Comparing brokers side by side is no easy task. For our 2017 Broker Review
, we assessed 16 brokers on 308 different variables. 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 charges more than SogoTrade for placing regular stock trades ($6.95 and $5.00, respectively). For options trading, E*TRADE has a base fee of $6.95, and SogoTrade a base fee of $5.00. 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 12222 mutual funds compared to E*TRADE's 8652 available funds. Commission free ETFs can also be valuable for customers, with E*TRADE having the upper hand thanks to its 133 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 has virtual trading, E*TRADE doesn't. 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 in 2017, while SogoTrade was rated none of these.
Overall, E*TRADE comes out on top with 4.00 stars over SogoTrade's 3.00 stars.