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Fidelity Investments 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 Fidelity Investments better than SogoTrade? After scoring brokers on over 4,000 data points for our 2019 review, Fidelity Investments (86.62%) is better than SogoTrade (57.71%). From industry-leading research to excellent trading tools, mobile apps, and retirement services, Fidelity defines “value” and provides investors with everything they need to succeed, and more.

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Overall Rating

Feature Fidelity Investments SogoTrade
Overall 4.5 3
Fidelity Investments Review SogoTrade Review

Trading Fees

Feature Fidelity Investments SogoTrade
Minimum Deposit $0.00 $500.00
Stock Trade Fee (per trade) $4.95 $4.88
ETF Trade Fee $4.95 $4.88
Options Base Fee $4.95 $4.88
Options Per Contract Fee $0.65 $0.50
Mutual Fund Trade Fee $49.95 $25.00
Broker Assisted Trades Fee $32.95 $25.00
Commissions & Fees 4 3.5
Winner check_circle

Margin Rates

Feature Fidelity Investments SogoTrade
Under $24,999.99 9.58% 10.75%
$25,000.00 to $49,999.99 9.08% 9.75%
$50,000.00 to $99,999.99 8.13% 8.75%
$100,000.00 to $249,999.99 8.08% 7.50%
$250,000.00 to $499,999.99 7.83% 7.00%
$500,000.00 to $999,999.99 5.50% 6.50%
Above $1,000,000.00 5.25% 6.00%
Commissions & Fees 4 3.5
Winner check_circle

Account Fees

Feature Fidelity Investments SogoTrade
IRA Annual Fee 0 35
IRA Closure Fee 0 60
Returned ACH Fee 0 30
Returned Wire Fee 0 30
Stock Certificate Processing Fee 0 N/A
Stock Certificate Delivery Fee 100 N/A
Paper Statement Fee 0 10
Paper Confirmation Fee 0 5
Domestic Wire Fee 0 25
International Wire Fee 0 50
Commissions & Fees 4 3.5

Investment Options

Feature Fidelity Investments SogoTrade
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 5
Futures Trading
No No
Forex Trading
No No
Commission-Free ETFs 500 0
Mutual Funds (No Load)
4031 9964
Mutual Funds (Total)
11782 11784
Bonds (US Treasury)
Yes No
Bonds (Corporate)
Yes No
Bonds (Municipal)
Yes No
Advisor Services
Yes No
International Trading
Yes No
Offering of Investments 4.5 2.5
Winner check_circle

Order Types

Feature Fidelity Investments 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
Yes No
Order Type - OCO
Yes No
Order Type - OTO
Yes No
Order Type - OTOCO
Yes No
Offering of Investments 4.5 2.5
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Trading Platforms

Feature Fidelity Investments SogoTrade
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
Yes No
Web Platform
Yes Yes
Paper Trading
No Yes
Trade Journal
Yes No
Watch Lists - Total Fields
91 49
Two-Factor Authentication Login
Yes No
Heat Mapping
Yes Yes
Platforms & Tools 4.5 3
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Charting Features

Feature Fidelity Investments SogoTrade
Charting - Trade Off Chart
Yes No
Charting - Indicators / Studies
166 52
Charting - Drawing Tools
22 12
Charting - Historical Trades
Yes No
Charting - Corporate Events
Yes No
Charting - Automated Analysis
Yes No
Charting - Save Profiles
Yes No
Charting - Study Customizations
5 4
Charting - Custom Studies
No No
Platforms & Tools 4.5 3
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Day Trading

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

Mobile Trading Apps

Feature Fidelity Investments 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
No 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
Winner check_circle

Mobile App Features

Feature Fidelity Investments SogoTrade
Watch List Syncing
Yes No
Stock Alerts - Basic Fields
Yes No
Stock Alerts - Advanced Fields
Yes 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
No No
Mobile Trading 4.5 3
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Research Overview

Feature Fidelity Investments 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 5 2
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Stock Research

Feature Fidelity Investments SogoTrade
Stock Research - Reports
12 1
Stock Research - Earnings
Yes No
Stock Research - Insiders
Yes No
Stock Research - Metric Comp
Yes 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
Yes No
Research 5 2
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ETF Research

Feature Fidelity Investments 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
Research 5 2
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Mutual Fund Research

Feature Fidelity Investments SogoTrade
Mutual Funds - Strategy Overview
Yes No
Mutual Funds - Prospectus
Yes No
Mutual Funds - Reports
No 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 5 2
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Options Trading

Feature Fidelity Investments SogoTrade
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
26 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

Beginners

Feature Fidelity Investments 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
No Yes
Videos
Yes No
Webinars (Monthly Avg)
8 0
Webinars (Archived)
Yes No
Live Seminars
Yes No
Progress Tracking
Yes No
Interactive Learning - Quizzes
Yes No
Investor Magazine
Yes No
Education 5 2
Winner check_circle

Banking

Feature Fidelity Investments SogoTrade
Retail Locations
197 0
Member FDIC
No No
Checking Accounts
Yes No
Savings Accounts
Yes No
Credit Cards
Yes No
Debit Cards
Yes No
Mortgage Loans
No No
No Fee Banking
Yes No
Banking 4 0.5
Winner check_circle

Overall

Feature Fidelity Investments SogoTrade
Fidelity Investments Review SogoTrade Review
Overall 4.5 3
Winner check_circle
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 4,000 data points, let's compare Fidelity Investments 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. Fidelity Investments charges more than SogoTrade for placing regular stock trades ($4.95 and $4.88, respectively). For options trading, Fidelity Investments has a base fee of $4.95, and SogoTrade a base fee of $4.88. Each option contract then costs $0.65 at Fidelity Investments 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. Fidelity Investments and SogoTrade provide clients with Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, SogoTrade offers its clients access to 11784 different mutual funds while Fidelity Investments has 11782 available funds, a difference of 2.

Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. SogoTrade makes virtual trading available to clients, while Fidelity Investments does not. Taking a look at mobile trading, Fidelity Investments and SogoTrade both have a 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. Clients can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards at Fidelity Investments while customers at SogoTrade can have none of these.

Overall, between Fidelity Investments and SogoTrade, Fidelity Investments is the winner.

Fidelity Investments 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.

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