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 Interactive Brokers vs SogoTrade. Is Interactive Brokers 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 Interactive Brokers which charges customers $0 (the broker charges a per share rate instead) per trade. For options trading, SogoTrade has a base fee of $4.88, and Interactive Brokers a base fee of $0. Option contracts are pricier at Interactive Brokers, costing $0.70 versus $0.50 at SogoTrade. 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. SogoTrade offers clients Stock Trading, Options Trading and Mutual Funds while Interactive Brokers offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. When it comes to mutual funds, SogoTrade offers its clients access to 11784 different mutual funds while Interactive Brokers has 11000 available funds, a difference of 784.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Interactive Brokers and SogoTrade both offer virtual trading. For mobile trading, Interactive Brokers 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 and Debit Cards are available to clients of Interactive Brokers while SogoTrade offers customers none of these.
Overall, between Interactive Brokers and SogoTrade, Interactive Brokers is the winner
Interactive Brokers Review