The StockBrokers.com 2017 Brokerage Review
compares E*TRADE vs SogoTrade. Compare E*TRADE and SogoTrade trade commissions, fees and overall broker ratings by using the table below. Is E*TRADE or SogoTrade a better online broker?
Looking at both brokers, first we will take a look at the commission rates for both placing regular stock and options trades. E*TRADE charges $6.95 per stock trade which is $1.95 more than SogoTrade which charges clients $5.00 per trade. For options trading, E*TRADE has a base fee of $6.95, and SogoTrade a base fee of $5.00. Each contract then costs $0.75 at E*TRADE and $0.50 at SogoTrade for a difference in price of $0.25 per contract. It should be noted that not every broker uses a flat rate stock trade fee structure, so it is important to read the full commission notes (head over to any online brokerage review
page, then navigate to the "Commission Notes" section).
Alongside trade commissions, 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 gives clients access to Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, E*TRADE trails SogoTrade by 3,570.00 total funds, with SogoTrade offering 12222 and E*TRADE offering 8652. Commission free ETFs can also be a nice plus, E*TRADE offers 133 versus SogoTrade's total of 0.
Last but not least, by breaking down important features that each broker offers, we can really help to separate the two brokers. SogoTrade has virtual trading, E*TRADE doesn't. For mobile trading, E*TRADE and SogoTrade both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Checking Accounts and Debit Cards are offered by E*TRADE while SogoTrade offers none of these. On the whole, when it comes to tools, research, and trading on the go, E*TRADE posted awards for Best in Class - Research and Best in Class - Mobile Trading in 2014, while SogoTrade found itself with none of these.
Overall, E*TRADE boasts 4.00 stars versus SogoTrade's 3.00 stars.