The StockBrokers.com 2017 Brokerage Review
assessed 16 different brokers over six months. 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. For options trading, SogoTrade has a base fee of $5.00, and Fidelity Investments a base fee of $4.95. 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, SogoTrade trails Fidelity Investments by 982.00 total mutual funds, with Fidelity Investments offering 13204 and SogoTrade offering 12222. Commission free ETFs can also be a nice plus, Fidelity Investments offers 91 commission free ETFs versus SogoTrade's total 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. Fidelity Investments and SogoTrade both offer virtual trading. For mobile trading, Fidelity Investments 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, 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 was rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2017, while SogoTrade was rated none of these.
Overall, Fidelity Investments comes out on top with 4.50 stars over SogoTrade's 3.00 stars.