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SogoTrade vs Firstrade 2019

The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.

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Is Firstrade better than SogoTrade? After scoring brokers on over 4,000 data points for our 2019 review, Firstrade (67.1%) is better than SogoTrade (57.71%).

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Overall Rating

Feature SogoTrade Firstrade
Overall 3 3.5
SogoTrade Review Firstrade Review

Trading Fees

Feature SogoTrade Firstrade
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 $0.00
Mutual Fund Trade Fee $25.00 $0.00
Broker Assisted Trades Fee $25.00 $19.95
Commissions & Fees 3.5 4
Winner check_circle

Margin Rates

Feature SogoTrade
Open Account
Firstrade
Open Account
Under $24,999.99 10.75% 9.50%
$25,000.00 to $49,999.99 9.75% 9.00%
$50,000.00 to $99,999.99 8.75% 8.50%
$100,000.00 to $249,999.99 7.50% 8.00%
$250,000.00 to $499,999.99 7.00% 7.75%
$500,000.00 to $999,999.99 6.50% 6.00%
Above $1,000,000.00 6.00% 5.25%
Commissions & Fees 3.5 4
Winner check_circle

Account Fees

Feature SogoTrade Firstrade
IRA Annual Fee $35.00 $0.00
IRA Closure Fee $60.00 $0.00
Returned ACH Fee $30.00 $50.00
Returned Wire Fee $30.00 $50.00
Stock Certificate Processing Fee N/A $300.00
Stock Certificate Delivery Fee N/A $300.00
Paper Statement Fee $10.00 $5.00
Paper Confirmation Fee $5.00 $3.00
Domestic Wire Fee $25.00 $30.00
International Wire Fee $50.00 $50.00
Commissions & Fees 3.5 4

Investment Options

Feature SogoTrade Firstrade
Stock Trading
Yes Yes
OTCBB / Pink Sheets
Yes Yes
Options Trading
Yes Yes
Complex Options Max Legs
4 2
Futures Trading
No No
Forex Trading
No No
Commission-Free ETFs 0 all
Mutual Funds (No Load)
9964 5234
Mutual Funds (Total)
11784 12603
Bonds (US Treasury)
No Yes
Bonds (Corporate)
No Yes
Bonds (Municipal)
No Yes
Advisor Services
No No
International Trading
No No
Offering of Investments 2.5 3.5
Winner check_circle

Order Types

Feature SogoTrade Firstrade
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 No
Offering of Investments 2.5 3.5
Winner check_circle

Trading Platforms

Feature SogoTrade Firstrade
Desktop Platform (Windows)
Yes No
Desktop Platform (Mac)
No No
Web Platform
Yes Yes
Paper Trading
Yes No
Trade Journal
No No
Watch Lists - Total Fields
49 13
Two-Factor Authentication Login
No No
Heat Mapping
Yes Yes
Platforms & Tools 3 2
Winner check_circle

Charting Features

Feature SogoTrade Firstrade
Charting - Trade Off Chart
No No
Charting - Indicators / Studies
52 58
Charting - Drawing Tools
12 5
Charting - Historical Trades
No No
Charting - Corporate Events
No Yes
Charting - Automated Analysis
No No
Charting - Save Profiles
No No
Charting - Study Customizations
4 6
Charting - Custom Studies
No No
Platforms & Tools 3 2
Winner check_circle

Day Trading

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

Mobile Trading Apps

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

Mobile App Features

Feature SogoTrade Firstrade
Watch List Syncing
No Yes
Stock Alerts - Basic Fields
No No
Charting - After Hours
No No
Charting - Drawing
No No
Charting - Study Customizations
No Yes
Customizable Homescreen
No No
Heatmapping
No No
Stream Live TV
No No
Barcode Lookup
No No
Mobile Trading 3 3.5
Winner check_circle

Research Overview

Feature SogoTrade Firstrade
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 No
Screener - Bonds
No Yes
Misc - Portfolio Builder
Yes No
Misc - Portfolio Allocation
No Yes
Research 2 4
Winner check_circle

Stock Research

Feature SogoTrade Firstrade
Stock Research - Reports
1 1
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 No
Stock Research - Balance Sheet
Yes Yes
Stock Research - Cash Flows
No Yes
Stock Research - News
Yes Yes
Stock Research - ESG
No No
Research 2 4
Winner check_circle

ETF Research

Feature SogoTrade Firstrade
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 4
Winner check_circle

Mutual Fund Research

Feature SogoTrade Firstrade
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 4
Winner check_circle

Options Trading

Feature SogoTrade Firstrade
Option Chains - Streaming
Yes No
Option Chains - Total Columns
22 8
Option Chains - Greeks
5 5
Option Chains - Quick Analysis
Yes No
Option Analysis - P&L Charts
Yes No
Option Probability Analysis
Yes No
Option Probability Analysis Adv
Yes No
Option Positions - Greeks
Yes No
Option Positions - Adv Analysis
Yes No
Option Positions - Rolling
Yes Yes
Option Positions - Grouping
No No
Platforms & Tools 3 2
Winner check_circle

Beginners

Feature SogoTrade Firstrade
Has Education - Stocks
Yes Yes
Has Education - ETFs
Yes No
Has Education - Options
Yes Yes
Has Education - Mutual Funds
No No
Has Education - Fixed Income
No No
Has Education - Retirement
No Yes
Paper Trading
Yes No
Videos
No Yes
Webinars (Monthly Avg)
0 5
Webinars (Archived)
No Yes
Live Seminars
No No
Progress Tracking
No No
Interactive Learning - Quizzes
No No
Investor Magazine
No No
Education 2 3
Winner check_circle

Banking

Feature SogoTrade Firstrade
Retail Locations
0 2
Member FDIC
No No
Checking Accounts
No Yes
Savings Accounts
No No
Credit Cards
No No
Debit Cards
No Yes
Mortgage Loans
No No
No Fee Banking
No No
Banking 0.5 2
Winner check_circle

Overall

Feature SogoTrade Firstrade
SogoTrade Review Firstrade Review
Overall 3 3.5
Winner check_circle

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 Firstrade 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. SogoTrade charges more than Firstrade for placing regular stock trades ($4.88 and $0, respectively). With options, the base fees charged are $4.88 (SogoTrade) and $0 (Firstrade). Each option contract then costs $0.50 at SogoTrade and $0 at Firstrade. 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. Both Firstrade and SogoTrade support Stock Trading, Options Trading and Mutual Funds. Looking at mutual funds, Firstrade offers its clients access to 12603 different mutual funds while SogoTrade has 11784 available funds, a difference of 819.

Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. SogoTrade offers virtual trading while Firstrade does not. Taking a look at mobile trading, Firstrade 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 and Debit Cards are offered by Firstrade while SogoTrade offers none of these.

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

Firstrade Review
SogoTrade Review



All pricing data was obtained from a published web site as of 02/18/2019 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.

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