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. Each option contract then costs $0.65 at Fidelity Investments and $0.50 at SogoTrade. 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. Fidelity Investments alongside SogoTrade offer clients Stock Trading, Options Trading and Mutual Funds. As far as mutual funds go, SogoTrade offers its clients access to 13360 different mutual funds while Fidelity Investments has 12505 available funds, a difference of 855. And, commission free ETFs deserve a comparison, Fidelity Investments offers 265 commission free ETFs versus SogoTrade's total of 0.
Finally, by comparing the each broker's website and platform features, we can surface interesting differences. Fidelity Investments and SogoTrade both 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. Checking Accounts, Savings Accounts, Debit Cards and Credit Cards are available to clients of Fidelity Investments while SogoTrade offers customers none of these. All factors considered, when it comes to platform tools, research, and mobile trading, Fidelity Investments was rated Best in Class - Platforms & Tools, Best in Class - Research 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.