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 5,000 data points, let's compare E*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. E*TRADE, with its regular stock trades costing $6.95, is more expensive than SogoTrade's rate of $4.88 per trade. With options, the base fees charged are $6.95 (E*TRADE) and $4.88 (SogoTrade). Each option contract then costs $0.75 at E*TRADE and $0.50 at SogoTrade. 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. SogoTrade offers clients Stock Trading, Options Trading and Mutual Funds while E*TRADE offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, SogoTrade boasts an offering of 13360 mutual funds compared to E*TRADE's 8998 available funds. Commission free ETFs can also be valuable for customers, with E*TRADE having the upper hand thanks to its 156 available commission free ETFs compared to SogoTrade's offering of 0.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. SogoTrade makes virtual trading available to clients, while E*TRADE does not. Taking a look at mobile trading, E*TRADE along with SogoTrade both support 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 and Debit Cards are available to clients of E*TRADE while SogoTrade offers customers none of these. On the whole, when it comes to tools, research, and mobile trading, E*TRADE was rated Best in Class - Research and Best in Class - Mobile Trading, while SogoTrade was rated none of these.
Overall, E*TRADE takes the upper hand with 4.00 stars over SogoTrade's 3.00 stars.