. Taking a look at mobile trading, Chase You Invest Trade supports the iPhone App and Android App while SogoTrade supports the iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans are offered by Chase You Invest Trade while SogoTrade offers none of these.
Overall, between Chase You Invest Trade and SogoTrade, SogoTrade is the winner.
Chase You Invest Trade Review