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. 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. 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 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. Looking at mutual funds, SogoTrade offers its clients access to 13360 different mutual funds while E*TRADE has 8998 available funds, a difference of 4,362. Commission free ETFs can also be valuable for customers, with SogoTrade falling behind E*TRADE, offering 0 commission free ETFs compared to E*TRADE's 225.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. SogoTrade has virtual trading, E*TRADE doesn't. Taking a look at mobile trading, Both E*TRADE and SogoTrade offer clients access to an 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 posted awards Best in Class - Research in 2018, while SogoTrade found itself with none of these.
Overall, E*TRADE boasts 4.50 stars versus SogoTrade's 3.50 stars.