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 E*TRADE vs SogoTrade. Is E*TRADE or SogoTrade a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. E*TRADE, with its regular stock trades costing $6.95, is more expensive than SogoTrade's rate of $4.88 per trade. For options trading, E*TRADE has a base fee of $6.95, and SogoTrade a base fee of $4.88. Option contracts are pricier at E*TRADE, costing $0.75 versus $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 provides its clients with Stock Trading, Options Trading and Mutual Funds while E*TRADE provides clients access to 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 E*TRADE has 9062 available funds, a difference of 2,722. Commission free ETFs can also be a nice plus, E*TRADE offers 295 commission free ETFs versus SogoTrade's total of 0.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. SogoTrade has virtual trading, E*TRADE doesn't. For mobile trading, E*TRADE along with SogoTrade both support the 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 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 finished with awards Best in Class - Research and Best in Class - Mobile Trading, while SogoTrade came up with none of these.
Overall, E*TRADE takes the upper hand with 4 stars over SogoTrade's 3 stars.