Using data from our latest annual broker review which tested more than a dozen different online brokers
over six months, we can compare Fidelity Investments vs SogoTrade to determine which broker is best. Let's dive in.
First, we will break down the commission charges of both brokers for placing stock and options trades. Fidelity Investments, with its regular stock trades costing $4.95, is more expensive than SogoTrade's rate of $4.88 per trade. For options trading, Fidelity Investments has a base fee of $4.95, and SogoTrade a base fee of $4.88. SogoTrade's per contract rate of $0.50 is less than Fidelity Investments which charges $0.65. Instead of flat rate fees, several brokers charge a per-share fee instead. For a complete review of trading charges, read our full online broker reviews
Next, investors want to make sure they can trade the investment vehicle they want. Fidelity Investments and SogoTrade provide clients with Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, SogoTrade offers its clients access to 13360 different mutual funds while Fidelity Investments has 12505 available funds, a difference of 855. And, commission free ETFs deserve a comparison, with Fidelity Investments having the upper hand thanks to its 265 available commission free ETFs compared to SogoTrade's offering of 0.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Fidelity Investments and SogoTrade both offer virtual trading. For mobile trading, Both Fidelity Investments and SogoTrade offer clients access to an iPhone App, iPad App and Android App. Online banking is also used by many customers, and multiple full-service brokerages provide these services. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are offered by Fidelity Investments while SogoTrade offers none of these. All factors considered, when it comes to platform tools, research, and mobile trading, Fidelity Investments posted awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2018, while SogoTrade found itself with none of these.
Overall, Fidelity Investments takes the upper hand with 5.00 stars over SogoTrade's 3.50 stars.