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 5,000 data points, let's compare Just2Trade 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, with its regular stock trades costing $4.88, is more expensive than Just2Trade's rate of $2.50 per trade. For options trading, SogoTrade has a base fee of $4.88, and Just2Trade a base fee of $2.50. Option contracts at both of the brokerages are the same at $0.50 each. 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. SogoTrade offers clients Stock Trading, Options Trading and Mutual Funds while Just2Trade offers Stock Trading, Options Trading, Mutual Funds and Futures Trading. Looking at mutual funds, Just2Trade trails SogoTrade by 10,360 total mutual funds, with SogoTrade offering 13360 and Just2Trade offering 3000. Commission free ETFs can also be valuable for customers, which is a wash in this comparison as both Just2Trade and SogoTrade offer 0 commission free ETFs.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. Just2Trade and SogoTrade both offer virtual trading. Taking a look at mobile trading, Just2Trade offer clients access to an iPhone App and Android App while SogoTrade has an 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. Neither Just2Trade nor SogoTrade offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. On the whole, when it comes to tools, research, and mobile trading, both Just2Trade and SogoTrade found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, SogoTrade comes out on top with 3.00 stars over Just2Trade's 2.50 stars.