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 Lightspeed Trading vs SogoTrade. Is Lightspeed Trading 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 $0.38 more than Lightspeed Trading which charges customers $4.50 per trade. With options, the base fees charged are $4.88 (SogoTrade) and $0 (Lightspeed Trading). Option contracts are pricier at Lightspeed Trading, costing $0.60 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 Lightspeed Trading offers Stock Trading, Options Trading and Futures Trading. When it comes to mutual funds, Lightspeed Trading trails SogoTrade by 13,360 total mutual funds, with SogoTrade offering 13360 and Lightspeed Trading offering 0. Commission free ETFs can also be a nice plus, which for investors means access to 0 commission free ETFs at both brokers.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. Both Lightspeed Trading and SogoTrade offer virtual trading. For mobile trading, Lightspeed Trading along with SogoTrade both support the iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Neither Lightspeed Trading 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 Lightspeed Trading and SogoTrade found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.
Overall, SogoTrade takes the upper hand with 3.50 stars over Lightspeed Trading's 3.00 stars.