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. Looking at trading options, SogoTrade's base fee is $4.88 while Fidelity Investments's is $4.95. 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. Both Fidelity Investments and SogoTrade support Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, SogoTrade boasts an offering of 13360 mutual funds compared to Fidelity Investments's 12505 available funds. And, commission free ETFs deserve a comparison, with SogoTrade falling behind Fidelity Investments, offering 0 commission free ETFs compared to Fidelity Investments's 91.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Both Fidelity Investments and SogoTrade 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. Clients can have Checking Accounts, Savings Accounts, Debit Cards and Credit Cards at Fidelity Investments while customers at SogoTrade can have 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 comes out on top with 4.50 stars over SogoTrade's 3.00 stars.