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

E*TRADE vs SogoTrade 2019

Blain Reinkensmeyer

The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.

Is SogoTrade better than E*TRADE? After scoring brokers in nine separate categories for our 2019 review, E*TRADE (83.68%) is better than SogoTrade (57.71%). While E*TRADE may not offer the cheapest trades, the Power E*TRADE platform is great for options trading, and the broker offers two great mobile apps.

Promo Offer Trade commission-free for 60 days & get up to $600. Join E*TRADE today! Learn More
Special Offer Trades as low as $2.88 + 100 free trades. Switch to SogoTrade! Learn More
Open Account Open Account

Overall Rating

Feature E*TRADE SogoTrade
Overall 4 3
E*TRADE Review SogoTrade Review

Trading Fees

Feature E*TRADE SogoTrade
Minimum Deposit $500.00 $500.00
Stock Trade Fee (per trade) $6.95 $4.88
Options Base Fee $6.95 $4.88
Options Per Contract Fee $0.75 $0.50
Mutual Fund Trade Fee $19.99 $25.00
Broker Assisted Trades Fee $25.00 $25.00
IRA Annual Fee $0.00 $35.00
IRA Closure Fee $60.00 $60.00
Commissions & Fees 3.5 3.5
Winner check_circle

Margin Rates

Feature E*TRADE SogoTrade
Under $24,999.99 10.50% 10.75%
$25,000.00 to $49,999.99 10.25% 9.75%
$50,000.00 to $99,999.99 9.75% 8.75%
$100,000.00 to $249,999.99 9.25% 7.50%
$250,000.00 to $499,999.99 8.75% 7.00%
$500,000.00 to $999,999.99 8.25% 6.50%
Above $1,000,000.00 7.25% 6.00%
Commissions & Fees 3.5 3.5
Winner check_circle

Trading Platforms

Feature E*TRADE SogoTrade
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
Yes Yes
Trade Journal
No No
Watch Lists - Total Fields
125 49
Two-Factor Authentication Login
Yes No
Heat Mapping
No Yes
Platforms & Tools 4.5 3
Winner check_circle

Charting Features

Feature E*TRADE SogoTrade
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
118 52
Charting - Drawing Tools
33 12
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes No
Charting - Automated Analysis
No No
Charting - Save Profiles
Yes No
Charting - Study Customizations
6 4
Charting - Custom Studies
No No
Platforms & Tools 4.5 3
Winner check_circle

Day Trading

Feature E*TRADE SogoTrade
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
No No
Streaming Time & Sales
Yes Yes
Streaming TV
Yes No
Direct Market Routing - Stocks
Yes No
Direct Market Routing - Options
Yes No
Ladder Trading
Yes 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
Client Liquidity Rebates
No No
Winner check_circle

Mobile Trading

Feature E*TRADE 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
Yes 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
Watch List Syncing
Yes No
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
No No
Charting - After Hours
Yes No
Charting - Drawing
No No
Charting - Study Customizations
Yes No
Customizable Homescreen
Yes No
Heatmapping
Yes No
Stream Live TV
Yes No
Barcode Lookup
Yes No
Mobile Trading 5 3
Winner check_circle

Research Overview

Feature E*TRADE 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
Research - Futures
Yes No
Research - Forex
No 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 4.5 2
Winner check_circle

Stock Research

Feature E*TRADE SogoTrade
Stock Research - Reports
4 1
Stock Research - Earnings
Yes No
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
No 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 4.5 2
Winner check_circle

Fund Research

Feature E*TRADE 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
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 4.5 2
Winner check_circle

Options Trading

Feature E*TRADE SogoTrade
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
30 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

Investments

Feature E*TRADE SogoTrade
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 5
Futures Trading
Yes No
Forex Trading
No No
Commission-Free ETFs 295 0
Mutual Funds (No Load)
6266 9964
Mutual Funds (Total)
9062 11784
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Advisor Services
Yes No
International Trading
No No
Offering of Investments 4.5 2.5
Winner check_circle

Order Types

Feature E*TRADE 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
No No
Order Type - OCO
Yes No
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No
Offering of Investments 4.5 2.5
Winner check_circle

Beginners

Feature E*TRADE SogoTrade
Has Education - Stocks
Yes Yes
Has Education - ETFs
Yes Yes
Has Education - Options
Yes Yes
Has Education - Mutual Funds
Yes No
Has Education - Fixed Income
Yes No
Has Education - Retirement
Yes No
Paper Trading
Yes Yes
Videos
Yes No
Webinars (Monthly Avg)
12 0
Webinars (Archived)
Yes No
Live Seminars
Yes No
Progress Tracking
No No
Interactive Learning - Quizzes
Yes No
Investor Magazine
No No
Education 4.5 2
Winner check_circle

Banking

Feature E*TRADE SogoTrade
Retail Locations
30 0
Member FDIC
Yes No
Checking Accounts
Yes No
Savings Accounts
Yes No
Credit Cards
No No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
No No
Banking 4 0.5
Winner check_circle

Overall

Feature E*TRADE SogoTrade
E*TRADE Review SogoTrade Review
Overall 4 3
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 E*TRADE 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. 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. SogoTrade's per contract rate of $0.50 is less than E*TRADE which charges $0.75. 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 supports Stock Trading, Options Trading and Mutual Funds while E*TRADE supports Stock Trading, Options Trading, Mutual Funds and Futures Trading. As far as mutual funds go, SogoTrade offers its clients access to 11784 different mutual funds while E*TRADE has 9062 available funds, a difference of 2,722.

Finally, by comparing the each broker's website and platform features, we can surface interesting differences. SogoTrade has virtual trading, E*TRADE doesn't. For mobile trading, Both E*TRADE 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 and Debit Cards are available to clients of E*TRADE while SogoTrade offers customers none of these.

Overall, between E*TRADE and SogoTrade, E*TRADE is the winner.

E*TRADE Review
SogoTrade Review


All pricing data was obtained from a published web site as of 02/18/2019 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