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SogoTrade vs Fidelity 2020

Is Fidelity better than SogoTrade? Based on 3,540 data points from our 2020 annual broker review, Fidelity (95%) is better than SogoTrade (66.13%).

fideltiy

Best research experience - Open Account
Trade Commission-Free: No commissions to trade online U.S. stocks, ETFs, and options.1

With over $2 trillion in client assets, Fidelity is a value-driven online broker offering $0 stock trades, industry-leading research, excellent trading tools, an easy-to-use mobile app, and comprehensive retirement services. Overall, Fidelity is a winner for everyday investors. Read full review

SogoTrade

SogoTrade - Open Account
Special Offer: Trades as low as $2.88 + 100 free trades. Switch to SogoTrade!

SogoTrade is an online discount brokerage that charges $4.88 base commissions and supports Chinese-speaking customers. Unfortunately, in a world where $0 trades are the baseline, despite offering five trading platforms for stocks and options, SogoTrade struggles to stand out. Read full review

Overall Rating

Trading Fees

Feature SogoTrade Fidelity
Minimum Deposit $500.00 $0.00
Stock Trade Fee (per trade) $4.88 $0.00
ETF Trade Fee $4.88 $0.00
Options Base Fee $4.88 $0.00
Options Per Contract Fee $0.50 $0.65
Mutual Fund Trade Fee $25.00 $49.95
Broker Assisted Trades Fee $25.00 $32.95
Commissions & Fees 4 4.5
Winner check_circle

Margin Rates

Feature SogoTrade Fidelity
Under $24,999.99 10.25% 9.33%
$25,000.00 to $49,999.99 9.25% 8.83%
$50,000.00 to $99,999.99 8.25% 7.88%
$100,000.00 to $249,999.99 7.00% 7.83%
$250,000.00 to $499,999.99 6.50% 7.58%
$500,000.00 to $999,999.99 6.00% 5.25%
Above $1,000,000.00 5.50% 5.00%
Commissions & Fees 4 4.5
Winner check_circle

Account Fees

Feature SogoTrade Fidelity
IRA Annual Fee $35.00 $0.00
IRA Closure Fee $60.00 $0.00
Returned ACH Fee $30.00 $0.00
Returned Wire Fee $30.00 $0.00
Stock Certificate Processing Fee N/A $0.00
Stock Certificate Delivery Fee N/A $100.00
Paper Statement Fee $10.00 $0.00
Paper Confirmation Fee $5.00 $0.00
Domestic Wire Fee $25.00 $0.00
International Wire Fee $50.00 $0.00
Commissions & Fees 4 4.5

Investment Options

Feature SogoTrade Fidelity
Stock Trading
Yes Yes
Fractional Shares
No No
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 4
Futures Trading
No No
Forex Trading
No No
Commission-Free ETFs 0 all
Mutual Funds (No Load)
3432 3957
Mutual Funds (Total)
6602 11246
Bonds (US Treasury)
No Yes
Bonds (Corporate)
No Yes
Bonds (Municipal)
No Yes
Interest Sharing
No Yes
Advisor Services
No Yes
International Trading
No Yes
Offering of Investments 3 4.5
Winner check_circle

Order Types

Feature SogoTrade Fidelity
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop
Yes Yes
Order Type - Trailing Stop
Yes Yes
Order Type - Contingent
No Yes
Order Type - MultiContingent
No Yes
Order Type - OCO
No Yes
Order Type - OTO
No Yes
Order Type - OTOCO
No Yes
Offering of Investments 3 4.5
Winner check_circle

Trading Platforms

Feature SogoTrade Fidelity
Desktop Platform (Windows)
Yes Yes
Desktop Platform (Mac)
No Yes
Web Platform
Yes Yes
Paper Trading
Yes No
Trade Journal
No Yes
Watch Lists - Total Fields
49 91
Heat Mapping
Yes Yes
AI Assistant Bot
No Yes
Platforms & Tools 3 4.5
Winner check_circle

Charting Features

Feature SogoTrade Fidelity
Charting - Trade Off Chart
No Yes
Charting - Indicators / Studies
52 166
Charting - Drawing Tools
12 22
Charting - Historical Trades
No Yes
Charting - Corporate Events
No Yes
Charting - Automated Analysis
No Yes
Charting - Save Profiles
No Yes
Charting - Study Customizations
4 5
Charting - Custom Studies
No No
Platforms & Tools 3 4.5
Winner check_circle

Day Trading

Feature SogoTrade Fidelity
Stock Alerts - Basic Fields
No Yes
Stock Alerts - Advanced Fields
No Yes
Streaming Time & Sales
Yes No
Streaming TV
No Yes
Direct Market Routing - Stocks
No Yes
Direct Market Routing - Options
No Yes
Ladder Trading
No No
Trade Hot Keys
No Yes
Level 2 Quotes - Stocks
No Yes
Level 2 Quotes - Options
No Yes
Trade Ideas - Backtesting
No No
Short Locator
No Yes
Order Liquidity Rebates
No No
Winner check_circle

Mobile Trading Apps

Feature SogoTrade Fidelity
iPhone App
Yes Yes
Android App
Yes Yes
Apple Watch App
Yes Yes
Trading - Stocks
Yes Yes
Trading - After-Hours
Yes Yes
Trading - Conditional Orders
No No
Trading - Mutual Funds
No Yes
Trading - Simple Options
Yes Yes
Trading - Complex Options
Yes Yes
Trading - Option Rolling
No No
Touch / Face ID
Yes Yes
Winner check_circle

Mobile App Features

Feature SogoTrade Fidelity
Watch List Syncing
No Yes
Stock Alerts
No Yes
Charting - After Hours
No Yes
Charting - Drawing
No No
Charting - Study Customizations
No Yes
Heatmapping
No Yes
Stream Live TV
No Yes
Barcode Lookup
No No
Mobile Trading 3.5 5
Winner check_circle

Research Overview

Feature SogoTrade Fidelity
Research - Stocks
Yes Yes
Research - ETFs
Yes Yes
Research - Mutual Funds
No Yes
Research - Pink Sheets / OTCBB
No Yes
Research - Fixed Income
No Yes
Screener - Stocks
Yes Yes
Screener - ETFs
Yes Yes
Screener - Mutual Funds
No Yes
Screener - Options
No Yes
Screener - Bonds
No Yes
Misc - Portfolio Builder
Yes Yes
Misc - Portfolio Allocation
No Yes
Research 2.5 5
Winner check_circle

Stock Research

Feature SogoTrade Fidelity
Stock Research - Reports
1 16
Stock Research - Earnings
No Yes
Stock Research - Insiders
No Yes
Stock Research - Metric Comp
No Yes
Stock Research - SEC Filings
Yes Yes
Stock Research - Social
No Yes
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
No Yes
Stock Research - News
Yes Yes
Stock Research - ESG
No Yes
Research 2.5 5
Winner check_circle

ETF Research

Feature SogoTrade Fidelity
ETFs - Strategy Overview
Yes Yes
ETFs - Top 10 Holdings
Yes Yes
ETFs - Sector Exposure
No Yes
ETFs - Risk Analysis
No Yes
ETFs - Performance Analysis
Yes Yes
ETFs - Ratings
No Yes
ETFs - Morningstar StyleMap
No Yes
ETFs - Reports
No Yes
Research 2.5 5
Winner check_circle

Mutual Fund Research

Feature SogoTrade Fidelity
Mutual Funds - Strategy Overview
No Yes
Mutual Funds - Prospectus
No Yes
Mutual Funds - Reports
No No
Mutual Funds - Fees Breakdown
No Yes
Mutual Funds - Top 10 Holdings
No Yes
Mutual Funds - Asset Allocation
No Yes
Mutual Funds - Sector Allocation
No Yes
Mutual Funds - Country Allocation
No Yes
Mutual Funds - StyleMap
No Yes
Mutual Funds - 3rd Party Ratings
No Yes
Research 2.5 5
Winner check_circle

Options Trading

Feature SogoTrade Fidelity
Option Chains - Streaming
Yes Yes
Option Chains - Total Columns
22 26
Option Chains - Greeks
5 5
Option Chains - Quick Analysis
Yes Yes
Option Analysis - P&L Charts
Yes Yes
Option Probability Analysis
Yes Yes
Option Probability Analysis Adv
Yes Yes
Option Positions - Greeks
Yes Yes
Option Positions - Adv Analysis
Yes Yes
Option Positions - Rolling
Yes Yes
Option Positions - Grouping
No Yes
Platforms & Tools 3 4.5
Winner check_circle

Beginners

Feature SogoTrade Fidelity
Has Education - Stocks
Yes Yes
Has Education - ETFs
No Yes
Has Education - Options
Yes Yes
Has Education - Mutual Funds
No Yes
Has Education - Fixed Income
No Yes
Has Education - Retirement
No Yes
Paper Trading
Yes No
Videos
No Yes
Webinars (Monthly Avg)
0 8
Webinars (Archived)
No Yes
Live Seminars
No Yes
Progress Tracking
No Yes
Interactive Learning - Quizzes
No Yes
Investor Magazine
No Yes
Education 2 5
Winner check_circle

Banking

Feature SogoTrade Fidelity
Retail Locations
0 197
Member FDIC
No No
Checking Accounts
No Yes
Savings Accounts
No Yes
Credit Cards
No Yes
Debit Cards
No Yes
Mortgage Loans
No No
No Fee Banking
No Yes
Banking 0.5 4
Winner check_circle

Overall

Feature SogoTrade Fidelity
SogoTrade Review Fidelity Review
Overall 3.5 5
Winner check_circle

The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers. This review compares Fidelity vs SogoTrade. Is Fidelity 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 $4.88 per stock trade which is $4.88 more than Fidelity which charges customers $0 per trade. With options, the base fees charged are $4.88 (SogoTrade) and $0 (Fidelity). SogoTrade's per contract rate of $0.50 is less than Fidelity which charges $0.65. 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. Both Fidelity and SogoTrade support Stock Trading, Options Trading and Mutual Funds. When it comes to mutual funds, Fidelity boasts an offering of 11246 mutual funds compared to SogoTrade's 6602 available funds.

Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. SogoTrade has virtual trading, Fidelity doesn't. For mobile trading, Fidelity 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 while SogoTrade offers none of these.

Overall, between Fidelity and SogoTrade, Fidelity is the winner.

Fidelity Review
SogoTrade Review



All pricing data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

1$0.00 commission applies to online U.S. equity trades, exchange-traded funds (ETFs), and options (+ $0.65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). There is an Options Regulatory Fee (from $0.03 to $0.05 per contract), which applies to both option buy and sell transactions. The fee is subject to change. Other exclusions and conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Clearing & Custody SolutionsĀ® are subject to different commission schedules.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

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