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