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 5,000 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. Option contracts are pricier at Fidelity Investments, costing $0.65 versus $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 13360 different mutual funds while Fidelity Investments has 12505 available funds, a difference of 855. Commission free ETFs can also be valuable for customers, with Fidelity Investments having the upper hand thanks to its 91 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. Fidelity Investments alongside SogoTrade offer virtual trading. Taking a look at mobile trading, Fidelity Investments 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, 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 and Best in Class - Mobile Trading, while SogoTrade was rated none of these.
Overall, Fidelity Investments takes the upper hand with 5.00 stars over SogoTrade's 3.50 stars.