The StockBrokers.com 2017 Brokerage Review assessed 16 different brokers over six months, surfacing the best online stock brokers
. This review compares Fidelity Investments vs SogoTrade. Is Fidelity Investments or SogoTrade a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. SogoTrade charges $5.00 per stock trade which is $0.05 more than Fidelity Investments which charges customers $4.95 per trade. With options, the base fees charged are $5.00 (SogoTrade) and $4.95 (Fidelity Investments). Option contracts are pricier at Fidelity Investments, costing $0.65 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. Fidelity Investments alongside SogoTrade offer clients Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, Fidelity Investments boasts an offering of 13204 mutual funds compared to SogoTrade's 12222 available funds. Commission free ETFs can also be a nice plus, with Fidelity Investments having the upper hand thanks to its 91 available commission free ETFs compared to SogoTrade's offering 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. Both Fidelity Investments and SogoTrade offer virtual trading. For mobile trading, Fidelity Investments 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, Debit Cards and Credit Cards are offered by Fidelity Investments while SogoTrade offers none of these. On the whole, when it comes to tools, research, and mobile trading, Fidelity Investments finished with awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2017, while SogoTrade came up with none of these.
Overall, Fidelity Investments takes the upper hand with 4.50 stars over SogoTrade's 3.00 stars.